Phychem Technologies IPO GMP today is Rs 1. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
PHYCHEM
Phychem Technologies IPO GMP, Subscription & Allotment Status Today
Phychem Technologies manufactures rotational molding compounds, which are utilized as essential raw materials for producing hollow plastic products through the rotational molding process. The company supplies these compounds in powder or granulated forms to manufacturers who create application-specific plastic products for various end-use industries, including water storage tanks, portable sanitation units, furniture, industrial containers, automotive components, and toys. Additionally, Phychem Technologies generates revenue by acting as an authorized distributor for products and chemicals used in the rotational molding industry. Its distributed offerings include paints, coatings, polypropylene compounds, specialty release agents, and process control equipment sourced globally. The company operates from its manufacturing facility located in Dindori, Nashik, which facilitates its production processes and ensures the delivery of its specialized compounds to domestic and international markets.
- Price Band
- ₹51.00 - ₹54.00
- Lot Size
- 2,000 Shares
- Bidding Closes
- 02 Sept 2026
- Listing Date
- 07 Sept 2026
Current GMP Status
₹1
+1.85% vs upper band
Est. Listing Gain
+3.70%
Last Trend
07 Sept 2026
Listing Price
₹56.00
Retail Entry
₹2,16,000
IPO Details
Complete IPO information
| Current GMP | ₹1 |
|---|---|
| Estimated Listing Gain | +3.70% |
| Price Band | ₹51.00 - ₹54.00 |
| Issue Price | Approx ₹54.00 Crores |
| Listing Price | ₹56.00 |
| Lot Size | 2,000 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | 19.38x |
| Listing Date | 07 Sept 2026 |
| Minimum Investment | ₹2,16,000 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 5.10 | 22 | 4.31x |
| NII | 5.28 | 166.78 | 31.59x |
| Retail | 9 | 186.88 | 20.76x |
| Overall Subscription | 19.38 | 375.66 | 19.38x |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Phychem Technologies is priced at ₹54 per share. With a minimum lot size of 2,000 shares, a retail investor applying for one lot would need approximately ₹2,16,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Phychem Technologies stands at ₹1, implying an estimated listing gain of around 1.85% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Phychem Technologies's IPO was subscribed 19.38x overall, with a category-wise breakdown of Retail 20.76x, QIB 4.31x, NII 31.59x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
31 Aug 2026
✓
Bidding Closes
02 Sept 2026
✓
Allotment
03 Sept 2026
✓
Listing
07 Sept 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 07 Sept 2026 | ₹1.00 | - | 1.85% |
| 06 Sept 2026 | ₹1.00 | - | 1.85% |
| 01 Sept 2026 | ₹1.00 | -₹2.00 | 1.85% |
| 31 Aug 2026 | ₹3.00 | - | 5.56% |
| 27 Aug 2026 | ₹3.00 | +₹3.00 | 5.56% |
| 26 Aug 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 4,000 | ₹2,16,000 |
| Retail Maximum | 2 Lot | 4,000 | ₹2,16,000 |
| S-HNI Minimum | 3 Lot | 6,000 | ₹3,24,000 |
| S-HNI Maximum | 9 Lot | 18,000 | ₹9,72,000 |
| B-HNI Minimum | 10 Lot | 20,000 | ₹10,80,000 |
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Fund Utilization
Objects of the Issue & Official Documents
Analysis
Phychem Technologies IPO Details
The Phychem Technologies IPO is a BSE SME book-built issue scheduled to open for subscription on August 31, 2026 and close on September 2, 2026. The IPO consists entirely of a fresh issue of equity shares.
The IPO price band has been fixed at ₹51 to ₹54 per equity share, with a face value of ₹10 per share. The company plans to issue 27,00,000 equity shares, aggregating up to approximately ₹14.58 crores at the upper price band. The shares are proposed to list on the BSE SME platform.
| Particular | Details |
|---|---|
| IPO Open Date | August 31, 2026 |
| IPO Close Date | September 2, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹51 to ₹54 Per Share |
| Issue Size | Approx ₹14.58 Crores |
| Fresh Issue | Approx ₹14.58 Crores |
| Offer for Sale | Nil |
| Total Shares Offered | 27,00,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
Note: Phychem Technologies IPO is a 100% fresh issue of 27,00,000 equity shares. At the upper price band of ₹54 per share, the issue aggregates to approximately ₹14.58 crores.
