SME
IPO ·
BSE SME
Shivchem Agro Ltd
Listed
Agrochemical maker and distributor of insecticides, fungicides, herbicides and fertilisers across eight states.
Issue details
Price band
₹59 – ₹62
Face value
₹5
Lot size
2,000 shares
Minimum investment
₹2,48,000
Issue size
₹14.01 Cr
Fresh issue
₹14.01 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
28 Sep 2026
Closes
30 Sep 2026
UPI mandate cut-off
5:00 PM on 30 Sep 2026
Allotment
1 Oct 2026
Refunds
5 Oct 2026
Shares in demat
5 Oct 2026
Listing
6 Oct 2026
Subscription and listing
Subscription
2.20x
Listing price
₹62
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Shannon Advisors Pvt Ltd
Subscription by category
QIB (Ex Anchor)
1.00x
NII *
1.00x
bNII (> ₹10L)
0.97x
sNII (< ₹10L)
1.08x
Individual Investor
3.50x
Total
2.20x
Total applications
969
Listing day
Issue price
₹62
Open
₹62.00
High
₹62.00
Low
₹58.90
Day close
₹58.90
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
QIB
1,08,000
4.78%
NII
10,14,000
44.87%
bNII > ₹10L
6,76,000
29.91%
sNII < ₹10L
3,38,000
14.96%
Retail
10,24,000
45.31%
Market Maker
1,14,000
5.04%
Total
22,60,000
100.00%
Finaccle’s quick read
Apply
Income up 23% and PAT up 25% in FY26 with ROE of 28.76%, debt/equity of 0.56 and post-issue P/E of 14.39 on an all-fresh issue, though the revenue base is small.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Shivchem Agro makes and distributes agrochemical formulations, including insecticides, fungicides, herbicides, plant growth regulators, rodenticides and fertilizers, from a plant in Jhajjar. It holds licences for 176 agrochemical products and sells to farmers through 685 distributors across eight states. It is a small company, with FY26 total income of about ₹34 Cr and 66 employees.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
28.76%
ROCE
30.04%
Debt / equity
0.56
PAT margin
9.61%
P/E post issue
14.39
Market cap
₹46.70 Cr
Use of IPO money
Working capital requirements
₹6.90 Cr
Repayment/prepayment of loans
₹3.50 Cr
General corporate purposes
₹1.51 Cr
Issue expenses
₹2.10 Cr
Strengths
✓
Licences for 176 agrochemical products
✓
Network of 685 distributors across eight states
✓
ROE of 28.76% and ROCE of 30.04%
✓
Entirely fresh issue at a post-issue P/E of 14.39
Risks to watch
!
Very small revenue base of about ₹34 Cr
!
Young company with a short track record since 2021
!
Agrochemical demand depends on monsoon and crop cycles
!
Working capital heavy distribution model
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.