Patel Chem Specialities IPO
Patel Chem Specialities IPO
Overview
Patel Chem Specialities IPO is a bookbuilding of ₹58.80 crores. The issue is entirely a fresh issue of 70.00 lakh shares. Patel Chem Specialities IPO opens for subscription on July 25, 2025 and closes on July 29, 2025. The allotment for the Patel Chem Specialities IPO is expected to be finalized on Wednesday, July 30, 2025. Patel Chem Specialities IPO will be list on BSE SME with a tentative listing date fixed as Friday, August 1, 2025. Patel Chem Specialities IPO price band is set at ₹82 to ₹84 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,62,400 (3,200 shares). The minimum lot size investment for HNI is 3 lots (4,800 shares) amounting to ₹4,03,200. Cumulative Capital Private Limited is the book-running lead manager of the Patel Chem Specialities IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.The market maker for Patel Chem Specialities IPO is Globalworth Securities Limited.
Total Shares
70,00,000
Issue Size
₹58.80 Cr
Price Band
₹84 – ₹84
Lot Size
1600 shares
Min. Investment
₹2,68,800
Max. Investment
₹2,68,800
Open Date
25 Jul, 2025
Close Date
29 Jul, 2025
Allotment
30 Jul, 2025
Listing
01 Aug, 2025
Max. Investment
₹2,68,800
Announced
25 Jul, 2025
Opening Date
25 Jul, 2025
Closing Date
29 Jul, 2025
Basis of Allotment
30 Jul, 2025
Initiation of Refunds
31 Jul, 2025
Credit of Shares
31 Jul, 2025
Listing Date
01 Aug, 2025
Live GMP
Est. Listing: ₹124
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About Patel Chem Specialities IPO
Incorporated in 2008, Patel Chem Specialities Limited (PCSL) is engaged in the manufacturing and exporting pharmaceutical excipients and specialty chemicals.
The company manufactures various essential chemicals used in pharmaceuticals, food, cosmetics, and industrial applications, serving as binders, disintegrants, thickeners, stabilizers, and gelling agents across industries.
The company’s manufacturing facilities in Vatva, Ahmedabad, and Talod, Himmatnagar, follow strict quality
Patel Chem Specialities IPO Share Price
Issue Breakdown
Shareholding
Dilution: 39.2% increase in shares
Patel Chem Specialities IPO Promoters Holding
Patel Chem Specialities IPO Financial Health
Patel Chem Specialities Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 38% between the financial year ending with March 31, 2025 and March 31, 2024.
Patel Chem Specialities IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | ₹2,68,800 |
| Individual investors (Retail) (Max) | 2 | 3200 | ₹2,68,800 |
| S-HNI (Min) | 3 | 4800 | ₹4,03,200 |
| S-HNI (Max) | 7 | 11200 | ₹9,40,800 |
| B-HNI (Min) | 8 | 12800 | ₹10,75,200 |
(All values in CR)
Patel Chem Specialities IPO Valuations
The market capitalization of Patel Chem Specialities IPO is ₹208.91 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 29.85 |
| ROCE | 36.26 |
| Debt/Equity | 0.42 |
| RoNW | 24.32 |
| PAT Margin | 10.01 |
| EBITDA Margin | 14.97 |
| Price to Book Value | 4.11 |
(All values in CR)
Patel Chem Specialities IPO Strength & Risk
Patel Chem Specialities IPO Strength:
Diversified & innovative product portfolio
Offers pharmaceutical excipients like Rheollose®, Disolwell®, Swellcal®, and AmyloTab™, with focus on quality and innovation.Global and SME footprint
Supplies to over 15 countries including US, EU, Middle East, East Asia—even operating as SME IPO on BSE–SME platform.Strong financial performance
FY25 revenue ₹105.5 cr; PAT ₹10.57 cr; EBITDA ₹15.8 cr. Profit margin 10% and ROE ~29.9% (ROCE 36.3%).Healthy capacity utilization & growth plans
Installed capacity 7,200 MT/year; utilization 89%. IPO proceeds to fund ₹43.14 cr capex for new Indrad plant (Mehsana) to expand production.
