Shiv Texchem Limited - IPO

SME

Shiv Texchem IPO Details

Open Date

08 Oct 2024

Close Date

10 Oct 2024

Listing Date

15 Oct 2024

Issue Price

₹158 - ₹166

Face Value

₹10 per share

Lot Size

800

GMP

₹65 (39.2%)

Issue Type

IPO

Listing On

BSE

Type

Book Built Issue

Share holding pre issue

1,70,66,672

Share holding post issue

2,31,72,272

Total Issue Size

61,05,600 shares (aggregating up to ₹101.35 Cr)

Fresh Issue

61,05,600 shares (aggregating up to ₹101.35 Cr)

Offer for Sale

Shiv Texchem IPO Subscription

Shiv Texchem IPO Application Wise Breakup

Shiv Texchem IPO Dates

08 Oct 2024
Opening dateOPD
10 Oct 2024
Closing dateCOD
11 Oct 2024
Basis of AllotmentBOA
14 Oct 2024
Initiation of RefundsIOR
14 Oct 2024
Credit of SharesCOS
15 Oct 2024
Listing dateLID

Shiv Texchem IPO Lot Size

Application	Lots	Shares	Amount
Retain Minimum	1	800	₹132,800
Retain Maximum	1	800	₹132,800
HNI Minimum	2	1600	₹265,600

Shiv Texchem IPO Reservation

Promoter Holding

Pre Issue:100.00%

Post Issue:-

Promoter Names:

Vikas Pavankumar, Hemanshu S. Chokhani, Pavankumar Sanwaria Realty Private Limited, Hemanshu Syntex Private Limited

Documents

› Shiv Texchem IPO DRHP

› Shiv Texchem IPO RHP

› Anchor Investors in Shiv Texchem IPO

Shiv Texchem IPO Valuations

ROE:19.08%

ROCE:26.99%

Debt/Equity:1.54

RoNW:19.08%

P/BV:1.4

PAT Margin (%):1.96

EPS Pre IPO:165.42

EPS Post IPO:17.36

P/E Pre IPO:8.02

P/E Post IPO:9.56

Shiv Texchem Limited Financial Information

Shiv Texchem Limited's revenue increased by 37% and profit after tax (PAT) rose by 88% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	79,868.05	60,234.98	42,543.57
Revenue	1,53,668.79	1,11,866.98	86,547.46
Profit After Tax	3,011.3	1,602.72	1,386.48
Net Worth	19,287.69	12,276.39	10,673.68
Reserves and Surplus	19,074.36	12,116.39	10,513.68
Total Borrowing	29,665.25	32,914.39	12,034.33
Amount in ₹ Lakhs

About Shiv Texchem IPO

Established in 2005, Shiv Texchem Limited imports and distributes hydrocarbon-based secondary and tertiary chemicals, which are important raw materials for numerous industries.

The company imports and distributes hydrocarbon-based chemicals of the Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates product family, which are important raw materials and feedstocks for a wide range of industries such as paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals. These secondary and tertiary chemicals are indispensable basic raw materials for various industries such as paints, coatings, printing inks, agrochemicals, pharmaceuticals, specialty polymers, and industrial chemicals. The company procures these chemicals from international manufacturers and suppliers, distributes them to the domestic industry, and ensures sufficient and timely supplies to manufacturers.

Some of the company's customers include Apcotex Industries Limited, Hemani Industries Limited and Gujarat Fluorochemicals Limited. The company sources these chemicals from several countries including China, Taiwan, South Korea, Kuwait, Qatar, the USA, the Netherlands, Belgium, and Italy.

Over the last three financial years, the company has expanded its product portfolio from 21 products in the financial year 2022 to 39 products in the financial year 2024. The company's customer base has also grown from over 400 customers in the 2022 financial year to over 650 customers in the 2024 financial year.

As of March 31, 2024, Shiv Texchem had 50 permanent employees.

Competitive strengths:

A differentiated business model with comprehensive and integrated retail and supply chain solutions
Well-diversified product portfolio, customer base with extensive supplier network
Long-standing and active relationships with customers
Experienced, dedicated and qualified management team with extensive knowledge of the hydrocarbon-based chemical industry
Focus on providing storage solutions and consistent financial performance

Strength Of Shiv Texchem IPO

Risk Of Shiv Texchem IPO

1. The company derives a significant part of its revenue from a group of select products. If the company fails to offer any of these products, its business, financial condition and results of operations may be adversely affected.

2. The company is dependent on limited number of suppliers for supply of its traded products and the company has not made any long term supply arrangement with its suppliers. In an eventuality where the company suppliers are unable to deliver it the required materials in a time-bound manner it have a material adverse effect on its business operations and profitability.

3. The company does not have long term agreements with its customers and relies on purchase orders for delivery of its products. Loss of one or more of its customers or a reduction in their demand for the company products could adversely affect its business, results of operations and financial condition.

4. Its operations are heavily dependent on industries where products are supplied, which includes paints and coatings, printing inks, agro-chemical products, specialty polymers, pharmaceuticals products, specialty industrial chemicals, etc.

5. Its business is working capital intensive involving high level of inventories and trade receivables. The company requires substantial financing for its business operations. The company indebtedness and the conditions and restrictions imposed on by its financing arrangements could adversely affect the company ability to conduct its business.

6. There are pending litigations against the Company, certain of its Promoters, and its Directors. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business, results of operations and financial condition.

7. Its inability to accurately forecast demand or price for the company products and to manage its inventory may adversely affect the company business, results of operations and financial condition.

8. The company has certain contingent liabilities which may adversely affect its financial condition.

9. The company has experienced negative cash flows from operation activities in the prior periods.

10. The company has partially hedged or in some cases not hedged its foreign currency exposure, which may cause a negative impact to its business and financial conditions in case of fluctuations of foreign currency.

Objectives Shiv Texchem IPO

To meet long-term working capital requirements; and
General Corporate Purposes.

Company Contact Details

Shiv Texchem Limited
Kamla Space, Unit no. 216,
2nd Floor Khira Nagar TPS III,
S.V. Road, Santacruz (West) Mumbai - 400054
Phone: +91 96195 11788
Email: cs@shivtexchem.com
Website: http://www.shivtexchem.com/

Registrar Contact Details

Name: Link Intime India Private Ltd

Phone: +91-22-49186200

Email: shivtexchem.smeipo@linkintime.co.in

Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Lead Mangers

Vivro Financial Services Private Limited

Market Maker

Rikhav Securities