Shivchem Agro IPO

About Shivchem Agro IPO

Shivchem Agro IPO, an SME IPO, opens on Monday, September 28, 2026 and closes on Wednesday, September 30, 2026. The allotment of shares will take place on Thursday, October 01, 2026. The listing of shares will take place on Tuesday, October 06, 2026 on the BSE SME platform.

Shivchem Agro IPO's price band is set at ₹59 to ₹62 per share. The lot size for an application is 2,000 Shares. The minimum amount of investment required by a retail investor is ₹2,48,000.

The offer is a fresh issue only with no offer for sale component. The fresh issue includes 22.60 lakh shares of ₹14.01 crore.

The company is engaged in the manufacturing, stocking, exhibiting, distribution, and sale of agricultural formulations including insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilizers.

Objectives of Shivchem Agro IPO

• Funding working capital requirements of the company.
  
• General corporate purposes.
  

Industry Outlook

The global agrochemical market has been forecasted to grow at a CAGR of 4.7% to reach USD 273.5 Billion by 2029 and the domestic market is projected to grow at a CAGR of 11.8% to USD 39.40 billion during the same period.

In India, the agrochemical industry faces intense competition from both domestic and international players, along with systematic risks such as regulatory restrictions, supply disruptions, and import dependency.

Cost of raw materials forms a major part of operating expenses, and the industry generally operates at a net profit margin of 6% to 7%.

About Shivchem Agro Limited

Shivchem Agro is an ISO 9001:2015, ISO 22000:2018 and ISO 31000:2018 certified agrochemical company operating in India, engaged in the manufacturing, stocking, exhibiting, distribution, and sale of agricultural formulations.

The company provides crop protection solutions designed to support farmers in agricultural output through the manufacturing, supply, and distribution of formulations, which include insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilizers.

As of the date of the Red Herring Prospectus, the company holds licenses under the Insecticides Act, 1968 for manufacturing 176 agrochemical products and a Letter of Authorization under the Fertilizer Control Order, 1985 for manufacturing 82 fertilizers.

Strengths of Shivchem Agro

• The company offers a diversified product portfolio that includes insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilizers to address varied agricultural requirements.
• The company has established a large and robust distribution network with 685 distributors spread across multiple states in India as of March 31, 2025.
• The company operates a well-equipped manufacturing facility in Jhajjar, Haryana, featuring an Effluent Treatment Plant and automated filling and packaging machinery to enhance operational efficiency.

Risks of Shivchem Agro

• The company is required to obtain and maintain various statutory and regulatory approvals, including licenses under the Insecticides Act, 1968 and the Fertilizer Control Order, 1985, and any failure to do so could adversely affect operations.
• The company relies heavily on its distribution network and distributors for the sale of its products, and any strain in relationships could impact business performance.
• The company depends on a few major suppliers for the procurement of raw materials, exposing it to potential supply chain disruptions and price escalations.
• The company has experienced negative cash flows from operating activities in past financial years, which could impact its growth and financial health.

IPO Registrar and Book Running Lead Managers

Registrar Details
Maashitla Securities Private Limited
Email: investor.ipo@maashitla.com
Telephone No.: 011 47581432

Book Running Lead Managers
Shannon Advisors Private Limited

Shivchem Agro Contact Details
Unit No. 703, 704, Amba Tower, Plot No.2, Community Centre, D.C Chowk,
Sector-9, Rohini, Sec-11, North West Delhi, Delhi, India, 110085.
Tel: +91 11 46008555
Email: compliance@shivchemagro.com

Shivchem Agro Business Model

The Company operates through a business-to-business distribution model, selling its agrochemical formulations via a vast network of distributors across multiple states in India, supported by an advanced manufacturing facility and third-party logistics. Shivchem Agro Growth Trajectory

Shivchem Agro Limited's Total Income for FY 26 was ₹33.84 crore, whereas in FY 25 and FY 24 it was ₹27.5 crore and ₹10.95 crore, respectively.

The Profit After Tax for FY 26 was ₹3.25 crore, whereas in FY 25 and FY 24 it was ₹2.6 crore and ₹1.29 crore, respectively.

Their EBITDA for FY 26 was ₹5.98 crore, whereas in FY 25 and FY 24 it was ₹4.32 crore and ₹1.93 crore, respectively.

Shivchem Agro Market Position

As of the date of the Red Herring Prospectus, the Company holds licenses under the Insecticides Act, 1968 for manufacturing 176 agrochemical products and a Letter of Authorization under the Fertilizer Control Order, 1985 for manufacturing 82 fertilizers.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹33.84 crore, ₹3.25 crore, and ₹5.98 crore, respectively.

How to apply for Shivchem Agro IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.