Shivchem Agro IPO
Agro Chemicals • ₹14cr
High risk because:
- 5 material risk factors disclosed in DRHP
- Working capital or debt pressure highlighted in DRHP
- Muted IPO demand (0.1x overall subscription)
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹28-30
Lot Size
2000 shares
Issue Size
₹14cr
Open
28 Sept 2026
Close
30 Sept 2026
Subscription
0.08×
GMP +₹6 → est. ₹36
IPO Schedule
| Issue Open Date | 28 Sept 2026 |
| Issue Close Date | 30 Sept 2026 |
| Allotment Date | 01 Oct 2026 |
| Listing Date | 06 Oct 2026 |
About Shivchem Agro
Shivchem Agro manufactures and distributes a wide range of agrochemicals and fertilizers designed for crop protection and yield enhancement. The company’s portfolio includes insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and various fertilizers. Operating from a manufacturing facility located in Jhajjar, Haryana, the business formulates chemical solutions to address diverse farming requirements. Shivchem Agro generates its revenue primarily through the sale and distribution of these agrochemical formulations across domestic markets, including Andhra Pradesh, Assam, Haryana, Telangana, Odisha, and Bihar. The company sells its offerings through an extensive distribution network, supported by strategically leased godowns across multiple Indian states to facilitate product supply and timely delivery. Raw materials are sourced from third-party suppliers on a purchase order basis to maintain continuous production. Shivchem Agro focuses on expanding its product portfolio, optimizing manufacturing capacity, and strengthening its regional market presence to effectively serve agricultural needs.
Company Details
Founders / Promoters
Mr Sachin Agarwal
Founded
2021
Registrar
Maashitla Securities Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Subscription Status
0.08×
Total Subscription
Grey Market Premium (GMP)
Issue Price
₹30
GMP
+₹6
Est. Listing
₹36
Est. Gain
+20.0%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
Shivchem Agro — IPOFins Verdict
QuantitativeDriven by overall subscription of 0.1x and elevated disclosed risk (8/10). SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- Portfolio of 176 agrochemicals and 82 fertilizers.
- In-house manufacturing facility in Jhajjar, Haryana.
- Network of 685 distributors across key domestic markets.
- Strategically located 5 godowns ensuring efficient regional product supply.
- Allocation of IPO funds for working capital expansion.
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Total demand signal → score −1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
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FAQ
What is the price band of Shivchem Agro IPO?
The price band is ₹28-30 per share with a lot size of 2000 shares. Minimum investment: ₹60,000.
What does Shivchem Agro do?
Shivchem Agro manufactures and distributes a wide range of agrochemicals and fertilizers designed for crop protection and yield enhancement. The company’s portfolio includes insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and various fertilizers. Operating from a manufacturing facility located in Jhajjar, Haryana, the business formulates chemical solutions to address diverse farming requirements. Shivchem Agro generates its revenue primarily through the sale and distribution of these agrochemical formulations across domestic markets, including Andhra Pradesh, Assam, Haryana, Telangana, Odisha, and Bihar. The company sells its offerings through an extensive distribution network, supported by strategically leased godowns across multiple Indian states to facilitate product supply and timely delivery. Raw materials are sourced from third-party suppliers on a purchase order basis to maintain continuous production. Shivchem Agro focuses on expanding its product portfolio, optimizing manufacturing capacity, and strengthening its regional market presence to effectively serve agricultural needs.
Should I apply for Shivchem Agro IPO?
Shivchem Agro is drawing muted interest at 0.1x overall subscription. IPOFins Score 2/10: Driven by overall subscription of 0.1x and elevated disclosed risk (8/10). SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Shivchem Agro?
Shivchem Agro was founded by Mr Sachin Agarwal in 2021.