Established in 2005, Shiv Texchem Limited imports and distributes hydrocarbon-based secondary and tertiary chemicals, which are important raw materials for numerous industries. The company imports and distributes hydrocarbon-based chemicals of the Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates product family, which are important raw materials and feedstocks for a wide range of industries such as paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals. These secondary and tertiary chemicals are indispensable basic raw materials for various industries such as paints, coatings, printing inks, agrochemicals, pharmaceuticals, specialty polymers, and industrial chemicals.
international manufacturers and suppliers, distributes them to the domestic industry, and ensures sufficient and timely supplies to manufacturers.
Some of the company’s customers include Apcotex Industries Limited, Hemani Industries Limited and Gujarat Fluorochemicals Limited. The company sources these chemicals from several countries including China, Taiwan, South Korea, Kuwait, Qatar, the USA, the Netherlands, Belgium, and Italy.
Over the last three financial years, the company has expanded its product portfolio from 21 products in the financial year 2022 to 39 products in the financial year 2024. The company’s customer base has also grown from over 400 customers in the 2022 financial year to over 650 customers in the 2024 financial year.
As of March 31, 2024, Shiv Texchem had 50 permanent employees.
Competitive strengths:
Shiv Texchem Limited’s revenue increased by 37% and profit after tax (PAT) rose by 88% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 85,483.43 | 79,868.05 | 60,234.98 | 42,543.57 | ||||||||||||||||||||||||||||||||||||
| Revenue | 56,707.83 | 1,53,668.79 | 1,11,866.98 | 86,547.46 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1,005.89 | 3,011.3 | 1,602.72 | 1,386.48 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 20,293.58 | 19,287.69 | 12,276.39 | 10,673.68 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 20,080.25 | 19,074.36 | 12,116.39 | 10,513.68 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 27,085.63 | 29,665.25 | 32,914.39 | 12,034.33 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Shiv Texchem IPO is Rs 384.66 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 19.08% |
| ROCE | 26.99% |
| Debt/Equity | 1.54 |
| RoNW | 19.08% |
| P/BV | 1.4 |
| PAT Margin (%) | 1.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 165.42 | 17.36 |
| P/E (x) | 8.02 | 9.56 |
The Company intends to utilize the gross proceeds raised through the Issue towards the following objectives:
| IPO Date | October 8, 2024 to October 10, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹158 to ₹166 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 6,105,600 shares (aggregating up to ₹101.35 Cr) |
| Fresh Issue | 6,105,600 shares (aggregating up to ₹101.35 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 17,066,672 |
| Share holding post issue | 23,172,272 |
| Market Maker portion | 305,600 shares |
Vikas Pavankumar, Hemanshu S. Chokhani, Pavankumar Sanwaria Realty Private Limited, and Hemanshu Syntex Private Limited are the company's promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
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