Bookbuilding IPO | ₹59 Cr | Listed at BSE SME | Fri, Jul 25, 2025 - Tue, Jul 29, 2025
Patel Chem Specialities IPO is a book build issue of ₹58.80 crores. The issue is entirely a fresh issue of 0.70 crore shares of ₹58.80 crore.
Patel Chem Specialities IPO bidding started from Jul 25, 2025 and ended on Jul 29, 2025. The allotment for Patel Chem Specialities IPO was finalized on Jul 30, 2025. The shares got listed on BSE SME on Aug 1, 2025.
Patel Chem Specialities IPO price band is set at ₹84 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,68,800 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹4,03,200.
Cumulative Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Globalworth Securities Ltd..
Refer to Patel Chem Specialities IPO RHP for detailed Information.
IPO Open
Fri, Jul 25, 2025
IPO Close
Tue, Jul 29, 2025
Issue Price
₹84 per share
Market Cap (Pre-IPO)
₹208.91 Cr
| IPO Date | 25 to 29 Jul, 2025 |
| Listed on | Fri, Aug 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹82 to ₹84 |
| Issue Price | ₹84 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 70,00,000 shares (agg. up to ₹59 Cr) |
| Reserved for Market Maker | 3,53,600 shares Globalworth Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 66,46,400 shares (agg. up to ₹56 Cr) |
| Net Offered to Public | 66,46,400 shares (agg. up to ₹56 Cr) |
| Share Holding Pre Issue | 1,78,70,000 shares |
| Share Holding Post Issue | 2,48,70,000 shares |
| BSE Script Code | 544460 |
| ISIN | INE161701011 |
Patel Chem Specialities IPO comprises a total issue size of 70,00,000 shares. The net offer to the public is 66,46,400 shares, after excluding 3,53,600 shares allotted on a firm basis. Of the Net offer 33,16,800 (49.90%) are allocated to QIB, 9,98,400 (15.02%) allocated to NII 23,31,200 (35.07%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 33,16,800 | 49.90% | 47.38% |
| − Anchor Investor Shares Offered | 19,87,200 | 28.39% | |
| − QIB (Ex. Anchor) Shares Offered | 13,29,600 | 18.99% | |
| NII (HNI) Shares Offered | 9,98,400 | 15.02% | 14.26% |
| − bNII > ₹10L | 6,65,600 | 9.51% | |
| − sNII < ₹10L | 3,32,800 | 4.75% | |
| Retail Shares Offered | 23,31,200 | 35.07% | 33.30% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,53,600 | 5.05% | |
| Total Shares Offered | 70,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,68,800 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,68,800 |
| S-HNI (Min) | 3 | 4,800 | ₹4,03,200 |
| S-HNI (Max) | 7 | 11,200 | ₹9,40,800 |
| B-HNI (Min) | 8 | 12,800 | ₹10,75,200 |
Patel Chem Specialities IPO raises ₹16.69 crore from anchor investors. Patel Chem Specialities IPO Anchor bid date is July 24, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jul 24, 2025 |
| Shares Offered | 19,87,200 |
| Anchor Portion (₹ Cr.) | 16.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Aug 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Oct 27, 2025 |
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 control standards, ensuring bulk production of chemicals that meet international certifications like US-DMF and GMP.
The company’s manufacturing facility covers 7,000 square yards, with a capacity of over 7,200 MT annually for pharmaceutical excipients, featuring departments for storage, production, R&D, quality control, packaging, and warehousing.
The company has expanded globally, serving East Asia, Europe, the Middle East, North America, and Southeast Asia, delivering high-quality products that meet international standards to lead the chemical industry.
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 65.31 | 46.97 | 37.08 |
| Total Income | 105.55 | 82.72 | 69.75 |
| Profit After Tax | 10.57 | 7.66 | 2.89 |
| EBITDA | 15.80 | 12.02 | 5.83 |
| NET Worth | 35.40 | 19.52 | 11.87 |
| Reserves and Surplus | 17.53 | 18.52 | 10.87 |
| Total Borrowing | 14.85 | 15.46 | 11.79 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirement of the Company | 43.15 |
| 2 | General corporate purposes | 8.40 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.91 | 4.25 |
| P/E (x) | 14.21 | 19.77 |
| Promoter Holding | 95.13% | 69.78% |
| Market Cap | ₹208.91 Cr. |
The Patel Chem Specialities IPO is subscribed 167.32 times on July 29, 2025 5:04:34 PM (Day 3). The public issue subscribed 173.03 times in the individual investors category, 105.27 times in the QIB category, and 236.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 105.27 | 13,29,600 | 13,99,71,200 | 0 |
| NII* | 236.62 | 9,98,400 | 23,62,44,800 | 0 |
| bNII (> ₹10L) | 253.06 | 6,65,600 | 16,84,36,800 | 1,52,542 |
| sNII (< ₹10L) | 204.81 | 3,32,800 | 6,81,61,600 | 1,52,542 |
| Individual Investor | 173.03 | 23,31,200 | 40,33,69,600 | 0 |
| Total | 167.32 | 46,59,200 | 77,95,85,600 | 1,52,542 |
Total Applications: 1,52,542
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger fees | 1.00 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.25 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.04 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.28 |
| 7 | Others, if any (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, depositories, secretarial, advisors, consultancy, peer review auditors, Processing Fees, Underwriting fees and Miscellaneous Expenses) | 5.65 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹84.00 |
| Open | ₹110.00 |
| Low | ₹104.50 |
| High | ₹114.00 |
| Last Trade | ₹104.50 |
Lead Manager Reports
Patel Chem Specialities IPO is a SME IPO of 70,00,000 equity shares of the face value of ₹10 aggregating up to ₹59 Crores. The issue is priced at ₹84 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Jul 25, 2025, and closes on Tue, Jul 29, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Patel Chem Specialities IPO using UPI as a payment gateway. Zerodha customers can apply in Patel Chem Specialities IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Patel Chem Specialities IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Patel Chem Specialities IPO opens on Fri, Jul 25, 2025 and closes on Tue, Jul 29, 2025.
Patel Chem Specialities IPO lot size is 1600, and the minimum amount required for application is ₹2,68,800, with 2 lots being the minimum application size.
You can apply in Patel Chem Specialities IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Patel Chem Specialities IPO will be done on Wednesday, July 30, 2025, and the allotted shares will be credited to your demat account by Thu, Jul 31, 2025. Check the Patel Chem Specialities IPO allotment status.
The Patel Chem Specialities IPO listing date is on Fri, Aug 1, 2025.
