Shivam Chemicals IPO Subscription Status
As of 12:30 pm on April 23rd, the first day of bidding, Shivam Chemicals IPO has been subscribed 0.35 times. The issue received bids for 15.33 lakh equity shares against 43.56 lakh shares on offer.
The retail category has subscribed 0.61 times, while the Non-Institutional Investors (NII) category has subscribed 0.09 times so far.
Shivam Chemicals IPO GMP Today
According to market observers, Shivam Chemicals IPO is not commanding any premium or discount in the grey market. This means that the Shivam Chemicals IPO GMP today is 0.
Shivam Chemicals IPO Details
The Shivam Chemicals IPO opened for subscription on Tuesday, April 23rd, and will close on Thursday, April 25th. The IPO allotment is expected to be finalized on April 26th, and Shivam Chemicals shares will be listed on BSE SME with a tentative listing date of April 30th.
Shivam Chemicals IPO is an SME IPO and a fixed-price issue of 20.18 crore, which is entirely a fresh issue of 45.87 lakh equity shares. The company has fixed the Shivam Chemicals IPO price band at 44 per share.
The IPO lot size is 3,000 shares, and the minimum investment amount required by retail investors is 132,000.
The company proposes to use the net IPO proceeds to fund working capital requirements, investments in a subsidiary company for financing the augmentation of its working capital capabilities and general corporate purposes.