Analysis
Phychem Technologies IPO Reservation
The Phychem Technologies IPO reservation is divided among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors and Anchor Investors.
As per the category-wise allocation, 50% of the issue is reserved for Qualified Institutional Buyers, 15% for Non-Institutional Investors and 35% for Retail Individual Investors.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The exact number of shares offered under each investor category is currently unavailable. The reservation structure provides up to 50% for QIBs, at least 15% for NIIs and at least 35% for Retail Investors. The final share-wise allocation can be updated once officially available.
Analysis
Phychem Technologies IPO Anchor Investors
The Phychem Technologies IPO anchor bidding is scheduled for August 28, 2026, ahead of the public issue opening on August 31, 2026.
The final number of shares allocated to anchor investors, anchor issue size and the complete anchor investor list are currently awaited and can be updated after completion of the anchor bidding process.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 28, 2026 |
| Anchor Investors List | Awaited |
| Shares Offered | – Shares |
| Anchor Size | – Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | 2026 |
Note: Anchor bidding is scheduled for August 28, 2026. The final anchor investor names, number of shares allotted, anchor amount and applicable lock-in expiry dates should be updated after the anchor allocation is officially announced.
Analysis
Phychem Technologies IPO Dates
The Phychem Technologies IPO will open for subscription on August 31, 2026 and close on September 2, 2026. Investors can submit their applications during this subscription period.
The Phychem Technologies IPO allotment is expected to be finalized on September 3, 2026. Refunds for unsuccessful applicants and credit of shares to successful investors' demat accounts are scheduled for September 4, 2026. The shares are expected to list on the BSE SME platform on September 7, 2026.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 31, 2026 |
| IPO Close Date | September 2, 2026 |
| Basis of Allotment | September 3, 2026 |
| Refunds | September 4, 2026 |
| Credit to Demat Account | September 4, 2026 |
| IPO Listing Date | September 7, 2026 |
Note: Phychem Technologies IPO is scheduled from August 31 to September 2, 2026, followed by allotment on September 3, refunds and demat credit on September 4, and the proposed BSE SME listing on September 7, 2026.
Analysis
Phychem Technologies IPO Promoters and Holding Pattern
The promoters of Phychem Technologies are Umakant Savadekar, Ulka Umakant Savadekar, Nivrutti Sonu Savdekar and Vijaya Nivrutti Savdekar.
Before the IPO, the promoter and promoter group collectively hold 75,40,000 equity shares, representing 100% of the company's pre-IPO equity share capital. There are no shares classified under the Others category in the pre-IPO holding pattern.
Following the fresh issue of 27,00,000 equity shares, the company's total outstanding equity shares are expected to increase from 75,40,000 shares to 1,02,40,000 shares. As a result, the existing promoters' percentage ownership will be diluted after the IPO.
Promoters of Phychem Technologies
- Umakant Savadekar
- Ulka Umakant Savadekar
- Nivrutti Sonu Savdekar
- Vijaya Nivrutti Savdekar
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 75,40,000 | 100% | – | -% |
| Others* | – | -% | – | -% |
| Total | 75,40,000 | 100% | 1,02,40,000 | 100% |
Holding Pattern: Since the IPO consists of a fresh issue of 27,00,000 shares, the total equity share capital will increase to 1,02,40,000 shares. Based on the existing 75,40,000 promoter shares remaining unchanged, the promoter holding would be approximately 73.63% post-IPO.
Analysis
Phychem Technologies IPO Objects of the Issue & Utilisation of Proceeds
Phychem Technologies proposes to utilise the IPO proceeds mainly towards repayment of existing borrowings, capital expenditure for plant and machinery, and meeting its working capital requirements.
The company plans to utilise approximately ₹3.00 crores towards repayment of certain outstanding borrowings. Another ₹4.86 crores will be used for procurement of plant and machinery, while ₹3.00 crores is proposed to fund the company's working capital requirements.
| Purpose | Amount |
|---|---|
| Repayment in full or in part, of certain outstanding borrowings | ₹3.00 Cr. |
| Funding the capital expenditure towards procurement of plant and machinery | ₹4.86 Cr. |
| Funding to meet working capital requirements | ₹3.00 Cr. |
| General Corporate Purpose | ₹- |
Note: The specifically identified utilisation of IPO proceeds totals approximately ₹10.86 crores. The remaining net proceeds are proposed to be utilised towards general corporate purposes and applicable issue-related expenses.
