Shivam Chemicals IPO

Shivam Chemicals ltd to issue 45.87L shares at INR 44 each, raising INR 2018.28L for working capital, investment in subsidiary and corporate purposes.

Important Details

Date: April 22 to April 25 2024 Listing Date: April 30, 2024 Price: INR 44 per share Lot Size:3000 Shares Total Issue Size:INR 2,018.28 lakhs

Fundamental Analysis

Shivam Chemicals analysis shows mixed performance, revenue initially dropped, stabilized later,profit & EPS decreased significantly,  steady equity growth,RoNW changed despite asset increase.

Peer Comparison

Shivam Chemicals Limited excels with robust metrics, surpassing Narmada Agrobase Limited and Godrej Agrovet, showcasing a promising growth trajectory.

Objective

Shivam Chemicals Limited aims to enhance capabilities by funding working capital and investing in subsidiaries as its main objective.

Risks And Challenges

Shivam Chemicals  limited faces risks from fluctuating product revenue, operational challenges with its subsidiary and  limited capacity utilization, hinting at potential profitability & financial strain.

Apply for Shivam Chemicals Limited IPO  with Alice Blue completely free of cost.

Disclaimer:

*T&C Apply