Shivam Chemicals IPO allotment today: Here's how to check your application status
₹44 per share. Step 1: Log in at direct Cameo Corporate Services link — https://ipo.cameoindia.com/ Step 2: Choose "Shivam Chemicals IPO" under the company name field. Step 3: Add "PAN Number, Beneficiary ID, or Application No./CAF No." Step 4: Click at 'Search' You will be able to view your Shivam Chemicals IPO status.
The IPO of Shivam Chemicals and Minerals has received a robust response from investors. The issue was subscribed 6.61 times till the third and the last day of the bidding process (April 25). The public issue received bids for 2.87 crore equity shares as against 43.56 lakh shares on the offer.
The retail investor portion of the IPO was subscribed 8.88 times while the Non-Institutional Investors (NII) category was bid 4.33 times. The ₹20.18 crore Shivam Chemicals IPO is entirely a fresh issue. The IPO lot size is 3,000 shares and the minimum investment amount required by retail investors is ₹1.32 lakh.
The company has proposed to utilise the net IPO proceeds towards funding working capital requirements, investment in a subsidiary company for financing the augmentation of its working capital capabilities and general corporate purposes. Aryaman Financial Services is the book-running lead manager of the Shivam Chemicals IPO, while Cameo Corporate Services is the IPO registrar. Sanjiv Vasant, Soham Vasant and Shivam Vasant are the promoters of Shivam Chemicals.
The company is engaged in distributing animal feed or poultry products and is also in the business of manufacturing hydrated lime. On its allotment day, Shivam Chemicals IPO is commanding a grey market premium of ₹2 per share. This indicates that the company listing is estimated to be at ₹46 per share, a premium of 4.55 percent to the issue price.
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