Shivchem Agro IPO

Listed SME
Min Investment
₹2,48,000
4000 Shares
Min Investment
₹2,48,000 · 4000 Shares
Open Sept 28
Close Sept 30
Allotment Oct 01
Refund Oct 05
Demat Oct 05
Listing Oct 06
Price Band ₹59–62
Lot Size 2000 shares
Issue Size ₹14 Cr
Listed At ₹62.00 +0%
Subscribed 2.25×
Listed On BSE SME
Listing Price
₹62.00 (+0.00%)
vs issue price
Current Price (BSE)
₹48.00 (-22.58%)
at close, 14 Oct

Market Sentiment

Grey Market Premium What is GMP?
+₹1.5
+2.4% ▲ ₹0.5 since last update
Est. listing ₹63.5
Upper price ₹62
GMP range ₹1 – ₹13
27 Sept · ₹6 03 Oct · ₹1.5
Updated 03 Oct, 7:20 pm IST Unofficial grey-market data
GMP estimate ₹63.5
Actual listing ₹62
Listed below the GMP estimate by ₹1.5 (-2.4%)
Subscription Status
QIB
1.00x
NII
1.12x
bNII (>10L)
1.14x
sNII (2-10L)
1.08x
Retail
3.50x
Total
2.25x
Updated: Sept 30, 2026 5:59 pm IST
Analysis Score 40 / 100
Mixed Signals
Data: 80%
GMP Score 43
Subscription Score 25
Financial Health 66
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Price Band₹59–62 per equity share
Face Value₹5 Per Equity Share
Lot Size 2000 shares (Min 2 lots · ₹2,48,000)
Total Issue Size ₹14.01 crore
Fresh IssueEntire issue — no offer for sale, so all proceeds go to the company
Issue TypeBook build Issue
Lead Manager Shannon Advisors Pvt. Ltd.
Registrar Maashitla Securities Pvt. Ltd.
PromotersRohit Agarwal, Sachin Agarwal and Deepa Agarwal
Listing atBSE SME
BSE Code544967
ISININE18CU01023
Listing Price₹62.00
Listing Gain+0.00%

IPO Reservation

Category Shares Offered Shares %
QIB1,08,0005.03%
NII (HNI)10,14,00047.25%
bNII > ₹10L6,76,00031.50%
sNII < ₹10L3,38,00015.75%
Retail10,24,00047.72%
Total21,46,000

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 4,000 ₹2,48,000
Retail Maximum 2 4,000 ₹2,48,000
S-HNI Minimum 3 6,000 ₹3,72,000
S-HNI Maximum 8 16,000 ₹9,92,000
B-HNI Minimum 9 18,000 ₹11,16,000
Budget to Lots Calculator ▼
₹

Day-wise Subscription (times subscribed)

Category Day 1 Day 2 Final
QIB 0.00x 0.00x 1.00x
NII 0.14x 0.71x 1.12x
bNII > ₹10L 0.17x 0.97x 1.14x
sNII 2-10L 0.07x 0.20x 1.08x
Retail 0.10x 0.68x 3.50x
Total 0.11x 0.66x 2.25x

Financial Analysis

Financial Data

EPS (Pre)
₹6.16
ROE
28.76%
ROCE
30.04%
RoNW
28.76%
EBITDA Margin
17.69%
Debt/Equity
0.56
NAV/Share
₹24.50
Revenue Growth
23.05%
Profit Margin
9.60%

Financial Performance

Metric 2024 2025 2026
Revenue 10.95 27.50 33.84
Expense 9.22 23.98 29.44
Profit (PAT) 1.29 2.60 3.25
Total Assets 16.41 36.29 45.04
Values in Crores (₹)

Peer Comparison

Company EPS P/E RoNW % NAV Income
Super Corp Safe Limited 0.52 27.83 6.69 7.80 53.13 Cr
Sikko Industries ltd 0.33 15.21 5.92 1.98 65.01 Cr

