Shiv Texchem Limited IPO: Fresh issue of 61.05 lakh shares (₹101.35 Cr) to fund long-term working capital needs and for general corporate purposes.
Open Date : October 8, 2024 Close Date : October 10, 2024 Allotment Date: October 11, 2024 Listing Date: October 15, 2024
IPO Price: INR 156-166 per share Lot Size: 800 Shares Total Issue Size: INR 101.35 crores
Shiv Texchem IPO shows mixed performance: 1. Strong revenue growth. 2. Improving profitability. 3. Solid equity base. 4. Reduced financial risk.
1. No comparable listed companies in terms of business operations or size. 2. Industry comparison: Not possible due to lack of similar companies.
Shiv Texchem IPO Objective: 1. IPO Objective: INR 75 crores for long-term working capital. 2. Remaining Funds: General corporate purposes, including operational expenses and project development.
Shiv Texchem IPO Risks: 1. Heavy reliance on select products. 2. Risks: Key product unavailability and industry dependence. 3. Concerns: Import substitution policies and employee misconduct.