Phychem Technologies SME IPO
ListedBSE SMEOpens 31 August 2026Closes 2 September 2026
Incorporated in 2013, Phychem Technologies Limited is a specialized manufacturer of rotational moulding polymer compounds, primarily developing customized polyethylene-based compounds derived from LLDPE, HDPE, and…
Incorporated in 2013, Phychem Technologies Limited is a specialized manufacturer of rotational moulding polymer compounds, primarily developing customized polyethylene-based compounds derived from LLDPE, HDPE, and specialized performance additives. The company supplies its compounds in powder and granule forms to manufacturers of water and chemical storage tanks, portable sanitation systems, industrial containers, automotive components, and outdoor furniture. Operating from its manufacturing and testing facility at Khatwad in Nashik, Maharashtra, Phychem also provides value-added rotolining, toll pulverizing services, and customized moulding solutions across domestic and international markets in Asia, the Middle East, and Africa.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
31 Aug
IPO Closes
2 Sept
Allotment
3 Sept
Listing
7 Sept
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 31 August 2026 |
| IPO Close Date | 2 September 2026 |
| Allotment Date | 3 September 2026 |
| Listing Date | 7 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,16,000 |
SHNI (Min) | 3 | ₹3,24,000 |
SHNI (Max) | 9 | ₹9,72,000 |
BHNIAbove ₹10,00,000 | 10 | ₹10,80,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 47.11% |
| NII (Non-Institutional Investor) | 14.44% |
| SHNI (Small Non-Institutional Investor) | 4.89% |
| BHNI (Big Non-Institutional Investor) | 9.56% |
| Retail | 33.33% |
| Market Maker | 5.11% |
| Total | 100.00% |
IPO Objectives
- Repayment in full or in part, of certain outstanding borrowings (₹2.50 Cr).
- Funding the capital expenditure towards procurement of plant and machinery (₹5.15 Cr).
- Funding to meet working capital requirements.
- General corporate purposes.
Strengths
- Comprehensive product portfolio of specialized rotational moulding compounds including flame-retardant, anti-static, foam, and stone-effect grades.
- Integrated in-house manufacturing, compounding, toll pulverizing, and quality testing infrastructure at Khatwad, Nashik.
- Strong track record of profitability expansion with PAT rising 44.01% YoY to ₹4.09 Cr in FY26 and ROCE standing at 32.73%.
- Diversified customer base spanning water storage, agriculture, infrastructure, and international exports across Asia, Africa, and the Middle East.
Weaknesses
- Vulnerability to raw material price volatility and supply disruptions in virgin polymer feedstocks (LLDPE/HDPE).
- High reliance on a single manufacturing unit situated at Khatwad, Nashik for entire production volume.
- Working capital-intensive business cycle with continuous inventory holding requirements.
- Intense competitive pressures from domestic and unorganized compounding entities.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 25.32 | 20.75 | 17.83 |
| Revenue (₹ Cr.) | 57.48 | 51.11 | 47.59 |
| PAT (₹ Cr.) | 4.09 | 2.84 | 1.69 |
| Net Worth (₹ Cr.) | 13.79 | 9.7 | 6.86 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Phychem Technologies | 4.2 | 13.53 | 29.66% | 13.79 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 3.53x | 3.53x | 4.31x |
| NII | 0.63x | 1.3x | 42.41x |
| S-HNI | 0.33x | 1.24x | 27.2x |
| B-HNI | 0.78x | 1.33x | 50.19x |
| RII | 0.25x | 1.38x | 20.76x |
| Total | 1.26x | 1.97x | 20.79x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 5,10,000 | 22,00,000 | 11.88 |
| NII | 3,90,000 | 1,65,40,000 | 89.32 |
| Small NII | 1,32,000 | 35,90,000 | 19.39 |
| Big NII | 2,58,000 | 1,29,50,000 | 69.93 |
| RII | 9,00,000 | 1,86,84,000 | 100.89 |
| Total | 18,00,000 | 3,74,24,000 | 202.09 |
Company Details
- Phychem Technologies Limited
- Gat No. 71/1/B, Khatwad, Taluka Dindori, Nashik - 422 202, Maharashtra, India
- +91 253 297 0044
- cs@phychem.co.in
- https://www.phychem.co.in/
Registrar Details
- MUFG Intime India Private Limited
- +91 22 6263 8200
- phychem.ipo@in.mpms.mufg.com
- https://in.mpms.mufg.com/
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Sources
We match Phychem Technologies SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- MUFG Intime India Private LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.