Shivchem Agro IPO
Day 1 of 3 of bidding · Sept 28, 2026
Shivchem Agro IPO is on Day 1 of 3 of its subscription window. The latest grey market premium is Rs 6 (9.7% over issue price). Total subscription stands at 0.09x (NII 0.12x, Retail 0.06x). Bidding closes on Sept 30, 2026 (in 2 days).
Last updated:Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Allotment Chances
Financial Analysis
| 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 |
| 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 |
Promoters: Rohit Agarwal, Sachin Agarwal and Deepa Agarwal
Strengths & Risks
- Healthy grey-market premium — +10% over the issue price.
- Revenue grew 23% in the latest reported year.
- Solid profit margin — 9.6%.
- Strong return on equity — 29%.
Risk signals for Shivchem Agro will appear here as subscription, valuation and GMP data arrive. Always read the company-specific risk factors in the RHP before you apply.
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
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.
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
| 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 has set a price band of Rs 59–Rs 62 per share for an issue size of Rs 14 crore. The SME issue is currently open for subscription and closes in 2 days on September 30, 2026.
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.
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).
Grey market is quoting a premium of +Rs 6 (+9.7% over issue price). Live demand data shows overall subscription at 0.09x, retail at 0.06x, NII at 0.12x.
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 are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Shivchem Agro IPO GMP — What It Means
The latest grey market premium for Shivchem Agro IPO is ₹6 (+9.7%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Shivchem Agro it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
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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