Shivchem Agro IPO Details: Key Dates, Price Band & Investment Overview

By Wealthova | Last Updated: September 25, 2026

Shivchem Agro Limited, an established player in the Indian agrochemical industry, is gearing up to make its primary market debut with an upcoming ₹14.01 Crore SME IPO. Operating as a premier manufacturer and distributor of agricultural formulations, the company focuses on delivering a diversified portfolio that includes insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and fertilizers in solid and liquid forms. The business operates a highly targeted B2B distribution model—backed by an extensive network of over 685 distributors across eight states and supported by strong on-field product demonstration capabilities. Empowered by its state-of-the-art automated manufacturing facility in Jhajjar, Haryana, Shivchem Agro efficiently captures the growing demand within India’s agricultural sector. The subscription window for this book-built issue opens on September 28, 2026, and closes on September 30, 2026. The price band is set between ₹59 to ₹62 per equity share. The ₹14.01 Crore offering comprises entirely a Fresh Issue, with absolutely no Offer for Sale (OFS) component. Retail investors must apply for a minimum of 2 lots (4,000 shares), requiring an investment of ₹2,48,000 at the upper price band. The company plans to utilize the fresh capital primarily to fund its growing working capital requirements (₹6.90 Crore) to support business expansion, the repayment and pre-payment of certain outstanding borrowings (₹3.50 Crore), and for general corporate purposes. Set to list on the BSE SME platform, market participants are closely watching this fast-growing agrochemical enterprise, backed by a robust FY26 revenue from operations of ₹33.82 Crore and a net profit of ₹3.25 Crore. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!

Incorporated in 2021 and headquartered in New Delhi, Shivchem Agro Limited is a rapidly growing Indian agrochemical company engaged in the manufacturing, stocking, distribution, and sale of specialized agricultural formulations. The company operates a robust, quality-driven B2B business model aimed at enhancing crop protection and yields across India's agricultural heartlands. Its operations are driven by two core pillars:

• Diversified Product Portfolio & Manufacturing: Shivchem Agro operates a dedicated 22,680 sq. ft. manufacturing facility in Jhajjar, Haryana. The facility is equipped with fully automatic filling and packaging machinery, an effluent treatment plant for wastewater management, and a wet scrubber unit for emission control. The company holds ISO 9001:2015, ISO 22000:2018, and ISO 31000:2018 certifications. Under the Insecticides Act (1968), it holds manufacturing licenses for 176 agrochemical products (including 88 insecticides, 40 fungicides, 37 herbicides, 8 plant growth regulators, and 3 rodenticides) alongside 82 fertilizers authorized under the Fertilizer Control Order (1985).
• Extensive Distribution & Field Demonstration: The company has aggressively scaled its market reach, holding licenses to distribute across eight states, including high-demand regions like Andhra Pradesh, Telangana, Assam, and Odisha. Supported by five regional godowns, Shivchem Agro's products are sold through a massive network of 685 distributors and over 2,000 retailers. To drive product adoption, the company utilizes a specialized on-field demonstration team that directly engages with farmers to educate them on precise product dosage, application techniques, and shifting sowing patterns.

The upcoming ₹14.01 Crore SME IPO is entirely a Fresh Issue of ₹14.01 Crore (22.60 lakh shares). There is absolutely no Offer for Sale (OFS) component, meaning 100% of the raised capital will be deployed directly into the company to drive its next phase of growth.

The net proceeds from the fresh capital are strategically allocated across the following primary objectives:

• Funding Working Capital Requirements (₹6.90 Crore): As an agrochemical manufacturer experiencing aggressive top-line growth, the company requires significant liquidity to manage inventory, fund trade receivables, and support day-to-day operations across its expanding network of godowns and distributors.
• Repayment and Pre-payment of Debt (₹3.50 Crore): The company will utilize this portion of the capital to partially or fully retire outstanding borrowings, including business loans, vehicle loans, and existing working capital facilities. This strategic deleveraging will reduce interest burdens and immediately improve bottom-line profitability margins.
• General Corporate Purposes: The residual balance (capped at 15% of the total raised) will be deployed toward meeting ongoing operating expenses, expanding marketing capabilities, funding development costs, and supporting general business contingencies as the company scales its operations.