Shiv Texchem IPO allotment: How to check status online on BSE, Link Intime

Shiv Texchem IPO share allotment status is expected to be finalised on Friday, October 11, after the public offer closed with strong subscription.

The BSE SME issue was open for bidding from October 8 to October 10.

The bidders, who participated in the IPO subscription, are now waiting for the IPO allotment status to be finalised by Shiv Texchem Limited.

The investors can check the IPO share allotment status on the websites of the BSE and the issue registrar, Link Intime India Private Ltd.

Steps to check Shiv Texchem IPO allotment status on BSE website

• To check Shiv Texchem IPO allotment status on the BSE website, visit the BSE IPO allotment page using this link: https://www.bseindia.com/investors/appli_check.aspx.
• In the ‘Issue Type’ menu choose ‘Equity’
• From the ‘Issue Name’ list, select ‘Shiv Texchem’
• Type in details such as your Application Number or PAN
• Complete the captcha verification
• Click on the ‘Search’ button
• The share allotment status will be shown on your screen

How to check Shiv Texchem IPO share allotment on Link Intime India

• Visit Link Intime India Pvt Ltd by using this link: https://www.linkintime.co.in/
• Head to the Investor Services tab and select Public Issues
• Select ‘Shiv Texchem’ from the drop-down menu
• Type in details such as application No, DP/Client ID, PAN, or Account No / IFSC
• Click ‘Submit’ to check share allotment status

Shiv Texchem IPO subscription, price band and lot size

The ₹101.35-crore book building issue of Shiv Texchem Limited comprised a completely fresh issue of 61.06 lakh shares.

Shiv Texchem IPO received bids for more than 63.6 crore shares against 40.6 lakh shares on offer, leading to an overall booking of 156.62 times across all investor categories.

Refunds will be initiated for unsuccessful bidders on October 14 and successful bidders will also receive shares of Shiv Texchem in their Demat accounts the same day.

Shiv Texchem IPO listing date has been tentatively fixed as October 15. Shares of Shiv Texchem will be listed on the BSE SME platform.

Shiv Texchem IPO price band was fixed at ₹158 to ₹166 per share. The minimum lot size for retail investors was fixed at 800 shares which aggregated to a minimum investment of ₹1,32,800.

Shiv Texchem IPO Objective

The company plans to use the proceeds of the public issue for meeting long-term working capital requirements and general corporate purposes.

About Shiv Texchem

Shiv Texchem was established in 2005. The company imports and distributes hydrocarbon-based secondary and tertiary chemicals. The products manufactured by the company are used as raw materials by industries such as paints and coatings, agrochemicals, speciality polymers, pharmaceuticals and other industries. The company employed 50 permanent workers as of March 31, 2024.