Shivchem Agro IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.00 | 1.00 |
| NII | 0.14 | 0.60 | 1.00 |
| RII | 0.10 | 0.68 | 3.50 |
| Total | 0.11 | 0.61 | 2.20 |
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
The Shivchem Agro IPO minimum market lot is 4000 shares with ₹2,48,000 application amount. The Shivchem Agro IPO is a SME IPO, and it is to be listed on BSE SME.
Business Overview
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 IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Shivchem Agro IPO Review and Rating
- May Apply For Long-term View
Shivchem Agro IPO Form
How to apply for the Shivchem Agro IPO? You can apply for Shivchem Agro IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shivchem Agro IPO in the Invest section. The other option is you can apply for Shivchem Agro IPO via IPO forms downloaded online. Check out the Shivchem Agro forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
