The upcoming initial public offering (IPO) of Shivam Chemicals is a fixed-price issue amounting to Rs 20.18 crores. The entirety of the issue consists of 45.87 lakh fresh shares.
The subscription for Shivam Chemicals IPO will be open from April 23, 2024, to April 25, 2024. Allotment of shares is expected to be finalized by Friday, April 26, 2024. The anticipated listing date on the BSE SME is Tuesday, April 30, 2024.
Priced at ₹44 per share, the minimum lot size for application is set at 3000 shares, requiring a minimum investment of ₹132,000 for retail investors. For High Net Worth Individuals (HNI), the minimum investment is 2 lots (6,000 shares), amounting to ₹264,000.
Aryaman Financial Services Limited serves as the book running lead manager for the IPO, while Cameo Corporate Services Limited acts as the registrar. Shreni Shares will be the market maker for Shivam Chemicals IPO.
The IPO timeline is as follows:
– IPO opens: April 23, 2024
– IPO closes: April 25, 2024
– Basis of Allotment: April 26, 2024
– Initiation of Refunds: April 29, 2024
– Credit of Shares to Demat: April 29, 2024
– Listing Date: April 30, 2024
– Cut-off time for UPI mandate confirmation: 5 PM on April 25, 2024
Investors can bid for a minimum of 3000 shares and in multiples thereof.
Shivam Chemicals Limited, incorporated in October 2010, specializes in producing Hydrated Lime (Calcium Hydroxide) and distributing various related products. The company’s subsidiary, Shivam Chemicals and Minerals Private Limited, located in Dahej, Gujarat, focuses on producing hydrated lime with a manufacturing capacity of 60,000 MT.
As of December 31, 2023, the company had 25 employees, including 12 contract workers in its subsidiary.
Financial information for Shivam Chemicals Limited (Restated Consolidated) as of December 31, 2023:
– Assets: ₹3,881.92 Lakhs
– Revenue: ₹10,710.70 Lakhs
– Profit After Tax: ₹70.79 Lakhs
– Net Worth: ₹1,399.64 Lakhs
– Reserves and Surplus: ₹159.64 Lakhs
– Total Borrowing: ₹1,638.20 Lakhs
Key Performance Indicators (KPI) as of December 31, 2023:
– ROE: 5.13%
– ROCE: 6.19%
– Debt/Equity: 1.17
– RoNW: 5.06%
– P/BV: 3.9
The market capitalization of Shivam Chemicals IPO is estimated at Rs 74.74 Crores.
The objectives of the IPO are to fund working capital requirements, invest in the subsidiary Shivam Chemicals & Minerals Pvt Ltd., and cater to general corporate purposes.
