Shiv Texchem SME IPO Details, Financials, Valuation & Peers

Shiv Texchem Limited is an importer and distributor of hydrocarbon-based chemicals, specializing in secondary and tertiary chemicals derived from base chemicals such as Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols, Phenolics, Ketones, and Isocyanates. These chemicals are vital raw materials for industries like paints and coatings, printing inks, agrochemicals, pharmaceuticals, specialty polymers, and industrial chemicals. With a wide array of products sourced from countries including China, South Korea, USA, Netherlands, and Italy, Shiv Texchem serves a broad customer base, which includes companies like Apcotex Industries and Gujarat Fluorochemicals. The company has steadily expanded its product portfolio and customer base over the years, growing from 21 products and 400 customers in 2022 to 43 products and over 700 customers by mid-2024.

Key Points:

• Core Business: Import and distribution of hydrocarbon-based chemicals used across diverse industries like paints, coatings, agrochemicals, pharmaceuticals, and specialty chemicals.
• Product Portfolio: 43 products by June 2024, including Acetyls, Alcohols, Aromatics, Ketones, and Isocyanates.
• Customer Base: Serving over 700 customers as of mid-2024, including key industry players like Apcotex Industries and Hemani Industries.
• Global Sourcing: Sourcing chemicals from countries such as China, South Korea, USA, Netherlands, and Italy.
• Growth Trajectory: Expanded its supplier network from 30 in 2022 to over 65 by June 2024, with a focus on continuous growth and diversification.