- Issue price
- ₹98per share
- Issue size
- ₹38.22 Cr39,00,000 shares
- Face value
- ₹10per equity share
- Lot size
- 1,200 sharesMin. ₹1.18 L at the upper price
- OpensThu, 2025
- ClosesMon, 2025
- AllotmentWed, 2025Refunds and Demat credit same day
- ListingFri, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Fixed price, fresh issue
- Fresh issue
- 39,00,000 shares (₹38.22 Cr)
- Offer for sale
- None
- Total issue
- 39,00,000 shares (₹38.22 Cr)
- Market maker portion
- 1,96,800 shares
- Face value
- ₹10
- Listing at
- BSE SME
- Promoter holding
- 99.99% → 66.87%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail47.5%
- Small NII47.5%
- Market maker5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 18,51,600 | 50.00% | 50% |
| Small NII (₹2–10 lakh) | 18,51,600 | 50.00% | 50% |
| Market maker | 1,96,800 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹98 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 2,400–1,96,800 | ₹2.35 L–₹1.93 Cr |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹14.21
- P/E (FY 2024-25 at issue price)
- 6.90×
- P/E (Weighted average EPS at issue price)
- 9.52×
- RoNW
- 34.07%
- RoNW (Weighted average)
- 27.98%
- NAV per share (As at September 30, 2025)
- ₹21.45
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 30 Sep 20256 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 24.82 | 36.54 | 32.83 | 20.82 |
| Total income | 25.01 | 36.81 | 32.90 | 20.83 |
| EBITDA | 6.72 | 8.69 | 5.88 | 2.91 |
| Profit after tax | 3.75 | 4.48 | 2.31 | 0.82 |
| Net worth | 16.89 | 13.14 | 8.74 | 6.42 |
| Reserves and surplus | 9.02 | 9.99 | 5.51 | 3.20 |
| Total assets | 53.68 | 44.50 | 41.85 | 37.07 |
| Total borrowing | 19.32 | 18.69 | 21.02 | 20.30 |
FY 2024-25 vs FY 2023-24: revenue +11.3%, profit after tax +93.7%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
The company makes corrugated boxes, rolls, pads and sheets, and designs customised packaging for clients. Its production runs from two units in Bari Brahmana, Jammu. Its customers are mainly in pharmaceuticals, agriculture, pesticides and FMCG.
- Incorporated
- 2002
- Industry
- Corrugated Packaging
- CIN
- U17014RJ2002PLC017943
- Website
- phytochem.co.in
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Bohra Agrifilms Private Limited | Promoter | 43.83% | 29.31% |
| Niranjan Surana | Promoter | 36.82% | 24.63% |
| Aditi Bohra | Promoter | 16.17% | 10.81% |
| Shilpa Surana | Promoter | 3.17% | 2.12% |
| Public | Public | — | 33.12% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Purchase of plant and machinery equipment | 13.60 |
| Civil construction for capacity expansion | 5.88 |
| Repayment or prepayment of certain borrowings | 9.37 |
| General corporate purposes | 5.64 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Phytochem Remedies (India) LimitedIssuer | ₹14.21 | 6.90× | 34.07% | ₹41.71 |
| Perfectpac Ltd | ₹4.73 | 20.49× | 8.40% | ₹56.36 |
| Worth Peripherals Ltd | ₹10.03 | 14.43× | 9.10% | ₹110.28 |
| G K P Printing & Packaging Ltd | ₹0.39 | 18.36× | 3.80% | ₹10.18 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long-standing relationships with a broad customer base across several industries.
- Revenue and profit have grown over FY 2022-23 to the six months ended September 30, 2025.
- Two manufacturing units in Jammu with unused land earmarked for expansion.
- ISO 9001:2015 certified quality management system.
- Promoters bring over 30 years of combined experience in manufacturing.
Risks
- About 51.62% of revenue in the six months to September 30, 2025 came from the top ten customers, and there are no long-term customer contracts.
- No long-term or exclusive supply agreements with raw material suppliers; top ten suppliers were 94.01% of cost of goods sold in the six-month period.
- All manufacturing is concentrated in two facilities in Jammu, exposing the business to regional risks.
- Use of issue proceeds is based on internal estimates that have not been appraised by any bank or financial institution.
- Current capacity utilisation is moderate, at about 68.98% annualised for the six months to September 30, 2025.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹98) appear here after the shares list on BSE SME.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Phytochem Remedies (India) IPO open and close?
According to the Prospectus, the issue opens on Thursday, 18 December 2025 and closes on Monday, 22 December 2025.
What is the Phytochem Remedies (India) IPO price band?
The final issue price is ₹98 per share.
What is the lot size of the Phytochem Remedies (India) IPO?
One lot is 1,200 shares, which is ₹1.18 L at ₹98 per share.
Where will Phytochem Remedies (India) shares list?
On BSE SME. The tentative listing date is Friday, 26 December 2025.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Phytochem Remedies (India) IPO allotment status?
The basis of allotment is expected to be finalised on Wednesday, 24 December 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹13.6 Cr for purchase of plant and machinery equipment, ₹5.88 Cr for civil construction for capacity expansion, ₹9.37 Cr for repayment or prepayment of certain borrowings, ₹5.64 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.