Shiv Texchem IPO subscription was started on Tuesday, October 8, and will close on October 10 as per the schedule. The price band is fixed ₹158 to ₹166 Per Share, with a face value of ₹10. The market lot of the IPO is 800 shares.
Shiv Texchem IPO Subscription Status:
- Shiv Texchem IPO subscription status is 11.58 times on day 2 till 5:00 PM on Wednesday, October 9.
- The retail portion was subscribed 14.54 times, the QIB portion was subscribed 3.22 times and the NII portion was subscribed 15.81 times.
- The company has received bids for 4,70,19,200 shares against 40,60,800 shares on offer on the last day.
- Shiv Texchem IPO subscription status was 3.79 times, on day 1.
Shiv Texchem Limited was established on March 31, 2005, as a private limited company under the Companies Act, 1956 registered with the Registrar of Companies, Mumbai. and is well-known for the business of importing and distributing hydrocarbon-based chemicals of the product family, moreover, it has the main role that sourcing these chemicals for overseas producers and suppliers and also redistributing them for domestic industries.
Alcohol, Aromatics, Monomers, and Isocyanates are the major raw materials that have been playing a major role in paint, printing inks, and agrochemical products.
Furthermore, the company has a substantial total income such as 1,53,668.79 lakhs for 2024, ₹1,11,866.98 lakhs for the previous year, and ₹86,547.46 lakhs, for 2022. For the consumer’s satisfaction, it also has well educated team with extensive experience. Approximately 21 product portfolios have been enlarged in 2022 and 39 in 2024.
Shiv Texchem IPO GMP:
Shiv Texchem IPO GMP was ₹35 as of Wednesday, October 9. That indicates the IPO is trading at ₹201 with ₹35 premium in the grey market against the issue price of ₹166.
