About Phychem Technologies IPO
Phychem Technologies IPO Details
Phychem Technologies IPO is a 100% book-built issue of ₹15 crore, entirely a fresh issue of 25.62 lakh shares, in which ₹0.7452 crore is reserved for the market makers, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 30, 2025.
The price band of the issue is set between ₹51 and ₹54 per share and the lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor is ₹2,16,000 (4,000 shares). The IPO will be open for subscription from Aug 31 to Sep 2, 2026, on the BSE SME platform, with a tentative listing date fixed as September 7, 2026.
HEM Securities Limited is the Book Running Lead Manager, while MUFG Intime India Private Limited is the registrar.
Phychem Technologies IPO Date & Timeline
The Phychem Technologies IPO is officially set to open for subscription on Aug 31, 2026 and will close on Sep 2, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on September 30, 2025 and has now finalised its schedule following SEBI approval. Once the subscription window closes, the allotment is expected on Sep 3, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Sep 4, 2026. Finally, shares of Phychem Technologies Ltd. are tentatively scheduled to list on the stock exchanges on Sep 7, 2026.
Phychem Technologies IPO Timeline
| IPO Open Date | Mon, Aug 31, 2026 |
| IPO Close Date | Wed, Sep 2, 2026 |
| Tentative Allotment | Thu, Sep 3, 2026 |
| Initiation of Refunds | Fri, Sep 4, 2026 |
| Credit of Shares to Demat | Fri, Sep 4, 2026 |
| Tentative Listing Date | Mon, Sep 7, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Phychem Technologies IPO Details
| Detail | Description |
|---|---|
| IPO Date | 31 Aug to 2 Sep, 2026 |
| Listing Date | 7 Sep, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 51 to ₹ 54 |
| Lot Size | 2,000 Shares |
| IPO Type | Fresh capital only |
| Total Issue Size | 27,00,000 shares (agg. up to ₹ 15 Cr) |
| Reserved for Market Maker | 1,38,000 shares (agg. up to ₹ 0.7452 Cr) Hem Finlease Pvt.Ltd. |
| Fresh Issue(Ex Market Maker) | 25,62,000 shares (agg. up to ₹ 14 Cr) |
| Net Offered to Public | 25,62,000 shares (agg. up to ₹ 14 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 75,40,000 shares |
| Share Holding Post Issue | 1,02,40,000 shares |
Phychem Technologies IPO raises ₹4.11 crore from anchor investors. Phychem Technologies IPO Anchor bid date is Fri, Aug 28, 2026.
| Bid Date | Fri, Aug 28, 2026 |
| Shares Offered | 7,62,000 |
| Anchor Portion (₹ Cr.) | 4.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 3, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 2, 2026 |
View the official anchor investors letter for complete details.
Download Anchor Letter (PDF)Phychem Technologies IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Phychem Technologies IPO GMP is currently trading at ₹1, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹55, which is 1.85% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹54 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹1 and a lot size of 2000 shares.
Phychem Technologies IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 5 Sep 2026 | ₹54 | ₹1 | 5 Sep, 202610:54 AM |
| 4 Sep 2026 | ₹54 | ₹1 | 4 Sep, 202611:08 AM |
| 3 Sep 2026 | ₹54 | ₹1 | 3 Sep, 202605:17 PM |
| 2 Sep 2026 | ₹54 | ₹1 | 2 Sep, 202611:05 AM |
| 1 Sep 2026 | ₹54 | ₹1 | 1 Sep, 202602:52 PM |
| 31 Aug 2026 | ₹54 | ₹1 | 31 Aug, 202605:59 PM |
| 30 Aug 2026 | ₹54 | ₹3 | 30 Aug, 202609:51 AM |
| 29 Aug 2026 | ₹54 | ₹3 | 29 Aug, 202610:14 AM |
| 28 Aug 2026 | ₹54 | ₹3 | 29 Aug, 202610:14 AM |
| 27 Aug 2026 | ₹54 | ₹3 | 27 Aug, 202609:58 AM |
| 26 Aug, 2026 | ₹54 | ₹0 | 26 Aug, 202611:14 AM |
Company Background
Incorporated in June 2013 as Phychem Technologies Private Limited, the company began its operations specialising in the manufacture of rotational moulding compounds and customised polyethene-based polymer powders.
