Phychem Technologies IPO
Live SMEAlready have an account? Apply now
Phychem Technologies IPO details
Schedule of Phychem Technologies
| Issue open date | 31 Aug 2026 |
| Issue close date | 02 Sep 2026 |
| UPI mandate deadline | 02 Sep 2026 (5 PM) |
| Allotment finalization | 03 Sep 2026 |
| Refund initiation | 04 Sep 2026 |
| Share credit | 04 Sep 2026 |
| Listing date | 07 Sep 2026 |
| Mandate end date | 17 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 02 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 01 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Phychem Technologies
Phychem Technologies manufactures rotational molding compounds, which are utilized as essential raw materials for producing hollow plastic products through the rotational molding process. The company supplies these compounds in powder or granulated forms to manufacturers who create application-specific plastic products for various end-use industries, including water storage tanks, portable sanitation units, furniture, industrial containers, automotive components, and toys. Additionally, Phychem Technologies generates revenue by acting as an authorized distributor for products and chemicals used in the rotational molding industry. Its distributed offerings include paints, coatings, polypropylene compounds, specialty release agents, and process control equipment sourced globally. The company operates from its manufacturing facility located in Dindori, Nashik, which facilitates its production processes and ensures the delivery of its specialized compounds to domestic and international markets.
Financials of Phychem Technologies
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 14.58 |
| Fresh Issue – Proceeds go to the company | 14.58 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Repayment in full or in part of certain outstanding borrowings | 2.5 (17.15%) |
| Funding the capital expenditure towards the procurement of machinery | 5.15 (35.32%) |
| Funding to meet working capital requirements |
3 (20.58%) |
| General corporate purposes | 3.93 (26.95%) |
Strengths
- Offers a wide range of products, finding diverse applications in the roto moulding industry.
- Maintains long-standing relationships with diversified customers across various geographies.
- Operates a dedicated in-house manufacturing facility with well-equipped machines and processes.
- Demonstrates a strong focus on Quality, Environment, Health, and Safety standards.
- Led by experienced promoters and management with extensive domain knowledge.
Risks
- Operations depend entirely on a single manufacturing facility in Nashik.
- Revenue is highly concentrated among a few major customers without long-term contracts.
- The company relies on a few key raw material suppliers without long-term agreements.
- Export activities expose the business to global trade risks and currency fluctuations.
- Strict environmental and safety law violations could result in operational shutdowns.
Subscription Figures for Phychem Technologies
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on September 01, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 5.10 | 18 | 3.53x |
| NII | 5.28 | 6.44 | 1.22x |
| Retail | 9 | 12.44 | 1.38x |
| Total | 19.38 | 36.88 | 1.90x |