August 1, 2025
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Subscription Status
| Size Rs. 55.83 Crore LM: Cumulative & Unistone | ||||
| QIB | NII x | RII x | Total x | Applications |
| 105.27 | 236.62 | 173.03 | 167.32 | 152452 |
| Subscription Review: Reasonably good subscriptions on the last day |
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About Patel Chem Specialities Limited
Incorporated in 2008, Patel Chem Specialities Limited (PCSL) is a specialized manufacturer and exporter of pharmaceutical excipients and specialty chemicals. Its products play a critical role in the pharmaceutical, food, cosmetic, and industrial sectors, serving as binders, disintegrants, thickeners, stabilizers, and gelling agents.
PCSL operates two well-equipped manufacturing facilities located in Vatva (Ahmedabad) and Talod (Himmatnagar). These facilities follow stringent quality protocols and are certified with international standards such as US-DMF and GMP, ensuring consistency in large-scale production.
The company’s manufacturing unit spans 7,000 square yards, with an annual production capacity exceeding 7,200 MT of pharmaceutical excipients. The setup includes dedicated zones for storage, production, R&D, quality control, packaging, and warehousing.
PCSL has established a strong global footprint, supplying its products to regions including East Asia, Europe, the Middle East, North America, and Southeast Asia. Its focus on innovation and quality has positioned it as a trusted name in the global specialty chemicals industry.
Key Product Portfolio:
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Rheollose® (Sodium Carboxymethyl Cellulose): Thickener and stabilizer
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Disolwell® (Croscarmellose Sodium): Super disintegrant in oral formulations
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Swellcal® (Calcium Carboxymethyl Cellulose): Used in pharma as a disintegrant
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AmyloTab™ (Pregelatinized Starch): Enhances disintegration and dissolution in tablets
As of March 31, 2025, the company employs a team of 136 professionals supporting its operations and growth.
Patel Chem Specialities IPO Details
|
Sector: Travel booking |
|
| IPO opens on | 25 July 2025 |
| IPO closes on | 29 July 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 70,00,000 Shares / Rs 58.80 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 3,53,600 Shares |
| Net offer to Public | 66,46,400 Shares Rs.55.83 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 82-84 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | BSE SME |
| Investor Category | Shares Offered |
| Market Maker Shares | 3,53,600 |
| QIB Shares | 33,16,800 |
| NII (HNI) Shares | 9,98,400 |
| Retail Shares | 23,31,200 |
| Total Shares | 70,00,000 |
| 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 |
Who are the Promoters of Patel Chem Specialities IPO?
Bhupesh Patel, Anshu Patel, and Vini Patel are the promoters of the company. The promoters hold 95.13% of the pre-IPO capital
What are the Objects of Patel Chem Specialities IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
- Funding capital expenditure requirement of the Company Rs. 43.14 Crore
* General Corporate purposes and Issue expenses
Patel Chem Specialities IPO Timetable
Tentative timetable |
|
| IPO opens on | 25 July 2025 |
| IPO Closes on | 29 July 2025 |
| IPO Allotment on | 30 July 2025 |
| Refund Initiation | 31 July 2025 |
| Credit of Shares | 31 July 2025 |
| Listing on | 1 August 2025 |
| Registered Office of the Company Patel Chem Specialities Ltd. Plot No. 272/4-5, Phase II, G.I.D.C Industrial Estate, Vatva Road Ahmedabad, Gujarat, 382445 |
| Lead Managers of this IPO Cumulative Capital Private Ltd Unistone Capital Pvt Ltd |
| Who is the Registrar to the IPO? Mufg Intime India Pvt Ltd |
Patel Chem Specialities IPO IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Patel Chem Specialities IPO Financials
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 65.31 | 46.97 | 37.08 |
| Revenue | 105.55 | 82.72 | 69.75 |
| Profit After Tax | 10.57 | 7.66 | 2.89 |
| EBITDA | 15.8 | 12.02 | 5.83 |
| Net Worth | 35.4 | 19.52 | 11.87 |
| Reserves and Surplus | 17.53 | 18.52 | 10.87 |
| Total Borrowing | 14.85 | 15.46 | 11.79 |
| Amount in Rs. Crore | |||
Performance Indicators
| KPI | Values |
| 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 |
| EPS | 5.91 |
| PE Ratio | 14.21 |
How Patel Chem Specialities IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Patel Chem Specialities Limited | 29.85 | |
| Accent Microcell Limited | 16.26 | 16.97 |
| Sigachi Industries Limited | 20.51 | 11.73 |
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