Shivchem Agro Limited IPO
Shivchem Agro Limited IPO
SME BSE SME Open

Price Band

₹59 - ₹62

Total Issue

₹14 Cr

Bid Dates

28 Sep - 30 Sep

Subscription

0.11x

Est. GMP

₹6 (9.68%)

Website RHP

Valuation

Market Cap

₹46.70 Cr

P/E Ratio

10.06x

P/B Ratio

2.53x

Shivchem Agro IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Shivchem Agro Limited is an ISO certified agrochemical company incorporated in 2021, engaged in manufacturing and sale of agricultural formulations comprising insecticides, fungicides, herbicides, plant growth regulators, rodenticides and fertilizers. The Company holds licenses to manufacture 176 agrochemical products under the Insecticides Act, 1968 (88 insecticides, 40 fungicides, 37 herbicides, 8 plant growth regulators, 3 rodenticides), and 82 fertilizers under the Fertilizer Control Order, 1985. Its manufacturing facility is in Jhajjar, Haryana, spanning 22,680 sq. ft. The Company sells across eight states through 685 distributors as of March 31, 2026.

Lots & IPO Size

Shivchem Agro IPO Lot Size

Lot Information for Shivchem Agro IPO
Category Lots Shares Amount
Ind (Min) 2 4,000 ₹2,48,000
Ind (Max) 2 4,000 ₹2,48,000
S-HNI (Min) 3 6,000 ₹3,72,000
S-HNI (Max) 8 16,000 ₹9,92,000
B-HNI (Min) 9 18,000 ₹11,16,000
Allocate Funds
Market Maker
₹1.14 L
Employee
₹0.00
Shareholder
₹0.00

Shivchem Agro IPO Size

Total ₹14 Cr
Fresh Issue
₹14 Cr (0.23 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of the Issue

Funding the working capital requirements of the Company

₹6.90 Cr

Repayment/prepayment of certain loans availed by the Company

₹3.50 Cr

General Corporate Purposes & Issue Expenses

₹3.61 Cr

Total

₹14.01 Cr

Shivchem Agro IPO Live Subscription

Live

Updated as on 9/28/2026 5:00:00 PM

Shivchem Agro IPO Subscription Status (BSE SME)
Category Sub (x) Offered Bids Amount(Cr)
QIB 0.00x 1,08,000 0 -
NII 0.14x 10,14,000 1,38,000 0.86
bHNI 0.17x 6,76,000 1,14,000 0.71
sHNI 0.07x 3,38,000 24,000 0.15
Individual 0.10x 10,24,000 1,00,000 0.62
Total 0.11x 21,46,000 2,38,000 1.48

Subscription figures exclude Anchor investor and Market Maker portions. Data is sourced from NSE and BSE on an "AS IS" and "AS AVAILABLE" basis without any warranty

Updated as on 9/28/2026 5:00:00 PM

Shivchem Agro IPO Details Live GMP

GMP ₹6
Est. Price ₹68
Est. Gain 9.68%

Shivchem Agro IPO Peer Comparison

(Rs. in crores)

Shivchem Agro IPO Peer Comparison Table
Particulars Shivchem Agro Super Crop Safe Sikko Industries
Revenue 33.82 53.13 65.01
PAT 3.25 2.10 5.11
EPS (₹) 6.16 0.52 0.33
NAV (₹) 24.50 7.80 1.98
RONW 28.76% 6.69% 5.92%
EBITDA 17.69% 7.34% 9.76%
PAT Mrgn 9.61% 3.95% 7.85%
PE Ratio 10.06 27.83 15.21
Debt to Equity 0.56 1.33 0.14

All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 31, 2026 for Peers

Shivchem Agro IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Shivchem Agro IPO
Particulars Mar-26 Mar-25 Mar-24
Revenue 33.82 27.47 10.94
Profit 3.25 2.60 1.29
Net Worth 12.92 9.67 1.50
Borrowings 7.28 8.26 7.10
Assets 45.04 36.29 16.41
NAV (₹) 24.50 44.46 10.01
EPS (₹) 6.16 11.96 8.62

Key Performance Indicators (KPIs)

All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.

