Shivchem Agro IPO
Shivchem Agro IPO is an SME IPO raising ₹14 Cr at ₹59 – ₹62 a share. It listed on 6 Oct 2026 at ₹62, 0.0% against its issue price of ₹62, and trades at ₹32 today (−48.8% since issue). It was subscribed 2.14× in total.
2.1 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
The numbers at a glance
The price they’re asking →derived: cut-off price Rs62 / stated EPS Rs6.16 (FY2025-26 (year ended March 31, 2026), diluted, as per Restated Financial Statements (Indian GAAP)). Stated figures are as printed in the prospectus; margins, growth and the borrowing ratio are computed from its own summary table. A multiple is one lens, not a verdict.
The last few years in numbers
From the prospectus’s own summary financial table (restated standalone). Margins and growth are computed from the stated figures; everything else is as printed.
| Period | Revenue | Profit after tax | PAT margin | Net worth | Borrowings |
|---|---|---|---|---|---|
| FY2026 | ₹34 Cr+23% | ₹3 Cr+25% | 9.6% | ₹13 Cr | ₹7 Cr |
| FY2025 | ₹27 Cr+151% | ₹3 Cr+102% | 9.5% | ₹10 Cr | ₹8 Cr |
| FY2024 | ₹11 Cr | ₹1 Cr | 11.8% | ₹2 Cr | ₹7 Cr |
Where the money goes
The offer →Most of this issue is new shares — the money raised goes to the company, not to exiting shareholders.
How its cohort has done
185 SME issues listed in 2026 that we can price today. This is the group this issue belongs to.
Neither figure is a forecast for this issue — they describe what happened to comparable issues. Full cohort analytics →
How the book finished
The category split is the number worth reading, not the total.
Retail: 3.50× their allocation. QIB: 1.00×.
What we hold for this issue
Stated up front on every issue, so a sparse page reads as a fact about the source rather than a broken one.
What happens when
Next: the UPI mandate expires on 11 Nov 2026.
What to watch
- Priced at 10.1× earnings — 53% below the median of the peers the issuer itself names.
- Its cohort's record: median −2.7% since issue price, 51.9% now below it — a base rate, not a forecast.
Each line restates a disclosure from the prospectus or the exchanges — nothing here is a recommendation to apply to this issue.
Track SHIVCHEM AGRO LIMITED
Results, orders, board decisions and every other filing — summarised and sent to your WhatsApp the minute they are out.
Figures are as published by the exchanges and the issuer’s prospectus. MarketPing publishes facts, comparisons and history only — nothing here is a recommendation to apply to this issue, and we do not publish grey market premium.