Shivchem Agro IPO
Shivchem Agro IPO is a ₹14.01 Cr fresh issue opening on September 28, 2026, with a price band of ₹59 to ₹62 per share and listing on BSE SME.
Shivchem Agro IPO Details
Shivchem Agro IPO overview provides a concise summary of the company and its upcoming public issue. This section covers key IPO details such as the issue size, price band, fresh issue or offer for sale, important dates, lot size, listing details, and other essential information to help investors understand the public offering.
Shivchem Agro IPO Timeline (Tentative)
Shivchem Agro IPO timeline highlights the important dates associated with the public issue. It includes the IPO opening and closing dates, basis of allotment, initiation of refunds, credit of shares to demat accounts, and the expected listing date, helping investors track the key stages of the IPO process.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Mon, Sep 28, 2026 |
| IPO Close Date | Wed, Sep 30, 2026 |
| Basis of Allotment | Thu, Oct 1, 2026 |
| Initiation of Refunds | Mon, Oct 5, 2026 |
| Credit of Shares to Demat | Mon, Oct 5, 2026 |
| Listing Date | Tue, Oct 6, 2026 |
| IPO Opens | September 28, 2026 |
| IPO Closes | September 30, 2026 |
| Basis of Allotment | October 1, 2026 |
| Refund Initiation | October 5, 2026 |
| Credit of Shares to Demat | October 5, 2026 |
| Listing Date | October 6, 2026 |
Shivchem Agro IPO Lot Size
Shivchem Agro IPO lot size explains the minimum number of shares that an investor can apply for in a single IPO application. The lot size table provides details of the minimum lot, number of shares per lot, and the corresponding investment amount at the applicable IPO price, allowing investors to understand the minimum investment required.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,48,000 |
| Retail (Max) | 2 | 4,000 | ₹2,48,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,72,000 |
| S-HNI (Max) | 8 | 16,000 | ₹9,92,000 |
| B-HNI (Min) | 9 | 18,000 | ₹11,16,000 |
Shivchem Agro IPO Reservation
Shivchem Agro IPO reservation explains how the shares offered through the public issue are allocated among different investor categories. This section provides details of the reservation for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), and other eligible categories, as applicable under the IPO structure.
Shivchem Agro IPO Subscription
Shivchem Agro IPO subscription status shows the level of demand received during the IPO bidding period. This section provides category-wise subscription details for Retail Individual Investors (RIIs), Non-Institutional Investors (NIIs), Qualified Institutional Buyers (QIBs), and the overall issue, based on the bids received during the subscription period.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Shivchem Agro
Shivchem Agro Limited is an agrochemical company incorporated in 2021 and based in India. The company manufactures, stocks, distributes and sells agricultural formulations used for crop protection and productivity. Its product portfolio includes insecticides, fungicides, herbicides, plant growth regulators, rodenticides and fertilizers.
The company states that it is certified under ISO 9001:2015, ISO 22000:2018 and ISO 31000:2018 standards. It is licensed under the Insecticides Act, 1968 to manufacture 176 agrochemical products, comprising insecticides, fungicides, herbicides, plant growth regulators and rodenticides. It is also authorised to manufacture 82 fertilizers under the Fertilizer Control Order, 1985.
The company has a distribution network covering Andhra Pradesh, Telangana, Odisha, Assam and Madhya Pradesh, with 516 distributors and six godowns as of March 31, 2025. Its manufacturing facility is located in Jhajjar, Haryana and includes pollution-control infrastructure such as an Effluent Treatment Plant and Wet Scrubber Unit.
As of August 31, 2025, the company had 59 permanent employees.
Strengths
- Diversified portfolio of insecticides, fungicides, herbicides, plant growth regulators, rodenticides and fertilizers.
- Distribution network of 516 distributors as of March 31, 2025.
- Presence across multiple Indian states.
- Product demonstrations conducted in the field.
- Manufacturing facility capable of producing a broad range of products.
- Automated filling and packaging machinery.
- ISO 9001:2015, ISO 22000:2018 and ISO 31000:2018 certifications.
Risks to Consider
- The company operates in the agrochemical sector, where demand can be affected by agricultural conditions, crop cycles and seasonal factors.
