Shivchem Agro IPO
Updated 23 Sept 2026, 1:50 pm.
Minimum investment (Individual investors (IND))
₹2,48,000
2 lots · 4,000 shares at the upper price band
Price band
₹59–62
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹13.31 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹59–62
- Issue size
- ₹13.31 Cr
- Lot size
- 2,000
- Opens
- 28 Sept 2026
- Closes
- 30 Sept 2026
- Allotment
- 1 Oct 2026
- Listing
- 6 Oct 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Maashitla Securities Pvt.Ltd.
- Minimum investment
- ₹2,48,000 (2 lots · 4,000 shares)
- Face value
- ₹5 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Listing at
- BSE SME
- Refunds
- 5 Oct 2026
- Shares credited
- 5 Oct 2026
- Promoter holding
- 92.73% before · 64.91% after
- Lead managers
- Shannon Advisors Pvt.Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 23 Sept 2026, 2:05 pm. Verify against the RHP before applying.
IPO Details
| IPO Date | 28 to 30 Sep, 2026 |
|---|---|
| Listing Date | Tue, Oct 6, 2026 T |
| Face Value | ₹ 5 per share |
| Price Band | ₹59 to ₹62 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,60,000 shares (agg. up to ₹ 14 Cr) |
|---|---|
| Reserved for Market Maker | 1,14,000 shares (agg. up to ₹ 0.7068 Cr) |
| Fresh Issue (Ex Market Maker) | 21,46,000 shares (agg. up to ₹ 13 Cr) |
| Net Offered to Public | 21,46,000 shares (agg. up to ₹ 13 Cr) |
| Share Holding Pre Issue | 52,72,873 shares |
| Share Holding Post Issue | 75,32,873 shares |
IPO Timetable (Tentative)
- IPO Open
- Mon, Sep 28, 2026
- IPO Close
- Wed, Sep 30, 2026
- Allotment
- Thu, Oct 1, 2026
- Refund
- Mon, Oct 5, 2026
- Credit of Shares
- Mon, Oct 5, 2026
- Listing
- Tue, Oct 6, 2026
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Issue |
| NII | Not less than 15% of the Net Issue |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4000 | ₹2,48,000 |
| Individual investors (IND) (Max) | 2 | 4000 | ₹2,48,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,72,000 |
| S-HNI (Max) | 8 | 16000 | ₹9,92,000 |
| B-HNI (Min) | 9 | 18000 | ₹11,16,000 |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
IPO Subscription Details
About Shivchem Agro Ltd.
Incorporated in 2021, Shivchem Agro is an ISO 9001:2015, ISO 22000:2018, and ISO 31000:2018 certified agrochemical company based in India. The company manufactures stock, distribute, and sell a wide range of agricultural formulations, including insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilizers. These products are available in both solid (powders) and liquid (emulsifiable concentrates) forms, helping farmers improve crop protection and productivity.
Products:
Insecticides to manage pest challenges in agriculture
Fungicides used to combat fungal diseases in crops and seeds
Herbicides offer a solution to tackle unwanted plants or weeds
Plant Growth Regulators: plant hormones or vitamins
Rodenticide : Chemical substances to control rodent populations by killing or repelling
Fertilizers used to meet the needs of various soils and crops
The company is licensed under the Insecticides Act, 1968 to manufacture 176 agrochemical products-88 insecticides, 40 fungicides, 37 herbicides, 8 plant growth regulators, and 3 rodenticides-approved by the Central Insecticides Board and Registration Committee (CIBRC), Haryana. It is also authorized to manufacture 82 fertilizers under the Fertilizer Control Order, 1985.
The company is licensed to sell and distribute our products in Andhra Pradesh, Telangana, Odisha, Assam, and Madhya Pradesh, with a network of 516 distributors and 6 godowns across these states as of March 31, 2025.
