Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Safex Chemicals (India) Ltd. on October 17, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Safex Chemicals (India) Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹450.00 crores and an offer for sale (OFS) of upto 3.57 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Safex Chemicals IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹450 Cr) |
| Offer for Sale | 3,57,34,818 shares of ₹1 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 16,05,85,503 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Jul 4, 2025 |
| SEBI/Exchange approval received | Fri, Oct 17, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in January 1991, Safex Chemicals (India) Ltd is a speciality chemicals company focused on agrochemicals and active across the agrochemical value chain.
The company operates in three verticals: branded formulation, specialty chemicals, and CDMO, serving farmers and global agrochemical firms.
As of March 31, 2025, the company's operations are spread across 22 countries in six continents.
As of March 31, 2025, the company's product portfolio consisting of 140 items, including insecticides, herbicides, fungicides, fertilizers, and plant growth regulators.
The company has a network of over 14,950 active dealers who sell its products directly to farmers.
The company has six manufacturing units in India that cater to our branded formulation business and are strategically located in agrochemical hubs in western and northern India.
As of March 31, 2025, the company has one of the largest and widest product portfolios in the Indian agrochemicals industry.
As of March 31, 2025, the company employed 37 people dedicated to its quality control and process safety operations.
As of March 31, 2025, the company had a total of 1,555 full-time employees in various departments.
Competitive Strength:
Safex Chemicals (India) Ltd.'s revenue increased by 13% and profit after tax (PAT) rose by 37% 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 | 2,084.36 | 1,923.43 | 1,905.17 |
| Total Income | 1,605.82 | 1,417.66 | 1,167.47 |
| Profit After Tax | -14.29 | -22.79 | -1.02 |
| EBITDA | 233.03 | 118.65 | 149.06 |
| NET Worth | 611.46 | 626.15 | 648.88 |
| Reserves and Surplus | 656.47 | 657.84 | 664.85 |
| Total Borrowing | 830.39 | 677.09 | 680.22 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment, in part or full, of certain of or all of borrowings availed by the Company; | 255.59 |
| 2 | Repayment/prepayment, in part or full, of certain of or all of borrowings availed by Subsidiary, namely, Shogun Organics, through investments in such Subsidiary | 110.00 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | -2.12% |
| ROCE | 10.65% |
| Debt/Equity | 0.95 |
| RoNW | -2.34% |
| PAT Margin | -0.90% |
| EBITDA Margin | 14.70% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 54.3% |
Lead Manager Reports
Safex Chemicals IPO is a main-board IPO of 0 equity shares of the face value of ₹1 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Safex Chemicals IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Safex Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Safex Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Safex Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Safex Chemicals IPO dates are not announced. Please check back again after some time.
Safex Chemicals IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Safex Chemicals 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 Safex Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Safex Chemicals IPO allotment status.
The Safex Chemicals IPO listing date is not yet announced. The tentative date of listing is .
