Shiv Texchem Limited IPO has a ₹40 Grey Market Premium as of October 7, 2024, with a price range of ₹158 to ₹166 per share. Offering lots of 800 shares, the subscription window is open from October 8 to October 10, 2024.
Shiv Texchem Limited IPO GMP Today
The Grey Market Premium (GMP) for Shiv Texchem Limited is ₹40 as of October 7, 2024. This assessment coincides with the IPO price of ₹158 to ₹166 per share.
Shiv Texchem Limited IPO Review
Shiv Texchem Ltd exhibited robust financial performance with a 37.3% increase in revenue from FY2023 to FY2024, reaching ₹1,53,490.41 lakhs, and sustained growth into Q1 FY2025. Efficient expense management enhanced profitability, with expenses rising slower, contributing to an 87.9% jump in PAT.
The company strengthened its financial foundation, expanding equity by 57.1% and enhancing net asset value per share from ₹767.27 to ₹904.11. Improved financial health was evident from a reduced debt-equity ratio from 2.68 to 1.54 and stable liquidity, showcasing effective capital management and growth in total assets.
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Shiv Texchem Limited IPO Date
Shiv Texchem Limited will start accepting subscriptions from October 8 to October 10, 2024.
Shiv Texchem Limited IPO Price
Shiv Texchem Limited’s price range is at ₹158 to ₹166 per share with a face value of ₹10 each.
Shiv Texchem Limited
The company imports and distributes essential hydrocarbon-based chemicals such as Acetyls, alcohol, Aromatics, and more, serving as crucial materials for industries like paints, pharmaceuticals, and specialty chemicals. They source these from global suppliers and ensure their timely distribution to domestic manufacturers, facilitating access to quality raw materials for diverse industrial applications.
How To Apply For Shiv Texchem Limited IPO?
To apply for the Shiv Texchem Limited IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Shiv Texchem Limited on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
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