Phychem Technologies Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹54
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,08,000
Issue Size
₹14.58 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.13%
QIB Quota
49.65%
NII Quota
15.22%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Phychem Technologies Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
98.55%
Promoter Holding (Post-Issue)
72.56%
Issue Type
Book Building - SME
ISIN
INE24YP01017
About the Company
Our Company is primarily engaged manufacturing of rotational molding (roto molding) compounds, which serve as a key raw material for producing a wide range of hollow plastic products through the rotational molding process. Our product portfolio primarily comprises customized polyethylene-based compounds, formulated using Linear Low-Density Polyethylene (LLDPE), High-Density Polyethylene (HDPE), and other specialty additives. These compounds are supplied in powder or granulated form to rotational molding manufacturers, enabling them to produce durable and applicationspecific plastic products across diverse end-use industries.
Industry Overview
India stands 12th in the world export of plastics, as per the 2022 World Bank estimates. It has grown exponentially from 2014, when it was worth just 8.2 million thousand USD, as compared to the 2022 estimates, where it reached 27 million thousand USD. This growth has been a result of the constant efforts by the Indian government to promote the production and export of plastics, like setting up Plastic Parks. In FY25 (until January 2025), India's plastic exports stood at Rs. 89,296 (US$ 10.34 billion).
Company History
Our Company was originally incorporated as "Phychem Technologies Private Limited", a private limited company under the Companies Act, 1956, in Maharashtra, Mumbai, pursuant to a Certificate of Incorporation dated June 13, 2013, issued by the Registrar of Companies, Mumbai. Further, by way of a Special Resolution passed by the shareholders at the Extra-Ordinary General Meeting held on August 02, 2025, our Company was converted into a public limited company, and consequently, its name was changed from "Phychem Technologies Private Limited" to "Phychem Technologies Limited". A fresh Certificate of Incorporation consequent upon conversion from private company to public company was issued by the Registrar of Companies, Central Processing Centre, on August 18, 2025. The Corporate Identity Number (CIN) of our Company is U36109MH2013PLC244466.
Growth Strategy
- Continue to focus on manufacturing by expanding our product portfolio.
- Continue to reduce operating costs and improve operational efficiencies.
- Continue to expand our customer base in India and in international markets.
- Increasing our manufacturing capacity to focus on the growing demand of our core products.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 27,00,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Phychem Technologies Limited ("The Company" or "PTL" or "The Issuer") at an issue price of Rs. 54 per equity share (including share premium of Rs. 44 per equity share) for cash, aggregating up to Rs. 14.58 Crore ("Public Issue") out of which 1,38,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 54 per equity share for cash, aggregating Rs. 0.75 Crore will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Issue of 25,62,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 54 per equity share for cash, aggregating upto Rs. 13.83 Crore is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.37% and 25.02% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 54 per equity share of face value of Rs. 10/- each. The floor price is (Rs.54) 5.4 times of the face value of the equity shares. Bids can be made for a minimum of 4000 equity shares and in multiples of 2000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Wide range of products finding diverse application in roto moulding industry.
- Long standing relationships with diversified customers across geographies.
- In-house manufacturing facility with equipped machines and processes.
- Focus on Quality, Environment, Health and Safety.
- Experienced Promoters and Management with extensive domain knowledge.
- The company's business is dependent and will continue to depends on its manufacturing facility, and the company is subject to certain risks in the company's manufacturing process. Any slowdown or shutdown in the company's manufacturing operations or strikes, work stoppages or increased wages demands by its employees that could interfere with the company's operations could have an adverse effect on its business, financial condition and results of operations.
- The company derives a significant part of its revenue from major customers and the company does not has long term agreements with any of these customers. If one or more of such customers choose not to source their requirements from it the company's business, financial position and results of operations may be adversely affected.
- The company is heavily reliant on few suppliers for the supply of its raw materials, with the company's single largest supplier contributing to more than 50% of its purchases during the last 3 financial years. Moreover, the company does not have long- term agreements with these suppliers and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on its business, financial condition and results of operations.
- The company derives a portion of its revenues from exports and is subject to risk of international trade.
- Exchange rate fluctuations may adversely affect the company's results of operations as its sales from exports and purchases from imports are denominated in foreign currencies.