Shivam Chemicals Limited

Company Name	Shivam Chemicals Limited
Open Date	23-04-2024
Close Date	25-04-2024
Exchange	BSE SME
Lot Size	3000 Shares
Issue Price	₹44 per share
Issue Size	45,87,000 shares
Application Amount	₹1,32,000
Recommendation	Avoid

Incorporated in 2010, Shivam Chemicals Limited has its registered office in Mumbai, Maharashtra, India. The company 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. The company has supplied a quantity of over 2.50 lakh metric tons of various products. The company has 12 contract labourers in the subsidiary company i.e. Shivam Chemicals and Minerals Private Limited. As of December 31, 2023, the company had a total of 25 employees on a consolidated basis on its payroll.

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Financial Summary in Lakhs

For the Period Ended	Mar-21	Mar-22	Mar-23	Dec-23
Total Assets	993.66	2,368.55	3,117.11	3,881.91
Net Assets	527.71	971.41	1,328.85	1,399.64
Total Borrowings	153.39	509.50	1,351.37	1,638.20
Total Revenue	9,557.75	17,798.8	15,658.33	10,710.7
Profit After Tax	86.50	443.71	357.43	70.79

Tentative Timeline

Opening Date	23-04-2024
Closing Date	25-04-2024
Basis of Allotment	26-04-2024
Initiation of Refunds	29-04-2024
Credit of Shares to Demat	29-04-2024
Listing Date	30-04-2024

Objects of the Issue

Funding Working capital requirements in the Company.

Investment in Subsidiary Co. M/s Shivam Chemicals & Minerals Pvt Ltd. for financing the augmentation of its working capital capabilities.

General corporate purposes.

Contact Information

Registered Office	Shivam Chemicals Limited Office No. 108, 1st Floor, Hubtown Solaris Off N.S.Phadke Marg, Saiwadi, Andheri (E), Mumbai,-400069
Phone	+91 98199 68855
Email	info@shivamchem.com
Website	https://www.shivamchem.com/

Offer Documents

Shivam Chemicals IPO DRHP

Shivam Chemicals IPO RHP

Registrar Details

Name	Cameo Corporate Services Limited
Phone	+91-44-28460390
Email	priya@cameoindia.com
Website	https://ipo.cameoindia.com/

IPO Reservation

Retail Shares Offered	50% of the Net issue
Other Shares Offered	50% of the Net issue

Shareholding Pattern

Share Holding Pre Issue (Promoters)	100.00%
Share Holding Post Issue (Promoters)	73.00%