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₹98 - 98
Neochem Bio Solutions Ltd
ChemicalsIPOSME
₹98 - 98
We are a specialty performance chemical company with a legacy of over four decades, engaged in the business of manufacturing specialty performance chemicals with a diverse portfolio of over 350 customized formulations across four primary product segments such as (i) Polymers, (ii) Surfactants, (iii) Silicones, and (iv) Esters & bio-based sustainable solutions. Our products are essential and used in industries such as textile & garment washing, home & personal care (HPC), institutional and industrial cleaners, water treatment, paints and coatings, paper and pulp, construction, rubber and dyes and pigments. Our Company is accredited with ISO 9001:2015, ISO 14001 and ISO 45001. Our product certifications include ZDHC Level 3 and GOTS 7.0.
Lot1,200Min Invest₹2,35,200Face Value₹10Issue Size₹45 CrFresh Issue₹45 CrListing Price₹108CMP₹95
Timeline
2 Dec
Bidding opens
4 Dec
Bidding closes
5 Dec
Allotment
8 Dec
Refund & demat credit
9 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹45 Cr0.46 Cr shares
Fresh Issue₹45 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹2,35,2001-1 lots
sNII₹2,35,200from 2 lots
bNII₹10,58,400from 9 lots
Managers & Registrar
Lead ManagerVivro Financial Services Private Limited
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group91.11%66.69%Public8.89%33.31%
Objects of the Issue
- Funding the long-term working capital requirements of the Company
- Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by our Company
- General Corporate Purposes*
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 49 | 48 | 61 | 84 | 111 |
| Operating ProfitCr | 4 | 4 | 6 | 13 | 20 |
| OPM% | 7.2 | 8.9 | 10.0 | 15.2 | 17.9 |
| PBTCr | 1 | 2 | 3 | 10 | 17 |
| PATCr | 1 | 1 | 2 | 7 | 12 |
| EPS | 3 | 2 | 3 | 11 | 9 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 3 | 5 | 7 | 7 | 17 |
| ReservesCr | 1 | 3 | 6 | 13 | 62 |
| BorrowingsCr | 23 | 26 | 33 | 36 | 18 |
| Total AssetsCr | 46 | 51 | 63 | 79 | 117 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -1 | -1 | -1 | 2 | -17 |
| Investing Cash FlowCr | -3 | -3 | 12 | -1 | -9 |
| Financing Cash FlowCr | 4 | 4 | -11 | -1 | 26 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Integrated and flexible manufacturing operations for sustainable formulations enabling customized supply.
- Strong understanding of applied chemistries for diverse end-use industries.
- Established long-standing relationships with customers across end-use industries.
- Research and development (R&D) capabilities for development of innovative performance chemistries.
- Established sales and distribution network.
- Experienced Promoters with strong management team having domain knowledge.
Strategies · as stated in the DRHP
- Strengthening our presence across end-user application industries.
- Commitment to continuous development of performance chemistries and sustainable solutions.
- Continued focus on expansion of geographical presence.
- Leverage existing strategic collaborations and partnerships to diversify end user industries.
Risks · as stated in the DRHP
- The company derive a substantial portion of its revenue from the textile industry. Consequently, any material decline in the performance of the textile sector, or the company failure to sustain, grow, or efficiently manage the company sales within this sector, may materially and adversely affect its business operations, financial condition and results of operations.
- The Company derives revenue from diversified customers. Its inability to acquire new customers or loss of all or a substantial portion of any of the company major customers, for any reason and/or continued reduction of the business from them, could have a material adverse impact on its business, results of operations, cash flows and financial condition.
- The company does not maintain long-term contractual arrangements with the majority of the customers. As a result, the loss of one or more key customers, or any significant reduction in their demand for the companies products, could materially and adversely affect its business operations, financial condition, results of operations and cash flows.
- Under utilization of the installed capacities at the Company may have an adverse impact on its growth and future profitability.
- The company derives a significant portion of its revenue from operations from domestic sales which exposes it to risks specific to Indian geographies and market.
- The company required to adhere to quality standards in the manufacturing of the company products. its inability to comply with such parameters may result in termination or loss of business from the company customers which, in turn, may have a material adverse effect on its business prospects and results of operations.