
Shivchem Agro IPO Listing: Shares Debut Flat at Rs 62 on BSE SME, Check Share Price Today
Shivchem Agro lists at Rs 62 on BSE SME, flat versus issue price. Subscribed about 2.1 times. Issue size Rs 14.01 Cr.
Updated: 6 Oct 2026 • 10:53 am
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Quick Answer
The Shivchem Agro IPO listing today saw the stock debut at Rs 62 on the BSE SME platform, exactly at its Rs 62 issue price. Anyone checking the Shivchem Agro share price today will find a flat start for the agrochemicals and fertilisers company, whose issue was subscribed only about 2.1 times.
Shivchem Agro IPO Listing Today: The IPO closed subscription on 30 September 2026 at about 2.1 times overall, with retail investors at 3.5 times and both QIBs and NIIs at about 1.0 times. Here is a recap of the offer, the terms of the Shivchem Agro IPO listing, and how the stock traded once it opened on 6 October.
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Shivchem Agro IPO Listing: Issue Details
Shivchem Agro Limited raised Rs 14.01 crore through an entirely fresh issue of 22,60,000 shares, with no offer for sale. The issue listed on the BSE SME platform on 6 October 2026. Bidding ran from 28 September to 30 September 2026, at a face value of Rs 5 per share and a price band of Rs 59 to Rs 62 per share. Proceeds are meant mainly for working capital of about Rs 6.90 crore and debt repayment of about Rs 3.50 crore.
| Particular | Detail |
|---|---|
| Allotment Date | 1 October 2026 |
| IPO Open Date | 28 September 2026 |
| IPO Close Date | 30 September 2026 |
| Refund Initiation | 5 October 2026 |
| Issue Size | Rs 14.01 crore (22,60,000 shares, entirely fresh) |
| Face Value | Rs 5 per share |
| Lot Size | 2,000 shares |
| Issue Price | Rs 62 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Listing Date | 6 October 2026 |
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Shivchem Agro IPO Listing Price and Performance
Shares of the Shivchem Agro IPO listing opened at Rs 62 on the BSE SME platform, exactly at the issue price, so allottees made no gain or loss at the open. Retail investors needed a minimum of two lots, or 4,000 shares, costing Rs 2.48 lakh.
About the Shivchem Agro IPO
Shivchem Agro Limited, incorporated in 2021, manufactures and sells agrochemicals such as herbicides and fungicides along with fertilisers, holding licences for 176 agrochemical products and 82 fertilisers, and selling entirely in the domestic market with a heavy dependence on Andhra Pradesh and Assam. Promoters of the company are Rohit Agarwal, Sachin Agarwal and Deepa Agarwal. Shannon Advisors was the book running lead manager, Maashitla Securities is the registrar and Nikunj Stock Brokers is the market maker. Investors weighing the Shivchem Agro IPO listing should note that trade receivables of about Rs 17 crore equal roughly half of FY26 revenue.
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Shivchem Agro Financials
Here is how the company has performed financially, useful context for anyone checking the Shivchem Agro share price today after the Shivchem Agro IPO listing.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Revenue from Operations | 33.82 | 27.46 | 10.94 |
| Profit After Tax | 3.25 | 2.60 | 1.29 |
Explanation
Revenue from operations grew about 23 percent in FY26 to Rs 33.82 crore, after a jump from Rs 10.94 crore in FY24, and profit after tax rose to Rs 3.25 crore with an EBITDA margin of about 17.7 percent. Growth has been fast, but operating cash flow was negative in FY24 and FY25 and receivables are high, which keeps the Shivchem Agro IPO listing at par rather than at a premium.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Shivchem Agro IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Shivchem Agro IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What was the Shivchem Agro IPO listing price?
Ans. Shivchem Agro shares listed at Rs 62 on the BSE SME platform, exactly at the Rs 62 issue price.
Was the Shivchem Agro IPO listing a premium or a discount?
Ans. It was a flat listing, neither a premium nor a discount.
How much was the Shivchem Agro IPO subscribed?
Ans. The IPO was subscribed about 2.1 times overall, with retail investors at 3.5 times and both QIBs and NIIs at about 1.0 times.
What is the issue price of the Shivchem Agro IPO?
Ans. The issue price was fixed at Rs 62 per share, the top of the Rs 59 to Rs 62 price band.
What is the lot size of the Shivchem Agro IPO?
Ans. The lot size was 2,000 shares, and retail investors needed a minimum of two lots, or 4,000 shares, costing about Rs 2,48,000.
Who is the registrar for the Shivchem Agro IPO?
Ans. Maashitla Securities Private Limited is the registrar.
What does Shivchem Agro do?
Ans. Shivchem Agro manufactures and sells agrochemicals such as herbicides and fungicides and fertilisers, mainly in the domestic market.
Where can I check the Shivchem Agro share price today?
Ans. You can check the Shivchem Agro share price today on the BSE SME platform, or through the Univest platform.
Should I hold shares after the Shivchem Agro IPO listing?
Ans. That depends on your own risk appetite and time horizon. Worth weighing the rapid growth against the high receivables and regional concentration before deciding whether to hold or book profit after the Shivchem Agro IPO listing.
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