Phychem Technologies IPO

Listed SME
Min Investment
₹2,16,000
4000 Shares
Min Investment
₹2,16,000 · 4000 Shares
Price Band ₹51–54
Lot Size 2000 shares
Issue Size ₹15 Cr
Listed At ₹56.00 +3.7%
Subscribed 20.87×
Listed On BSE SME
Listing Price
₹56.00 (+3.70%)
vs issue price
Current Price (BSE)
₹44.00 (-18.52%)
at close, 16 Oct

Market Sentiment

Grey Market Premium What is GMP?
+₹1
+1.9% ▼ ₹2 since last update
Est. listing ₹55
Upper price ₹54
GMP range ₹1 – ₹3
26 Aug · ₹3 31 Aug · ₹1
Updated 31 Aug, 1:24 pm IST Unofficial grey-market data
GMP estimate ₹55
Actual listing ₹56
Listed above the GMP estimate by ₹1 (+1.8%)
Subscription Status
QIB
4.31x
NII
42.76x
bNII (>10L)
50.73x
sNII (2-10L)
27.20x
Retail
20.76x
Total
20.87x
Updated: Sept 02, 2026 5:07 pm IST
Analysis Score 47 / 100
Mixed Signals
Data: 80%

The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.

GMP Score · 44% weight 45
Subscription Score · 38% weight 40
Financial Health · 19% weight 66
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Price Band₹51–54 per equity share
Face Value₹10 Per Equity Share
Lot Size 2000 shares (Min 2 lots · ₹2,16,000)
Total Issue Size ₹14.58 crore
Fresh IssueEntire issue — no offer for sale, so all proceeds go to the company
Issue TypeBook Building Issue
Lead Manager Hem Securities Ltd.
Registrar MUFG Intime India Pvt.Ltd.
PromotersUmakant Savadekar, Ulka Umakant Savadekar, Nivrutti Sonu Savdekar and Vijaya Nivrutti Savdekar
Listing atBSE SME
BSE Code544902
NSE SymbolPHYCHEM
ISININE24YP01017
Listing Price₹56.00
Listing Gain+3.70%

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 4,000 ₹2,16,000
Retail Maximum 2 4,000 ₹2,16,000
S-HNI Minimum 3 6,000 ₹3,24,000

IPO Reservation

QIB 19.9% NII 15.2% Retail 35.1% Anchor 29.7%
Category Shares Offered Shares %
QIB5,10,00019.91%
NII (HNI)3,90,00015.22%
bNII > ₹10L2,58,00010.07%
sNII < ₹10L1,32,0005.15%
Retail9,00,00035.13%
Anchor7,62,00029.74%
Total25,62,000

Financial Analysis

Financial Data

EPS (Pre)
₹5.42
ROE
29.66%
ROCE
32.73%
RoNW
29.66%
EBITDA Margin
10.78%
Debt/Equity
0.43
NAV/Share
₹18.29
Revenue Growth
12.46%
Profit Margin
7.12%

Financial Performance

2026 vs 2025 Revenue +12.5% Profit (PAT) +44.0% Total Assets +22.0%
Metric 2024 2025 2026
Revenue 47.59 51.11 57.48
Expense 45.22 47.33 51.94
Profit (PAT) 1.69 2.84 4.09
Total Assets 17.83 20.75 25.32
Values in Crores (₹)

Strengths & Risks

Strengths
  • Strongly subscribed — 20.9x overall (so far).
  • Strong institutional (QIB) demand — 4.3x.
  • Strong return on equity — 30%.
Risks & Concerns
  • Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Phychem Technologies

Phychem Technologies is one of the leading manufacturers of rotational molding (roto molding) compounds, a raw material used to make hollow plastic products. Phychem makes customized polyethylene-based compounds made from LLDPE, HDPE, and special additives supplied in powder or granule form, which are used to manufacture water, fuel, and chemical storage tanks, portable toilets, furniture, industrial containers, and other molded plastic parts. Its product portfolio includes foam, stone-effect, flame-retardant, anti-static, and custom-colored compounds serving a wide range of industries such as construction, water management, agriculture, automotive, and consumer goods. Moreover, the company also makes customized molded tanks. Its manufacturing facility is in Khatwad, Dindori, Nashik, Maharashtra, which includes its own laboratory and quality control department. They export their products to many countries such as Bahrain, Bangladesh, Iraq, Kuwait, Nigeria, Saudi Arabia, South Africa, Thailand, Turkey, UAE, and many others.