Strengths & Risks

Strengths
  • Revenue grew 23% in the latest reported year.
  • Solid profit margin — 9.6%.
  • Strong return on equity — 29%.
Risks & Concerns
  • Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Shivchem Agro

Set up in September 2021, Shivchem Agro is an agrochemical firm that manufactures, distributes, and sells agricultural formulations. Its product range includes insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilizers. As of today, the firm has made 176 agrochemical products, including 88 insecticides, 40 fungicides, 37 herbicides, 8 plant growth regulators, and 3 rodenticides. The company holds the license to sell and distribute products across 8 states in India, with 685 distributors in five godowns. Its manufacturing facility is situated in Jhajjar, which includes machinery for agrochemical production, an Effluent Treatment Plant, and a Wet Scrubber Unit for managing wastewater and air emissions. Moreover, Shivchem Agro distributes its products in 2 ways: first, by visiting farmers and showing them how to use the products, and second, by using distributors to distribute its products in different areas.

Company Contact Information

Shivchem Agro Ltd., Unit No. 703, 704, Amba Tower,, Plot No.2, Community Centre, D.C Chowk, Sector-9, Rohini Sec-11, North West Delhi, New Delhi, 110085

Objects of the Issue

Purpose Amount (Cr)
Funding the working capital requirements of the Company 10.70
Repayment/prepayment, in full or part, of certain loans availed by the Company 6.00
General Corporate Purpose -

Resources & Documents

Shivchem Agro IPO - Quick Take

Shivchem Agro has set a price band of Rs 59–Rs 62 per share for an issue size of Rs 14 crore. The stock listed flat against its issue price.

The issue is promoted by Rohit Agarwal, Sachin Agarwal and Deepa Agarwal with Shannon Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards funding the working capital requirements of the Company (Rs 11 crore) and repayment/prepayment, in full or part, of certain loans availed by the Company (Rs 6 crore).

On fundamentals, the company is posting revenue growth of 23.1%, a profit margin of 9.6%, return on equity of 28.8% in its most recent reported period. Listed peers in this segment include Super Corp Safe Limited (P/E 27.83x) and Sikko Industries ltd (P/E 15.21x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.

On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Shivchem Agro IPO is Rs 59 to Rs 62 per share. Face value is Rs 5 per share.

The total issue size of Shivchem Agro IPO is Rs 14 crore, comprising fresh issue of Rs 14 crore.

The lot size of Shivchem Agro IPO is 2,000 shares. The minimum application is 2 lots (4,000 shares), requiring an investment of Rs 2,48,000.

Shivchem Agro IPO opens for subscription on September 28, 2026 and closes on September 30, 2026.

The expected allotment date for Shivchem Agro IPO is October 01, 2026. Refunds for unsuccessful applicants are expected on October 05, 2026. Shares are scheduled to be credited to demat accounts on October 05, 2026.

Shivchem Agro IPO is scheduled to list on October 06, 2026 on BSE. BSE script code: 544967, ISIN: INE18CU01023.

The last GMP (Grey Market Premium) recorded for Shivchem Agro IPO before listing was +Rs 1.5 (+2.4% over issue price). The shares actually listed at Rs 62 (+0.00% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

Shivchem Agro IPO was subscribed 2.25 times overall by the close of bidding — retail at 3.50x, QIB at 1.00x, NII at 1.12x.

Based on the final retail subscription of 3.50x for Shivchem Agro IPO, the estimated retail allotment probability is approximately 32.6%. This is a moderate probability of allotment.

The registrar for Shivchem Agro IPO is Maashitla Securities Pvt. Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Shivchem Agro IPO are Shannon Advisors Pvt. Ltd.

The promoter(s) of Shivchem Agro are Rohit Agarwal, Sachin Agarwal and Deepa Agarwal.

Shivchem Agro IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 2.4%. Of the 47 SME IPOs we have tracked with a final GMP under 10%, 18 listed above, 10 flat and 19 below the issue price; Shivchem Agro listed flat.

See the full Shivchem Agro GMP history and trend, or learn how grey market premium works and how reliable it is.

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