Phychem Technologies IPO

Incorporated in 2013, Phychem Technologies Limited manufactures customised rotational moulding compounds used as raw materials for hollow plastic products. Its polyethylene-based compounds use LLDPE, HDPE and specialty additives and are supplied in powder or granulated form. The company offers foam, stone-effect, flame-retardant, anti-static and customised-colour compounds, along with custom-moulded tanks, rotolining and toll pulverising services. Its products serve construction, water management, agriculture, automotive and consumer industries. Phychem operates a manufacturing facility in Nashik, Maharashtra, with an in-house laboratory and quality-control department. The company is ISO 9001:2015 certified, recognised as a One Star Export House and exports to markets across Asia, Africa, Europe and the Middle East.

Phychem Technologies Limited IPO Overview

Phychem Technologies Limited is launching a bookbuilding IPO comprising 27,00,000 fresh equity shares with a face value of ₹10 each. The price band is fixed at ₹51 to ₹54 per share, with the issue opening on 31 August 2026 and closing on 2 September 2026. The IPO is proposed to be listed on the BSE SME platform, with the tentative listing date set for 7 September 2026. The minimum bid is two lots, or 4,000 shares, requiring ₹2,16,000 at the upper price band. The issue includes a market maker reservation of 1,38,000 shares, while 25,62,000 shares constitute the net public issue. QIBs are allocated not more than 50% of the net issue, NII bidders not less than 15%, and individual investors not less than 35%. Hem Securities Limited is the book running lead manager, MUFG Intime India Private Limited is the registrar, and Hem Finlease Private Limited is the market maker.

Phychem Technologies Limited IPO Details

Particulars	Details
IPO Date	31 August 2026 to 2 September 2026
Listing Date	7 September 2026
Face Value	₹10 per share
Issue Price Band	₹51 to ₹54 per share
Lot Size	2,000 shares
Total Issue Size	27,00,000 shares (aggregating up to ₹14.58 Cr)
Fresh Issue	27,00,000 shares (aggregating up to ₹14.58 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	75,40,000 shares
Share Holding Post Issue	1,02,40,000 shares
Market Maker Portion	1,38,000 shares
Lead Manager	Hem Securities Limited
Registrar	MUFG Intime India Private Limited
Market Maker	Hem Finlease Private Limited

Phychem Technologies Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

Phychem Technologies Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	4,000	₹2,16,000
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 Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	98.55%
Post-Issue	72.56%

Phychem Technologies Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹5.42 Pre-IPO; ₹3.99 Post-IPO
Price/Earnings (P/E) Ratio	9.96x Pre-IPO; 13.53x Post-IPO
Return on Net Worth (RoNW)	29.66%
Net Asset Value (NAV)	₹18.29
Return on Equity	34.82%
Return on Capital Employed (ROCE)	32.73%
EBITDA Margin	10.78%
PAT Margin	7.24%
Debt to Equity Ratio	0.43

Objectives of the Proceeds

1. Repayment of borrowings:
Funds will be used for full or partial repayment of certain outstanding borrowings, amounting to ₹2.50 crore.

2. Capital expenditure:
Funds will finance procurement of plant and machinery to support manufacturing capabilities, amounting to ₹5.15 crore.

3. Working capital requirements:
The company has identified working capital requirements as an issue objective, with no specific amount disclosed.

4. General corporate purposes:
Remaining net proceeds will be utilised towards general corporate purposes as permitted under applicable regulations.

The disclosed issue objects include ₹2.50 crore for repayment of borrowings and ₹5.15 crore for plant and machinery.

Key Financials (in ₹ crore)

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	25.32	20.75	17.83
Revenue / Total Income	57.48	51.11	47.59
Profit After Tax	4.09	2.84	1.69
Reserves and Surplus	6.25	9.41	6.57
Total Borrowings	5.91	4.59	5.61

IPO Strengths

1. Wide range of products serving diverse applications in the roto moulding industry.

2. In-house manufacturing facility with equipped machinery and processes.

3. Long-standing relationships with diversified customers across geographies.

4. Strong focus on Quality, Environment, Health and Safety.

5. Experienced Promoters and Management with extensive domain knowledge.

Peer Group Comparison

• As per the DRHP, there are no comparable listed peer of the company and therefore information related to peer is not provided