Shivchem Agro IPO

Incorporated in 2021, Shivchem Agro Limited is an Indian agrochemical company engaged in manufacturing, distributing and selling agricultural formulations. Its product portfolio includes insecticides, fungicides, herbicides, plant growth regulators, rodenticides and fertilisers. The company is licensed to manufacture 176 agrochemical products and 82 fertilisers, serving agricultural markets through a distribution network spanning Andhra Pradesh, Telangana, Odisha, Assam and Madhya Pradesh. As of 31 March 2025, the company had 516 distributors and six godowns across these states. Its manufacturing facility in Jhajjar, Haryana, is equipped with automated machinery and pollution-control systems, including an Effluent Treatment Plant and Wet Scrubber Unit. The company is ISO 9001:2015, ISO 22000:2018 and ISO 31000:2018 certified.

Shivchem Agro IPO Overview

Shivchem Agro IPO is a bookbuilding issue of ₹14.01 crore comprising 22,60,000 fresh equity shares with a face value of ₹5 each. The IPO opens for subscription on 28 September 2026 and closes on 30 September 2026. The price band is fixed at ₹59 to ₹62 per share, while the lot size is 2,000 shares. Retail investors must apply for a minimum of two lots, representing 4,000 shares and an investment of ₹2,48,000 at the upper price band. The minimum S-HNI application is three lots, or 6,000 shares, amounting to ₹3,72,000. Allotment is expected on 1 October 2026, while refunds and demat credit are scheduled for 5 October 2026. The tentative listing date is 6 October 2026 on BSE SME. Shannon Advisors Pvt. Ltd. is the book running lead manager and Maashitla Securities Pvt. Ltd. is the registrar.

Shivchem Agro IPO Details

Particulars	Details
IPO Date	28 September 2026 to 30 September 2026
Listing Date	6 October 2026
Face Value	₹5 per share
Issue Price Band	₹59 to ₹62 per share
Lot Size	2,000 Shares
Total Issue Size	22,60,000 shares (aggregating up to ₹14.01 Cr)
Fresh Issue	22,60,000 shares (aggregating up to ₹14.01 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	52,72,873 shares
Share Holding Post Issue	75,32,873 shares
Market Maker Portion	1,14,000 shares

Shivchem Agro IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

 

Shivchem Agro IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	4,000	₹2,48,000
Retail (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 Promoter Holding

Shareholding Status	Percentage
Pre-Issue	92.73%
Post-Issue	64.91%

Shivchem Agro IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹6.16
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	45.33%
Net Asset Value (NAV)	₹24.50
Return on Equity	45.33%
Return on Capital Employed (ROCE)	31.59%
EBITDA Margin	15.50%
PAT Margin	9.15%
Debt to Equity Ratio	0.86

Objectives of the Proceeds

Fund the company’s working capital requirements to support ongoing operations and business expansion, with an estimated allocation of ₹10.70 crore.
Repay or prepay, fully or partially, certain outstanding loans availed by the company, with ₹6 crore allocated.
Meet general corporate purposes, including business-related expenses and other permissible requirements from the remaining issue proceeds.

Key Financials (in ₹ crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	36.16	16.41	2.75
Revenue / Total Income	27.50	10.95	2.28
Profit After Tax	2.51	1.29	0.13
Reserves and Surplus	6.95	1.45	0.16
Total Borrowings	8.26	7.10	1.28