November 26, 2025
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Neochem Bio IPO – SME Issue
Neochem Bio Solutions Ltd. is launching a Book-Build SME IPO of 0.46 crore equity shares, entirely a fresh issue.
The IPO opens on December 2, 2025, and closes on December 4, 2025.
Allotment is expected on December 5, and the shares will tentatively list on December 9, 2025, on NSE SME.
The price band is yet to be declared (Rs. [.] to Rs. [.]).
Lot size is also awaited.
Lead Manager: Vivro Financial Services Pvt. Ltd.
Registrar: MUFG Intime India Pvt. Ltd.
Market Maker: Rikhav Securities Ltd.
🕗 Last Update: 26 November 2025, 8.00 AM
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IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | December 2, 2025 |
| IPO Close Date | December 4, 2025 |
| Allotment Date | December 5, 2025 |
| Refunds Initiation | December 8, 2025 |
| Credit to Demat | December 8, 2025 |
| Listing Date | December 9, 2025 |
| UPI Mandate Cut-off | 5 PM, December 4, 2025 |
Final Subscription Status (To be updated)
Size: Rs. [.] crore (Closes 4 December 2025)
QIB – x | NII – x | RII – x | Total – x
Applications – [.]
Subscription Review:
(To be updated on closing day)
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price Band | Rs. [.] to Rs. [.] per share |
| Lot Size | To be updated |
| Sale Type | Fresh Issue |
| Total Issue Size | 45,88,800 shares (Rs. [.] crore) |
| Market Maker Portion | 2,32,800 shares – Rikhav Securities Ltd. |
| Net Offer to Public | 43,56,000 shares (Rs. [.] crore) |
| Issue Type | Book-Build Issue |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 1,25,31,953 shares |
| Shareholding Post-Issue | 1,71,20,753 shares |
Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of Net Issue |
| Retail | Not less than 35% of Net Issue |
| NII (HNI) | Not less than 15% of Net Issue |
Application Details
| Category | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min/Max) | To be updated | – | – |
| HNI (Min) | To be updated | – | – |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Promoter Holding Pre-Issue | 91.12% |
| Promoter Holding Post-Issue | To be updated |
Promoters: Swapnil Rameshbhai Makati and Hemangini Swapnil Dathia.
About Neochem Bio Solutions Ltd.
Incorporated in 2006, Neochem Bio Solutions Ltd. is engaged in the manufacturing of specialty performance chemicals.
Its products find applications across:
• Textile & garment washing
• Home & personal care (HPC)
• Institutional & industrial cleaners
• Water treatment
• Paints & coatings
• Paper & pulp
• Construction
• Rubber
• Dyes & pigments
Neochem offers a full range of textile and garment auxiliaries including pre-treatment, dyeing, finishing, printing and coating chemicals.
Manufacturing Facility:
• Location: Saket Industrial Estate, Moraiya, Sanand, Ahmedabad
• Capacity: 22,000 MTPA
• Plant Area: 6,763 sq. meters
Competitive Strengths
• Strong presence across multiple end-use industries
• Focus on innovation and sustainable performance chemistries
• Expanding geographical footprint
• Ability to leverage existing collaborations for diversifying applications
Financial Snapshot (Rs. crore)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 96.49 | 78.89 | 64.06 | 50.60 |
| Total Income | 47.18 | 86.15 | 62.01 | 48.79 |
| Profit After Tax | 5.48 | 7.75 | 1.80 | 1.07 |
| EBITDA | 8.59 | 13.11 | 5.99 | 4.23 |
| Net Worth | 32.24 | 19.75 | 12.00 | 8.05 |
| Reserves | 19.70 | 13.08 | 5.33 | 2.63 |
| Total Borrowings | 38.54 | 35.62 | 33.32 | 26.24 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 48.82% |
| ROCE | 41.67% |
| Debt/Equity | 1.80 |
| RoNW | 48.82% |
| PAT Margin | 9.00% |
| EBITDA Margin | 15.58% |
| EPS (Pre-Issue) | Rs. 6.18 |
| EPS (Post-Issue) | To be updated |
Objects of the Issue
| S.No. | Purpose | Amount (Rs. crore) |
|---|---|---|
| 1 | Long-term working capital | 23.90 |
| 2 | Repayment / prepayment of borrowings | 10.00 |
| 3 | General corporate purposes | – |
Company Contact
Neochem Bio Solutions Ltd.
303, W1, Opp. Vikramnagar Colony,
Off Iscon–Ambli Road, Ahmedabad – 380058
📞 +91 079 35217792
✉ compliance@neochem.in
🌐 www.neochem.in
Lead Manager
Vivro Financial Services Pvt. Ltd.
Registrar
MUFG Intime India Pvt. Ltd.
📞 +91-22-4918 6270
✉ neochem.smeipo@in.mpms.mufg.com
🌐 https://linkintime.co.in/Initial_Offer/public-issues.html
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
