Summary
Phychem Technologies IPO is a ₹14.58 crore book-built BSE SME issue of 27,00,000 fresh shares, priced at ₹51 to ₹54. It opens on 31 August 2026 and closes on 2 September 2026.
Retail investors must apply for at least 4,000 shares, or two lots, requiring ₹2.16 lakh at the upper price band.
Revenue from operations rose from ₹46.97 crore in FY2024 to ₹56.47 crore in FY2026, while PAT increased from ₹1.69 crore to ₹4.09 crore.
The proceeds will fund machinery, debt repayment, working capital and general corporate purposes. Customer, supplier and geographic concentration remain key risks.
Phychem Technologies IPO is a ₹14.58 crore book-built SME issue of 27,00,000 fresh shares. The shares carry a face value of ₹10 each. Bidding will remain open from 31 August to 2 September 2026.
The allotment is scheduled for 3 September. Shares are expected to list on BSE SME on 7 September 2026. The price band is ₹51 to ₹54 per share, while one lot contains 2,000 shares.
Individual investors need to apply for at least two lots, or 4,000 shares, requiring ₹2.16 lakh at the upper price band. S-HNI applications start at three lots worth ₹3.24 lakh, while B-HNI applications begin at 10 lots worth ₹10.80 lakh.
Phychem Technologies IPO Details
The key details of the Phychem Technologies IPO are listed below:
| Particulars | Details |
| IPO Open Date | 31 August 2026 |
| Close Date | 2 September 2026 |
| Face value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Issue price | Not yet finalised |
| IPO Lot Size | 2,000 shares |
| Offer for sale | Nil |
| Fresh issue | 27,00,000 shares, aggregating up to ₹14.58 crore |
| Issue Type | Book Built SME IPO |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | ₹14.58 crore |
| Minimum Investment | ₹2,16,000 for 4,000 shares at the upper price band |
Phychem Technologies IPO Timeline
| Particulars | Date |
| IPO Open Date | 31 August 2026 |
| IPO Close Date | 2 September 2026 |
| Tentative Allotment | 3 September 2026 |
| Initiation of Refunds | 4 September 2026 |
| Credit of Shares to Demat | 4 September 2026 |
| Tentative Listing Date | 7 September 2026 |
| Cut-off time for UPI mandate confirmation | 5:00 PM on 2 September 2026 |
Phychem Technologies Key Performance Indicator
The key performance indicators reported for Phychem Technologies are shown below:
| KPI | FY2026 | FY2025 | FY2024 |
| ROE | 34.82% | 34.33% | 28.18% |
| ROCE | 32.73% | 31.99% | 23.27% |
| Debt Equity | 0.43 | 0.47 | 0.82 |
| RoNW | 29.66% | 29.30% | 24.70% |
| PAT Margin | 7.24% | 5.65% | 3.61% |
| EBITDA margin | 10.78% | 8.68% | 5.87% |
| Price Book Value | 2.95 | – | – |
Phychem Technologies IPO Financials
The financial performance of Phychem Technologies for the latest three financial years is shown below:
| ₹ crore | 2024 | 2025 | 2026 |
| Revenue from operations | 46.97 | 50.30 | 56.47 |
| Total Asset | 17.83 | 20.75 | 25.32 |
| Profit After Tax | 1.69 | 2.84 | 4.09 |
Phychem Technologies India IPO Subscription Status
Subscription Details Not Yet Available
Subscription information will be displayed once the bidding process starts on 31 August 2026.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Phychem Technologies IPO Grey Market Premium (GMP Today)
The latest GMP, estimated listing price and trend for the Phychem Technologies IPO are shown below:
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend | Last Updated |
| 26 Aug 2026 | ₹0 | ₹54 | 0.00% | No change | 26 Aug 2026 |
Note:
GMP (Grey Market Premium) values are sourced from the grey market and are subject to rapid change based on demand, subscription status and market sentiment.
Phychem Technologies IPO Reservation
The reservation details for the Phychem Technologies IPO are given below:
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,38,000 shares |
| QIB Shares Offered | 12,76,000 shares |
| NII (HNI) Shares Offered | 3,86,000 shares |
| Retail Shares Offered | 9,00,000 shares |
| Total Shares Offered | 27,00,000 shares |
Phychem Technologies IPO Lot Size
The lot size and application amounts for the Phychem Technologies IPO are given below:
| Application | Lots | Shares | 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 |
Phychem Technologies IPO Anchor Investors
Phychem Technologies IPO anchor allocation details are not yet available. The anchor bidding date is scheduled for 28 August 2026.