Company Contact Information

Phychem Technologies Ltd., Gat No. 172,, Khatwad, Dindori,, Nashik, Maharashtra, 422004

Objects of the Issue

Purpose Amount (Cr)
Repayment in full or in part, of certain of our outstanding borrowings 3.00
Funding the capital expenditure towards procurement of plant and machinery 4.86
Funding to meet working capital requirements 3.00
General Corporate Purpose -

Resources & Documents

Anchor Investors

Anchor Bidding Date
August 28, 2026
Shares Offered to Anchors
7,62,000
Lock-in End (30 Days, 50%)
October 03, 2026
Lock-in End (90 Days, 50%)
December 02, 2026

Phychem Technologies IPO - Quick Take

Phychem Technologies has set a price band of Rs 51–Rs 54 per share for an issue size of Rs 15 crore. The stock listed with a 3.70% gain versus its issue price on September 07, 2026.

The issue is promoted by Umakant Savadekar, Ulka Umakant Savadekar, Nivrutti Sonu Savdekar and Vijaya Nivrutti Savdekar with Hem Securities Ltd. acting as lead manager. Net proceeds will primarily be used towards repayment in full or in part, of certain of our outstanding borrowings (Rs 3 crore) and funding the capital expenditure towards procurement of plant and machinery (Rs 5 crore).

On fundamentals, the company is posting revenue growth of 12.5%, a profit margin of 7.1%, return on equity of 29.7% in its most recent reported period.

On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Phychem Technologies IPO is Rs 51 to Rs 54 per share. Face value is Rs 10 per share.

The total issue size of Phychem Technologies IPO is Rs 15 crore, comprising fresh issue of Rs 15 crore.

The lot size of Phychem Technologies IPO is 2,000 shares. The minimum application is 2 lots (4,000 shares), requiring an investment of Rs 2,16,000.

Phychem Technologies IPO opens for subscription on August 31, 2026 and closes on September 02, 2026. Anchor investor bidding is scheduled for August 28, 2026.

The expected allotment date for Phychem Technologies IPO is September 03, 2026. Refunds for unsuccessful applicants are expected on September 04, 2026.

Phychem Technologies IPO is scheduled to list on September 07, 2026 on BSE. BSE script code: 544902, NSE symbol: PHYCHEM, ISIN: INE24YP01017.

The last GMP (Grey Market Premium) recorded for Phychem Technologies IPO before listing was +Rs 1 (+1.9% over issue price). The shares actually listed at Rs 56 (+3.70% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

Phychem Technologies IPO was subscribed 20.87 times overall by the close of bidding — retail at 20.76x, QIB at 4.31x, NII at 42.76x.

Based on the final retail subscription of 20.76x for Phychem Technologies IPO, the estimated retail allotment probability is approximately 5.5%. This is a low probability — approximately 5 out of every 100 retail applications may receive allotment.

The registrar for Phychem Technologies IPO is MUFG Intime India Pvt.Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Phychem Technologies IPO are Hem Securities Ltd.

The promoter(s) of Phychem Technologies are Umakant Savadekar, Ulka Umakant Savadekar, Nivrutti Sonu Savdekar and Vijaya Nivrutti Savdekar.

Phychem Technologies IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 1.9%. Of the 47 SME IPOs we have tracked with a final GMP under 10%, 18 listed above, 10 flat and 19 below the issue price; Phychem Technologies listed 3.7% above its issue price.

See the full Phychem Technologies GMP history and trend, or learn how grey market premium works and how reliable it is.

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