Analysis
Phychem Technologies About 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.
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.
Analysis
Phychem Technologies IPO Company Financial Report
Phychem Technologies has reported consistent revenue growth over the last four financial years. Revenue increased from ₹43.19 crores in FY2023 to ₹47.59 crores in FY2024, ₹51.11 crores in FY2025 and further to ₹57.48 crores in FY2026.
The company's profitability has also improved steadily. Profit After Tax (PAT) increased from ₹1.32 crores in FY2023 to ₹1.69 crores in FY2024, ₹2.84 crores in FY2025 and ₹4.09 crores in FY2026. The asset base increased from ₹14.73 crores to ₹25.32 crores during the same period.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹43.19 Cr. | ₹41.36 Cr. | ₹1.32 Cr. | ₹14.73 Cr. |
| 2024 | ₹47.59 Cr. | ₹45.22 Cr. | ₹1.69 Cr. | ₹17.83 Cr. |
| 2025 | ₹51.11 Cr. | ₹47.33 Cr. | ₹2.84 Cr. | ₹20.75 Cr. |
| 2026 | ₹57.48 Cr. | ₹51.94 Cr. | ₹4.09 Cr. | ₹25.32 Cr. |
Financial Trend: From FY2023 to FY2026, revenue increased by approximately 33.1%, while PAT increased by approximately 209.8%. In FY2026, revenue grew around 12.5% and PAT grew around 44.0% compared with FY2025, showing stronger growth in profitability than revenue.
Analysis
Phychem Technologies IPO Valuation – FY2026
The Phychem Technologies IPO valuation can be assessed using key financial ratios such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, PAT Margin, Return on Net Worth (RoNW) and Net Asset Value (NAV).
For FY2026, Phychem Technologies reported an ROE of 29.66% and ROCE of 32.73%. The EBITDA margin stood at 10.78%, while the PAT margin was 7.24%. The company's debt-to-equity ratio stood at 0.43.
The company's basic Earnings Per Share (EPS) stood at ₹5.42, while Return on Net Worth (RoNW) was 29.66%. Net Asset Value (NAV) stood at ₹18.29 per equity share.
| KPI | Values |
|---|---|
| ROE | 29.66% |
| ROCE | 32.73% |
| EBITDA Margin | 10.78% |
| PAT Margin | 7.24% |
| Debt to Equity Ratio | 0.43 |
| Earning Per Share (EPS) | ₹5.42 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 29.66% |
| Net Asset Value (NAV) | ₹18.29 |
Valuation: Based on the IPO price band of ₹51 to ₹54 and FY2026 EPS of ₹5.42, the implied P/E ratio works out to approximately 9.41x to 9.96x. At the upper price band of ₹54, the issue price is approximately 2.95 times the reported NAV of ₹18.29 per share.
Analysis
Phychem Technologies IPO Peer Group Comparison
- There are no listed companies in India.
Analysis
Phychem Technologies IPO Lead Managers aka Merchant Bankers Hem Securities Ltd.
- Hem Securities Ltd.
FAQ
Phychem Technologies IPO FAQs
Phychem Technologies IPO price band is Rs 51.00 to Rs 54.00. Check the latest issue price, lot size and GMP together before applying.
Phychem Technologies IPO open date is 31 Aug 2026, close date is 02 Sept 2026, and listing date is 07 Sept 2026.
Phychem Technologies IPO lot size is 2,000 shares. The minimum retail investment is Rs 2,16,000.
Phychem Technologies is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Phychem Technologies IPO subscription status currently shows Retail 20.76x, QIB 4.31x, NII 31.59x, Overall 19.38x.
Phychem Technologies manufactures rotational molding compounds, which are utilized as essential raw materials for producing hollow plastic products through the rotational molding process. The company supplies these compounds in powder or granulated forms to manufacturers who create application-specific plastic products for various end-use industries, including water storage tanks, portable sanitation units, furniture, industrial containers, automotive components, and toys. Additionally, Phychem Technologies generates revenue by acting as an authorized distributor for products and chemicals used in the rotational molding industry. Its distributed offerings include paints, coatings, polypropylene compounds, specialty release agents, and process control equipment sourced globally. The company operates from its manufacturing facility located in Dindori, Nashik, which facilitates its production processes and ensures the delivery of its specialized compounds to domestic and international markets.
Phychem Technologies IPO issue size is TBA and the expected allotment date is 03 Sept 2026.
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