Shivchem Agro IPO
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Shivchem Agro IPO details
Schedule of Shivchem Agro
| Issue open date | 28 Sep 2026 |
| Issue close date | 30 Sep 2026 |
| UPI mandate deadline | 30 Sep 2026 (5 PM) |
| Allotment finalization | 01 Oct 2026 |
| Refund initiation | 05 Oct 2026 |
| Share credit | 05 Oct 2026 |
| Listing date | 06 Oct 2026 |
| Mandate end date | 15 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 30 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 29 Dec 2026 |
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 Shivchem Agro
Shivchem Agro manufactures and distributes a wide range of agrochemicals and fertilizers designed for crop protection and yield enhancement. The company’s portfolio includes insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and various fertilizers. Operating from a manufacturing facility located in Jhajjar, Haryana, the business formulates chemical solutions to address diverse farming requirements. Shivchem Agro generates its revenue primarily through the sale and distribution of these agrochemical formulations across domestic markets, including Andhra Pradesh, Assam, Haryana, Telangana, Odisha, and Bihar. The company sells its offerings through an extensive distribution network, supported by strategically leased godowns across multiple Indian states to facilitate product supply and timely delivery. Raw materials are sourced from third-party suppliers on a purchase order basis to maintain continuous production. Shivchem Agro focuses on expanding its product portfolio, optimizing manufacturing capacity, and strengthening its regional market presence to effectively serve agricultural needs.
Financials of Shivchem Agro
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 14.01 |
| Fresh Issue – Proceeds go to the company | 14.01 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Funding the working capital requirements of the Company | 6.9 (49.25%) |
| Repayment / pre-payment of borrowings |
3.5 (24.98%) |
| General Corporate Purposes | 3.61 (25.77%) |
Strengths
- Portfolio of 176 agrochemicals and 82 fertilizers.
- In-house manufacturing facility in Jhajjar, Haryana.
- Network of 685 distributors across key domestic markets.
- Strategically located 5 godowns ensuring efficient regional product supply.
- Allocation of IPO funds for working capital expansion.
Risks
- Vulnerability to seasonal weather and monsoon variations.
- Mandatory statutory approvals and regulatory compliances.
- High working capital needs and history of negative cash flows.
- Raw material price fluctuations without long-term contracts.
- Operations conducted on leased plant and warehouse properties.