Shivchem Agro IPO
Shivchem Agro IPO Listing Day Performance
Shivchem Agro listed on BSE SME on 06 October 2026 at ₹62.00, a 0% premium over the issue price of ₹62. A retail investor allotted the minimum application of 4,000 shares (2 lots) gained ₹0 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹1.5 (+2.4%) |
| GMP-implied listing | ₹64 |
| Actual listing | ₹62.00 |
| Difference | −₹1.5 (−2.4%) |
Demand going into listing
| Subscribed overall | 2.25× |
| QIB | 1× |
| NII | 1.12× |
| Retail | 3.5× |
Market Sentiment
IPO Details
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 |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
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 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Shivchem Agro This IPO | 6.16 | - | 28.76 | 24.50 | - |
| 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
- Revenue grew 23% in the latest reported year.
- Solid profit margin — 9.6%.
- Strong return on equity — 29%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
From this issue's live data. Not investment advice — read the RHP.
Company Information
Shivchem Agro at a glance
From the company's description: “Set up in September 2021, Shivchem Agro is an agrochemical firm that manufactures, distributes, and sells agricultural formulations.”
Shivchem Agro is raising ₹14.01 crore through an IPO on the BSE SME. All of it is a fresh issue: there is no offer for sale, so every rupee raised goes to the company rather than to selling shareholders. Main stated uses of the fresh money: Funding the working capital requirements of the Company (₹10.7 crore) and Repayment/prepayment, in full or part, of certain loans availed by the Company (₹6 crore).
Revenue went from ₹10.95 crore in 2024 to ₹33.84 crore in 2026, up 209% over 2 years. Profit after tax went from ₹1.29 crore to ₹3.25 crore, a net margin of 9.6% in the latest year.
Debt stands at 0.56 times equity.
Written from the issue's offer-document figures shown on this page. Not investment advice.
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.
Shivchem Agro IPO: Lead Manager & Registrar Track Record
How the firm running this issue and its registrar have fared on the other IPOs we track. Each firm's figures leave out Shivchem Agro itself, so they describe what came before it.
- Shivchem Agro listed at +0% on day one; the median of 193 listings was +1.7% (better than 30% of them).
- Subscribed 2.25x against a median of 4.03x across 192 issues (higher than 38%).
- Average listing-day move across all 194 SME listings we track: +11.6%.
| Firm | Other IPOs | Listed at / above issue | Avg move | Median |
|---|---|---|---|---|
| Shannon Advisors Pvt. Ltd. Lead manager | 2 1 MB · 1 SME | 50% 1 of 2 | +4.8% | +4.8% |
| Maashitla Securities Pvt. Ltd. Registrar | 32 0 MB · 32 SME | 78% 25 of 32 | Check allotment → | |
Recent listings managed by Shannon Advisors Pvt. Ltd. (2)
Best: Sai Urja +18.4% · Weakest: Skyways Air −8.8%
| IPO | Listed | Listing-day move |
|---|---|---|
| Sai Urja | 05 Oct 2026 | +18.4% |
| Skyways Air | 01 Sep 2026 | −8.8% |
A SEBI-registered merchant banker that runs the issue: due diligence, drafting the offer document, setting the price band with the company, and marketing the IPO to investors.
Finalises the basis of allotment, credits shares to demat accounts, releases blocked funds for unsuccessful bids and handles investor queries about the issue.
Listing-day move = exchange opening price vs issue price (band ceiling where the final price isn't recorded). Counts cover IPOs we track only. Past listings don't predict this one; this is not investment advice.
Frequently Asked Questions
Shivchem Agro IPO GMP — What It Means
Its last GMP before listing was 2.4%. Of the 54 SME IPOs we have tracked with a final GMP under 10%, 21 listed above, 14 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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