
Emerging SME Services · BSE
Shivam Chemicals Limited, formerly known as Sun Organosys Private Limited, has been a trusted player in the chemical manufacturing sector since its inception in 2010. Specializing in the production of poultry feed supplements, Di Calcium Phosphate (Feed Grade), Mono Calcium Phosphate (MCP), Limestone Powder, Soya De-Oiled Cake, and Magnesium Oxide for cattle, the company has built a strong reputation for quality and reliability. With a robust marketing network, it has successfully distributed over 2.50 Lakh metric tons of products, exceeding INR 7,500 million in cumulative value. Committed to continuous growth, Shivam Chemicals has expanded its operations through strategic initiatives, including the establishment of a wholly-owned subsidiary with substantial manufacturing capacity in Dahej, Gujarat. Accredited by top international regulatory authorities and equipped with state-of-the-art machinery, the company remains dedicated to innovation, quality, and customer satisfaction, forging lasting partnerships in the global market.
Price Band
₹44
Issue Size
₹20.18 Cr
Lot Size
3000 shares
GMP
+4.5%
Est. Listing
₹46
at current GMP
Subscribed
6.66x
overall
Open
23 Apr 2024
Close
25 Apr 2024
Allotment
26 Apr 2024
Refund
27 Apr 2024
Demat Credit
28 Apr 2024
Listing
30 Apr 2024
Overall Subscription
6.66x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
4.43x
High Net-Worth
Retail (RII)
8.88x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 2,178,000 | 9,657,000 | 4.43x |
| RETAIL | 2,178,000 | 19,350,000 | 8.88x |
| Total | 4,356,000 | 29,007,000 | 6.66x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 535 | 4,751 | 8.88x |
| HNIs (10L +) | 3 | 13 | 4.43x |
| HNIs (2-10L) | 16 | 71 | 4.43x |
| Total Applications | 554 | 4,835 | 8.73x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Shivam Chemicals Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹20.18 Crores. The shares are offered at a price band of ₹44 to ₹44 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,32,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-04-28, while un-allotted funds or UPI block mandates will be released on 2024-04-27.
The latest Grey Market Premium (GMP) for Shivam Chemicals Limited IPO is ₹2 per equity share. Based on the upper price band of ₹44 to ₹44 per equity share, the estimated listing price is ₹46 (+4.5% expected listing gain).
With a lot size of 3000 shares and current GMP of ₹2, the expected profit per application lot is approx ₹6,000 (+4.5% gain). Minimum application cost is approx ₹1,32,000.
The Shivam Chemicals Limited IPO aggregate issue size is ₹20.18 Crores with an equity price band set at ₹44 to ₹44 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,32,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 6.66x (Retail: 8.88x, QIB: 0.00x, NII: 4.43x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2024-04-26. Investors can verify status using PAN card or application number.
Shivam Chemicals Limited shares are scheduled to list on BSE on 2024-04-30.