- Summary
- Shivchem Agro IPO will open on 28 September 2026 and close on 30 September 2026. The price band for the Shivchem Agro IPO is ₹59-₹62, with an issue size of approximately ₹14.01 crore.
- The company produces and distributes agricultural formulations, including insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilisers. The lot size is 2,000 shares, and the minimum and maximum individual bid lots are 2 lots (4,000 shares) at a cost of ₹2,48,000.
- The minimum application amount for S-HNIs is ₹3,72,000 for 3 lots of 6,000 shares, and the maximum is ₹9,92,000 for 8 lots of 16,000 shares.
Shivchem Agro IPO is a book-based SME IPO worth ₹14.01 crore, with 22.60 lakh shares. The IPO will be available for subscription from 28 September 2026 to 30 September 2026. The price band for the IPO will be fixed at ₹59 to ₹62 per share, and the listing of shares is scheduled on the BSE SME on 6 October 2026.
The allotment basis is likely to be available on 1 October 2026, with the refund made on 5 October 2026, along with the issuance of shares in the applicant’s account. The IPO is allotted in lots of 2,000 shares.
For an individual, the bid lot is 2 lots (4,000 shares) at a cost of ₹2,48,000; for S-HNIs, the minimum is ₹3,72,000 for 3 lots of 6,000 shares, and the maximum application amount is ₹9,92,000 for 8 lots of 16,000 shares, and Minimum lots for B-HNI is 9 lots containing 18,000 shares worth ₹11,16,000.
Shivchem Agro IPO Key Details
Here is a quick look at the important details of the Shivchem Agro IPO:
| IPO Open Date | 28 September, 2026 |
| Close Date | 30 September, 2026 |
| Face value | ₹5 per share |
| Price Band | ₹59 to ₹62 |
| Issue price | – |
| IPO Lot Size | 2,000 shares |
| Offer for sale | – |
| Fresh issue | 21,46,000 shares (~13 cr) |
| Issue Type | Bookbuilding IPO |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | 22,60,000 shares (14.01 cr) |
| Minimum Investment | ₹2,48,000 (4,000 shares) |
Shivchem Agro IPO Timeline
The key dates for the Shivchem Agro IPO are given below:
| Bidding Opens | 28 September, 2026 |
| Bidding Closes | 30 September, 2026 |
| Allotment Planned For | 1 October, 2026 |
| Refunds Start On | 5 October, 2026 |
| Share Credit to Demat | 5 October, 2026 |
| Listing Scheduled | 6 October, 2026 |
| Cut-off for UPI mandate | 30 September, 2026 5:00 PM |
Shivchem Agro Key Performance Indicators (KPIs)
Shivchem Agro IPO KPIs are presented in the following table:
| KPIs | FY 2026 | FY 2025 | FY 2024 |
| ROE (%) | 28.76% | 46.57% | 151.37% |
| ROCE (%) | 30.04% | 31.99% | 37.55% |
| Debt-Equity (times) | 0.56 | 0.85 | 4.73 |
| RoNW (%) | 28.76% | 46.57% | 151.37% |
| PAT Margin (%) | 9.61% | 9.47% | 11.82% |
| EBITDA Margin (%) | 17.69% | 15.75% | 17.64% |
| Price Book Value | 2.53 | – |
Shivchem Agro IPO Financials
Here is an overview of the company’s financial figures:
| Period | FY 2026 | FY 2025 | FY 2024 |
| Total Assets | 4,503.93 | 3,629.05 | 1,641.47 |
| Revenue from operations | 3,381.59 | 2,746.50 | 1,094.25 |
| Profit After Tax | 324.86 | 260.15 | 129.35 |
Shivchem Agro IPO Subscription Status
| Date | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Sep 28 (Day 1) | 0.00 | 0.14 | 0.17 | 0.07 | 0.10 | 0.11 |
Shivchem Agro IPO Grey Market Premium
The listing date for the Shivchem Agro IPO is expected on 6, October, 2026, with a price range of ₹59- ₹62 per equity share. Grey market premiums (GMPs) can fluctuate frequently because they are unofficial.
| GMP Date | GMP | Est. Listing Price on upper price-₹62.00 | Est. Profit* | Trend |
|---|---|---|---|---|
| 28-Sep 17:02 Sub: 0.11x O | ₹6 (9.68%) ─ | ₹68 | ₹12,000 | Stable |
| 27-Sep 23:37 | ₹6 (9.68%) ─ | ₹68 | ₹12,000 | Initial |
Note: GMP represents sentiment in the unofficial market and should not be considered an indication of assured listing returns.
Shivchem Agro IPO Reservation
The share allocation for each investor category is outlined below:
| Investor Category | Reservation |
| Market Maker | 1,14,000 |
| QIB | 1,08,000 |
| NIIs | 10,14,000 |
| Retail Investors | 10,24,000 |
| Total Shares | 22,60,000 |
Shivchem Agro IPO Lot Size
The applicable lot sizes for different investor categories are as follows:
| Application Type | Lots | Shares | Amount |
| Individual Investor – Minimum | 2 | 4,000 | ₹2,48,000 |
| Individual Investor – Maximum | 2 | 4,000 | ₹2,48,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,72,000 |
| S-HNI Maximum | 8 | 16,000 | ₹9,92,000 |
| B-HNI Minimum | 9 | 18,000 | ₹11,16,000 |
Shivchem Agro IPO Anchor Investors
The allotment status of the Shivchem Agro IPO is currently not yet available. As a result, information related to anchor bidding, share allocation, investment value, and lock-in periods will be added once it is disclosed.
