Phychem Technologies IPO: Price Band, Lot Size, Financials & Review
Phychem Technologies IPO listed on BSE on Mon, 7 Sep 2026. The issue was subscribed 2.05x overall.
- Open Date
- 31 Aug 2026
- Close Date
- 2 Sep 2026
Last updated
- Price band
- ₹51 – ₹54
- Lot size
- 2,000 shares
- Min. investment
- ₹2,16,000
- Issue size
- ₹14.58 Cr
- Last GMP
- +₹1
- Subscribed
- 🔥 2.05x
Phychem Technologies IPO details
Phychem Technologies IPO is a ₹14.58 Cr book-building IPO on the SME segment, listing on BSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Mon, 31 Aug 2026 to Wed, 2 Sep 2026. Allotment was finalised on Thu, 3 Sep 2026, and the shares listed on BSE on Mon, 7 Sep 2026.
The price band is ₹51 to ₹54 per share and the lot size is 2000 shares, so the minimum retail application is ₹2,16,000. Retail investors can apply for up to 2 lots (4,000 shares, ₹2,16,000).
MUFG Intime India Pvt Ltd is the registrar.
Grey market premium (GMP)
Day-wise GMP →The last Phychem Technologies IPO GMP before listing was +₹1 (+1.85% against the upper price band of ₹54), implying an estimated listing price of ₹55. Across 10 days of tracking, GMP ranged from +₹1 (31 Aug) to +₹3 (29 Aug).
| Last GMP | +₹1 |
|---|---|
| GMP vs upper band | +1.85% |
| Estimated listing price | ₹55 |
| Highest (29 Aug) | +₹3 |
| Lowest (31 Aug) | +₹1 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Phychem Technologies IPO day-wise GMP.
Subscription
Day-wise subscription →Phychem Technologies IPO was subscribed 2.05x overall: QIB 3.53x, NII 1.65x and retail 1.38x.
| Category | Subscribed |
|---|---|
| QIB | 3.53x |
| NII | 1.65x |
| └ bNII (above ₹10 lakh) | 1.86x |
| └ sNII (₹2–10 lakh) | 1.24x |
| Retail | 1.38x |
| Total | 2.05x |
Final figures at the close of bidding on 2 Sep 2026. Category-wise bids, application-wise breakup and allotment chances are on the Phychem Technologies IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 7,62,000 | 29.98% |
| Qualified Institutions | 5,10,000 | 19.83% |
| Non-Institutional | 3,90,000 | 15.07% |
| └ BNII | 2,58,000 | 0.00% |
| └ SNII | 1,32,000 | 0.00% |
| Retail Investors | 9,00,000 | 35.13% |
| Total | 27,00,000 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Phychem Technologies IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,16,000 |
| Retail (Max) | 2 | 4,000 | ₹2,16,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,24,000 |
| S-HNI (Max) | 9 | 18,000 | ₹9,72,000 |
| B-HNI (Min) | 10 | 20,000 | ₹10,80,000 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹54, the issue is priced at 14.32x pre-issue earnings and 19.42x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
| EPS (pre-issue) Latest earnings per share before the issue | ₹3.77 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 14.32x |
| EPS (post-issue) EPS on the enlarged share capital | ₹2.78 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 19.42x |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 0.00% |
Phychem Technologies Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹51.11 Cr to ₹57.48 Cr, and profit after tax rose from ₹2.84 Cr to ₹4.09 Cr. The PAT margin for 31 Mar 2026 was 7.12%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 25.32 | 20.75 | 17.83 |
| Total Income | 57.48 | 51.11 | 47.59 |
| Profit After Tax | 4.09 | 2.84 | 1.69 |
| EBITDA | 6.09 | 4.37 | 2.76 |
| Net Worth | 13.79 | 9,69,930.00 | 6.86 |
| Reserve & Surplus | 6.25 | 9.41 | 6.57 |
| Total Borrowings | 5.91 | 4.59 | 5.61 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 34.82 | 34.33 | 28.18 |
| ROCE % | 32.73 | 31.99 | 23.27 |
| Debt / Equity | 0.43 | 0.47 | 0.82 |
| RoNW % | 24.70 | 29.30 | 29.66 |
| Pat Margin % | 7.24 | 5.65 | 3.61 |
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Repayment in full or in part, of certain of our outstanding borrowings |
| 2 | Funding the capital expenditure towards procurement of plant and machinery |
| 3 | Funding to meet working capital requirements |
| 4 | General Corporate Purpose |
About Phychem Technologies Limited
Phychem Technologies is engaged in the manufacturing of rotational molding (roto molding) compounds, which are specialized raw materials used in the production of hollow plastic products through the rotational molding process.
Products and Manufacturing
The company primarily manufactures customized polyethylene-based roto molding compounds using materials such as Linear Low-Density Polyethylene (LLDPE), High-Density Polyethylene (HDPE), and specialty additives. These compounds are supplied in powder and granule forms and are customized according to the technical and performance requirements of customers.
