Shivchem Agro Ltd Closed SME IPO - Check the Latest List of Closed SME IPO
Start searching for stocks
Start searching for blogs
Start searching for circulars
Start searching for news
Start searching for articles

Shivchem Agro Ltd

Shivchem Agro Ltd
SHIVCHEM Shivchem Agro Ltd

BSE IPO

Bidding dates28 Sep 2026 - 30 Sep 2026

Price range₹59 - ₹62

Min. investment₹2,48,000

Issue size14.01 Cr

Lot size2000 Shares

IPO DocRHP

IPO Timeline

Start date

28 Sep 2026

End date

30 Sep 2026

Allotment date

01 Oct 2026

Refund initiation

05 Oct 2026

Share credit

05 Oct 2026

Deactivate mandate

06 Oct 2026

About company

Incorporated in September 2021, Shivchem Agro Limited is an agrochemical company engaged in the manufacturing, stocking, distribution and sale of agricultural formulations.The Company offers a diversified portfolio of insecticides, fungicides, herbicides, plant growth regulators, rodenticides and fertilizers. As of the date of the Red Herring Prospectus, the Company is licensed to manufacture 176 agrochemical products, including 88 insecticides, 40 fungicides, 37 herbicides, 8 plant growth regulators and 3 rodenticides. It also has authorization for manufacturing 82 fertilizers, of which it currently manufactures 8.

The Company is licensed to sell, stock, exhibit and distribute its products across eight states in India and, as of March 31, 2026, had 685 distributors supported by five godowns. Its manufacturing facility in Jhajjar is equipped with machinery for agrochemical production and includes an Effluent Treatment Plant and Wet Scrubber Unit for managing wastewater and air emissions.

The Company is ISO 9001:2015, ISO 22000:2018 and ISO 31000:2018 certified and provides crop protection solutions through the manufacturing, supply and distribution of solid and liquid formulations. Its product portfolio is supported by on-field product demonstrations and a distribution network serving multiple agricultural markets.

As of March 31, 2026, the Company had 66 permanent employees, with the largest workforce deployed across sales and marketing, manufacturing and operations, accounts and finance, and field functions.

Founded in 2021

Managing director Sachin Agarwal

Parent organisation Shivchem Agro IPO

Strengths and Risks

Strengths

The company holds licenses to manufacture 176 agrochemical formulations (including insecticides, fungicides, herbicides, plant growth regulators, and rodenticides) alongside fertilizers, allowing it to address diverse agricultural and crop protection requirements.

The company has demonstrated rapid top-line and bottom-line scaling. Revenue from operations increased from ?10.94 crore in FY24 to ?33.82 crore in FY26, while Profit After Tax (PAT) grew from ?1.29 crore to ?3.25 crore over the same period.

The ?14.01 crore SME IPO is entirely a fresh issue. The proceeds are targeted efficiently toward funding critical working capital requirements (?6.90 crore) and reducing debt (?3.50 crore), which will help strengthen its balance sheet.

Risks

The industry requires stringent adherence to environmental laws, pollution control norms, and technical registrations under regulatory bodies. Any failure to maintain licenses or meet quality standards can severely disrupt operations.

The company's margins are sensitive to fluctuations in input material prices and supplier availability, making cost control challenging during volatile commodity cycles.

Over time, pests can build resistance to specific formulations, or regulatory changes can lead to the phase-out of certain chemical components. Continuous investment in new product development is required to stay competitive.

Explore our feature-rich web trading platform

Get the link to download the App

trading_platform
QR Code