Advisory

Choose your Partner

Both partners offer free account opening and dedicated support.

Angel One

Best for active traders

₹ 0 Account Opening Open Account →

Motilal Oswal

Best for long-term wealth

₹ 0 Account Opening Open Account →

IPO Open

Mon, Sep 28, 2026

IPO Close

Wed, Sep 30, 2026

Price Band

₹59 to ₹62

Market Cap*

₹46.70 Cr * on Upper Price

IPO Details

  • IPO Date
    28 to 30 Sep, 2026
  • Listing Date
    Tue, Oct 6, 2026
  • Face Value
    ₹5 per share
  • Issue Price
    ₹59 to ₹62
  • Lot Size
    2,000 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE SME
  • Total Issue Size
    22,60,000 shares (agg. up to ₹14 Cr)
  • Reserved for Market Maker
    1,14,000 shares (agg. up to ₹0.7068 Cr)
  • Fresh Issue (Ex Market Maker)
    21,46,000 shares (agg. up to ₹13 Cr)
  • Net Offered to Public
    21,46,000 shares (agg. up to ₹13 Cr)
  • Share Holding Pre Issue
    52,72,873 shares
  • Share Holding Post Issue
    75,32,873 shares

    IPO Timetable (Tentative)

  • IPO Open
    Mon, Sep 28, 2026
  • Allotment
    Thu, Oct 1, 2026
  • Credit of Shares
    Mon, Oct 5, 2026
  • IPO Close
    Wed, Sep 30, 2026
  • Refund
    Mon, Oct 5, 2026
  • Listing
    Tue, Oct 6, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Offer
Retail Not less than 35% of the Net Issue
NII Not less than 15% of the Net Issue

IPO Lot Size

Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 4000 ₹2,48,000
Individual investors (IND) (Max) 2 4000 ₹2,48,000
S-HNI (Min) 3 6000 ₹3,72,000
S-HNI (Max) 8 16000 ₹9,92,000
B-HNI (Min) 9 18000 ₹11,16,000

About Shivchem Agro Ltd.

Incorporated in 2021, Shivchem Agro is an ISO 9001:2015, ISO 22000:2018, and ISO 31000:2018 certified agrochemical company based in India. The company manufactures stock, distribute, and sell a wide range of agricultural formulations, including insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilizers. These products are available in both solid (powders) and liquid (emulsifiable concentrates) forms, helping farmers improve crop protection and productivity.

Products:

  1. Insecticides to manage pest challenges in agriculture
  2. Fungicides used to combat fungal diseases in crops and seeds
  3. Herbicides offer a solution to tackle unwanted plants or weeds
  4. Plant Growth Regulators: plant hormones or vitamins
  5. Rodenticide: Chemical substances to control rodent populations by killing or repelling
  6. Fertilizers used to meet the needs of various soils and crops

The company is licensed under the Insecticides Act, 1968 to manufacture 176 agrochemical products—88 insecticides, 40 fungicides, 37 herbicides, 8 plant growth regulators, and 3 rodenticides—approved by the Central Insecticides Board and Registration Committee (CIBRC), Haryana. It is also authorized to manufacture 82 fertilizers under the Fertilizer Control Order, 1985.

The company is licensed to sell and distribute our products in Andhra Pradesh, Telangana, Odisha, Assam, and Madhya Pradesh, with a network of 516 distributors and 6 godowns across these states as of March 31, 2025.

Manufacturing facility: Its manufacturing facility in Jhajjar, Haryana, is equipped with modern machinery and pollution control systems, including an Effluent Treatment Plant (ETP) and a Wet Scrubber Unit.

As on August 31, 2025, its total workforce has 59 permanent employees.

Competitive strengths:

  • Diversified product portfolio including a wide range of insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilizers
  • Large and diverse Distributors and Distribution Network: As of March 31, 2025, we have 516 distributors.
  • On-Field product demonstrations
  • Manufacturing facility with ability to manufacture a wide range of products
  • Enhanced Efficiency through automated filling and packaging machines

Company Financials (Restated)

(Amount in ₹ Crore)

Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 36.16 16.41 2.75
Total Income 27.50 10.95 2.28
Profit After Tax 2.51 1.29 0.13
EBITDA 4.26 1.93 0.18
NET Worth 9.58 1.50 0.21
Reserves and Surplus 6.95 1.45 0.16
Total Borrowing 8.26 7.10 1.28

Recently Listed IPOs in Pesticides & Agrochemicals

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Mahamaya Lifesciences Ltd. SME ₹70.44 Cr ₹114 15.65 ₹116.00 +1.75% ₹181.05
GSP Crop Science Ltd. Mainboard ₹400.00 Cr ₹320 15.34 ₹356.25 +11.33% ₹484.90
Advance Agrolife Ltd. Mainboard ₹192.85 Cr ₹100 17.55 ₹108.30 +8.30% ₹108.14

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding the working capital requirements of our Company
    10.70
  • 2 Repayment/prepayment, in full or part, of certain loans availed by our Company
    6.00
  • 3 General Corporate Purpose

Key Performance Indicator (KPI)

KPI Mar 31, 2025
ROE 45.33%
ROCE 31.59%
Debt/Equity 0.86
RoNW 45.33%
PAT Margin 9.15%
EBITDA Margin 15.50%
NAV 44.05

IPO Valuation

Valuation Metric Pre IPO Post IPO
Market Cap at Offer Price – ₹46.70 Cr

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 92.73% 64.91%
Public 7.27% 35.09%
Total 100% 100%

Company Promoters: Rohit Agarwal, Sachin Agarwal and Deepa Agarwal.

Shivchem Agro IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

Maashitla Securities Pvt.Ltd.

IPO Lead Manager(s)

  1. Shannon Advisors Pvt.Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Shivchem Agro Ltd. Address
Unit No. 703, 704, Amba Tower,
Plot No.2, Community Centre, D.C Chowk, Sector-9
Rohini Sec-11
North West Delhi, New Delhi, 110085

IPO FAQs

Shivchem Agro IPO is a SME IPO of 22,60,000 equity shares of the face value of ₹5 aggregating up to ₹14 Crores. The issue is priced at ₹59 to ₹62. The minimum order quantity is 2000.

The IPO opens on Mon, Sep 28, 2026, and closes on Wed, Sep 30, 2026.

Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Shivchem Agro IPO using UPI as a payment gateway. Angel One customers can apply in Shivchem Agro IPO by login into Angel OneConsole (back office) and submitting an IPO application form.

Steps to apply in Shivchem Agro IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Shivchem Agro IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Shivchem Agro IPO opens on Mon, Sep 28, 2026 and closes on Wed, Sep 30, 2026.

Shivchem Agro IPO lot size is 2000, and the minimum amount required for application is ₹2,48,000, with 2 lots being the minimum application size.

You can apply in Shivchem Agro IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Shivchem Agro IPO will be done on Thursday, October 1, 2026, and the allotted shares will be credited to your demat account by Mon, Oct 5, 2026. Check the Shivchem Agro IPO allotment status.

The Shivchem Agro IPO listing date is not yet announced. The tentative date of listing is Tue, Oct 6, 2026.

Stock Broker Reviews India

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited 2

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

Advertisments

Compare India's most trusted brokers side-by-side to find your perfect match.