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Phychem Technologies IPO

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.

IPO GMP

+₹1

+2% expected gain

Price Band

₹54

Lot Size

4000 shares

Min Investment

₹2,16,000

Listing Date

September 7, 2026

About Phychem Technologies

Company overview, business, and key facts.

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.

Headquarters

Nashik, Maharashtra

Promoters

Umakant Savadekar, Ulka Umakant Savadekar, Nivrutti Sonu Savdekar, Vijaya Nivrutti Savdekar

Website

http://www.phychem.com/

IPO Details

Issue TypeBook Building Issue
Face Value₹10
Price Band₹54
Lot Size4000 shares
Total Issue Size₹14.58 Cr
Fresh Issue₹14.58 Cr
Offer for Sale—
Listing AtBSE SME

Subscription Status

How many times each investor category has bid for the issue.

Qualified Institutional (QIB)4.31x
Non-Institutional (NII)31.36x
Retail Individual (RII)19.93x
Total Subscription18.93x

Strengths & Risks

Strengths

  • Review: Neutral

Risks

    Financials

    Restated summary financials for the most recent periods.

    PeriodRevenueProfitAssets
    2024₹47.59₹1.69₹17.83
    2025₹51.11₹2.84₹20.75
    2026₹57.48₹4.09₹25.32

    Figures are indicative and restated for presentation.

    Phychem Technologies IPO Key Numbers

    Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.

    Market cap at upper band

    ₹55.3 Cr

    Post-IPO shares × upper price band

    P/E on 2026 profit

    13.5x

    Price to sales

    0.96x

    Revenue growth, 2026

    +12.5%

    9.9% a year over the period

    Profit growth, 2026

    +44%

    55.6% a year over the period

    Profit margin (PAT)

    7.1%

    EBITDA margin 10.78%

    ROE / ROCE

    29.66% / 32.73%

    As published in the offer document

    Debt to equity

    0.43

    Issue mix

    100% fresh / 0% sale

    Fresh issue goes to the company, offer for sale to selling shareholders

    GMP-implied gain per lot

    ₹4,000

    4000 shares on ₹2,16,000. GMP is unofficial.

    What stands out

    • Profit grew 44% in 2026.

    Watch-outs

    • 1 use-of-proceeds item(s) have no disclosed amount.
    Listing price scenarios
    If the current GMP holds₹55.00+1.9%
    If the grey market premium disappears₹54.000%

    Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.

    Not yet available for this IPO: listed peer comparison, published risk factors.

    IPO Analysis SummaryAI-generated

    A plain-language review of Phychem Technologies's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.

    Phychem Technologies IPO Review

    Analysis based on live GMP, subscription, and issue details.

    As of today, Phychem Technologies IPO is trading at a grey market premium (GMP) of +₹1 (+2% estimated listing gain), indicating positive market sentiment.

    The IPO has been subscribed 18.93x overall — QIB: 4.31x, NII: 31.36x, Retail: 19.93x.

    Phychem Technologies IPO subscription has closed. The shares are expected to list on September 7, 2026.

    The minimum investment required is ₹2,16,000 for 4000 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.

    Key strengths include: Review: Neutral.

    Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.

    Phychem Technologies IPO — Frequently Asked Questions

    What is Phychem Technologies IPO GMP today?

    Phychem Technologies IPO GMP (grey market premium) today is +₹1, suggesting an estimated listing gain of +2%. GMP is indicative and subject to change.

    What is the price band of Phychem Technologies IPO?

    The price band for Phychem Technologies IPO is ₹54 with a lot size of 4000 shares. The minimum investment required is ₹2,16,000.

    When is Phychem Technologies IPO allotment date?

    Phychem Technologies IPO allotment is expected to be finalised on September 3, 2026. You can check your allotment status on the registrar's website (MUFG Intime India Pvt.Ltd.) using your PAN number.

    When will Phychem Technologies IPO list on NSE/BSE?

    Phychem Technologies IPO is expected to list on BSE SME on September 7, 2026.

    How to check Phychem Technologies IPO allotment status?

    To check Phychem Technologies IPO allotment status, visit the registrar's website (MUFG Intime India Pvt.Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.

    Should I apply for Phychem Technologies IPO?

    Phychem Technologies IPO has a GMP of +₹1. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.

    What is the lot size of Phychem Technologies IPO?

    The lot size for Phychem Technologies IPO is 4000 shares per lot. The minimum investment for retail investors is ₹2,16,000. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.

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