Phychem Technologies IPO Prospectus
For more information on the issue, please go through the IPO related documents mentioned below.
About Phychem Technologies
Phychem Technologies Limited operates from Dindori in Nashik, Maharashtra and manufactures compounds used in the rotational moulding process.
- Founded in: 13 June 2013
- Managing Director: Umakant Nivrutti Savadekar
- Services they Provide: Rotational moulding compounds, customised polyethylene compounds, speciality compounds, moulded tanks, rotolining and toll pulverising services
Its main products are customised polyethylene-based compounds made using LLDPE, HDPE and speciality additives. They are supplied as powder or granules for making water tanks, chemical storage tanks, furniture, portable sanitation units and industrial containers.
The product range also includes foam, stone-effect, flame-retardant, anti-static and custom-coloured compounds. Phychem serves industries such as construction, water management, agriculture, automotive and consumer goods, along with customers in overseas markets.
The key intermediaries associated with the IPO are listed below:
| Particulars | Name |
| Book running lead manager | Hem Securities Limited |
| Registrar of the issue | MUFG Intime India Private Limited |
Objectives of the Phychem Technologies
The proposed use of proceeds from the Phychem Technologies IPO is given below:
| Objective | Amount |
| Repayment of certain outstanding borrowings | ₹2.50 crore |
| Procurement of plant and machinery | ₹5.15 crore |
| Working capital requirements | ₹3.00 crore |
| General corporate purposes | Balance amount |
Strength Of Phychem Technologies
- Specialised product range: Phychem makes customised rotational moulding compounds for different product and performance requirements. Its portfolio includes foam, stone-effect, flame-retardant, anti-static and coloured compounds.
- Presence across several end-use industries: The company’s materials are used in construction, water management, agriculture, automotive and consumer products. This reduces dependence on demand from a single end-use industry.
- Profitability has improved: PAT increased from ₹1.69 crore in FY2024 to ₹4.09 crore in FY2026. PAT margin also rose from 3.61% to 7.24% over the same period.
- Domestic and export business: Phychem supplies customers in India and overseas markets across the Middle East, Africa, Europe and Asia, giving it access to more than one geographic market.
Risk of Phychem Technologies
- Customer concentration: The top 10 customers accounted for 52.99% of revenue in FY2026. The largest customer alone contributed 15.73%, making revenue sensitive to changes in orders from major customers.
- Dependence on a key supplier: The company’s largest supplier accounted for 62.60% of its FY2026 purchases. A disruption in this relationship can affect raw-material availability, pricing or production.
- Geographic concentration: Maharashtra contributed 54.60% of the company’s FY2026 revenue. Business performance is therefore exposed to changes in demand or operating conditions within the state.
- Working-capital requirements: Manufacturing requires funds for raw materials, inventory and customer credit. The company has earmarked ₹3.00 crore from the issue proceeds for working-capital requirements.
Phychem Technologies IPO Review
Phychem Technologies has grown its profits faster than its revenue in recent years. Revenue from operations moved from ₹46.97 crore in FY2024 to ₹56.47 crore in FY2026, while PAT increased from ₹1.69 crore to ₹4.09 crore. Its FY2026 ROCE was 32.73%.
Part of the IPO proceeds will go towards machinery, repayment of borrowings and working capital. Concentration, however, remains a concern. The top 10 customers accounted for 52.99% of FY2026 revenue, while the largest supplier made up 62.60% of purchases. This leaves the business dependent on a relatively small set of customers and suppliers.
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Phychem Technologies IPO FAQs
Phychem Technologies IPO is a ₹14.58 crore book-built SME issue comprising 27,00,000 fresh equity shares. The shares are proposed to list on BSE SME.
Investors can apply through a broker offering IPO applications or through their bank using ASBA. Select the IPO, enter the required quantity and authorise the payment mandate.
Phychem has recorded higher revenue, PAT and profitability margins over the last three financial years. However, customer, supplier and geographic concentration are key risks to consider before investing.
IPO returns are not fixed. The GMP recorded on 26 August 2026 was ₹0, indicating an estimated listing price of ₹54 based on the upper price band at that time.
Phychem Technologies IPO opens on 31 August 2026 and closes on 2 September 2026.
One lot contains 2,000 shares. Individual investors must apply for at least two lots, or 4,000 shares, requiring ₹2.16 lakh at the upper price band.
Open the IPO section of your broker or use your bank’s ASBA facility. Choose Phychem Technologies IPO, enter the application quantity and complete the payment authorisation.
The tentative allotment date for Phychem Technologies IPO is 3 September 2026.
Phychem Technologies IPO is expected to list on BSE SME on 7 September 2026.
