The Shivam Chemicals IPO, totaling Rs 20.18 crores, consists entirely of a fresh issue of 45.87 lakh shares. The subscription for this IPO commenced on April 23, 2024, and concludes today, April 25, 2024.
Allotment of shares is anticipated to be finalized by Friday, April 26, 2024. The IPO is slated to be listed on BSE SME, with a tentative listing date set for Tuesday, April 30, 2024.
Priced at ₹44 per share, the Shivam Chemicals IPO requires a minimum lot size of 3000 shares per application. For retail investors, the minimum investment amount stands at ₹132,000. High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots, totaling 6000 shares, amounting to ₹264,000.
Aryaman Financial Services Limited serves as the book running lead manager for the Shivam Chemicals IPO, while Cameo Corporate Services Limited acts as the registrar. Shreni Shares is designated as the market maker for the IPO.
The subscription status of the Shivam Chemicals IPO as of April 25, 2024, at 1:45:06 PM (Day 3) reveals an overall subscription rate of 3.57 times. In the retail category, the IPO garnered a subscription of 5.35 times, while the NII category saw a subscription of 1.78 times.
Breaking down the subscription details:
– **NII (Non-Institutional Investors) Category:** The NII category recorded a subscription rate of 1.78 times, with bids received for 38,73,000 shares against the 21,78,000 shares offered.
– **Retail Category:** The retail category witnessed robust interest, with a subscription rate of 5.35 times. Bids were made for 1,16,61,000 shares against the 21,78,000 shares offered.
In total, the IPO received 4,961 applications.
This data reflects significant investor interest in the Shivam Chemicals IPO, with subscriptions surpassing the offered shares across both retail and NII categories.