Manufacturing facility: Its manufacturing facility in Jhajjar, Haryana, is equipped with modern machinery and pollution control systems, including an Effluent Treatment Plant (ETP) and a Wet Scrubber Unit.
As on August 31, 2025, its total workforce has 59 permanent employees.
Competitive strengths:
Diversified product portfolio including a wide range of insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilizers
Large and diverse Distributors and Distribution Network: As of March 31, 2025, we have 516 distributors.
On-Field product demonstrations
Manufacturing facility with ability to manufacture a wide range of products
Enhanced Efficiency through automated filling and packaging machines
Company Financials (Restated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 36.16 | 16.41 | 2.75 |
| Total Income | 27.50 | 10.95 | 2.28 |
| Profit After Tax | 2.51 | 1.29 | 0.13 |
| EBITDA | 4.26 | 1.93 | 0.18 |
| NET Worth | 9.58 | 1.50 | 0.21 |
| Reserves and Surplus | 6.95 | 1.45 | 0.16 |
| Total Borrowing | 8.26 | 7.10 | 1.28 |
| Amount in ₹ Crore |
Recently Listed IPOs in Other Agricultural Products
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Farm Peace Ltd. | SME | ₹32.00 Cr | ₹59 | 11.87 | ₹106.50 | +80.51% | ₹86.77 |
| Dhanwel Hybrid Seeds Ltd. | SME | ₹26.73 Cr | ₹99 | 10.37 | ₹94.05 | -5.00% | ₹52.89 |
| Adon Agro Commodities Ltd. | SME | ₹44.03 Cr | ₹70 | 16.22 | ₹82.16 | +17.37% | ₹99.00 |
| M R Maniveni Foods Ltd. | SME | ₹27.04 Cr | ₹52 | 18.11 | ₹41.13 | -20.90% | ₹23.60 |
| NFP Sampoorna Foods Ltd. | SME | ₹24.53 Cr | ₹55 | 16.81 | ₹51.80 | -5.82% | ₹22.55 |
| Stanbik Agro Ltd. | SME | ₹12.28 Cr | ₹30 | 5.9 | ₹33.33 | +11.10% | ₹20.01 |
| Unisem Agritech Ltd. | SME | ₹21.45 Cr | ₹65 | 12.21 | ₹61.75 | -5.00% | ₹49.00 |
| Shreeji Global FMCG Ltd. | SME | ₹85.00 Cr | ₹125 | 16.42 | ₹101.70 | -18.64% | ₹184.40 |
| Amir Chand Jagdish Kumar (Exports) Ltd. | Mainboard | ₹440.00 Cr | ₹212 | 28.86 | ₹180.00 | -15.09% | ₹205.30 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of our Company | 10.70 |
| 2 | Repayment/prepayment, in full or part, of certain loans availed by our Company | 6.00 |
| 3 | General Corporate Purpose | — |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 45.33% |
| ROCE | 31.59% |
| Debt/Equity | 0.86 |
| RoNW | 45.33% |
| PAT Margin | 9.15% |
| EBITDA Margin | 15.50% |
| NAV | 44.05 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| Market Cap at Offer Price | - | ₹46.70 Cr |
Shareholding Structure
Pre IPO
- Promoter and Promoter Group92.73%
- Public7.27%
Post IPO
- Promoter and Promoter Group64.91%
- Public35.09%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 92.73% | 64.91% |
| Public | 7.27% | 35.09% |
| Total | 100% | 100% |
Company Promoters: Rohit Agarwal, Sachin Agarwal and Deepa Agarwal.
Shivchem Agro IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
Maashitla Securities Pvt.Ltd.
011-45121795
investor.ipo@maashitla.com
IPO Lead Manager(s)
Shannon Advisors Pvt.Ltd.
Contact Details
Shivchem Agro Ltd. Address
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 4600855
compliance@shivchemagro.com
Shivchem Agro IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
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Shivchem Agro: common questions
Answered from this issue's own record.
