Phytochem Remedies IPO
Phytochem Remedies (India) Ltd. is launching a Fixed Price SME IPO of Rs. 38.22 crore, comprising an entirely fresh issue of 39,00,000 equity shares. The issue aims to support capacity expansion, reduce debt, and strengthen the company’s balance sheet.
The IPO opens for subscription on Thursday, December 18, 2025, and closes on Monday, December 22, 2025. The shares are proposed to be listed on BSE SME, with a tentative listing date of Friday, December 26, 2025.
🕗 Last Update: 15 December 2025, 6.00 AM
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Phytochem Remedies IPO – Key Details
| Particulars | Details |
|---|---|
| IPO Dates | Dec 18, 2025 – Dec 22, 2025 |
| Listing | BSE SME |
| Face Value | Rs. 10 per share |
| Issue Price | Rs. 98 per share |
| Lot Size | 1,200 shares |
| Issue Size | 39,00,000 shares (Rs. 38.22 Cr) |
| Issue Type | Fixed Price IPO |
| Sale Type | Entirely Fresh Issue |
| Market Maker Portion | 1,96,800 shares (Rs. 1.93 Cr) |
| Net Offer to Public | 37,03,200 shares (Rs. 36.29 Cr) |
| Pre-Issue Shares | 78,75,000 |
| Post-Issue Shares | 1,17,75,000 |
| Market Cap (Pre-IPO) | To be declared |
Phytochem Remedies IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open | Thu, Dec 18, 2025 |
| IPO Close | Mon, Dec 22, 2025 |
| Allotment | Tue, Dec 23, 2025 |
| Refunds | Wed, Dec 24, 2025 |
| Shares in Demat | Wed, Dec 24, 2025 |
| Listing Date | Fri, Dec 26, 2025 |
| UPI Cut-off | 5 PM, Dec 22, 2025 |
Phytochem Remedies IPO Reservation Structure
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 1,96,800 | 5.05% |
| NII (HNI) | 18,51,600 | 47.48% |
| Retail | 18,51,600 | 47.48% |
| Total | 39,00,000 | 100% |
Phytochem Remedies IPO Lot Size
| Category | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min–Max) | 2 | 2,400 | 2,35,200 |
| HNI (Min) | 3 | 3,600 | 3,52,800 |
Company Financials (Rs. in Crore)
| Period Ended | 31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|---|
| Assets | 43.73 | 41.85 | 37.07 | 21.47 |
| Total Income | 26.34 | 32.90 | 20.83 | 13.92 |
| PAT | 3.07 | 2.31 | 0.82 | 0.53 |
| EBITDA | 6.42 | 5.88 | 2.91 | 1.01 |
| Net Worth | 11.73 | 8.74 | 6.42 | 5.23 |
| Reserves & Surplus | 8.58 | 5.51 | 3.20 | 2.38 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 26.46% |
| ROCE | 18.09% |
| Debt / Equity | 2.41 |
| RoNW | 26.46% |
| PAT Margin | 7.04% |
| EBITDA Margin | 17.91% |
Promoters & Shareholding
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Promoters: Aditi Bohra, Bohra Agrifilms Private Limited, Niranjan Surana, Shilpa Surana
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Promoter Holding (Pre-IPO): 100.00%
-
Promoter Holding (Post-IPO): 66.88%
About Phytochem Remedies (India) Ltd.
Incorporated in 2002, Phytochem Remedies (India) Ltd. is engaged in the manufacturing of corrugated boxes and corrugated board solutions, catering to industries such as FMCG, food & beverages, pesticides, pharmaceuticals, and automotive. The company operates from Jammu, India.
The company has two manufacturing units at Bari Brahmana, Jammu.
-
Unit 1: Total area 43,360 sq. ft. (utilized ~12,000 sq. ft.)
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Unit 2: Total area 1,73,440 sq. ft. (utilized ~55,000 sq. ft.)
As on December 31, 2024, the company employed 46 people.
Product Portfolio
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Corrugated Boxes (3-ply, 5-ply, 7-ply)
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Printed Corrugated Boxes
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Corrugated Rolls
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Corrugated Pads & Sheets
Competitive Strengths
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Long-standing relationships with a stable customer base
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Consistent financial growth and improving profitability
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Well-established manufacturing facilities with expansion readiness
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Diversified product portfolio serving multiple industries
Objects of the Issue
| S. No. | Purpose | Amount (Rs. in Cr) |
|---|---|---|
| 1 | Capital expenditure for equipment & machinery | 11.34 |
| 2 | Capital expenditure towards civil construction | 6.21 |
| 3 | Repayment / pre-payment of borrowings | 9.15 |
| 4 | General corporate purposes | — |
Company Contact
Phytochem Remedies (India) Ltd.
Bari Brahmana, Jammu, India
Lead Manager
Mefcom Capital Markets Ltd.
Registrar to the Issue
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Chanakya IPO Review (Initial View)
Phytochem Remedies operates in a steady, B2B-oriented packaging segment with diversified end-user industries. The company has demonstrated consistent improvement in revenues, EBITDA, and PAT, supported by healthy margins. However, debt levels remain elevated, which the IPO proceeds aim to partially reduce.
At an issue price of Rs. 98, investors should closely track subscription trends and GMP movement to gauge listing prospects.
Chanakya View: Suitable for informed SME investors with a medium-term perspective; listing gains will largely depend on subscription intensity and market sentiment.
Disclaimer:
This coverage is for informational and educational purposes only. Chanakya Ni Pothi does not recommend investments based on GMP or speculation. Please consult your SEBI-registered investment advisor before investing.
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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.
