Shiv Texchem IPO Subscription Status

Shiv Texchem's initial public offering (IPO) has garnered significant investor interest, with subscription rates increasing steadily over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in a 19.31 times oversubscription by 11:25:09 AM on day three. This response underscores the strong market appetite for Shiv Texchem's shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 8th October 2024, has seen significant growth in investor participation across most categories. Shiv Texchem attracted bids for 7,84,20,800 equity shares amounting to ₹1,301.79 crore.

The Non-Institutional Investors (NII) segment, in particular, has shown overwhelming demand, followed by strong interest from Retail Investors. The Qualified Institutional Buyers (QIB) have shown moderate participation.

Subscription Status of Shiv Texchem IPO for Days 1, 2, and 3:

Here are the subscription details for Shiv Texchem IPO as of Day 3 (10th October 2024, 11:25:09 AM):

Total Applications: 87,715

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• Shiv Texchem IPO is currently subscribed 19.31 times, with exceptional demand from Non-Institutional Investors.
• Non-Institutional Investors (NII) have shown overwhelming interest, with a subscription ratio of 34.94 times.
• Retail investors have demonstrated strong enthusiasm, with a subscription ratio of 21.81 times.
• Qualified Institutional Buyers (QIB) have shown moderate interest, with a subscription ratio of 3.22 times.
• The overall subscription trend increases day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Shiv Texchem IPO - Day 2 Subscription at 11.58 Times

Key Highlights:

• On Day 2, Shiv Texchem's IPO was subscribed 11.58 times, with strong demand from Non-Institutional Investors and Retail Investors.
• Non-Institutional Investors (NII) showed significantly increased interest with a subscription ratio of 15.81 times.
• Retail investors showed increased interest with a subscription ratio of 14.54 times.
• Qualified Institutional Buyers (QIB) showed moderate interest with a subscription ratio of 3.22 times.
• The overall subscription trend indicated building momentum, with most investor categories showing significant increased participation.

Shiv Texchem IPO - Day 1 Subscription at 3.79 Times

Key Highlights:

• The Shiv Texchem IPO was subscribed 3.79 times on Day 1, with initial demand primarily from Retail Investors.
• Retail investors showed early strong interest with a subscription ratio of 4.83 times.
• Qualified Institutional Buyers (QIB) showed good initial interest with a subscription ratio of 3.11 times.
• Non-Institutional Investors (NII) showed moderate initial interest with a subscription ratio of 2.28 times.
• The first-day response laid a strong foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Shiv Texchem Limited:

Shiv Texchem Limited, established in 2005, is a prominent importer and distributor of hydrocarbon-based secondary and tertiary chemicals. The company supplies essential raw materials to various industries such as paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals.
For FY 2024, Shiv Texchem reported a revenue of ₹1,53,668.79 lakhs, reflecting a 37% YoY growth, and a Profit After Tax (PAT) of ₹3,011.3 lakhs, indicating an 88% increase. The company's net worth stood at ₹19,287.69 lakhs as of 31st March 2024. Key performance indicators, including a Return on Equity (ROE) of 19.08%, a Return on Capital Employed (ROCE) of 26.99%, and a PAT Margin of 1.96%, underscore its robust financial health.

Over the last three financial years, the company has expanded its product portfolio from 21 products in FY 2022 to 39 products in FY 2024. The customer base has also grown from over 400 customers in FY 2022 to over 650 customers in FY 2024. As of March 31, 2024, Shiv Texchem had 50 permanent employees.

Read more about Shiv Texchem IPO

Highlights of the Shiv Texchem IPO:

• IPO Date: 8th October 2024 to 10th October 2024
• Listing Date: 15th October 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹158 to ₹166 per share
• Lot Size: 800 Shares
• Total Issue Size: 6,105,600 shares (aggregating up to ₹101.35 Cr)
• Fresh Issue: 6,105,600 shares (aggregating up to ₹101.35 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: BSE SME
• Book Running Lead Manager: Vivro Financial Services Private Limited
• Registrar: Link Intime India Private Ltd
• Market Maker: Rikhav Securities