Shivchem Agro Limited IPO
Open nowSME
0.63×
Subscribed
Price band
₹59 – ₹62
Lot size
2,000
1 lot = ₹1,24,000
Open – close
28 Sept 2026
to 30 Sept 2026
Listing
06 Oct 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. No offer document for this issue has been published yet. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens28 Sept 2026
- Closes30 Sept 2026
- Allotment01 Oct 2026
- Listing06 Oct 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB0.00x
Non-institutionalNII / HNI0.64x
Big NIIabove ₹10L0.97x
Small NII₹2L – ₹10L0.20x
Retail individualRII0.68x
189 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 29 Sept 2026.
Chance of allotment
Retail0.68× subscribed
Full allotment
Minimum 2 lots · 4,000 shares · ₹2,48,000 blocked
The retail portion is under-subscribed at 0.68×, so every valid application should receive a full allotment.
HNI / NII0.64× subscribed
Full allotment
Minimum 1 lot · 2,000 shares · ₹1,24,000 blocked
The HNI portion is under-subscribed at 0.64×, so applications should be allotted in full.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
Grey market premium
Unofficial dealer quotes — not published by NSE, BSE, SEBI or the company
₹13+21.0%
over the upper band · last seen 29 Sept 2026
What this number is not. Grey-market premium is an unregulated, thinly-traded quote from private dealers. It is not a forecast of the listing price, it is not verifiable, and it can be moved by the same people who benefit from it looking high. We publish it because you will look it up anyway — and we deliberately do not convert it into an expected listing gain, because that arithmetic implies a reliability the number has never earned. For what actually happened to comparable issues, see recent outcomes below.
The offering
Terms, structure and who is selling
Terms
Price band₹59 – ₹62
Face value₹5
Lot size2,000shares
Minimum application₹1,24,000at cut-off
Listing atSME platform
Anchor investorsNone
Company & valuation
ROE28.76%
ROCE30.04%
Debt/Equity0.56
RoNW28.76%
PAT Margin9.61%
EBITDA Margin17.69%
NAV24.50
P/B (x)2.53
RegistrarMaashitla Securities Private Limited
Lead managersShannon Advisors Private Limited
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 1,08,000 | 4.78% |
| NII (HNI) | 10,14,000 | 44.87% |
| bNII > ₹10L | 6,76,000 | 29.91% |
| sNII < ₹10L | 3,38,000 | 14.96% |
| Retail | 10,24,000 | 45.31% |
| Market Maker | 1,14,000 | 5.04% |
Total issue 22,60,000 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,48,0002 lots · 4,000 sh
Individual investors (IND) (Max)₹2,48,0002 lots · 4,000 sh
S-HNI (Min)₹3,72,0003 lots · 6,000 sh
S-HNI (Max)₹9,92,0008 lots · 16,000 sh
B-HNI (Min)₹11,16,0009 lots · 18,000 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+0.0%
Listed up
2 of 8
Best
+90.0%
SpectraA Technology
Worst
-7.9%
Panchatv Bharat
SpectraA Technologysame segment
304.1× sub+90.0%
Kheria Autocompsame segment
2.5× sub+3.9%
Shakti Polytarpsame segment
11.9× sub-0.2%
Vama Wovenfabsame segment
2.5× sub+0.0%
Century Businesssame segment
57.9× sub+0.0%
Injecto Polymerssame segment
1.2× sub-1.0%
Panchatv Bharatsame segment
1.4× sub-7.9%
Raksan Transformerssame segment
47.4× sub+0.0%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
What is the Shivchem Agro Limited IPO GMP today?
The most recent grey-market premium recorded for Shivchem Agro Limited is ₹13 per share — about 21.0% over the ₹62 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Shivchem Agro Limited IPO subscribed?
Shivchem Agro Limited is subscribed 0.63× overall (QIB 0.00×, NII 0.64×, retail 0.68×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, Maashitla Securities Private Limited.
What is the minimum investment in the Shivchem Agro Limited IPO?
One lot is 2,000 shares, so a retail application at the ₹62 cut-off price blocks ₹1,24,000. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
When is the Shivchem Agro Limited IPO allotment date?
Allotment is scheduled for 2026-10-01, with listing on 2026-10-06. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, Maashitla Securities Private Limited.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.