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News Details

( As on 23/09/2026 20:00)

Shivchem Agro announces launch of initial public offering

Shivchem Agro Ltd. has announced public offering of 2260000 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 57.00 per share. The gross proceeds of the issue are expected to be Rs 1,401.20 lakhs.

The company's initial public offer (IPO) will open on 28 September 2026 and is expected to close on 30 September 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 59.00-62.00 per share.

The IPO includes a fresh Issue of 2260000 Equity Shares of the Company at an price of Rs 62.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Shivchem Agro Ltd. anticipates using the proceeds of the issue for .

Shannon Advisors Pvt. Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.