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Shivam Chemicals Limited IPO : Key Dates

Shivam Chemicals Limited IPO is set to launch on 23 April, 2024. The company initiated its business operations in the year 2010. It is involved in the business of manufacturing and distributing chemicals. The product line of the company includes Hydrated Lime, Di-cacium phosphate, limestone powder, magnesium chloride, poultry feed supplements. Its manufacturing facility is located in Dahej. It has an annual capacity of 60000 MT. The employee base of the company is 25 people.

Shivam Chemicals Limited IPO DETAILS

Shivam Chemicals Limited IPO is set to launch on 23 April, 2024. The subscription timeline extends till 25 April, 2024. The size for the IPO is 20.18 Crore Rs. Shares issued through fresh issue mode are worth Rs 20.18 Crore. No shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 44 Rs per share. The company is going to get listed on BSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is Cameo Corporate Services Private Limited.

Tabular Description of Shivam Chemicals Limited IPO

IPO OPENING DATE	23 April, 2024
CLOSING DATE FOR IPO	25 April, 2024
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	44 Rs per share
LOT SIZE	3000 shares
MINIMUM ORDER QUANTITY	3000 shares
ISSUE SIZE	20.18 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	20.18 Crore Rs.
LISTING AT	BSE SME
LISTING DATE	30 April, 2023

Shivam Chemicals Limited IPO : IMPORTANT DATES

IPO OPENING DATE	23 April, 2024
CLOSING DATE FOR IPO	25 April, 2024
IPO ALLOTMENT DATE	26 April, 2024
REFUNDS	29 April, 2024
DEMAT A/C CREDITED ON	29 April, 2024
IPO LISTING DATE	30 April, 2024

Shivam Chemicals Limited IPO begins for subscription from 23 April, 2024. The IPO subscription would continue till 25 April, 2024. The allotment status for the shareholders who applied would come on 26 April, 2024. The refunds for the ones who did not get allotment would be initiated on 29 April, 2024. The DEMAT accounts of shareholders would be credited on 29 April, 2024. The listing of the company would be completed on 30 April, 2024.

Shivam Chemicals Limited IPO : Lead Managers

The lead managers are :

Aryaman Financial Services Limited

The minimum lot size for the company is decided at 3000 shares. This holding accounts to 132000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 264000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	3000 shares	132000 Rs.
Maximum	6000 shares	264000 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2023 March	2023 December
Asset	3117	3881
Revenue	15658	10710
PAT	357	70

Shivam Chemicals Limited had an asset base of 3117 Lakh Rs in 2023 march. This boosted to 3881 Lakh Rs in 2023 December. This is an increase of 764 Lakh Rs mid year with a percentage increase of almost 25% in the asset base. The revenue of the firm was 15658 lakh Rs in March 2023. This has reached 10710 lakh rs in December 2023.

Thus a revenue of almost 70% has been reached as of December 2023. The profit of the firm was 357 lakh rs in 2023 march. This has just reached 70 Lakh Rs in 2023 december. Hence one should look at the revenue figures and make a judgement that the company might not be able to exceed its revenue by a huge margin in this financial year. Also the profit figures depict the same story that the company could not exceed the profit margin it reached in march 2023. The gap between the profit figures is close to 287 Lakh Rs.

PROS

The product line of the company includes Hydrated Lime, Di-cacium phosphate, limestone powder, magnesium chloride, poultry feed supplements.
Its manufacturing facility is located in Dahej. It has an annual capacity of 60000 MT.
The employee base of the company is 25 people.

Shivam Chemicals Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
Click the Ramdeobaba Solvent Limited IPO button and press the BID button.
Entering the details asked for like UPI ID, Quantity and price.
Submit the application form for the IPO.
Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

dhairya@socialcoffee.in