Shiv Texchem IPO

Last Updated: 04 October 2024 12:12 PM by 5Paisa

Shiv Texchem IPO is set to open on 08 October 2024 and will close on 10 October 2024. The company

The IPO includes a fresh issue of  61.06 lakh shares aggregating up to ₹101.35 Cr and it does not include an offer for sale. The price band is ₹158 to ₹166 per share and the lot size is 800 shares. 

The allotment is scheduled to be finalised on 11 October 2024. It will go public on BSE SME, with a tentative listing date of 15 October 2024.

Vivro Financial Services Pvt Ltd is the book-running lead manager, while Link Intime India Pvt Ltd is the registrar. 
 

1. Working Capital Requirements.
2. General Corporate Purposes.

Shiv Texchem Limited, established in 2005, specialises in importing and distributing hydrocarbon-based secondary and tertiary chemicals, which serve as critical raw materials across numerous industries. The company’s product offerings span various chemical families, including Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols, Phenolic, Ketones, and Isocyanates. These chemicals are vital for industries such as paints, coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals. Shiv Texchem sources these materials from international suppliers and ensures timely distribution within the domestic market, supporting manufacturers across these sectors.

The company procures its chemicals from several countries, including China, Taiwan, South Korea, Kuwait, Qatar, the USA, the Netherlands, Belgium, and Italy. Its client base features notable companies like Apcotex Industries Limited, Hemani Industries Limited, and Gujarat Fluorochemicals Limited. Over the past three financial years, Shiv Texchem has significantly expanded its product portfolio, growing from 21 products in FY2022 to 39 in FY2024. Similarly, its customer base has increased from over 400 customers in FY2022 to more than 650 in FY2024.

As of March 31, 2024, the company employed 50 permanent staff members. Shiv Texchem’s competitive strengths include a differentiated business model offering integrated retail and supply chain solutions, a well-diversified product portfolio, a broad customer base, and an extensive supplier network. The company also prides itself on its long-standing relationships with clients, an experienced management team, and a consistent focus on providing storage solutions, all of which contribute to its strong financial performance.