Financial Margin Trends

Shivchem Agro IPO Financial Statements

(Rs. in crores)

Profit and Loss Statement for Shivchem Agro Limited IPO (Rs. in Cr)
Particulars Mar-26 Mar-25 Mar-24
Revenue from Operations 33.82 27.47 10.94
Other Income 0.02 0.04 0.01
Total Income 33.84 27.50 10.95
Cost of Revenue 15.43 20.15 11.00
Changes in Inventories 3.23 -4.91 -5.36
Employee Benefits Expense 3.92 3.31 1.66
Finance Costs 1.34 0.72 0.16
Depreciation & Amortisation 0.26 0.12 0.05
Other Expenses 5.25 4.59 1.71
Total Expenses 29.44 23.98 9.22
Profit Before Tax 4.40 3.52 1.73
Tax Expense 1.15 0.92 0.43
Profit After Tax 3.25 2.60 1.29
EPS — Basic (₹) 6.16 11.96 8.62
EPS — Diluted (₹) 6.16 11.96 8.62

Promoter Holding

Promoter

92.73%

Public

7.27%

Rohit Agarwal 44.57%
Sachin Agarwal 44.57%
Richa Agarwal 2.59%
Deepa Agarwal 1.00%

Management

Sachin Agarwal Age: 42
MD

Remuneration

₹₹6.00 Lakhs p.a. (FY26 actual paid; no contractual cap disclosed)

Education

B.Sc. (Chhatrapati Shahu Ji Maharaj University, Kanpur)

Prior Experience

Proprietor, M/s Goyal Trading Co.; over 6 years in market development, distribution channel management, HR & administration.

Pawan Kumar Agrawal Age: 50
CFO

Remuneration

₹Nil (joined May 28, 2026, after FY26 close; no contractual cap disclosed)

Education

Chartered Accountant; B.Com & LLB (University of Rajasthan)

Prior Experience

20+ years in finance, accounting, taxation & corporate finance; previously with Gannon Dunkerley & Co., Gulshan Polyols, Indo Gulf Fertilisers, Reliance Infocomm.

Registrar & Lead Managers

Registrar

Maashitla Securities

Lead Managers (1)

Shannon Advisors

Company Details

Name: Shivchem Agro Limited

Address: https://www.shivchemagro.com

Number: +91 11 46008555

Email: compliance@shivchemagro.com

Website: https://www.shivchemagro.com

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Frequently Asked Questions (FAQs)

What is Shivchem Agro IPO?
Shivchem Agro IPO is a SME IPO having an issue size of ₹14 Crs. Shivchem Agro IPO is priced at ₹59 - ₹62 per share. The issue opens on 28 Sep 26 and closes on 30 Sep 26.
When will Shivchem Agro IPO open?
Shivchem Agro IPO opens on 28 Sep 26 and closes on 30 Sep 26.
What is the GMP of Shivchem Agro IPO?
The estimated Grey Market Premium of Shivchem Agro IPO is ₹6 per share (9.68%).
What is the lot size of Shivchem Agro IPO?
The minimum lot size of Shivchem Agro IPO is 2000 shares & the minimum application amount is Rs. 124000.
When is the allotment of Shivchem Agro IPO?
The allotment date of Shivchem Agro IPO is 01 Oct 26.
What is the listing date of Shivchem Agro IPO?
The listing date of Shivchem Agro IPO is 06 Oct 26.
What is the subscription of Shivchem Agro IPO?
Shivchem Agro IPO is subscribed 0.11 times.
What is the price band of Shivchem Agro IPO?
Shivchem Agro IPO is priced at ₹59 - ₹62 per share.
How to check allotment status of Shivchem Agro IPO?
Click the allotment link on Shivchem Agro IPO page of IPO360.
How to apply Shivchem Agro IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Shivchem Agro IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Shivchem Agro IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Shivchem Agro IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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