Shiv Texchem Limited IPO
Shiv Texchem Limited operates in the import and distribution of hydrocarbon-based chemicals that are essential raw materials across a variety of industries. These chemicals include Acetyls, Alcohols, Aromatics, Nitriles, Monomers, Glycols, Phenolics, Ketones, and Isocyanates. These chemicals are critical inputs for industries such as paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and specialty industrial chemicals.
Core Business Focus: Import and Distribution of Hydrocarbon-Based Chemicals
In the petrochemical industry, there are various base chemicals that serve as the building blocks for derivative chemicals, known as secondary and tertiary chemicals. Their business focuses on importing and redistributing these secondary and tertiary chemicals, which are essential raw materials for multiple industries. For example, benzene—a fundamental base chemical—is utilized to produce phenol, styrene, and aniline, which are secondary and tertiary chemicals widely used in industries including:
i. Paints and Coatings ii. Printing Inks iii. Agrochemicals
iv. Pharmaceuticals v. Specialty Polymers vi. Industrial Chemicals
Their role in the value chain includes sourcing these chemicals from international producers and suppliers and redistributing them to domestic industries to ensure a reliable and timely supply of these critical inputs.
Key Customers and Market Reach
They have successfully delivered hydrocarbon-based chemicals to a diverse range of customers, which includes companies such as Apcotex Industries Limited, Hemani Industries Limited, and Gujarat Fluorochemicals Limited. Their strategic sourcing from various international markets enables their to maintain a reliable supply chain and meet the diverse needs of their customers in different industries.
Conclusion
Shiv Texchem Limited plays a critical role in bridging the gap between global suppliers of hydrocarbon-based chemicals and domestic industries. Their comprehensive import and distribution capabilities ensure that a wide range of industries—including paints, coatings, agrochemicals, pharmaceuticals, and specialty chemicals—have reliable access to high-quality raw materials for their production processes. By serving as a preferred sourcing partner, they add value to their customers through efficient supply chain management, strategic sourcing, and customer support, ultimately contributing to the smooth and uninterrupted manufacturing of various industrial products.
Objects of the Shiv Texchem Limited IPO:
Shiv Texchem Limited IPO Details:
Open Date: | Oct 08 2024 |
Close Date: | Oct 10 2024 |
Total Shares: | 6,105,600 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 101.35 Cr. |
Lot Size: | 800 Shares |
Issue Price: | ₹ 158 - 166 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Oct 15 2024 |
Promoters And Management:
Financials of Shiv Texchem Limited IPO:
Description | Q1FY25 | FY24 | FY23 | FY22 |
Revenue from Operations (Net) | 56604.99 | 153490.41 | 111759.06 | 85865.83 |
Other Income | 102.84 | 178.38 | 107.92 | 681.63 |
Total Revenue | 56707.83 | 153668.79 | 111866.98 | 86547.46 |
Purchase of Stock-in-trade | 53288.62 | 147873.18 | 121964.27 | 93276.02 |
Change in inventories of traded goods | -899.32 | -8088.06 | -18595.74 | -12934.4 |
Employees Benefit Expenses | 99 | 333.63 | 268.81 | 206.57 |
Finance Costs | 522.87 | 1887.97 | 1535.41 | 396.94 |
Depreciation & Amortisation Expenses | 5.81 | 19.02 | 20.41 | 9.86 |
Other Expenses | 2333.28 | 7558.48 | 4519.45 | 3724.31 |
Total Expenses | 55350.27 | 149584.22 | 109712.61 | 84679.3 |
Profit Before Tax | 1357.56 | 4084.57 | 2154.37 | 1868.16 |
Current Tax | 351.98 | 1073.41 | 552.38 | 483.21 |
Deferred Tax (Income) / Expenses | -0.31 | -0.14 | -0.73 | -1.53 |
Profit / (Loss) for the Year | 1005.89 | 3011.3 | 1602.72 | 1386.48 |
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