Rudra Shares and Stock Brokers LTD.
ABOUT US | CONTACT US| CAREER
BACKOFFICE LOGIN
INDIA INX Global
  ONLINE TRADING
search
Equity

IPO News

BSE SME IPO of Shivam Chemical subscribed 95%
(17:15, 23 Apr 2024)
The initial public offer (IPO) of Shivam Chemical received bids for 43,77,000 shares as against 45,87,000 shares on offer, as per BSE data as of 17:00 hours on Tuesday, (23 April 2024). The issue was subscribed 0.95 times.

The issue opened for bidding on Tuesday, (23 April 2024) and it will close on Thursday, (25 April 2024). The price of the IPO is fixed at Rs 44 per share. The minimum order quantity is 3,000 equity shares. The equity shares will list on BSE?s SME platform.

The IPO comprises fresh issue of 45,87,000 equity shares. The promoter and promoter group shareholding will dilute to 73% from 100% Pre-IPO.

About 2,31,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 43,56,000 equity shares. The issue and the net issue will constitute 27.00 % and 25.64% respectively of the post offer paid up equity share capital of the company.

The company intends to utilize the net proceeds to funding working capital requirements of the company, investment in subsidiary company, Shivam Chemicals & Minerals for financing the augmentation of its working capital capabilities and general corporate purposes.

Shivam Chemicals is a manufacturer of Hydrated Lime (Calcium Hydroxide) and a distributor of various animal feed products, including Poultry Feed Supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, and Limestone Powder. They have built a strong network of distributors across India, supplying over 2.5 lakh metric tons of products to well-renowned manufacturers. As on 31 December 2023 the company has 25 employees.

The company recorded revenue from operations of Rs 106.93 crore and net profit of Rs 0.70 crore for the period as on 31 December 2023.

Powered by Capital Market - Live News

ATTENTION INVESTORS : Prevent unauthorised transactions in your account Update your mobile numbers / email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .... Issued in the interest of Investors.    ||     Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.   ||    KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Attention Investors

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020

2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on
your email id and/or mobile number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191
dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

(Issued in the interest of Investors.)

Important Message

This is to inform that, many instances were reported by general public where fraudsters are cheating general public by misusing our brand name RUDRA SHARES.
The fraudsters are luring the general public to transfer them money by falsely committing attractive brokerage / investment schemes of share market and/or Mutual Funds
and/or personal loan facilities. Though as for as possible, we initiate legal actions against the fraudsters, we request you to not fall prey to such fraudsters. You can check
about our products and services by visiting our website www.rudrashares.com. You can also write to us at compliance@rudrashares.com, to know more about products and services.

SEBI REGN. (STOCK BROKER) - NSE-CM/FO/CD / BSE-CM/FO/CD / MCX / NCDEX - INZ000004937
SEBI REGN. (DP)IN-DP-558-2021
@ 2015. ALL RIGHTS RESERVED. RUDRA SHARES & STOCK BROKERS LTD.
Designed, developed and powered by C-MOTS Infotech (ISO 9001:2015 certified)