Shivam Chemicals Limited

Company Profile
Company Name Shivam Chemicals Limited
Open Date 23-04-2024
Close Date 25-04-2024
Exchange BSE SME
Lot Size 3000 Shares
Issue Price ₹44 per share
Issue Size 45,87,000 shares
Application Amount ₹1,32,000
Recommendation Avoid
Incorporated in 2010, Shivam Chemicals Limited has its registered office in Mumbai, Maharashtra, India. The company is a manufacturer of Hydrated Lime (Calcium Hydroxide) & a distributor of various products such as Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, etc. The company has supplied a quantity of over 2.50 lakh metric tons of various products. The company has 12 contract labourers in the subsidiary company i.e. Shivam Chemicals and Minerals Private Limited. As of December 31, 2023, the company had a total of 25 employees on a consolidated basis on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 993.66 2,368.55 3,117.11 3,881.91
Net Assets 527.71 971.41 1,328.85 1,399.64
Total Borrowings 153.39 509.50 1,351.37 1,638.20
Total Revenue 9,557.75 17,798.8 15,658.33 10,710.7
Profit After Tax 86.50 443.71 357.43 70.79

Tentative Timeline

Opening Date 23-04-2024
Closing Date 25-04-2024
Basis of Allotment 26-04-2024
Initiation of Refunds 29-04-2024
Credit of Shares to Demat 29-04-2024
Listing Date 30-04-2024

Objects of the Issue

Funding Working capital requirements in the Company.
Investment in Subsidiary Co. M/s Shivam Chemicals & Minerals Pvt Ltd. for financing the augmentation of its working capital capabilities.
General corporate purposes.

Contact Information

Registered Office Shivam Chemicals Limited Office No. 108, 1st Floor, Hubtown Solaris Off N.S.Phadke Marg, Saiwadi, Andheri (E), Mumbai,-400069
Phone +91 98199 68855

Registrar Details

Name Cameo Corporate Services Limited
Phone +91-44-28460390

IPO Reservation

Retail Shares Offered 50% of the Net issue
Other Shares Offered 50% of the Net issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.00%

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