Phychem Technologies IPO opens on 31-2 Sept and is a SME issue among the upcoming Indian IPOs. The company aims to raise ₹15 Cr via this future IPO in India with a price range of ₹51 to ₹54 per share.
Phychem Technologies IPO Analysis
Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.
Minimum retail investment
₹1,08,000
2000 shares at the upper band of ₹54
Fresh issue share
93.3%
₹14 Cr of the ₹15 Cr issue
Revenue growth
+12.5%
31 Mar 2025 → 31 Mar 2026
Profit growth
+44%
PAT ₹2.84 Cr → ₹4.09 Cr
Net profit margin
7.1%
was 5.6% in 31 Mar 2025
Debt to equity
0.43
lower is safer
Return on equity
34.82%
ROE
Peer listing record
2 of 2 listed above issue price
median listing move +43.1%
Total subscription
20.79x
across all categories
GMP-implied listing gain
+1.9%
₹1 premium on a ₹54 issue price
Promoter holding
98.55% → 72.56%
diluted by 26 percentage points
A retail application for Phychem Technologies needs one lot of 2000 shares, which works out to ₹1,08,000 at the upper band of ₹54. That is close to the ₹15,000 ceiling SEBI expects for a single retail lot, so an investor applying at cut-off is committing nearly the full retail limit per application.
The issue splits into ₹14 Cr of fresh capital (93.3%) and ₹null Cr as an offer for sale. The company keeps the fresh portion for the objects of the issue, while the rest is existing shareholders monetising their stake.
Revenue moved from ₹51.11 Cr in 31 Mar 2025 to ₹57.48 Cr in 31 Mar 2026 (+12.5%), while profit after tax went from ₹2.84 Cr to ₹4.09 Cr (+44%). Profit grew faster than revenue, which points to operating leverage or a better cost mix rather than growth bought purely through volume.
Recently listed companies in the same space trade at a median price-to-earnings ratio of about 10.8. Comparing that with the multiple implied by this issue's ₹51–₹54 band is a more useful test of pricing than looking at the grey market premium alone.
A grey market premium of ₹1 on the upper band of ₹54 implies a listing gain of roughly 1.9%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.
What looks good
- Profit is growing faster than revenue, suggesting improving operating efficiency.
- A debt-to-equity ratio of 0.43 points to a conservatively funded balance sheet.
- Return on equity of 34.82% is strong for the sector.
This analysis is generated from the figures shown on this page and is for information only. It is not investment advice — read the RHP before you apply.
About Phychem Technologies
Incorporated in June 2013, Phychem Technologies Limited is engaged in the manufacturing of rotational molding (roto molding) compounds, which are used as key raw materials for producing hollow plastic products. The Company manufactures customized polyethylene-based compounds using LLDPE, HDPE and specialty additives, supplied in powder or granulated form to rotational molding manufacturers. Its products are used in applications such as water, fuel and chemical storage tanks, portable sanitation units, furniture, industrial containers and customized hollow plastic components.
The Company also manufactures specialized compounds including foam, stone effect, flame-retardant, anti-static and custom-coloured compounds, and undertakes production of custom-moulded tanks. In addition, it provides rotolining and toll pulverising jobwork services and distributes chemicals, compounds, tools and equipment used in the rotational moulding industry. The Company caters to customers across building and construction, water management, agriculture, automotive and consumer products industries and exports to several countries across Asia, Africa, Europe and the Middle East.
The Company operates its manufacturing facility in Nashik, Maharashtra, equipped with an in-house laboratory and quality control department. It is ISO 9001:2015 certified, recognized as a One Star Export House, and is a member of PLEXCONCIL.
As of June 30, 2026, the Company had 33 permanent employees. The Company is led by experienced Promoters and management with extensive domain knowledge in the rotational moulding industry.
Wide range of products serving diverse applications in the roto moulding industry.
In-house manufacturing facility with equipped machinery and processes.
Long-standing relationships with diversified customers across geographies.
Strong focus on Quality, Environment, Health and Safety.
Experienced Promoters and Management with extensive domain knowledge.
Q1. What is Phychem Technologies IPO?
Phychem Technologies IPO is a SME issue among the new IPOs coming in India. The company will raise ₹15 Cr via this upcoming Indian IPO, priced at ₹51 to ₹54 per equity share.
Q2. When will Phychem Technologies IPO open for subscription?
This future IPO opens on 31-2 Sept. Stay updated with all IPOs to come this week and upcoming launches.
Q3. What is Phychem Technologies IPO Investors' Portion?
QIB: 47.11%, HNI: 14.44%, Retail: 33.33%
Q4. What is Phychem Technologies IPO Issue Size?
Total issue size is ₹15 Cr.
Q5. What is Phychem Technologies IPO Price Band?
The price band is ₹51 to ₹54 per equity share.
Q6. What is Phychem Technologies IPO Lot Size?
Minimum bid is 2,000 shares.
Q7. What is the Phychem Technologies IPO Allotment Date?
The allotment will be finalized on 3 Sep 2026.
Q8. What is the Phychem Technologies IPO Listing Date?
The IPO will list on 7 Sep 2026.
