Shivchem Agro IPO
Set up in September 2021, Shivchem Agro is an agrochemical firm that manufactures, distributes, and sells agricultural formulations. Its product range includes insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilizers. As of today, the firm has made 176 agrochemical products, including 88 insecticides, 40 fungicides, 37 herbicides, 8 plant growth regulators, and 3 rodenticides.
IPO GMP
+₹1
+2% expected gain
Price Band
₹59 - ₹62
Lot Size
4000 shares
Min Investment
₹2,48,000
Listing Date
October 6, 2026
About Shivchem Agro
Company overview, business, and key facts.
Set up in September 2021, Shivchem Agro is an agrochemical firm that manufactures, distributes, and sells agricultural formulations. Its product range includes insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilizers. As of today, the firm has made 176 agrochemical products, including 88 insecticides, 40 fungicides, 37 herbicides, 8 plant growth regulators, and 3 rodenticides.
The company holds the license to sell and distribute products across 8 states in India, with 685 distributors in five godowns. Its manufacturing facility is situated in Jhajjar, which includes machinery for agrochemical production, an Effluent Treatment Plant, and a Wet Scrubber Unit for managing wastewater and air emissions. Moreover, Shivchem Agro distributes its products in 2 ways: first, by visiting farmers and showing them how to use the products, and second, by using distributors to distribute its products in different areas.
Founded
2021
Headquarters
New Delhi
Promoters
Rohit Agarwal, Sachin Agarwal, Deepa Agarwal
Website
http://www.shivchemagro.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Shivchem Agro IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹46.7 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
14.4x
Peer median 21.5x (discount of 33%)
Price to sales
1.38x
Revenue growth, 2026
+23.1%
75.8% a year over the period
Profit growth, 2026
+25%
58.7% a year over the period
Profit margin (PAT)
9.6%
EBITDA margin 17.69%
ROE / ROCE
28.76% / 30.04%
As published in the offer document
Debt to equity
0.56
Promoter holding
92.73% → 64.91%
Before → after the IPO
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹4,000
4000 shares on ₹2,48,000. GMP is unofficial.
What stands out
- Profit grew 25% in 2026.
- Priced at a 33% discount to the peer median P/E of 21.5.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
- GMP has fallen 90% from its peak of ₹10 to ₹1.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Shivchem Agro's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Shivchem Agro IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Shivchem Agro IPO is trading at a grey market premium (GMP) of +₹1 (+2% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 2.1x overall — QIB: 1x, NII: 1x, Retail: 3.44x.
Shivchem Agro IPO subscription has closed. The shares are expected to list on October 6, 2026.
The minimum investment required is ₹2,48,000 for 4000 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Shivchem Agro IPO — Frequently Asked Questions
What is Shivchem Agro IPO GMP today?
Shivchem Agro IPO GMP (grey market premium) today is +₹1, suggesting an estimated listing gain of +2%. GMP is indicative and subject to change.
What is the price band of Shivchem Agro IPO?
The price band for Shivchem Agro IPO is ₹59 - ₹62 with a lot size of 4000 shares. The minimum investment required is ₹2,48,000.
When is Shivchem Agro IPO allotment date?
Shivchem Agro IPO allotment is expected to be finalised on October 1, 2026. You can check your allotment status on the registrar's website (Maashitla Securities Pvt. Ltd.) using your PAN number.
When will Shivchem Agro IPO list on NSE/BSE?
Shivchem Agro IPO is expected to list on BSE SME on October 6, 2026.
How to check Shivchem Agro IPO allotment status?
To check Shivchem Agro IPO allotment status, visit the registrar's website (Maashitla Securities Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Shivchem Agro IPO?
Shivchem Agro IPO has a GMP of +₹1. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Shivchem Agro IPO?
The lot size for Shivchem Agro IPO is 4000 shares per lot. The minimum investment for retail investors is ₹2,48,000. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.