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25 Jul 25
29 Jul 25
₹1,31,200
1,600
₹82 to ₹84
BSE
₹58.80 Cr
01 Aug 25
25 Jul 25
29 Jul 25
30 Jul 25
31 Jul 25
31 Jul 25
01 Aug 25
Incorporated in 2008, Patel Chem Specialities Limited (PCSL) manufactures and exports pharmaceutical excipients and specialty chemicals used in food, cosmetics, and industrial applications. Its products serve as binders, disintegrants, stabilisers, and thickeners. The company operates certified facilities in Vatva and Talod, with a 7,200 MT annual capacity across departments like R&D and packaging. It exports to East Asia, Europe, North America, and more. Key products include Rheollose®, Disolwell®, Swellcal®, and AmyloTab™. As of March 31, 2025, PCSL employs 136 people.
Patel Chem Specialities Limited is launching a book-built IPO worth ₹58.80 crore, consisting entirely of a fresh issue of 70 lakh equity shares. The IPO will open for subscription on 25 July 2025 and close on 29 July 2025, with the allotment expected to be finalised on 30 July 2025. The shares are proposed to be listed on the BSE SME platform on 1 August 2025. The price band is set at ₹82 to ₹84 per share. Investors can apply for a minimum lot size of 1,600 shares, with retail investors required to invest at least ₹2,62,400 for 3,200 shares, while the minimum HNI investment is ₹4,03,200 for 4,800 shares. Cumulative Capital Private Limited is the book-running lead manager, MUFG Intime India Private Limited (Link Intime) is the registrar, and Globalworth Securities Limited is acting as the market maker.
| Particulars | Details |
| IPO Date | 25 July 2025 to 29 July 2025 |
| Listing Date | 1 August 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹82 to ₹84 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 70,00,000 shares (₹58.80 Cr) |
| Fresh Issue | 70,00,000 shares (₹58.80 Cr) |
| Offer for Sale | NA |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,78,70,000 shares |
| Share Holding Post Issue | 2,48,70,000 shares |
| Market Maker Portion | 3,53,600 shares |
| Investor Category | Shares Offered |
| QIB | 33,16,800 (47.38%) |
| Retail | 23,31,200 (33.30%) |
| NII (HNI) | 9,98,400 (14.26%) |
| Market Maker | 3,53,600 (5.05%) |
| Anchor Investors | 19,87,200 (28.39%) |
| Application | Lots | Shares | Amount |
| Retail (Min & Max) | 2 | 3,200 | ₹2,68,800 |
| S-HNI (Min) | 3 | 4,800 | ₹4,03,200 |
| S-HNI (Max) | 7 | 11,200 | ₹9,40,800 |
| B-HNI (Min) | 8 | 12,800 | ₹10,75,200 |
| Shareholding Status | Percentage |
| Pre-Issue | 95.13% |
| Post-Issue | 69.78% |
| KPI | Value |
| Earnings Per Share (EPS) | ₹5.91 (Pre), ₹4.25 (Post) |
| Price/Earnings (P/E) Ratio | 14.21 (Pre), 19.77 (Post) |
| Return on Net Worth (RoNW) | 24.32% |
| Return on Equity (ROE) | 29.85% |
| Return on Capital Employed | 36.26% |
| EBITDA Margin | 14.97% |
| PAT Margin | 10.01% |
| Debt to Equity Ratio | 0.42 |
| Net Asset Value (NAV) | ₹20.44 |
Objectives of the Proceeds
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 65.31 | 46.97 | 37.08 |
| Revenue | 105.55 | 82.72 | 69.75 |
| Profit After Tax | 10.57 | 7.66 | 2.89 |
| Reserves & Surplus | 17.53 | 18.52 | 10.87 |
| Total Borrowings | 14.85 | 15.46 | 11.79 |

Explore our comprehensive IPO pages to stay updated on the latest trends and insights.
| Company Name | EPS (Basic) | NAV (₹) | P/E (x) | RoNW (%) | P/BV Ratio |
| Patel Chem Specialities Ltd | 6.10 | 20.44 | — | 29.85 | — |
| Peer Groups | |||||
| Accent Microcell Ltd | 15.71 | 92.57 | 16.26 | 16.97 | — |
| Sigachi Industries Ltd | 2.06 | 15.72 | 20.51 | 11.73 | 3.67 |
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
You can apply via HDFC SKY using UPI-based ASBA from your bank account.
The minimum investment required for retail investors is ₹2,68,800 (3,200 shares).
Patel Chem Specialities shares will be listed on 1 August 2025 on BSE SME.
No, this IPO is entirely a fresh issue with no offer for sale.
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