The compounds are used by manufacturers of a wide range of hollow and molded plastic products, including:
Water, fuel, and chemical storage tanks
Portable toilets and sanitation products
Industrial containers
Plastic furniture
Agricultural and construction products
Automotive components
Customized molded plastic parts
Phychem Technologies also offers specialized compounds with properties such as foam effect, stone effect, flame retardancy, anti-static performance, and customized colors, enabling customers to manufacture products with specific functional and aesthetic characteristics.
Custom Manufacturing and Jobwork Services
In addition to manufacturing roto molding compounds, the company provides custom molding and specialized processing services. These include the manufacture of customized tanks and other molded products based on customer specifications.
The company also undertakes various jobwork activities, including:
Rotolining: Internal lining/coating of tanks and containers to improve chemical resistance and protect the underlying material.
Toll Pulverizing: Custom grinding and pulverizing of polymers and other plastic materials according to customer requirements.
Industries Served
Phychem Technologies caters to customers across multiple industries, including:
Construction and infrastructure
Water management and storage
Agriculture
Automotive
Chemical and industrial applications
Sanitation
Consumer products
General engineering and plastic processing
Manufacturing Facility and Quality
The company's manufacturing facility is located at Khatwad, Dindori, Nashik, Maharashtra. The facility is supported by an in-house laboratory and quality control department, enabling the company to monitor raw materials, production processes, and finished products.
Phychem Technologies is ISO 9001:2015 certified, reflecting its focus on quality management and standardized manufacturing processes. The company is also recognized as a One Star Export House by the Ministry of Commerce and Industry, Government of India.
Export Market
The company has an international customer base and exports its products to various countries across the Middle East, Asia, Africa, and other international markets. Its export destinations include Bahrain, Bangladesh, Iraq, Kuwait, Nigeria, Saudi Arabia, South Africa, Thailand, Turkey, the United Arab Emirates (UAE), and several other countries.
Distribution Business
Apart from its own manufacturing operations, Phychem Technologies also generates revenue through the distribution of imported products, equipment, and specialty chemicals used in the rotational molding and plastics processing industry.
The company acts as an authorized distributor for products from international manufacturers in several specialized categories, including:
Paints and coatings from the UK
Polypropylene compounds from Thailand
Specialty release agents from the USA
Process control equipment from Northern Ireland
Plastic welding machines from Canada
Flash-It ancillary tools from the UK
Overall Business Model
Overall, Phychem Technologies operates as an integrated supplier to the rotational molding industry, with its business comprising the manufacture of customized roto molding compounds, customized molded products, specialized jobwork services, and distribution of imported products and equipment.
Its combination of in-house manufacturing, laboratory and quality-control capabilities, customized product development, jobwork services, international exports, and distribution of specialized imported products enables the company to serve a broad range of customers in the plastics, industrial, infrastructure, agriculture, automotive, water-management, and consumer-product sectors.
Promoters
- Umakant Savadekar
- Ulka Umakant Savadekar
- Nivrutti Sonu Savdekar
- Vijaya Nivrutti Savdekar
Contact details
Phychem Technologies Ltd.
Gat No. 172,
Khatwad, Dindori,
Nashik, Maharashtra, 422004
Phone: +91-95187-20873
Email: cs@phychem.com
Website: http://www.phychem.com/
Phychem Technologies IPO FAQs
- What is the Phychem Technologies IPO price band?
- The Phychem Technologies IPO price band is ₹51 to ₹54 per share.
- What is the Phychem Technologies IPO lot size and minimum investment?
- The Phychem Technologies IPO lot size is 2000 shares. The minimum retail investment is ₹2,16,000 for one lot at the upper price band. Retail investors can apply for up to 2 lots (4,000 shares), costing ₹2,16,000.
- When was Phychem Technologies IPO open for subscription?
- Phychem Technologies IPO was open for subscription from Mon, 31 Aug 2026 to Wed, 2 Sep 2026.
- What is the Phychem Technologies IPO subscription status?
- Phychem Technologies IPO was subscribed 2.05x overall: QIB 3.53x, NII 1.65x and retail 1.38x. Day-wise and category-wise figures are on the subscription page.
- What was the Phychem Technologies IPO GMP before listing?
- The last Phychem Technologies IPO GMP before listing was +₹1 (+1.85% against the upper price band of ₹54), implying an estimated listing price of ₹55. Across 10 days of tracking, GMP ranged from +₹1 (31 Aug) to +₹3 (29 Aug). GMP is an unofficial grey market indicator and can change quickly.
- What is the Phychem Technologies IPO allotment date?
- The Phychem Technologies IPO basis of allotment was finalised on Thu, 3 Sep 2026. You can check your allotment status on the MUFG Intime India Pvt Ltd website.
- What is the Phychem Technologies IPO listing date?
- Phychem Technologies IPO listed on BSE on Mon, 7 Sep 2026.
- Is the Phychem Technologies IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Phychem Technologies IPO?
- The registrar for the Phychem Technologies IPO is MUFG Intime India Pvt Ltd.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.