Shiv Texchem IPO to open on October 8: From price band to lot size, all you need to know

Shiv Texchem IPO will open for subsciption on Tuesday, October 8. The initial public offering of importer and distributor of hydrocarbon-based chemicals, which has set a price band of ₹158 to ₹166 per share, will conclude on Thursday, October 10.

The ₹101.35 crore initial share sale is entirely a fresh issue of 61.05 lakh shares. There is no offer-for-sale (OFS) component involved.

According to the red herring prospectus (RHP), the company will use ₹75 crore for the working capital requirement. A portion will also be utilised for general corporate purposes.

Investors can apply for at least one lot comprising 800 equity shares worth ₹1,32,800, and high-net-worth individuals (HNIs) can bid for at least two lots worth ₹2,65,600.

The company has set aside 50% of the net issue for qualified institutional buyers (QIBs), 35% for retail individual investors, and the remaining 15% for non-institutional investors (NIIs).

Shiv Texchem IPO: Key dates

• Bidding period: October 8 to October 10
• Allotment finalisation: October 11
• Refund initiation: October 14
• Demat transfer: October 14
• Listing: October 15

About Shiv Texchem Limited

Shiv Texchem, established in 2005, is a key player in importing and distributing hydrocarbon-based chemicals. It specialises in acetyls, aromatics, nitriles, alcohols, glycols, phenolics, monomers, isocyanates and ketones.

These chemicals are important raw materials in industries such as paints, printing inks, coatings, pharmaceuticals, agrochemicals, speciality polymers, and industrial chemicals.