- POSITIVE
Annual Revenue Shivchem Agro Mar-2026 Annual Revenue is Rs 34 Cr which is growth of 23.0% YoY.
- POSITIVE
Annual Net Profit Shivchem Agro Mar-2026 Annual Net Profit is Rs 3 Cr which is growth of 24.9% YoY.
Shivchem Agro Ltd. IPO Details
Shivchem Agro was incorporated on September 12, 2021. The company is an Indian agrochemical manufacturer engaged in the production, stocking, distribution and sale of agricultural formulations. Its portfolio includes insecticides, fungicides, herbicides, plant growth regulators, rodenticides and fertilizers in solid and liquid forms
| Bidding Dates |
|---|
| 28 Sep 2026 - 30 Sep 2026 |
| Subscription |
|---|
| 2.14x Oversubscribed |
| Check Allotment Status |
|---|
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹236,000 | 2 | 2 | 2000 | 2.3 M | ₹59 - ₹62 | 62.39 % | ₹133.3 M - ₹140.1 M | RHP DOC |
Shivchem Agro IPO SUBSCRIPTION STATUS
30 Sep '26Total2.14x
Retail Individual Investor3.5x
HNI (NII) Investors1x
Qualified Institutional Buyers1x
Shivchem Agro IPO overall subscription rate was 2.14 times the total available shares
Shivchem Agro IPO retail subscription rate was 3.5 times in the retail segment
Shivchem Agro IPO non-institutional investor subscription rate was 1 times in the non-institutional investor category
Shivchem Agro IPO Qualified Institutional Bidder subscription rate was 1 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Sep 2026 (Day 3) | 3.5x | 1x | 1x |
29 Sep 2026 (Day 2) | 0.68x | 0.64x | 0x |
28 Sep 2026 (Day 1) | 0.1x | 0.12x | 0x |
Shivchem Agro FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 33.8 | 3.2 | 1.8 | 1.4 | 17.7% |
| FY25 | 27.5 | 2.6 | -3.0 | -5.9 | 15.8% |
| FY24 | 10.9 | 1.3 | -4.3 | -5.7 | 17.6% |
Shivchem Agro IPO SUBSCRIPTION STATUS DETAILS
Shivchem Agro has 2.3 M shares on offer
Shivchem Agro IPO offer price is in the range ₹59 - ₹62
Shivchem Agro IPO minimum Investment is ₹236000
Shivchem Agro IPO issue size is ₹ 133.3 M - ₹ 140.1 M
Shivchem Agro has a minimum lot size of 2000 Shares per application
Shivchem Agro NUMBER OF SHARES ON OFFER
Total2.3 M
Fresh Issue2.3 M
Offer for Sale0
Post Issue Promoter Holding %62.39 %
Shivchem Agro IPO IMPORTANT DATES
| Issue Open Date | 28 Sep 2026 |
| Issue close Date | 30 Sep 2026 |
| Allotment Date | 01 Oct 2026 |
| Refund Date | 05 Oct 2026 |
| Demat Account Credit Date | 05 Oct 2026 |
| Listing Date | 06 Oct 2026 |
| Listing on Exchange(s) | BSE |
| Shivchem Agro Allotment Status | Exchange/ Registrar |
Shivchem Agro IPO subscription opens on 28 Sep 2026, and closes on 30 Sep 2026
IPO allotment for Shivchem Agro is expected to be finalized on Thursday, 01 Oct 2026
IPO listing for Shivchem Agro will be on BSE on Tuesday, 06 Oct 2026
Shivchem Agro Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shivchem Agro Ltd. | 62 | 46.7 | 14.4 | 0.6 | 1.4 | 25.1 | 7.2 | 33.8 | 23 | 3.2 | 24.9 | 4.3 | 24.9 |
| Coromandel International Ltd. | 1801.4 | 53152.3 | 29 | -1.5 | 1.6 | 15.6 | 8 | 31827.4 | 30.2 | 1956.2 | -5.3 | 62.1 | -19 |
| The Fertilisers and Chemicals Travancore Ltd. | 731.8 | 47349.5 | -447.5 | 2.1 | 8 | -2.9 | -0.7 | 5900.1 | 38.3 | -39.6 | -196 | -1.6 | -212.4 |
| Paradeep Phosphates Ltd. | 153.6 | 15951.7 | 14.9 | 0.4 | 0.7 | 14.7 | 5.6 | 21972.9 | 57.7 | 996.4 | 80.6 | 10.3 | 33.6 |
| Chambal Fertilisers & Chemicals Ltd. | 397.6 | 15929.9 | 8.3 | 0.8 | 0.8 | 18.8 | 13.6 | 20920.5 | 24.1 | 1953.4 | 18.4 | 48.1 | 10.2 |
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 586.3 | 8615.1 | 8.3 | 0.1 | 1 | 8.9 | 7.1 | 8272 | -1.4 | 808.6 | 35.3 | 70.6 | 84.5 |
Annual
Balance Sheet
Ratios
Cash Flow
Shivchem Agro annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 33.8 | 27.5 | 11 | ||
Operating Exp. Ann. | 27.8 | 23.1 | 9 | |
Operating Profit Ann. | 6 | 4.3 | 1.9 | |
OPM Ann. % | 17.67% | 15.72% | 17.63% | |
| 29.4 | 24 | 9.2 | ||
EBITDA Ann. | 6 | 4.4 | 1.9 | |
EBITDA Ann. margin % | 17.74% | 15.86% | 17.69% | |
Interest Ann. | 1.3 | 0.7 | 0.2 | |
Depr. | 0.3 | 0.1 | 0.1 | |
PBT Ann. | 4.4 | 3.5 | 1.7 | |
Tax Ann. | 1.2 | 0.9 | 0.4 | |
| 3.3 | 2.6 | 1.3 | ||
Net Profit Ann. | 3.3 | 2.6 | 1.3 | |
NPM Ann. % | 9.60% | 9.47% | 11.82% | |
EPS Adj. latest Ann. | 4.3 | 3.5 | 1.7 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
22.9%
2Y CAGR
75.3%
Net Profit Ann.
