The shares of Shivam Chemicals debuted with a top rate of 9% on the BSE SME platform. The inventory became listed at Rs forty eight as against a mission ticket of Rs 44.
Sooner than the debut, the firm's shares traded with a marginal top rate of Rs 2 within the unlisted market.
The IPO, which became a novel fairness reveal of 45.8 lakh shares, obtained a tight response from merchants with an overall subscription of 6 times at end.
Internet proceeds from the public supply are proposed to be extinct for funding working capital requirements, funding in subsidiary and fashioned company functions.
The firm is a manufacturer of Hydrated Lime (Calcium Hydroxide) and a distributor of a broad decision of merchandise equivalent to Poultry feed complement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, and loads others.
With successfully off experience, Shivam Chemicals has constructed a successfully-established marketing and marketing network all over India and distributes animal feed merchandise for assorted successfully-renowned producers.
Over time, it has efficiently equipped over 2.5 lakh metric a complete bunch a broad decision of merchandise. The cumulative price of those equipped merchandise exceeded Rs 750 crore.
With a median month-to-month gross sales volume of two,650 metric loads, the firm maintains a fixed presence and contributes to the usual plod alongside with the circulation of merchandise within the market.
The firm has no longer too long within the past established a completely-owned subsidiary Shivam Chemicals and Minerals with a manufacturing skill of 60,000 MT. They are engaged within the manufacturing of Hydrated lime (Calcium hydroxide).
The Indian animal feed market size reached Rs 95,670 crore in 2022. Having a search forward, IMARC Community expects the market to reach Rs 1.57 lakh crore by 2028, exhibiting a enhance rate (CAGR) of 8.2% throughout 2023-2028.
For the length ended December 2023, the firm reported revenues of Rs 107 crore and the profit after tax became at Rs 70 lakh.
Aryaman Financial Services and products acted as the guide-operating lead supervisor to the IPO, whereas Cameo Corporate Services and products became the registrar.
