Fixed Price IPO | ₹38 Cr | Listing at BSE SME | Thu, Dec 18, 2025 - Mon, Dec 22, 2025
Phytochem Remedies IPO is a fixed price issue of ₹38.22 crores. The issue is entirely a fresh issue of 0.39 crore shares of ₹38.22 crore.
Phytochem Remedies IPO bidding started from Dec 18, 2025 and ended on Dec 22, 2025. The allotment for Phytochem Remedies IPO was finalized on Dec 23, 2025. Phytochem Remedies IPO will list on BSE SME with a tentative listing date fixed as Dec 26, 2025.
Phytochem Remedies IPO price is ₹98 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,35,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,52,800.
Mefcom Capital Markets Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to Phytochem Remedies IPO DRHP for detailed Information.
IPO Open
Thu, Dec 18, 2025
IPO Close
Mon, Dec 22, 2025
Issue Price
₹98 per share
Market Cap (Pre-IPO)
₹115.39 Cr
| IPO Date | 18 to 22 Dec, 2025 |
| Listing Date | Fri, Dec 26, 2025T |
| Face Value | ₹10 per share |
| Issue Price | ₹98 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 39,00,000 shares (agg. up to ₹38 Cr) |
| Reserved for Market Maker | 1,96,800 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 37,03,200 shares (agg. up to ₹36 Cr) |
| Net Offered to Public | 37,03,200 shares (agg. up to ₹36 Cr) |
| Share Holding Pre Issue | 78,75,000 shares |
| Share Holding Post Issue | 1,17,75,000 shares |
Phytochem Remedies IPO comprises a total issue size of 39,00,000 shares. The net offer to the public is 37,03,200 shares, after excluding 1,96,800 shares allotted on a firm basis. Of the Net offer 18,51,600 (50.00%) allocated to NII 18,51,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,51,600 | 50.00% | 47.48% |
| Retail Shares Offered | 18,51,600 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,96,800 | 5.05% | |
| Total Shares Offered | 39,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,35,200 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,35,200 |
| HNI (Min) | 3 | 3,600 | ₹3,52,800 |
Incorporated in 2002, Phytochem Remedies (India) Limited is a manufacturer of corrugated boxes and corrugated board solutions, catering primarily to industries such as food & beverages, FMCG, pesticides, pharmaceuticals, and automotive, based in Jammu, India.
The company operate in two units at Bari Brahmana, Jammu, with Unit 1 having a total allocated area of 43,360 Sq. Ft. and Unit 2 having an allocated area of 1,73,440 Sq. Ft. Currently, Unit 1 is utilizing approximately 12,000 Sq. Ft. and Unit 2 is utilizing approximately 55,000 Sq. Ft. of total area of respective units.
Products:
As on date September 30, 2025, the company had 51 employees.
Competitive Strengths:
Phytochem Remedies (India) Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 94% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 53.68 | 44.50 | 41.85 | 37.07 |
| Total Income | 25.01 | 36.81 | 32.90 | 20.83 |
| Profit After Tax | 3.75 | 4.48 | 2.31 | 0.82 |
| EBITDA | 6.72 | 8.69 | 5.88 | 2.91 |
| NET Worth | 16.89 | 13.14 | 8.74 | 6.42 |
| Reserves and Surplus | 9.02 | 9.99 | 5.51 | 3.20 |
| Total Borrowing | 19.32 | 18.69 | 21.02 | 20.30 |
| 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 requirements for the purchase of equipment/machineries | 13.60 |
| 2 | Funding capital expenditure requirements towards civil construction | 5.88 |
| 3 | Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company | 9.37 |
| 4 | General Corporate Purposes | 5.64 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 34.07% |
| ROCE | 25.29% |
| Debt/Equity | 1.42 |
| RoNW | 34.07% |
| PAT Margin | 12.25% |
| EBITDA Margin | 23.78% |
| Price to Book Value | 2.35 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.68 | 6.38 |
| P/E (x) | 17.24 | 15.37 |
| Promoter Holding | 100.00% | 66.88% |
| Market Cap | ₹115.39 Cr. |
The Phytochem Remedies IPO is subscribed 0.57 times on December 22, 2025 6:19:33 PM (Day 3). The public issue subscribed 0.83 times in the individual investors category, [.] times in the QIB category, and 0.31 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.31 | 18,51,600 | 5,67,600 | 0 |
| Individual Investor | 0.83 | 18,51,600 | 15,45,600 | 0 |
| Total | 0.57 | 37,03,200 | 21,13,200 | 802 |
Total Application : 802
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Lead Manager | 1.72 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees payable to Legal Advisor | 0.15 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.17 |
| 5 | Fees payable to Regulators including Stock Exchanges and other Intermediaries | 0.11 |
| 6 | Fees payable to Peer Review Auditor | 0.05 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees to underwriters and miscellaneous expenses.) | 1.37 |
| 9 | Escrow/Sponser/Refund Bank Fees | 0.01 |
| 10 | Fees payable to the industry service provider | 0.04 |
| 11 | Fee payable to the independent chartered Engineer | 0.00 |
BSE Notice No:-20251222-50
Notice Date: Dec 22, 2025 (Monday)
Subject:Withdrawal of Public issue of Phytochem Remedies India Limited
This is with reference to the SME IPO of Phytochem Remedies India Limited scheduled to close from today i.e: December 22, 2025 (Monday).
Basis the communication received from the merchant banker vide Company's letter dated December 22, 2025, it is hereby notified that the issue has been withdrawn. Company's withdrawal letter has been attached for ready reference.
Market participants and applicants in the captioned SME IPO may please note the same.
Hardik Bhuta
Assistant Vice President
December 22, 2025.
Lead Manager Reports
Phytochem Remedies IPO is a SME IPO of 39,00,000 equity shares of the face value of ₹10 aggregating up to ₹38 Crores. The issue is priced at ₹98 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Dec 18, 2025, and closes on Mon, Dec 22, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Phytochem Remedies IPO using UPI as a payment gateway. Zerodha customers can apply in Phytochem Remedies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Phytochem Remedies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Phytochem Remedies IPO opens on Thu, Dec 18, 2025 and closes on Mon, Dec 22, 2025.
Phytochem Remedies IPO lot size is 1200, and the minimum amount required for application is ₹2,35,200, with 2 lots being the minimum application size.
You can apply in Phytochem Remedies 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 Phytochem Remedies IPO will be done on Tuesday, December 23, 2025, and the allotted shares will be credited to your demat account by Wed, Dec 24, 2025. Check the Phytochem Remedies IPO allotment status.
The Phytochem Remedies IPO listing date is not yet announced. The tentative date of listing is Fri, Dec 26, 2025.
