Phychem Technologies Initial Public Offering Opens August 31: Price Band Rs 51-54, Rs 14.58 Crore BSE SME Issue
- August 31, 2026
- Posted by: Neeraj Pandey
- Category: IPO
Phychem Technologies IPO opens Aug 31, closes Sep 2, 2026. Price band Rs 51-54/share. Issue size ~Rs 14.58 Cr (100% fresh issue). BSE SME listing tentatively Sep 7, 2026.
Quick Answer
Phychem Technologies initial public offering opens for subscription on August 31, 2026 and closes on September 2, 2026, with a price band of Rs 51 to Rs 54 per equity share. The issue is entirely a fresh issue aiming to raise approximately Rs 14.58 crore, with shares proposed to list on the BSE SME platform.
Phychem Technologies Limited’s initial public offering opens for subscription on August 31, 2026 and closes on September 2, 2026, with a price band fixed at Rs 51 to Rs 54 per equity share. The issue is a SME offering of 27,00,000 equity shares of Rs 10 face value each, entirely a fresh issue aggregating up to Rs 14.58 crore at the upper price band, with no offer-for-sale component.
Phychem Technologies proposes to list its shares on the BSE SME platform, with a tentative listing date of September 7, 2026.
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About Phychem Technologies
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Incorporated in June 2013, Phychem Technologies Limited manufactures rotational moulding compounds, commonly known as roto moulding compounds, a polyethylene-based raw material used to produce hollow plastic products such as water tanks, portable sanitation units, and industrial containers. The company operates from an ISO 9001:2015 certified plant in Nashik, Maharashtra, equipped with its own laboratory and quality control department.
Phychem Technologies exports its products across Asia, Africa, Europe, and the Middle East, reflecting an established international customer base for its specialised industrial compounds. The company’s business is built around customised formulations tailored to the specific requirements of rotational moulding manufacturers, positioning it within a niche segment of the broader plastics processing industry.
Phychem Technologies IPO: Key Details
| Parameter | Details |
|---|---|
| IPO Open Date | August 31, 2026 |
| IPO Close Date | September 2, 2026 |
| Price Band | Rs 51 to Rs 54 per share |
| Face Value | Rs 10 per share |
| Lot Size | 4,000 shares |
| Minimum Investment (Retail) | ~Rs 2,16,000 (at upper price band) |
| Total Issue Size | ~Rs 14.58 crore (100% fresh issue) |
| Listing Platform | BSE SME |
| Tentative Allotment Date | September 3, 2026 |
| Tentative Listing Date | September 7, 2026 |
| Lead Manager | Hem Securities Limited |
| Registrar | MUFG Intime India Private Limited |
| Promoters | Umakant Savadekar, Ulka Umakant Savadekar, Nivrutti Sonu Savdekar, Vijaya Nivrutti Savdekar |
Phychem Technologies Financial Performance
Phychem Technologies’ revenue increased by 12% and profit after tax rose by 44% between the financial years ending March 31, 2026 and March 31, 2025, reflecting improving profitability alongside modest top-line growth. For FY25, the company reported Total Income of approximately Rs 51.11 crore, with EBITDA of Rs 4.37 crore, indicating improving operational efficiency.
Object of the Issue
The company plans to use the net proceeds from the fresh issue to support machinery purchases, debt repayment, and working capital requirements, aimed at expanding production capacity and supporting the manufacture of specialised technical products.
Key Risks and Considerations
Phychem Technologies operates from a single manufacturing facility in Nashik, meaning any operational disruption at that location could affect the company’s entire production capability. The company’s customer base is also concentrated among rotational moulding manufacturers, a relatively narrow industry segment, which means a slowdown in that specific trade could affect demand without an alternative customer base to offset it. Promoter holding is expected to decline from 98.55% to a lower level post-issue as new public shareholders are inducted. As with any SME listing, investors should be mindful that SME-listed shares typically trade with lower liquidity compared to mainboard listings. Prospective investors should review the complete Red Herring Prospectus for a full list of risk factors before applying.
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Conclusion
Phychem Technologies’ initial public offering, opening August 31 and closing September 2, 2026, offers investors exposure to a specialised rotational moulding compounds manufacturer with an established international export footprint. Given the company’s single-location manufacturing base and concentrated customer segment, prospective investors should carefully review the full Red Herring Prospectus and assess these concentration risks before subscribing. This article does not constitute subscription advice. Consult a SEBI-registered financial advisor before applying for any IPO.
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FAQs on Phychem Technologies Initial Public Offering
When does the Phychem Technologies initial public offering open?
Ans. The Phychem Technologies initial public offering opens for subscription on August 31, 2026 and closes on September 2, 2026.
What is the price band for the Phychem Technologies IPO?
Ans. The price band for the Phychem Technologies initial public offering is fixed at Rs 51 to Rs 54 per equity share, with a lot size of 4,000 shares.
What does Phychem Technologies manufacture?
Ans. Phychem Technologies manufactures rotational moulding compounds, a polyethylene-based raw material used to produce hollow plastic products such as water tanks, portable sanitation units, and industrial containers, from its Nashik facility.
What is the issue size of the Phychem Technologies IPO?
Ans. The Phychem Technologies initial public offering is entirely a fresh issue of 27,00,000 equity shares, aggregating to approximately Rs 14.58 crore, with no offer-for-sale component.
Where will Phychem Technologies shares be listed?
Ans. Phychem Technologies shares are proposed to list on the BSE SME platform, with a tentative listing date of September 7, 2026.
What are the key risks for Phychem Technologies IPO investors?
Ans. Key risks include the company’s dependence on a single manufacturing facility in Nashik, a concentrated customer base among rotational moulding manufacturers, and the smaller issue size which typically means limited post-listing trading interest for SME shares.
Should I subscribe to the Phychem Technologies IPO?
Ans. Whether to subscribe depends on individual risk tolerance, valuation assessment, and a thorough review of the Red Herring Prospectus. This article does not constitute subscription advice. Consult a SEBI-registered financial advisor before applying for any IPO.
