Shivchem Agro IPO
smelistedAbout the company
Shivchem Agro was incorporated in September 2021. It manufactures, stocks, distributes and sells agricultural formulations in solid and liquid forms. Its portfolio comprises insecticides, fungicides, herbicides, plant growth regulators, rodenticides and fertilizers. The company supplies these crop-protection products through a distributor-led model. The company operates one 22,680 sq. ft. manufacturing facility at Barhana, Jhajjar, Haryana, with an effluent treatment plant and wet scrubber, and five godowns supporting distribution. It holds licences for 176 agrochemical products and authorisation for 82 fertilisers, and is licensed to sell, stock, exhibit and distribute products in eight states. Revenue is entirely domestic and the company has no presence or revenue outside India. It also sources raw materials only from domestic suppliers. In FY26, herbicides contributed 43.5% of revenue from operations, insecticides 30.3%, fungicides 15.8%, plant growth regulators 8.1%, fertilizers 2.1% and rodenticides 0.1%. From FY24 to FY26, the herbicide share rose from 34.1% to 43.5%, fungicides from 6.8% to 15.8%. Andhra Pradesh contributed 33.9% of FY26 revenue, Assam (20.8%), Haryana (19.7%), Telangana (16.4%), Odisha (8.6%) and Bihar (0.3%). The distributor network expanded from 185 in FY24 to 685 in FY26. Total production volume capacity increased to 65,07,500 kg/litre in FY25 and remained unchanged in FY26.The company’s employee base increased from 40 in FY24 to 66 in FY26, while its sales team expanded from 17 to 39.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 25 Sep | ₹0 | ₹62 | 0 |
Strengths
Risks
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed28 Sept 2026Bidding starts for all investor categories
IPO Closes
Completed30 Sept 2026Last day to place your bid
Basis of Allotment
Completed01 Oct 2026Share allotment finalised
Refund Initiation
Completed05 Oct 2026Refunds credited for non-allottees
Credit to Demat
Completed05 Oct 2026Allotted shares credited to demat account
Listing on Exchange
Completed06 Oct 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 2000 | ₹124,000 | 1 | ₹124,000 | 1 lot only |
| HNI | 2 | 4000 | ₹248,000 | 2 | ₹248,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 1,157,025 | 7 | 0 | 0.00x | 100% |
| NII | 15% | 347,108 | 2.1 | 142,314 | 0.41x | 100% |
| Retail | 35% | 809,918 | 4.9 | 80,992 | 0.10x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
