Shivam Chemicals IPO Subscription and GMP on 1st Day

Shivam Chemicals IPO Subscription is open today and on the 1st day IPO is fully subscribed. Reports received till the afternoon on the day of IPO opening showed that a 100% or 1x subscription was done on the first day.

Shivam Chemicals IPO (Shivam Chemicals Limited IPO)

Shivam Chemicals Limited specializes in producing Hydrated Lime (Calcium Hydroxide) and distributing a range of products, including Poultry Feed Supplements (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, and more. With an impressive track record, the company has supplied over 250,000 metric tons of various products.

Their portfolio comprises Poultry Feed Supplements, Di-calcium Phosphate, Magnesium Oxide, Limestone Powder, and Hydrated Lime (Calcium Hydroxide).

Shivam Chemicals BSE SME IPO is open for subscription on date April 23, 2024, and the close date is April 25, 2024, and falls on a Thursday. The IPO allotment date is April 26, 2024 (Friday). April 30, 2024 (Tuesday) is the IPO listing date on the exchange (BSE SME).

Shivam Chemicals IPO Subscription

On April 23, 2024, during the Shivam Chemicals IPO subscription day, the Non-Institutional Investors (NII) subscribed 0.72 times, and Retail Individual Investors (RII) subscribed 1.29 times, resulting in an overall subscription of 1.00 times against the total offered shares of 43,56,000.

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Shivam Chemicals IPO GMP (Grey Market Premium)

The day-wise GMP trend for Shivam Chemicals IPO shows that from April 20 to April 23, 2024, the IPO price remained at ₹44 with no change in the Grey Market Premium (GMP).

Shivam Chemicals IPO Financial Analyses

Shivam Chemicals Limited’s financial status, restated for the periods ending December 31, 2023, March 31, 2023, March 31, 2022, and March 31, 2021, indicates consistent alignment between liabilities and assets across these years. The revenue showed a fluctuating trend, with the highest recorded in 2022.

Expenses also varied over the years but remained relatively stable. Total debt increased steadily over the period, reflecting the company’s financial growth and investment activities.

As of December 31, 2023, Shivam Chemicals Limited’s key performance indicators (KPIs) include a Profit After Tax (PAT) of 70.79 Lakhs, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of 281.69 Lakhs, PAT Margin of 1.30%, Return on Capital Employed (RoCE) of 6.19%, Return on Equity (RoE) of 5.13%, Earnings Per Share (EPS) of 2.88 per share, and a Price-Earnings (PE) Ratio of 15.26.

Review Of IPO

Shivam Chemicals Limited has kept its finances steady, with assets and liabilities staying balanced. Revenue went up and down, reaching its highest point in 2022. Expenses stayed fairly consistent. However, the company’s total debt grew steadily, showing its expansion and investments.

As of December 31, 2023, key performance indicators look good, with a profit after tax of 70.79 Lakhs and earnings before interest, taxes, depreciation, and amortization (EBITDA) of 281.69 Lakhs. Return on capital employed (RoCE) and return on equity (RoE) are decent, while earnings per share (EPS) and the price-earnings (PE) ratio suggest investor confidence. Overall, Shivam Chemicals Limited seems resilient and poised for future growth.

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Disclaimer

Investing in Initial Public Offerings (IPOs) involves risks, including the risk of loss of investment capital. Potential investors should conduct their own research, consider their financial situation and investment objectives, and seek advice from a qualified financial advisor before making any investment decisions.