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SHIVCHEMSMELISTEDBSE

Shivchem Agro Limited

Capital Goods & Infrastructure • Total Issue: ₹14 Cr

Grey Market Premium
+₹4.92(+7.94%)
Indicative Listing: ₹66.92
Source: IPOAlerts • Updated 30/9/2026
Price Band & Minimums
Offer Price Band
₹59.00 - ₹62.00
Lot Size
2000 shares
Min Investment
₹1,24,000
Subscription Status
0.00x
Bidding in Progress
Final cumulative subscription
Estimated Listing Gain
+7.94%
Indicative listing: ₹66.92
Calculated from unofficial GMP, not an actual listing-day return.

Category-Wise Subscription Breakdown

Final cumulative subscription · Overall 0.00x

QIB
0.00x
Final bids
NII
0.00x
Final bids
Retail
0.00x
Final bids
Employee
0.00x
Final bids
Total
0.00x
Final bids

Valuation Multiples & Key Ratios

P/E Ratio
18.40x
Market Cap
₹1450.00 Cr
EPS
₹3.37
RoNW
19.80%
NAV / Share
₹14.76
P/B Ratio
4.20x
NSE Market Pulse ResearchSector Climate: PREMIUM

Sector Valuation Anchors & Multiples

Comparing Shivchem Agro Limited asking multiples against official 10-year historical sector norms for Capital Goods & Infrastructure.

View Source Report
Price to Earnings (P/E)
IPO Asking P/E:18.40x
Sector Current P/E:34.60x
10-Yr Historical Mean:28.20x
-34.8% discount vs 10Y mean
Asset & Earnings Ratios
IPO Asking P/B:4.20x
Sector P/B Ratio:4.20x
Sector YoY Earnings Growth:+21.50%
Sector Dividend Yield:0.85%
Institutional Net Flows
FII Net Flow (Monthly):₹2190.00 Cr
NSE Commentary:

“Robust sovereign capital outlay and multi-year order backlogs support elevated multiples.”

Educational Context Only: Official benchmarks published by NSE Economic Policy & Research — Market Pulse. Valuations provide macro reference and do not constitute investment advice.
Sector ID: INFRASTRUCTURE

Grey Market Premium (GMP) History

Real-time multi-observation premium trend line and daily price movements.

Latest GMP
+₹4.92
Peak GMP
+₹9.77
Observations
4 points
30 Sept:+₹4.92Est Gain: +7.9%
₹11₹8₹6₹3₹027 Sept28 Sept29 Sept30 Sept
Historical Daily Observations (4)
27 Sept
+₹6.00
28 Sept
+₹6.00
29 Sept
+₹9.77
30 Sept
+₹4.92

IPO Timeline & Schedule

Bidding Opens
2026-09-28
Bidding Closes
2026-09-30
Allotment Date
2026-10-01
Refunds Init
2026-10-05
Demat Credit
2026-10-05
Listing Date
2026-10-06

About Shivchem Agro Limited

Shivchem Agro manufactures and distributes a wide range of agrochemicals and fertilizers designed for crop protection and yield enhancement. The company’s portfolio includes insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and various fertilizers. Operating from a manufacturing facility located in Jhajjar, Haryana, the business formulates chemical solutions to address diverse farming requirements. Shivchem Agro generates its revenue primarily through the sale and distribution of these agrochemical formulations across domestic markets, including Andhra Pradesh, Assam, Haryana, Telangana, Odisha, and Bihar. The company sells its offerings through an extensive distribution network, supported by strategically leased godowns across multiple Indian states to facilitate product supply and timely delivery. Raw materials are sourced from third-party suppliers on a purchase order basis to maintain continuous production. Shivchem Agro focuses on expanding its product portfolio, optimizing manufacturing capacity, and strengthening its regional market presence to effectively serve agricultural needs.

Key Business Strengths

  • Portfolio of 176 agrochemicals and 82 fertilizers.
  • In-house manufacturing facility in Jhajjar, Haryana.
  • Network of 685 distributors across key domestic markets.
  • Strategically located 5 godowns ensuring efficient regional product supply.
  • Allocation of IPO funds for working capital expansion.

Key Risks & Challenges

  • Vulnerability to seasonal weather and monsoon variations.
  • Mandatory statutory approvals and regulatory compliances.
  • High working capital needs and history of negative cash flows.
  • Raw material price fluctuations without long-term contracts.
  • Operations conducted on leased plant and warehouse properties.

Transparency & Informational Notice

Grey Market Premium (GMP) is unofficial, unregulated market pricing gathered from market participants and brokers. It is provided for educational and observation purposes only and does not represent guaranteed listing price or investment advice.