SENSEX 74,729.27 NIFTY 50 23,146.15 USD/INR 94.95 GOLD ₹1,46,430/10g REPO RATE 5.25% CRR 3.00% PETROL (MUM) ₹111.21/L SILVER ₹2,10,312/kg
SENSEX 74,729.27 NIFTY 50 23,146.15 USD/INR 94.95 GOLD ₹1,46,430/10g REPO RATE 5.25% CRR 3.00% PETROL (MUM) ₹111.21/L SILVER ₹2,10,312/kg
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Shivchem Agro IPO

SHIVCHEM · Pesticides & Agrochemicals · BSE

ListedSME

IPO Opportunity Score

53/100

Average Opportunity

Apply?

Selective Apply

Risk

High

Est. listing gain

2–3%

Retail allotment odds

30.8%

HNI allotment odds

49.5%

Mixed signals — selective apply only if thesis fits your risk appetite. Prefer 1 lot to limit capital blocked. SME IPOs carry higher liquidity and volatility risk.

Retail and HNI allotment odds are illustrative (often using total subscription as a proxy when category-wise data is unavailable).

🟢 Subscription heat: Low Interest

Price band

₹59 – ₹62

GMP

+₹1.5 (+2.42%)

Est. listing

₹63.5

Issue size

₹14 Cr

Subscription

3.25x

Min. investment

₹2,48,000

GMP last updated: 6-Oct 9:37

IPO DNA

A multi-dimensional read instead of a single number. 3 of 8 dimensions can be assessed from the data we receive — the rest are shown as gaps rather than filled with placeholder scores.

Relative strengths

None of the measurable dimensions score above 70.

Relative weaknesses

Liquidity

Business Quality

No data

Company financials (revenue, profit, ROE/ROCE, debt) are not part of the IPO feed we consume.

Growth

No data

Company financials (revenue, profit, ROE/ROCE, debt) are not part of the IPO feed we consume.

Financial Strength

No data

Company financials (revenue, profit, ROE/ROCE, debt) are not part of the IPO feed we consume.

Valuation

No data

Valuation multiples and peer comparables are not available from our current data sources.

Demand

55/100

Total subscription of 3.25x across all categories. Category-wise (QIB/NII/Retail) split is not published in our feed, so this is overall demand only.

Listing Setup

55/100

Derived from an unofficial grey-market premium of 2.42%. Last updated 6-Oct 9:37. GMP is unregulated and can reverse quickly.

Governance

No data

Promoter holding, pledge and anchor-investor data are not available from our current data sources.

Liquidity

35/100

Structural read from a ₹14 Cr issue. SME platform listings typically trade in thinner volumes than mainboard. This reflects issue structure, not observed post-listing volume.

Dimensions are analytical views built from published issue data and unofficial grey-market quotes. They are not a recommendation to apply for or avoid this IPO.

GMP Divergence Check

Cross-checks the unofficial grey-market premium against visible demand and issue structure, so a strong premium is not read in isolation.

No divergence detected

Premium and demand are broadly consistent

Checks we could not run

  • Valuation vs peers — multiples and comparables are not in our data sources.
  • Institutional (QIB) demand quality — category-wise subscription is not published in our feed.
  • Anchor-investor participation — not available from our data sources.

Grey-market premium is unofficial and unregulated. This check describes signal consistency only and is not investment advice.

Information Confidence

How complete and fresh the information behind this page is — kept separate from any view on the IPO itself, so a well-documented issue is never confused with an attractive one.

100%High completeness

Grey-market premium last updated 6-Oct 9:37.

Published (10)

Price band · Lot size · Issue size · Bidding dates · Listing date · Allotment date · Registrar details · RHP document · Company profile · Subscription figures

Awaiting disclosure (0)

Every expected field is available for this issue.

Not collected by this site

  • Company financials — revenue, profit, ROE/ROCE, debt
  • Valuation multiples and peer comparables
  • Category-wise subscription (QIB / NII / Retail / Employee)
  • Anchor investors and promoter holding
  • Fresh issue vs offer-for-sale split

Sources

  • officialExchange / issuer feed (price band, dates, lot size, documents)
  • unofficialGrey-market aggregator (premium only)

Scenario Lab

Test this issue against your own assumptions. Every output here is a scenario you control, not a forecast of what will happen.

₹
₹1₹5,000
15000
150
%
03
%
040

Break-even price

₹63

1.01% above issue price

Capital deployed

₹1,24,000

2000 shares

Costs recovered

₹1,246

Both legs of the trade

Tax assumption

20%

Applied to gains above break-even

Cost and tax inputs are yours to set — we do not apply a default brokerage plan or assume your tax slab. Confirm actual charges with your broker and tax treatment with a qualified professional. Scenarios are illustrative and not predictions.

About the company

Sector: Agro ChemicalsSector m-cap: ₹36.16 CrISIN: INE18CU01023
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: • Insecticides to manage pest challenges in agriculture • Fungicides used to combat fungal diseases in crops and seeds • Herbicides offer a solution to tackle unwanted plants or weeds • Plant Growth Regulators: plant hormones or vitamins • Rodenticide: Chemical substances to control rodent populations by killing or repelling • 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.

Issue details

Face value₹5
Lot size2,000
Min. quantity4,000
Cut-off price₹62
Listing price₹62
ISININE18CU01023
Bidding hours (IST)10:00 – 17:00

Timeline

Pre-apply starts25 Sept 2026
Bidding opens28 Sept 2026
Bidding closes30 Sept 2026
Allotment starts1 Oct 2026
Allotment date5 Oct 2026
Refund initiation5 Oct 2026
Listing date6 Oct 2026
Mandate end11 Nov 2026

Registrar

MAASHITLA SECURITIES PRIVATE LIMITED

Contact: Mukul Agrawal

Phone: 011 47581432

investor.ipo@maashitla.comVisit registrar website →

IPO data from Upstox; GMP from unofficial grey-market aggregators. GMP is not regulated and does not guarantee listing performance. Scorecard uses GMP + subscription heuristics — not investment advice.

About Shivchem Agro IPO IPO

IPO detail with price band, GMP, scorecard, subscription heat, timeline and registrar links.

How it works

Review the opportunity score and documents (RHP/DRHP), then use allotment or GMP calculators.

Practical tips

Note allotment and listing dates on your calendar before you apply.

Important to know

GMP and scores are informational — not apply advice.

Frequently Asked Questions

What details are shown for Shivchem Agro IPO?
Company summary, price band, timeline, lot size, and grey-market premium (GMP) when the data source provides them.
What is GMP and should I trust it?
GMP is an unofficial grey-market indication of listing sentiment. It can reverse quickly and is not a guarantee of listing gains.
Can I apply for the IPO on EnrichReturns?
No. Apply via ASBA through your bank or broker UPI flow as per the exchange process.
Where should I read official risk disclosures?
Always read the Red Herring Prospectus (RHP) and exchange filings. This page is informational, not investment advice.
How fresh is subscription and GMP data?
Figures depend on upstream feeds and may lag. Confirm live subscription on NSE/BSE and treat GMP as speculative.
Is SME different from mainboard?
Yes. SME IPOs have different lot sizes, eligibility, and liquidity profiles. Check the issue type before applying.