Phychem Technologies IPO
Day 3 of 3 of bidding · Sept 02, 2026
Phychem Technologies IPO is on Day 3 of 3 of its subscription window. The latest grey market premium is Rs 1 (1.9% over issue price), down Rs 2 from previous. Total subscription stands at 5.51x (QIB 3.53x, NII 8.7x, Retail 5.26x). Bidding closes today (Sept 02).
Last updated:Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Allotment Chances
Financial Analysis
| 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 |
Promoters: Umakant Savadekar, Ulka Umakant Savadekar, Nivrutti Sonu Savdekar and Vijaya Nivrutti Savdekar
Strengths & Risks
- Strongly subscribed — 5.5x overall (so far).
- Strong institutional (QIB) demand — 3.5x.
- Strong return on equity — 30%.
- Grey-market premium is slipping during the bidding window.
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
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.
| 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
Phychem Technologies Ltd., Gat No. 172,, Khatwad, Dindori,, Nashik, Maharashtra, 422004
Phychem Technologies has set a price band of Rs 51–Rs 54 per share for an issue size of Rs 15 crore. The SME issue is currently open for subscription and closes today.
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.
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).
Grey market is quoting a premium of +Rs 1 (+1.9% over issue price). Live demand data shows overall subscription at 5.51x, retail at 5.26x, QIB at 3.53x, NII at 8.70x.
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.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Phychem Technologies IPO GMP — What It Means
The latest grey market premium for Phychem Technologies IPO is ₹1 (+1.9%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Phychem Technologies it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
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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