Shivam Chemicals Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Shivam

CMP

49.30

-1.61 (-3.16%)

  • DRHP
₹44

Offer Price

₹ 20.18 Cr

Issue Size

₹ 1,32,000

Min Investment

3,000

Lot size

Time Line

  • 23
    Apr 2024
    Open
  • 25
    Apr 2024
    Close
  • 26
    Apr 2024
    Finalisation of Basis of Allotment
  • 29
    Apr 2024
    Initiation of Refunds
  • 29
    Apr 2024
    Transfer of Shares to Demat Account
  • 30
    Apr 2024
    Listing Date

Objects of the Offer

  • Its manufacturing capacities in existing product categories is to leverage industry growth driver.

  • Continue to focus on maintaining operational efficiency and profitability.

  • Continue to build its domestic customer base and enter new geographical market.

  • Continue to focus on quality, environment, health and safety.

Products & Services

  • Shivam Chemicals Limited is a manufacturer of Hydrated Lime (Calcium Hydroxide) & a distributor of various products such as Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, etc

Strengths

  • In house manufacturing through 100% owned subsidiary.

  • Well educated and experienced board of directors and management team.

  • Technological competitive advantage.

  • Logistic Efficiency.

Risks

  • The company derives revenue from distribution of animal feed nutrients and chemical products with preserving quality of the highest international standards and any reduction in demand or in the production of such products could have an adverse effect on its business, results of operations and financial condition.

  • 100% Trading activities till FY 22-23 in holding company and started manufacturing activity in its wholly owned subsidiary company from FY 23-24, diversification into manufacturing could lead to increased costs, resource allocation issues, and potential conflicts of interest between the two entities.

  • Manufacturing activity is carried out by the subsidiary company & they have recently started its manufacturing activity of producing hydrated lime product.

  • Its subsidiary`s company`s Manufacturing activity are Capital intensive.

  • Capacity utilization will gradually increase Year over Year and any inability to fully utilize the capacity could have an adverse effect long-term profitability, business & financial condition.

Company Promoters

Promoters Holding

Issue For IPO
22.94%
Pre Holding

84.99%

Post Holding

62.05%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 3.64 (-) 156.52 (-) 26.90 (-)
Gross Profit 3.64 (-) 156.52 (-) 26.90 (-)
Net Income 3.64 (-) 156.52 (-) 26.90 (-)
Assets 3.64 (-) 156.52 (-) 26.90 (-)
Liabilities 3.64 (-) 156.52 (-) 26.90 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Shivam Chemicals Ltd 156.52 3.64 27.17 13.82 26.90 90.99 333.84 4.09 0.50
Narmada Agrobase Ltd 50.03 0.65 27.32 27.32 4.10 0.48 11.72 2.38 0.63
Godrej Agrovet Ltd 9,373.68 301.91 5,485.95 5,485.95 12.91 15.71 142.78 5.50 0.57

Book Running Managers

  • Aryaman Financial Services Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

# 108 1st Flr Hubtown Solaris,
Off NS Phadke Marg Andheri E,
Mumbai - 400069
Phone : +91 98199 68855 Email : info@shivamchem.com www.shivamchem.com

Offer Related Information

Initial public offer of 45,87,000 equity shares of Rs. 10 each ("Equity Shares") of Shivam Chemicals Limited ("SCL" or the "Company") for cash at a price of Rs. 44 per share (the "Issue Price"), aggregating Rs. 20.18 crores ("The Issue"), of which 2,31,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the "Market

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