SA

Shivchem Agro IPO

GMP, Subscription, Price, Allotment, Listing Date & AI Prediction

Open

BSE SME

PRICE BAND

Rs 59 - 62

LOT SIZE

4,000

Shares

MIN INVEST

Rs 2.5L

CUT-OFF

Rs 62

per share

Open

28 Sept 2026

Last Day

30 Sept 2026

Allotment

01 Oct 2026

Expected Refund

02 Oct 2026

Listing

06 Oct 2026

GMP Today

5h ago

+9.7%

+Rs 6 premium

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GMP Graph

Est. Listing Price

GMP Based

Rs 68

Issue Price + GMP (Dynamic)

Est. Profit (1 Lot)

GMP Based

+Rs 24,000

+9.7% (4000 shares)

Subscription

0.11x

Day 2 - Live

Sub. Page
IPOGyani AI Engine - Live Prediction
0.0%

Range: 0.0% to 4.0%

Confidence: Moderate - 50%

Confidence Score - 50%

📈 GMP Trend⚓ Anchor Quality🧠 Sentiment 50/100📊 Sub 0.11x🏭 Agro Chemicals
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Current IPO Status: open

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About Shivchem Agro

Agro Chemicals

Incorporated in September 2021, Shivchem Agro operates a manufacturing facility at Village Barhana, Tehsil Beri, District Jhajjar, Haryana. As of March 31, 2026, the company had 685 distributors across eight states and five godowns. Its licensed portfolio included 176 agrochemical products comprising 88 insecticides, 40 fungicides, 37 herbicides, 8 plant growth regulators and 3 rodenticides, along with authorization for 82 fertilizers. The company had 66 permanent employees as of March 31, 2026. Its manufacturing facility includes an Effluent Treatment Plant and Wet Scrubber Unit.

IPO_DETAILS_LONG: Shivchem Agro IPO is a BSE SME book-building issue of 22,60,000 equity shares of face value ₹5 each aggregating up to ₹14.01 Cr at the upper price band. The issue is entirely a fresh issue with no OFS. The price band is ₹59 to ₹62 per share and the stated market lot is 2,000 shares. The minimum retail application is 4,000 shares, or two lots, amounting to ₹2.48 lakh at the upper band. The IPO opens on September 28, 2026 and closes on September 30, 2026. Allotment is scheduled for October 1, refund and share credit for October 5, and listing on BSE SME is scheduled for October 6, 2026. The issue includes a 1,14,000-share market maker reservation. The company proposes to use ₹6.90 Cr for working capital, ₹3.50 Cr for repayment/prepayment of certain loans, and the balance for general corporate purposes.

Issue Details

Total Issue Size

Rs 14.01 Cr

Issue Size for Retail

Rs 6.69 Cr

Fresh Issue vs OFS

Fresh Issue
Rs 14.01 Cr (100%)

Reservation Quota

QIB

5.03%

Retail

47.72%

NII

47.25%

Lead Manager

Shannon Advisors Private Limited

Registrar

Maashitla Securities Private Limited

Objects of the Issue (as per DRHP)

  • 1Funding the working capital requirements of the Company - 6.90 Cr
  • 2Repayment/prepayment, in full or part, of certain loans availed by the Company - 3.50 Cr
  • 3General Corporate Purposes - balance of net proceeds after the above specified objects and issue expenses

Key Performance Indicator (KPI)

KPIMar 31, 2025Mar 31, 2026
ROE45.57%28.76%
ROCE31.99%30.04%
Debt/Equity0.850.56
RoNW46.57%28.76%
PAT Margin9.47%9.61%
EBITDA Margin15.75%17.69%
Price to Book Value2.53
Check IPO Peer Comparison here.
Pre IPOPost IPO
EPS (Rs)6.164.31
P/E (x)10.0614.39
Promoter Holding92.73%64.91%
Market CapRs 46.70 Cr.

Rohit Agarwal; Sachin Agarwal; Deepa Agarwal

Shivchem Agro Financials

Company financial data by reporting period. Amounts in Rs crore; ratios and percentages as labelled. A dash means not available, not zero.
MetricFY24FY25FY26
Total IncomeRs 10.95 CrRs 27.5 CrRs 33.84 Cr
Net Profit (PAT)Rs 1.29 CrRs 2.6 CrRs 3.25 Cr
EBITDARs 1.93 CrRs 4.32 CrRs 5.98 Cr
BorrowingsRs 7.1 CrRs 8.26 CrRs 7.28 Cr
ROE151.37%45.57%28.76%
ROCE37.55%31.99%30.04%
Debt/Equity4.730.850.56
AssetsRs 16.41 CrRs 36.29 CrRs 45.04 Cr

Company Financials

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MARKET SENTIMENT SCORE

0
50
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NA

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Company Contact Details

Unit No. 703, 704, Amba Tower, Plot No. 2, Community Centre, D.C. Chowk, Sector-9, Rohini, Sec-11, North West Delhi, New Delhi - 110085
+91 11 46008555
[email protected]
Visit Website

Green Flags

  • Revenue increased from ₹10.95 Cr in FY24 to ₹33.84 Cr in FY26.
  • PAT increased from ₹1.29 Cr in FY24 to ₹3.25 Cr in FY26.
  • FY26 EBITDA margin was 17.69%.
  • FY26 ROCE was 30.04%.
  • Debt/equity improved from 4.73x in FY24 to 0.56x in FY26.
  • Distribution network reached 685 distributors across eight states by March 31, 2026.
  • Broad product portfolio covering crop protection and fertilizer products.

Red Flags

  • FY26 PAT margin was 9.61%, below the 11.82% reported in FY24.
  • ROE declined from 151.37% in FY24 to 28.76% in FY26.
  • The business operates at relatively small scale compared with larger agrochemical companies.
  • The company depends on agricultural demand, weather conditions, product regulations and raw material availability.
  • Working-capital requirements are a significant use of the IPO proceeds.
  • The IPO is an SME issue with a minimum retail application of ₹2.48 lakh at the upper price band.
  • === END ===

Grey Market Premium

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Frequently Asked Questions

What is the price band of Shivchem Agro IPO?

The price band is Rs 59-62 per share. One lot contains 4000 shares; its value at the upper price is Rs 2,48,000. Check the issue terms for the minimum application size applicable to your category.

What are the bidding dates for Shivchem Agro IPO?

The scheduled bidding period is 28 Sept 2026 to 30 Sept 2026.

When is Shivchem Agro IPO scheduled to list?

The scheduled listing date is 6 Oct 2026. The actual listing price is determined on the exchange, not by the grey market premium or an AI estimate.

Who is the registrar for Shivchem Agro IPO?

Maashitla Securities Private Limited is the registrar. See the allotment page for the available schedule and official checking link.

Who manages Shivchem Agro IPO?

Lead manager information recorded for this issue: Shannon Advisors Private Limited.

Disclaimer

IPOGyani is not SEBI registered and does not provide investment advice. All information is for educational purposes only.

AI predictions are probabilistic estimates based on historical data and market trends. Past performance is not indicative of future results.

GMP (Grey Market Premium) data is sourced from various unofficial channels and may not be accurate. Always verify from multiple sources.

Investors should do their own research (DYOR) and consult a SEBI registered advisor before investing.

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