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₹51 - 54 Amounts at the upper price band.
Phychem Technologies Ltd
Plastic productsIPOSME
₹51 - 54
Our Company is primarily engaged manufacturing of rotational molding (roto molding) compounds, which serve as a key raw material for producing a wide range of hollow plastic products through the rotational molding process. Our product portfolio primarily comprises customized polyethylene-based compounds, formulated using Linear Low-Density Polyethylene (LLDPE), High-Density Polyethylene (HDPE), and other specialty additives. These compounds are supplied in powder or granulated form to rotational molding manufacturers, enabling them to produce durable and applicationspecific plastic products across diverse end-use industries.
Lot2,000Min Invest₹2,16,000Face Value₹10Issue Size₹15 CrFresh Issue₹15 CrListing Price₹56CMP₹43
Timeline
31 Aug
Bidding opens
2 Sept
Bidding closes
3 Sept
Allotment
4 Sept
Refund & demat credit
7 Sept
Listing
Subscription · As of 4:54 PM, 2 Sept
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB4.31x12.01 L51.82 L27.98NII31.5x3.68 L1.16 Cr62.57Retail20.5x8.50 L1.74 Cr94.04Total19.2x27.00 L5.19 Cr264.66
Reports
Offer Details
Terms
Issue Size₹15 Cr0.27 Cr shares
Fresh Issue₹15 Cr
Face Value₹10
Lot Size2,000 shares
ReservationQIB 49.65% · NII 15.22% · RETAIL 35.13%
Application Sizes
Retail₹2,16,0001-1 lots
sNII₹2,16,000from 2 lots
bNII₹10,80,000from 10 lots
Managers & Registrar
Lead ManagerHem Securities Limited
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group98.55%72.56%Public1.45%27.44%
Objects of the Issue
- Repayment in full or in part, of certain of the company outstanding borrowings
- Funding the capital expenditure towards procurement of plant and machinery
- Funding to meet working capital requirements
- General Corporate Purpose
Anchor Book
Bid Date28-Aug-2026Shares7,62,000Amount₹4 Cr30-day lock-in02-Oct-202690-day lock-in01-Dec-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 42 | 47 | 50 | 56 |
| Operating ProfitCr | 2 | 3 | 4 | 6 |
| OPM% | 4.4 | 5.9 | 8.7 | 10.8 |
| PBTCr | 2 | 2 | 4 | 6 |
| PATCr | 1 | 2 | 3 | 4 |
| EPS | 2 | 2 | 4 | 5 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 8 |
| ReservesCr | 5 | 7 | 9 | 6 |
| BorrowingsCr | 5 | 6 | 5 | 6 |
| Total AssetsCr | 15 | 18 | 21 | 25 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 1 | 3 | 3 | 1 |
| Investing Cash FlowCr | -1 | -3 | -1 | -1 |
| Financing Cash FlowCr | 0 | 0 | -2 | 0 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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.
Strategies · as stated in the DRHP
- Continue to focus on manufacturing by expanding our product portfolio.
- Continue to reduce operating costs and improve operational efficiencies.
- Continue to expand our customer base in India and in international markets.
- Increasing our manufacturing capacity to focus on the growing demand of our core products.
Risks · as stated in the DRHP
- The company's business is dependent and will continue to depends on its manufacturing facility, and the company is subject to certain risks in the company's manufacturing process. Any slowdown or shutdown in the company's manufacturing operations or strikes, work stoppages or increased wages demands by its employees that could interfere with the company's operations could have an adverse effect on its business, financial condition and results of operations.
- The company derives a significant part of its revenue from major customers and the company does not has long term agreements with any of these customers. If one or more of such customers choose not to source their requirements from it the company's business, financial position and results of operations may be adversely affected.
- The company is heavily reliant on few suppliers for the supply of its raw materials, with the company's single largest supplier contributing to more than 50% of its purchases during the last 3 financial years. Moreover, the company does not have long- term agreements with these suppliers and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on its business, financial condition and results of operations.
- The company derives a portion of its revenues from exports and is subject to risk of international trade.
- Exchange rate fluctuations may adversely affect the company's results of operations as its sales from exports and purchases from imports are denominated in foreign currencies.
- The company is subject to strict quality requirements and the success and wide acceptability of its products is largely dependent upon the company's quality controls and standards. Any failures to comply with quality standards may adversely affect its business prospects and financial performance, including cancellation of existing and future orders.