Overview
Updated 12 days agoPhychem Technologies Limited is an Indian company engaged in the manufacturing of rotational molding (roto molding) compounds and custom-molded tanks. The company is launching an initial public offering of 27,00,000 equity shares to fund capital expenditure, repay borrowings, and meet general corporate purposes.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,08,000 |
| bNII (min) | 10 | 20,000 | ₹10,80,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Plastic Products |
| Price band | ₹51–54 |
| Final issue price | ₹54.00 |
| Face value | ₹10 per share |
| Lot size | 2,000 shares |
| Minimum investment | ₹1,08,000 |
| Issue size | ₹15.00 Cr |
| Market cap at upper band | ₹55.30 Cr |
| P/E at upper band | 10.0x |
| Registrar | MUFG INTIME INDIA PRIVATE LIMITED |
| Lead managers | Hem Securities Limited |
| NSE symbol | PHYCHEM |
| ISIN | INE24YP01017 |
Shareholder quota and promoter holding
Company & business
Phychem Technologies Limited, incorporated in 2013, is a manufacturer of rotational molding (roto molding) compounds used in the production of various hollow plastic products like water and chemical storage tanks, furniture, and automotive components. The company operates a manufacturing facility in Nashik, Maharashtra, and also acts as an authorized distributor for various chemicals, tools, and equipment used in the rotomolding industry. The company's product portfolio includes color powders, polyethylene foam compounds, and stone effect compounds, catering to diverse industries such as building, construction, and automotive. The company is led by its promoter, Umakant Nivrutti Savadekar, who has extensive experience in the rotational molding industry.
Objects of the issue — how the money will be used
- Repayment in full or in part, of certain of our outstanding borrowings (₹2.5 Cr)
- Funding the capital expenditure towards procurement of plant and machinery (₹5.15 Cr)
- Funding to meet working capital requirements (₹3 Cr)
- General Corporate Purpose
Key strengths
- 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
Key risks
- Dependence on a single manufacturing facility in Nashik
- Significant revenue concentration from top 10 customers
- Heavy reliance on a few suppliers for raw materials
- Exposure to international trade risks and currency fluctuations
- Strict quality requirements and potential for order cancellations
- Geographical concentration of business in Maharashtra
- Dependence on authorized distributorship arrangements
Promoters
Umakant Nivrutti Savadekar, Ulka Umakant Savadekar, Nivrutti Sonu Savdekar, Vijaya Nivrutti Savdekar
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 46.97 | -- | 1.69 | 17.83 | 6.86 | 2.56 |
| FY25 | 50.30 | -- | 2.84 | 20.75 | 9.70 | 2.08 |
| FY26 | 56.47 | -- | 4.09 | 25.32 | 13.79 | 1.39 |
Key performance indicators · FY26
Peers & valuation
Other Plastic Products IPOs
Same sector, listed just before and after this one, with their listing-day change.
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Shakti Polytarp LimitedSHAKTIPOLY · BSE · SME · Plastic Products−3.3%22 Sep
Manika PlastechMANIKA · BSE, NSE · Mainboard · Plastic Products+0.3%21 Sep
Injecto PolymersINJECTO · BSE · SME · Plastic Products−4.0%21 Sep Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.