Operating out of its primary manufacturing plant situated in Dindori, Nashik, Maharashtra, the firm expanded its product lines to include specialised additives, foam variants and colour-compounded materials utilised across water management, agricultural and industrial storage applications. Over the years, it evolved into an ISO 9001:2015-certified export house.
Then, in August 2025, the company converted into a public limited company, subsequently rebranding as Phychem Technologies Limited to scale its manufacturing capabilities and to begin its public listing procedures.
Operations & Product Range
Phychem Technologies Ltd. manufactures polyethylene-based compounds using LLDPE, HDPE and speciality additives. These are supplied in powder or granulated form and are used in products such as water, fuel and chemical storage tanks, portable sanitation units, furniture, industrial containers and other hollow plastic components. Its portfolio includes foam, stone-effect, flame-retardant, anti-static and custom-coloured compounds.
The company also manufactures custom-moulded tanks and provides job work services such as rotolining and toll-pulverising. This process involves applying an internal lining to tanks or equipment, while toll pulverising involves grinding polymers into powder as per the client's requirements. Alongside manufacturing and services, Phychem distributes selected imported chemicals, compounds, tools and equipment used in the rotational moulding industry.
Facilities & Capacity
Phychem Technologies Ltd. operates its manufacturing facility at Nashik, Maharashtra, which includes an in-house laboratory and a quality-control department. The plant features an established roto moulding compound capacity of 6,000 MT annually, which recorded a production output of 3,927 MT and a capacity utilisation rate of 65.45%. To scale up production and overcome operational bottlenecks, the company is deploying a portion of its IPO proceeds toward procuring advanced rotomolding, pulverising and extruder machinery.
Brands & Market Presence
Phychem Technologies Ltd. is using its logo but didn’t register or apply for registration under the Trade Mark Act, 1999. Its market presence is instead built around customised compounds, moulded products, services and distribution relationships. Phychem exports to countries including Asia/Middle East, Africa and Europe. It is ISO 9001:2015 certified, recognised as a one-star export house and is a member of the Plastics Export Promotion Council.
Revenue Streams & Business Model
Phychem Technologies Ltd. follows a B2B-orientated model serving manufacturers and industrial customers. Manufacturing is its dominant revenue source: manufacturing accounted for 96.98% of sales in FY25, while services contributed 0.77% and trading 2.26%. The company's manufacturing activity covers customised roto-moulding compounds, while service revenue comes from activities such as rotolining and toll pulverising. Trading revenue comes from the distribution of selected chemicals, compounds, tools and equipment.
The business model is therefore diversified by activity, but manufacturing remains the economic core. Customer demand is linked to the requirement for specialised polymer compounds and related services across construction, water management, agriculture, automotive, consumer products and other applications.
Financial Performance
Phychem Technologies Ltd. has reported improving financial performance over the latest three financial years. Revenue increased from ₹50.30 crore in FY25 to ₹56.47 crore in FY26, representing a CAGR of about 9.65% over the two years. Profit after tax rose from ₹2.84 crore in FY25 to ₹4.09 crore in FY26, with PAT increasing by about 44% in FY26 over FY25. The improvement in profitability was faster than revenue growth during the period. FY26 basic EPS was ₹5.42, while RoNW was reported at 29.66%.
Management & Shareholding
The promoters of Phychem Technologies Ltd. are Umakant Savadekar, Ulka Umakant Savadekar, Nivrutti Sonu Savdekar and Vijaya Nivrutti Savdekar. Before the IPO, the promoters held a 98.55% stake in the company, but after the IPO, the promoters' shareholding will be slightly diluted and will come down to 72.56%. The offering includes a fresh issue of 27 lakh equity shares only, with no offer for sale, which indicates that the existing promoters are not selling any shares.
