Allchem Lifesciences IPO Upcoming
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About Allchem Lifesciences
Founded in 2003 by Mr. Bipin Patel, Allchem Lifescience is a manufacturer of API intermediates and specialty chemicals. The company serves pharmaceutical, agrochemical, and industrial clients. Headquartered in Vadodara, Gujarat, it operates an ISO-certified facility. Allchem Lifescience has established relationships in over 20 countries. The company focuses on innovation, quality, and sustainability, supported by R&D and regulatory compliance.
Financials of Allchem Lifesciences
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | [.] |
| Fresh Issue | ₹190 crores |
| Offer for sale | ₹ 7.15 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment of outstanding borrowings | 130 (68.42%) |
| General corporate purposes | (not above 25% of gross proceeds) |
Strengths
- Established customer relationships ensure consistent business stability.
- Diversified exports broaden global market reach and credibility.
- Sustainable manufacturing in a well-equipped facility.
- Strong R&D drives innovation in industrial chemistries.
- Experienced leadership fuels financial growth and consistency.
Risks
- Over 90% of revenue depends on pharmaceutical industry demand.
- Top 10 customers contribute over half of revenue.
- Promoters involved in pending NDPS-related legal proceedings.
- No long-term contracts with key raw material vendors.
- Working capital cycle stretched; inventory turnover significantly declined.