1Y CHG
26.9%
2Y CAGR
59.3%
Operating Exp. Ann.
1Y CHG
20.3%
2Y CAGR
75.8%
Shivchem Agro INFORMATION ON IPO ISSUE
About Shivchem Agro
Shivchem Agro was incorporated on September 12, 2021. The company is an Indian agrochemical manufacturer engaged in the production, stocking, distribution and sale of agricultural formulations. Its portfolio includes insecticides, fungicides, herbicides, plant growth regulators, rodenticides and fertilizers in solid and liquid forms
Object of the Issue
- Funding the working capital requirements of the company
- Repayment/prepayment, in full or part, of certain loans availed by the company
- General corporate purpose
Shivchem Agro - PROMOTERS
| Name |
|---|
| Rohit Agarwal |
| Sachin Agarwal |
| Deepa Agarwal |
Shivchem Agro - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Rohit Agarwal | Chairman & Executive Director |
| Sachin Agarwal | Managing Director |
| Deepa Agarwal | Non-Executive Director |
| Ayushi Sharma | Non-Executive & Independent Director |
| Rajeev Gupta | Non-Executive & Independent Director |
Shivchem Agro Book Running Lead Manager
Shannon Advisors Private Limited
sme.ipo@shannon.co.in
Shivchem Agro Registrar to the Offer
Maashitla Securities Private Limited
investor.ipo@maashitla.com
Shivchem Agro Strengths
Strong distributor network
The company has built relationships with distributors across various states, helping expand its distribution network and market reach. It has 516 distributors supported by a 23-member sales and marketing team that promotes products and provides customer service
Strength
Farmer support initiatives
The company conducts on-field demonstrations through a 16-member team to guide farmers on correct product dosage and application techniques. It also provides demonstration videos through its website and YouTube channel, helping farmers make informed decisions and use products effectively
Strength
Diversified product portfolio
The company holds licenses to manufacture 176 agrochemical products, including insecticides, fungicides, herbicides, plant growth regulators and rodenticides. It also holds a license under the Fertilizer Control Order, 1985 to manufacture 82 fertilizers
Strength
Shivchem Agro Risks
Quality compliance risk
The company must meet strict technical and quality standards for its agrochemical products, with non-compliance potentially leading to license cancellation, customer loss and reputational damage. Manufacturing issues, raw material inconsistencies or environmental factors may result in product rejection, customer complaints or legal action
Risk
Product obsolescence risk
The company’s products may become less effective or obsolete due to pest resistance, changing farming practices, alternative technologies and evolving regulations. Delays in developing or obtaining approvals for new formulations or replacing phased-out products could adversely affect its revenues, profitability and business prospects
Risk
Weather related risk
The company’s agrochemical business is sensitive to monsoons, droughts, floods, cyclones and other weather changes that can affect crop yields and pest levels. Unfavourable weather may reduce or delay crop planting and agrochemical demand, causing fluctuations in sales, product mix and financial performance
Risk
IPO FAQs
The promoters of the company are Rohit Agarwal, Sachin Agarwal and Deepa Agarwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 59.0 - 62.0.
The IPO application opens on Sep 28, 2026 and closes on Sep 30, 2026.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 236,000.0, the maximum value for this IPO is Rs 248,000.0.
This IPO will be allotted on Oct 01, 2026.
The refund will be credited to your account on Oct 05, 2026.
The allotted shares will be credited to your demat on Oct 05, 2026.
Shivchem Agro Ltd.’s shares will list on the stock exchanges on Oct 06, 2026.