IPO Issue Details
Issue Price / Price Band₹44 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size45,87,000 shares (aggregating up to ₹20.18 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 23 Apr 2024
Subscription CloseThu, 25 Apr 2024
Anchor AllotmentMon, 22 Apr 2024
Basis of AllotmentFri, 26 Apr 2024
Initiation of RefundsMon, 29 Apr 2024
Credit of Shares to DematMon, 29 Apr 2024
Listing DateTue, 30 Apr 2024
UPI Mandate Deadline2024-04-25
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 3,000 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 6,000 shares
EPS (Pre-IPO)₹2.88
EPS (Post-IPO)₹0.56
P/E Ratio (Pre-IPO)15.26x
P/E Ratio (Post-IPO)79.19x
Net Offer to Public43,56,000 shares (aggregating up to ₹19.17 Cr)
Reserved for Market Maker2,31,000 shares (aggregating up to ₹1.02 Cr)
Pre-IPO Promoter Holding1,24,00,000 shares
Post-IPO Promoter Holding1,69,87,000 shares
About Shivam Chemicals Ltd
Incorporated in October 2010, Shivam Chemicals Limited produces Hydrated Lime (Calcium Hydroxide) and distributes various products including Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, and more. The company has supplied over 250,000 metric tons of various products.The product portfolio of the company includes:Poultry Feed SupplementsDi-calcium PhosphateMagnesium OxideLimestone PowderHydrated Lime (Calcium Hydroxide)Shivam Chemicals and Minerals Private Limited is a wholly owned subsidiary located in Dahej, Gujarat, with a manufacturing capacity of 60,000 MT. It specializes in producing hydrated lime (calcium hydroxide).On December 31, 2023, the company has a total of 25 employees, including 12 contract workers in their subsidiary Shivam Chemicals and Minerals Private Limited.
Objects of the Issue
Shivam Chemicals Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding Working capital requirements in our Company;
2
Investment in Subsidiary Co. M/s Shivam Chemicals & Minerals Pvt Ltd. for financing the augmentation of its working capital capabilities
3
General Corporate Purpose
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,24,00,000 shares
Post-IPO Promoter Holding
1,69,87,000 shares