Shivchem Agro IPO Prospectus
For more information on the Shivchem Agro IPO, check the links below:
About Shivchem Agro IPO
Incorporation: 2021
Managing Director: Sachin Agarwal
Shivchem Agro operates in the agricultural chemicals and crop protection industry. The company produces and sells a variety of agricultural formulations to promote crop health and protect against pests, diseases, and weeds. Insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilisers are some of the products produced by the company.
These are used by farmers and agricultural firms at different stages of crop cultivation. The company specialises in providing services that help improve crop productivity and protect agricultural produce. Thus, the company’s operations are tied to the agriculture and agro-chemicals industry.
| Issue Registrar | Maashitla Securities Pvt. Ltd. |
| Lead Manager | Shannon Advisors Pvt. Ltd. |
Shivchem Agro IPO Objectives
Funds received from the IPO will be directed towards the following purposes:
| Particulars | Amount (in ₹ Lakhs) |
| Funding the working capital requirements of the company | 690 |
| Repayment/Prepayment in full or part of certain loans availed by the company | 350 |
| General corporate purposes |
Strengths of Shivchem Agro IPO
There are certain financial and business factors relevant to the firm, Shivchem Agro, that may be important to investors analysing the firm’s IPO.
- Revenue Growth: Shivchem Agro’s revenue increased from ₹1,094.25 Lakhs in FY2024 to ₹3,381.59 Lakhs in FY2026. This indicates the extent of growth in the firm’s sales.
- Profitability: The firm’s after-tax profit increased from ₹260.15 Lakhs in FY2025 to ₹324.86 Lakhs in FY2026. The firm’s PAT margin was about 9.61% in FY2026.
- Product Portfolio: The company manufactures insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilisers.
- Debt/Equity Ratio: There has been a decrease in the debt/equity ratio from 4.73x in FY2024 to 0.56x in FY2026. It means the firm has experienced a significant decrease in its debt burden relative to its equity.
Risks of Shivchem Agro IPO
It would also be worthwhile for investors to note the operational risk factors that could affect Shivchem Agro’s financial performance. Some of the risks include the following:
- Concentration of Suppliers: The firm’s top supplier accounts for 33.57% of its total purchases, while the top five suppliers account for 60.60% in FY2025-26. Such heavy dependence on a small number of suppliers might pose problems during procurement and increase expenses.
- Concentration of Customers: Shivchem Agro’s top 10 customers account for 28.71% of the firm’s total sales in FY2025-26. In addition, the firm usually does not sign long-term customer contracts, and thus, the discontinuation of purchases by a major customer might hurt the firm’s revenues.
- Single Manufacturing Location: The manufacturing process happens in a single 22,680 sq. ft. unit located in Jhajjar, Haryana. Disruption to manufacturing at this location due to a fire or other cause would adversely affect the firm’s operations and production.
- Regulatory/Product Risks: Shivchem Agro depends on regulatory registration for 176 agrochemicals and 82 fertilisers. The non-renewal or modification in any manner in the regulations related to these products may pose restrictions on sales.
Shivchem Agro IPO Review
The Shivchem Agro IPO is an SME Public Issue intended to help the company raise capital to fund its operations. Shivchem Agro operates in the agricultural inputs sector, and it offers products such as insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilisers.
The company had revenue from operations of ₹1,094.25 Lakhs in FY2024 and ₹3,381.59 Lakhs in FY2026. This indicates the extent of growth in the firm’s sales. The firm’s after-tax profit is ₹324.86 Lakhs in FY2026. The firm’s PAT margin was about 9.61% in FY2026.
There is supplier concentration risk, with one supplier accounting for 33.57% of the firm’s total purchases during the FY2025-26 period. There is also location risk, as all the company’s manufacturing plants are located in Jhajjar, Haryana.
These factors and regulatory dependence are relevant when reviewing the IPO.
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Shivchem Agro IPO FAQs
Shivchem Agro is a public offering of 22,60,000 shares valued at around ₹14.01 cr. The offer is priced between ₹59 and ₹62 per share. The company operates in the agricultural chemicals and crop protection industry.
Investors can apply via their authorised stockbroker or through an IPO platform. The application process can be done through the ASBA facility through banks or any other permitted means. An investor needs to have a demat account and adequate balance in his/her bank account.
The IPO has certain merits and risks specific to the business which can be analysed on the basis of its financials and disclosures.
Returns on the IPO depend on how the stock is valued after listing and how it performs in the market. The price band is fixed within the range of ₹59-₹62. There is no assured return on investment, and the informal GMP should not be considered an assured listing price.
Shivchem Agro IPO opening date is set for 28 September 2026. The IPO will remain open for subscription up until 30 September 2026. Applicants can apply for the IPO during the stated subscription period.
The size of each IPO lot is 2,000 shares. Each retail applicant is required to subscribe to a minimum of 2 lots, or 4,000 shares, for ₹2,48,000.
The allotment criteria for the Shivchem Agro IPO are set to be finalised by 1st October, 2026. Investors can verify their allotment with the registrar or the respective exchange once the process is complete.
The listing of Shivchem Agro shares is set to take place on the BSE SME on 6th October 2026. The actual listing price will be determined by the demand and supply forces in the market.
