Shiv Texchem shares to list today. Here's what to expect
Shiv Texchem will debut on the BSE SME platform later today. Ahead of the listing, the company's shares traded with a GMP of Rs 65.
Considering the upper price band of Rs 166, the stock is expected to list at a premium of 39% over the issue price.
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
The net proceeds from the public offer will be used for long term working capital requirements and general corporate purposes.
The company is primarily engaged in the business of importing and distribution of hydrocarbon-based chemicals of the product family viz. Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates, which are critical raw materials and inputs and have application across a wide spectrum of industries.
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