Shivchem Agro Unlisted Share Price Drops 18.4% in Sep 2026

5 Oct 2026 · 7 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.

Shivchem Agro Limited saw its indicative unlisted share price decrease 18.4% from ₹76.0 on 21 Sep 2026 to ₹62.0 on 28 Sep 2026. Read the complete breakdown of its 90-day price trend, financial performance, and BSE SME IPO filing context.

Written by the BuyUnlistedShares desk · Published 5 Oct 2026 · Updated 5 Oct 2026

Information only, not investment advice.

Direct answer: The indicative price of Shivchem Agro Limited on BuyUnlistedShares dropped 18.4% from ₹76.0 on 21 Sep 2026 to ₹62.0 on 28 Sep 2026. Reported by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002, this move follows months of flat trading after the company filed its BSE SME DRHP.

Shivchem Agro Share Price Movement and 90-Day Trend

Between 07 Jul 2026 and 27 Sep 2026, the indicative unlisted share price for Shivchem Agro Limited remained constant at ₹76.0 per share. On 28 Sep 2026, indicative transaction values shifted down to ₹62.0 per share, marking an 18.4% drop over the prior week. The indicative price has stayed at ₹62.0 per share through 05 Oct 2026.

The indicative price chart demonstrates a horizontal trend at ₹76.0 from early July 2026 through late September 2026, followed by a single step down to ₹62.0 on 28 Sep 2026.

Because unlisted securities trade through private off-market transactions rather than on an electronic stock exchange, indicative prices reflect negotiated desk transfers rather than continuous order matching. Investors evaluating price levels across agrochemical peers can benchmark movements using the Unlisted shares screener.

Business Profile and Key Corporate Milestones

Incorporated in 2021 and headquartered in Delhi, Shivchem Agro Limited manufactures, stocks, and distributes agricultural formulation products across India. Its core product line includes insecticides, herbicides, fungicides, plant growth regulators, rodenticides, and water-soluble NPK fertilizers available in both liquid and powder forms. The company operates a primary manufacturing facility in Jhajjar, Haryana, equipped with an effluent-treatment plant and a wet-scrubber unit for air and wastewater management.

Shivchem Agro sells through state-level distribution channels supported by six godowns located across Andhra Pradesh, Telangana, Odisha, Assam, and Madhya Pradesh. Per its offer documents, the company expanded its network to 516 active distributors as of March 31, 2025. Furthermore, its portfolio of licensed manufacturing formulations expanded from 35 in FY23 to 258 in FY25.

Key corporate actions recorded in company filings include:

• 22 Oct 2024: Shareholders resolved to convert the firm from a private limited company to a public limited entity, altering the legal name to Shivchem Agro Limited.
• 19 Nov 2024: The Registrar of Companies issued a fresh certificate of incorporation reflecting public limited status.
• 29 Sep 2025: The company dated and filed its Draft Red Herring Prospectus (DRHP) for a proposed initial public offering on the BSE SME platform.
• 29 Dec 2025: An addendum to the original DRHP was issued to update regulatory disclosures.

For more details on the proposed issue structure, refer to the detailed analysis on Shivchem Agro IPO 2026: Open SME Issue, Dates, Price Band & Lot Size.

Financial Performance and Key Balance Sheet Metrics

Per the company's financial reports and DRHP disclosures, Shivchem Agro Limited has recorded rapid revenue and profit expansion over recent fiscal years. Total revenue increased from ₹228.41 lakh (₹2.28 Cr) in FY23 to ₹1,094.25 lakh (₹10.95 Cr) in FY24, reaching ₹2,746.50 lakh (₹27.50 Cr) in FY25. Net profit after tax (PAT) rose from ₹12.72 lakh in FY23 to ₹129.36 lakh in FY24 and ₹251.18 lakh in FY25.

The multi-year financial chart highlights steady top-line and bottom-line scaling from FY23 to FY25, driven by product additions and expanded distribution reach.

As of 03 Oct 2026, the company's balance sheet reflects a total net worth of ₹961.64 lakh and total borrowings of ₹826.00 lakh, resulting in a debt-to-equity ratio of 0.86. Operating profit margin (OPM) stood at 15.5% for FY25, while net profit margin (NPM) was recorded at 9.1%. Return on equity (ROE) reached 27.14% as of FY25.

Valuation Context and Off-Market Trading Terms

At the indicative price of ₹62.0 per share on 05 Oct 2026, Shivchem Agro Limited carries an implied market capitalisation of ₹40.0 Cr, based on 52,72,873 pre-issue outstanding equity shares (face value ₹5.00 per share). Key valuation multiples tracked by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 include a Price-to-Earnings (P/E) ratio of 15.35x and a Price-to-Book (P/B) ratio of 4.15x against a reported book value of ₹18.33 per share.

For private transactions on the desk, the minimum trading lot size is fixed at 330 equity shares, translating to a minimum order value of ₹25,080 at current indicative levels. Investors tracking pre-IPO timelines and DRHP approvals can monitor the IPO calendar for listing updates.

Risks and Investment Mechanics in Unlisted Equities

Investing in pre-IPO securities carries specific structural risks that differ from listed mainboard equities:

• Liquidity and Trading Risk: Unlisted shares do not trade on a continuous stock exchange floor. Buying or selling depends on off-market liquidity and private counterparty availability.
• IPO Uncertainty: While Shivchem Agro Limited filed its DRHP on 29 Sep 2025 and issued an addendum on 29 Dec 2025, regulatory review timelines and market conditions determine whether the issue ultimately proceeds to listing.
• Valuation Variability: Indicative unlisted prices are set by individual desk transactions rather than automated order matching, leading to occasional step-adjustments in price quotes.

To better understand how deal execution, transfer mechanisms, and demat settlements function, investors can read How to Choose the Best App to Buy Unlisted Shares in India.

To check current availability or request transaction details for Shivchem Agro Limited, visit BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 and submit an enquiry with our dealing team.

Frequently Asked Questions

What was the recent price movement in Shivchem Agro unlisted shares?

The indicative price of Shivchem Agro Limited moved from ₹76.0 on 21 Sep 2026 to ₹62.0 on 28 Sep 2026, representing an 18.4% decline, where it has remained flat through 05 Oct 2026.

Has Shivchem Agro Limited filed for an IPO?

Yes. Shivchem Agro Limited filed its Draft Red Herring Prospectus (DRHP) on 29 Sep 2025 for a proposed SME initial public offering on the BSE SME platform, followed by an addendum on 29 Dec 2025.

What is the minimum investment required for Shivchem Agro unlisted shares?

Based on the minimum lot size of 330 equity shares and an indicative price of ₹62.0 as of 05 Oct 2026, the minimum transaction value is ₹25,080.

What were Shivchem Agro's financial results for FY25?

For FY25 (2024-25), Shivchem Agro Limited reported total revenue of ₹2,746.50 lakh (₹27.50 Cr) and a net profit after tax (PAT) of ₹251.18 lakh (₹2.51 Cr), compared to ₹1,094.25 lakh revenue and ₹129.36 lakh PAT in FY24.

Is Shivchem Agro unlisted share suitable for my portfolio?

We do not make that call or provide investment advice. Unlisted and pre-IPO shares involve illiquidity, price discovery risks, and regulatory timing uncertainties. Prospective buyers should evaluate their own risk tolerance and conduct independent due diligence before transacting.

Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.