Patel Chem Specialities IPO Risk:
Raw material supply dependency
Reliant on limited states domestically and a single foreign country for imports. Lack of long-term supplier contracts may impact cost and availability.Geographic concentration issues
Domestic sales concentrated in a few states; any disruption could impact revenues and margins.Complex international operations
Export markets expose it to FX risk, legal/tax compliance, and regulatory uncertainty across countries like US, Russia, UK, Germany, Japan, Korea.Under-utilisation / capacity strain risk
Possible under-use of installed capacity or operational strain from overutilisation as new facilities come online.Audit-related disclosure
Financials are restated and audited by a peer-reviewed auditor who is not the statutory auditor, which could raise governance concerns.
Patel Chem Specialities IPO Subscriptions Status
Patel Chem Specialities IPO subscribed 15.95 times. The public issue subscribed 25.21 times in the individual investors category, 1.01 times in QIB, and 14.24 times in the NII category by July 28, 2025 3:44:34 PM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 19,87,200 | 19,87,200 | 16.69 |
| Market Maker | 1.00 | 3,53,600 | 3,53,600 | 2.97 |
| Qualified Institutions | 1.01 | 13,29,600 | 13,45,600 | 11.3 |
| Non-Institutional Buyers | 14.24 | 9,98,400 | 1,42,17,600 | 119.43 |
| bNII (bids above ₹10L) | 14.81 | 6,65,600 | 98,57,600 | 82.8 |
| sNII (bids below ₹10L) | 14.16 | 3,32,800 | 47,13,600 | 39.59 |
| Individual Investors (IND category bidding for 2 Lots) | 25.21 | 23,31,200 | 5,87,61,600 | 493.6 |
| Total | 15.95 | 46,59,200 | 7,43,24,800 | 624.33 |
Patel Chem Specialities IPO GMP
Patel Chem Specialities SME IPO last GMP is ₹40, last updated Jul 28th 2025 02:57 PM. With the price band of 84.00, Patel Chem Specialities SME IPO's estimated listing price is ₹124 (cap price + today's GMP).The expected percentage gain/loss per share is 47.62%. >> Patel Chem Specialities SME IPO Retail Subject to Sauda: ₹48600 The lowest GMP is ₹0.00, while the highest GMP is ₹45.00.
Last updated 28 Jul, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 28 Jul, 2025 | 84 | ₹40▼ | 48600 | ₹124 ( 47.62%) | 64000 | 28 Jul, 2025 |
| 27 Jul, 2025 | 84 | ₹45 | 54700 | ₹129 (53.57%) | 72000 | 27 Jul, 2025 |
| 26 Jul, 2025 | 84 | ₹45 | 54700 | ₹129 (53.57%) | 72000 | 26 Jul, 2025 |
| 25 Jul, 2025 | 84 | ₹45▲ | 54700 | ₹129 (53.57%) | 72000 | 25 Jul, 2025 |
| 24 Jul, 2025 | 84 | ₹35▲ | 42600 | ₹119 (41.67%) | 56000 | 24 Jul, 2025 |
| 23 Jul, 2025 | 84 | ₹23▲ | 28000 | ₹107 (27.38%) | 36800 | 23 Jul, 2025 |
| 22 Jul, 2025 | 84 | ₹18▲ | 21900 | ₹102 ((21.43%) | 28800 | 22 Jul, 2025 |
| 21 Jul, 2025 | 84 | ₹16▲ | 19500 | ₹100 (19.05%) | 25600 | 21 Jul, 2025 |
| 20 Jul, 2025 | 84 | ₹12▲ | 14600 | ₹96 (14.29%) | 19200 | 20 Jul, 2025 |
| 19 Jul, 2025 | 84 | ₹11▲ | 13400 | ₹95 (13.10%) | 17600 | 19 Jul, 2025 |
| 18 Jul, 2025 | 84 | ₹0 | - | ₹84 (0.00%) | - | 18 Jul, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Patel Chem Specialities IPO
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Your funds will be blocked in your account until the IPO allotment process is completed.