Board & Key Management
The leadership of Phychem Technologies Ltd. is led by a team of experts with many years of experience. Mr. Umakant Nivrutti Savadekar serves as the Chairman & Managing Director and gives strategic direction to the firm, as well as manages the daily operations, along with Whole-Time Director Mrs. Ulka Umakant Savadekar. To ensure good governance, the board includes Independent Directors Rajendra Hunajirao Talele and Charmi Monil Shah for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Phychem Technologies IPO Financial Information
Latest Revenue
₹ 56.47 Cr
Profit After Tax
₹ 4.09 Cr
Net Worth
₹ 13.79 Cr
Total Borrowing
₹ 5.91 Cr
| Period Ended | Assets | Revenue | Profit (PAT) | Net Worth | Reserves | Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2026 | 25.32 | 56.47 | 4.09 | 13.79 | 6.25 | 5.91 |
| 31 Mar 2025 | 20.75 | 50.30 | 2.84 | 9.70 | 9.41 | 4.59 |
| 31 Mar 2024 | 17.83 | 46.97 | 1.69 | 6.86 | 6.57 | 5.61 |
| Amount in ₹ Crore | ||||||
Phychem Technologies Key Performance Indicator
| KPI | Values(31 Mar 2026) |
|---|---|
| ROE | 34.82 % |
| ROCE | 32.73 % |
| Debt/Equity | 0.43 |
| RoNW | 29.66 % |
| PAT Margin | 7.24 % |
| EBITDA Margin | 10.78 % |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.42 | 3.99 |
| P/E (x) | 9.96 | 13.53 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹56.00 |
| Low | ₹54.50 |
| High | ₹58.80 |
| Last Trade | ₹58.80 |
Phychem Technologies IPO Objectives
The company intended to utilise the Phychem Technologies IPO proceeds for some strategic purposes:
- Funding towards capital expenditures for procurement of plant and machinery
- Funding the working capital requirements
- Repayment or prepayment of debt (in part or in full)
- General corporate purposes
Phychem Technologies IPO Review
Phychem Technologies Ltd. has a specialised operating profile in the chemical, plastic and polymer sectors. The company is operating with a main focus on roto-moulding compounds and related services, allowing it to serve customers that require customised polymer formulations rather than only standard products. Its product range spans several applications and the company also has export exposure, which provides diversification across products, customers and geographies.
Financially, the company has shown growth and profitability in its financial statements. As of FY26, revenue was reported at ₹56.46 crore, which is 98.23% of the total income, while the profit after tax (PAT) was reported at ₹4.08 crore and EBITDA was at ₹6.09 crore. Notably, the top 10 suppliers of the company contributed ₹41.54 crore, which is 89.07% of the total purchases.
However, investors must be aware of both sides of the company, including potential risks to its profitable financial strengths. Potential risks of the company disclosures indicate dependence on a single manufacturing facility, significant contributions from major customers and reliance on a limited number of suppliers. The absence of long-term agreements with some key customers and suppliers can increase business uncertainty. Export activity also exposes the company to foreign-exchange, geopolitical and international-trade risks.
Therefore, the valuation can be viewed through the company's own earnings and other operating metrics, but a like-for-like listed-peer comparison is not available. Overall, the Phychem Technologies IPO combines a specialised manufacturing business and improving profitability with customer, supplier, facility and working-capital dependencies that investors need to assess.
Conclusion
Phychem Technologies IPO is a chance for investors who want to take risks in the chemical, plastic and polymer sector. This company is a Maharashtra-based manufacturer of customised roto-moulding compounds, supported by manufacturing, services and trading activities, launching its IPO of ₹14.58 crore on the BSE SME platform. After reporting steady revenue growth and a faster increase in PAT over FY24-FY26, along with customer and supplier concentration, dependence on a single manufacturing facility and export exposures. The listing will help in funding the expenses of the purchase of the plant & machinery, reducing its outstanding borrowings, funding the working capital requirements and for its general corporate purposes.
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹56.00 |
| Low | ₹54.50 |
| High | ₹58.80 |
| Last Trade | ₹58.80 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The INDIA IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Wide range of roto-moulding compounds with applications across multiple end-use industries.
Long-standing relationships with diversified customers across geographies.
In-house manufacturing facility with laboratory and quality-control capabilities.
ISO 9001:2015 certification and One Star Export House recognition.
Experienced promoters and management with domain knowledge in the roto-moulding industry.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | 2,16,000 |
| Individual investors (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 |