Phychem Technologies IPO
ListedSMEPlastic products
20.79×
Subscribed
Price band
₹54 – ₹54
Lot size
2,000
1 lot = ₹1,08,000
Issue size
₹14.58 Cr
Open – close
31 Aug 2026
to 02 Sept 2026
Listing
07 Sept 2026
Listing gain
+3.70%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. The offer document has been analysed but reports too few of these to conclude on. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens31 Aug 2026
- Closes02 Sept 2026
- Allotment03 Sept 2026
- Listing07 Sept 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB4.31x
Non-institutionalNII / HNI42.41x
Big NIIabove ₹10L50.19x
Small NII₹2L – ₹10L27.20x
Retail individualRII20.76x
5,908 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 02 Sept 2026.
Chance of allotment
Retail20.76× subscribed
~1 in 20.8
Minimum 2 lots · 4,000 shares · ₹2,16,000 blocked
Retail is 20.76× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 20.8 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII42.41× subscribed
~1 in 42.4
Minimum 1 lot · 2,000 shares · ₹1,08,000 blocked
HNI is 42.41× subscribed. This category is allotted proportionately, so a bid receives roughly 1/42.4 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
Grey market premium
Unofficial dealer quotes — not published by NSE, BSE, SEBI or the company
₹3+5.6%
over the upper band · last seen 08 Sept 2026
What this number is not. Grey-market premium is an unregulated, thinly-traded quote from private dealers. It is not a forecast of the listing price, it is not verifiable, and it can be moved by the same people who benefit from it looking high. We publish it because you will look it up anyway — and we deliberately do not convert it into an expected listing gain, because that arithmetic implies a reliability the number has never earned. For what actually happened to comparable issues, see recent outcomes below.
The offering
Terms, structure and who is selling
Terms
Price band₹54 – ₹54
Face value₹10
Lot size2,000shares
Minimum application₹1,08,000at cut-off
Total issue size₹14.58 Cr
Listing atSME platform
Anchor investorsAllotted
Company & valuation
ROE34.82%
ROCE32.73%
Debt/Equity0.43
RoNW29.66%
PAT Margin7.24%
EBITDA Margin10.78%
NAV18.29
ISININE24YP01017
RegistrarMUFG Intime India Pvt Ltd
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 12,72,000 | 47.11% |
| Anchor Investor | 7,62,000 | 28.22% |
| QIB (Ex. Anchor) | 5,10,000 | 18.89% |
| NII (HNI) | 3,90,000 | 14.44% |
| bNII > ₹10L | 2,58,000 | 9.56% |
| sNII < ₹10L | 1,32,000 | 4.89% |
| Retail | 9,00,000 | 33.33% |
| Market Maker | 1,38,000 | 5.11% |
Total issue 27,00,000 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,16,0002 lots · 4,000 sh
Individual investors (IND) (Max)₹2,16,0002 lots · 4,000 sh
S-HNI (Min)₹3,24,0003 lots · 6,000 sh
S-HNI (Max)₹9,72,0009 lots · 18,000 sh
B-HNI (Min)₹10,80,00010 lots · 20,000 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted7,62,000
Anchor portion₹4.11 Cr
Bid date28 Aug 2026
Lock-in ends (50%)03 Oct 2026
Lock-in ends (rest)02 Dec 2026
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-2.2%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-17.5%
Himalayan Solar
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Green Asia Impexsame segment
1.0× sub+0.0%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Dudani Retailsame segment
1.4× sub-13.8%
Himalayan Solarsame segment
1.2× sub-17.5%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Phychem Technologies
Phychem Technologies Limited manufactures rotational moulding (roto moulding) compounds used as raw materials for producing hollow plastic products. Its product portfolio primarily includes customised polyethylene-based compounds formulated using linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE) and specialty additives, supplied in powder or granulated form. These compounds are used in products such as water, fuel, and chemical storage tanks, portable sanitation units, furniture and industrial containers. The company also manufactures custom-moulded tanks and provides jobwork services, including rotolining and toll pulverising. In addition, it undertakes trading and distribution of chemicals, compounds, tools, and equipment used in the rotational moulding industry. The company operates its manufacturing facility at Khatwad, Dindori, Nashik, Maharashtra, which includes a laboratory and quality control department. Its manufacturing process includes blending, pelletising and pulverisation. The company exports its products to various countries and is an ISO 9001:2015 certified company.
Founded 2013MD Mr Umakant Nivrutti SavadekarSector Plastic products
Offer documents
The primary sources everything above is drawn from
Common questions
What is the Phychem Technologies IPO GMP today?
The most recent grey-market premium recorded for Phychem Technologies is ₹3 per share — about 5.6% over the ₹54 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Phychem Technologies IPO subscribed?
Phychem Technologies is subscribed 20.79× overall (QIB 4.31×, NII 42.41×, retail 20.76×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, MUFG Intime India Pvt Ltd.
What is the minimum investment in the Phychem Technologies IPO?
One lot is 2,000 shares, so a retail application at the ₹54 cut-off price blocks ₹1,08,000. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Phychem Technologies IPO?
The retail portion is subscribed 20.76×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 21. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Phychem Technologies IPO allotment date?
Allotment is scheduled for 2026-09-03, with listing on 2026-09-07. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, MUFG Intime India Pvt Ltd.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.