- Its operations depend on regulatory approvals, licences and compliance requirements applicable to agrochemical and fertilizer products.
- The company has borrowings of ₹8.26 Cr as of March 31, 2025, compared with net worth of ₹9.58 Cr.
- The company operates a relatively young business, having been incorporated in 2021.
- The business depends on its distribution network and continued relationships with distributors across its operating markets.
- Manufacturing operations are subject to environmental, safety and pollution-control requirements.
- Working-capital requirements are an important use of the IPO proceeds, with ₹10.70 Cr proposed for this purpose.
Shivchem Agro Financials (₹ Cr)
The company's restated total income increased significantly from ₹2.28 Cr in FY2023 to ₹27.50 Cr in FY2025. PAT increased from ₹0.13 Cr to ₹2.51 Cr over the same period. Total assets increased from ₹2.75 Cr to ₹36.16 Cr, while net worth increased from ₹0.21 Cr to ₹9.58 Cr.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2023 | ₹2.28 Cr | ₹0.13 Cr | ₹2.75 Cr | ₹0.21 Cr |
| FY2024 | ₹10.95 Cr | ₹1.29 Cr | ₹16.41 Cr | ₹1.50 Cr |
| FY2025 | ₹27.50 Cr | ₹2.51 Cr | ₹36.16 Cr | ₹9.58 Cr |
KPIs & Valuation
Shivchem Agro IPO KPIs & Valuation provides key financial and valuation parameters that can help investors assess the company's performance and the pricing of the IPO. This section covers important indicators such as earnings per share (EPS), price-to-earnings (P/E) ratio, return on net worth (RoNW), net asset value (NAV), and other relevant financial metrics disclosed in the company's IPO documents.
Objects of the Issue
The proceeds from the Shivchem Agro IPO are proposed to be utilised for the purposes specified by the company in its IPO documents. The key objects of the issue include:
- Meeting the company's specified capital expenditure requirements
- Funding working capital requirements
- Supporting business expansion and growth initiatives
- General corporate purposes
- Meeting issue-related expenses
Promoters, Lead Managers & Registrar
The Registrar & BRLM section provides important information about the intermediaries involved in the Shivchem Agro IPO. It covers the Book Running Lead Manager(s) responsible for managing the public issue and the IPO registrar responsible for processing applications, maintaining application records, handling allotment-related activities, and facilitating other investor-related processes.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Maashitla Securities Pvt. Ltd. |
|---|---|
| Phone | 011-45121795 |
| investor.ipo@maashitla.com | |
| Website | https://maashitla.com/allotment-status/public-issues |
Shivchem Agro IPO Review
Shivchem Agro is an SME IPO in the agrochemical sector. The company has a portfolio covering crop-protection products and fertilizers, supported by a distribution network across multiple states. Its restated total income increased from ₹2.28 Cr in FY2023 to ₹10.95 Cr in FY2024 and ₹27.50 Cr in FY2025. PAT increased from ₹0.13 Cr in FY2023 to ₹1.29 Cr in FY2024 and ₹2.51 Cr in FY2025.
At March 31, 2025, the company reported ROE and RoNW of 45.33%, ROCE of 31.59%, PAT margin of 9.15%, EBITDA margin of 15.50% and Debt/Equity of 0.86. The IPO proceeds are primarily intended for working capital and debt repayment.
How to Apply
- Log in to your supported IPO application platform through your broker or bank.
- Select the Shivchem Agro IPO from the IPO section.
- Enter your investor category and application details.
- Select the number of lots you wish to apply for.
- Enter your UPI ID linked to your bank account.
- Submit the IPO application.
- Wait for the UPI mandate request from your bank.
- Open your UPI application and approve the mandate.
- Ensure sufficient funds are available in the linked bank account.
- Keep your application and UPI mandate details for future reference.
Prospectus & Documents
The Prospectus / Documents section provides access to important documents related to the Shivchem Agro IPO. Investors can refer to these documents for detailed information about the company, financial performance, IPO structure, objects of the issue, risk factors, shareholding, valuation-related information, and other disclosures made as part of the public offering.
Last updated Sep 23, 2026.