Schedule of Shiv Texchem
| Issue open date | 08 Oct 2024 |
| Issue close date | 10 Oct 2024 |
| UPI mandate deadline | 10 Oct 2024 (5 PM) |
| Allotment finalization | 11 Oct 2024 |
| Refund initiation | 14 Oct 2024 |
| Share credit | 14 Oct 2024 |
| Listing date | 15 Oct 2024 |
| Mandate end date | 25 Oct 2024 |
| Lock-in end date for anchor investors (50%) | 10 Nov 2024 |
| Lock-in end date for anchor investors (remaining) | 09 Jan 2025 |
Note: The schedule is tentative. 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. The allotment status can be checked on the registrar's website and the exchange website.
About Shiv Texchem
Shiv Texchem Limited, established in 2005, imports and distributes hydrocarbon-based chemicals critical for industries such as paints, coatings, printing inks, agrochemicals, pharmaceuticals, specialty polymers, and industrial chemicals.
The company imports a diverse range of chemicals, including acetyls, aromatics, ketones, isocyanates, and glycols, with these sourced from countries such as China, Taiwan, and the USA, serving clients across various industries. In recent years, it has expanded its product range from 21 to 39 products and grown its customer base to over 650.
Financials of Shiv Texchem
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹101.35 crores |
| Fresh Issue | ₹101.35 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Long-term working capital requirements | 75.00 (75.00%) |
|
General Corporate Purposes |
25.00 (25.00%) |
Strengths
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The company integrates commercial and supply chain solutions, leveraging global hydrocarbon supplier relationships and providing insights to support distribution.
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The company provides a variety of products from numerous suppliers to a wide customer base across different industries, reducing reliance on any one sector.
- Storage facilities at major ports allow safe, efficient handling and timely delivery of materials to customers.
Risks
- A large portion of revenue depends on a select group of products, any disruption in their supply or demand could impact business performance.
- The company relies on a few key suppliers without long-term contracts, which could disrupt their operations if supplies are delayed.
- The business is highly dependent on specific industries, such as paints, coatings, and agrochemicals, making revenue vulnerable to fluctuations in these sectors.
- Potential policy shifts towards import substitution in India might reduce demand for imported products, affecting the company’s business model.
- The company depends on bank credit for its operations; any challenges in renewing or increasing these facilities could strain its finances.
- Unsecured debt, including loans from related parties, poses risks if recalled, as it can strain cash flow and impact financial stability.