| IPO date | 23 Apr 2024 – 25 Apr 2024 |
| Listing date | 30 Apr 2024 |
| Price range | 44 – 44 |
| Minimum order quantity | 3000 | (D)RHP | View |
Shivam Chemicals Limited is launching its IPO. The offer opens for subscription on April 23, 2024, and closes on April 25, 2024.
Disclaimer: This stock will trade with a lot size of 3000 shares in the SME segment on listing.
What does Shivam Chemicals Limited do?
The company is a manufacturer of Hydrated Lime and a distributor of various products including Poultry feed supplements, Di-Calcium Phosphate, Magnesium Oxide, and Limestone Powder. They have a well-established marketing network across India and distribute animal feed products for renowned manufacturers. Over the years, they have supplied over 2.50 Lakh metric tons of various products with a cumulative value exceeding INR 7,500 million.
Their average monthly sales volume is 2,650 metric tons, demonstrating a consistent presence in the market. Initially focused on animal feed supplement trading, they expanded into manufacturing through the establishment of a wholly owned subsidiary, Shivam Chemicals and Minerals Private Limited, located in Dahej Gujarat. The subsidiary has a manufacturing capacity of 60,000 MT and is engaged in producing Hydrated Lime.
Schedule/Timeline of Shivam Chemicals Limited IPO
| Issue Period | 23rd April to 25th April 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | April 26, 2024 |
| Initiation of Refunds | April 29, 2024 |
| Credit of Shares | April 29, 2024 |
| Date of Listing | April 30, 2024 |
| Mandate end date | May 10, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | May 26, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | July 25, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How do I apply to the Shivam Chemicals Limited IPO?
You can apply for the Shivam Chemicals Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Shivam Chemicals Limited IPO?
You can check the allotment status for the Shivam Chemicals Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.