Shivchem Agro IPO Subscription Day 3: 2.20x

Mumbai, September 30: Shivchem Agro IPO closed for subscription on Wednesday, September 30, 2026, after receiving bids for 47,14,000 shares against 21,46,000 shares offered to the public. The issue was subscribed 2.20 times overall.

The individual investors category was subscribed 3.50 times, while the NII category was subscribed 1.00 times. The QIB (Ex Anchor) portion was also subscribed 1.00 times.

The IPO opened for subscription on September 28, 2026, and is now closed for subscription.

Shivchem Agro IPO Subscription Status

The individual investors category received bids for 35,88,000 shares against 10,24,000 shares offered, resulting in a subscription of 3.50 times.

The NII category received bids for 10,18,000 shares against 10,14,000 shares available, taking the subscription to 1.00 times.

Within the NII segment, the bNII portion was subscribed 0.97 times, while the sNII portion was subscribed 1.08 times.

The QIB (Ex Anchor) category received bids for 1,08,000 shares against 1,08,000 shares offered, resulting in a subscription of 1.00 times.

The market maker portion of 1,14,000 shares was also fully subscribed.

Overall, Shivchem Agro IPO received bids for 47,14,000 shares against 21,46,000 shares offered to the public, resulting in an overall subscription of 2.20 times.

The total amount of bids stood at ₹29.227 crore, calculated at the upper end of the price band.

The issue received 969 applications as of the final subscription update.

Day-wise Shivchem Agro IPO Subscription

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Individual Investors	Total
Sep 28 (Day 1)	0.00x	0.14x	0.17x	0.07x	0.10x	0.11x
Sep 29 (Day 2)	0.00x	0.60x	0.80x	0.20x	0.68x	0.61x
Sep 30 (Day 3)	1.00x	1.00x	0.97x	1.08x	3.50x	2.20x

Shivchem Agro IPO Details

Shivchem Agro IPO is a ₹14.01 crore book-built issue comprising an entirely fresh issue of 22.60 lakh shares.

The IPO had a price band of ₹59 to ₹62 per share. The lot size was 2,000 shares, making the minimum investment for an individual investor ₹1,24,000 at the upper end of the price band.

For HNI investors, the minimum application size was 3 lots, or 6,000 shares, amounting to ₹3,72,000 at the upper price.

The IPO opened on September 28, 2026, and closed for subscription on September 30, 2026.

The shares are proposed to be listed on the BSE SME platform, with a tentative listing date of October 6, 2026.

Shannon Advisors Pvt. Ltd. is the book-running lead manager, while Maashitla Securities Pvt. Ltd. is the registrar to the issue. Nikunj Stock Brokers Ltd. is the market maker.

Shivchem Agro IPO Issue Size

Particulars	Details
Total Issue Size	22,60,000 shares
Fresh Issue	22,60,000 shares
Fresh Issue Amount	₹14.01 crore
Market Maker Reservation	1,14,000 shares
Net Offered to Public	21,46,000 shares
Face Value	₹5 per share
Price Band	₹59 to ₹62
Lot Size	2,000 shares
Issue Type	Bookbuilding IPO
Sale Type	Fresh capital only
Listing Platform	BSE SME

Shivchem Agro IPO Reservation

Out of the total issue size of 22,60,000 shares, 1,08,000 shares were allocated to QIBs, representing 5.03% of the net issue. The NII category was allocated 10,14,000 shares, or 47.25% of the net issue, while 10,24,000 shares, or 47.72%, were allocated to individual investors.

A further 1,14,000 shares, representing 5.04% of the total issue, were reserved for the market maker.

Investor Category	Shares	% of Net Issue	% of Total Issue
QIB	1,08,000	5.03%	4.78%
NII	10,14,000	47.25%	44.87%
bNII (> ₹10L)	6,76,000	29.91%
sNII (< ₹10L)	3,38,000	14.96%
Retail	10,24,000	47.72%	45.31%
Market Maker	1,14,000		5.04%
Total	22,60,000	100.00%	100.00%

Shivchem Agro IPO Lot Size

Investors could bid for a minimum of 4,000 shares and in multiples of 2,000 shares.

Application	Lots	Shares	Amount
Individual Investors (Min)	2	4,000	₹2,48,000
Individual Investors (Max)	2	4,000	₹2,48,000
S-HNI (Min)	3	6,000	₹3,72,000
S-HNI (Max)	8	16,000	₹9,92,000
B-HNI (Min)	9	18,000	₹11,16,000

Shivchem Agro IPO Allotment and Listing

The Shivchem Agro IPO is now closed for subscription. The tentative allotment is scheduled for October 1, 2026.

Refunds are expected to begin on October 5, while shares are scheduled to be credited to successful applicants on the same day.

The Shivchem Agro IPO is tentatively scheduled to list on the BSE SME platform on October 6, 2026.

Shivchem Agro IPO Timeline

Event	Date
IPO Open	September 28, 2026
IPO Close	September 30, 2026
Allotment	October 1, 2026
Refund	October 5, 2026
Credit of Shares	October 5, 2026
Listing	October 6, 2026

About Shivchem Agro Ltd.

Incorporated in September 2021, Shivchem Agro Limited is an agrochemical company engaged in the manufacturing, stocking, distribution and sale of agricultural formulations.

The company offers a diversified portfolio of insecticides, fungicides, herbicides, plant growth regulators, rodenticides and fertilizers. As of the date of the Red Herring Prospectus, the company was licensed to manufacture 176 agrochemical products, including 88 insecticides, 40 fungicides, 37 herbicides, 8 plant growth regulators and 3 rodenticides. It also had authorization for manufacturing 82 fertilizers, of which it currently manufactures 8.

Conclusion

Shivchem Agro IPO closed for subscription on September 30, 2026, after being subscribed 2.20 times overall. The individual investors category recorded a subscription of 3.50 times, while the NII and QIB (Ex Anchor) categories were subscribed 1.00 times each.

The tentative allotment is scheduled for October 1, 2026. Refunds and credit of shares are expected on October 5, followed by the tentative BSE SME listing on October 6, 2026.

Source:

• https://www.bseindia.com/markets/publicissues/displayipo?id=4858&type=IPO&idtype=1&status=L&IPONo=8008&startdt=28%2F09%2F2026