IPO Details of Shiv Texchem Limited

 

Face Value: ₹10 per share
Price Band: ₹158 to ₹166 per share 

Lot Size: 800 shares 

Fresh Issue: 6,105,600 shares

Listing Date: October 15, 2024

 

About the company

 

Shiv Texchem Limited founded in 2005, imports and distributes hydrocarbon-based chemicals used in various industries, such as paints, printing inks, agricultural chemicals, polymers, pharmaceuticals, and other specialty chemicals. 

 

The company acts as the vital link between global chemical producers and domestic industries, ensuring that manufacturers always have access to top-quality raw materials. By expertly sourcing from international suppliers and distributing within the country, they guarantee a consistent, timely flow of essential chemicals, helping industries run smoothly and efficiently.  

 

Shiv Texchem supplies chemicals to renowned organizations like Apcotex Industries, Hemani Industries, and Gujarat Fluorochemicals. These chemicals are sourced from a global network of suppliers, including China, Taiwan, South Korea, Kuwait, Qatar, the United States, the Netherlands, Belgium, and Italy. 

 

The company has a huge product portfolio which includes: Acetyls, Alcohols, Aromatics, Nitriles, Monomers, Glycols, Phenolics, Ketones, and Isocyanates. These chemicals are essential raw materials for many manufacturing processes. 

 

Over the past three years, the company has witnessed impressive growth, expanding its product range from 21 items to 39 and increasing its customer base from over 400 to over 650.

 

Vikas Pavankumar and Hemanshu S. Chokhani, along with their companies Pavankumar Sanwaria Realty Private Limited and Hemanshu Syntex Private Limited, are the key promoters driving this enterprise. 

 

For the financial year 2024, the company’s revenue increased by 37%, and Profit After Tax (PAT) rose by 88%.

 

IPO Details of Garuda Construction and Engineering Limited

 

Face Value: ₹5 per share
Price Band: ₹90 to ₹95 per share 

Lot Size: 157 shares 

Fresh Issue: 18,300,000 shares

Listing Date: October 15, 2024

 

About the company

 

Garuda Construction and Engineering, a construction company established in 2010, offers a wide array of construction services. These include residential, commercial, mixed-use, infrastructure, and industrial projects. They also provide specialized services like operation and maintenance, MEP(Mechanical, Electrical, and Plumbing), and finishing works for infrastructure and hospitality sectors.

 

Beyond being a construction company, Garuda Construction and Engineering Limited is a renowned EPC(Engineering, Procurement, and Construction) specialist. With extensive experience and a strong reputation, they offer comprehensive turnkey solutions that surpass your expectations. 

 

The company has a strong history of delivering successful construction projects, including the Golden Chariot Vasai Hotel & Spa and Golden Chariot Boutique Hotel in 2015. Since 2017, the company has been involved in residential development in the Mumbai Metropolitan Region, completing two projects. 

 

The company’s expanding footprint, with projects in MMR, Arunachal Pradesh, Karnataka, Rajasthan, and Punjab, has contributed significantly to its growth and reputation.

 

The company is led by Pravinkumar Brijendra Kumar Agarwal and his associated companies, PKH Ventures Limited and Makindian Township Private Limited.

 

Conclusion

 

Shiv Texchem and Garuda Construction, two prominent players in their industries, have made their stock market debut. Investors have the chance to be part of their growth journey. With a solid track record and innovative strategies, both companies are well-positioned to make a significant impact and deliver strong results. 

 

Check out the IPOs Performance in 2024 So Far and know the process of IPO in India. Your willingness to invest must consider How to Apply for an IPO. Also, watch why you should invest in an IPO. 

 

Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Please consult an expert before making any related decisions.