Phychem Technologies IPO
Phychem Technologies IPO closed on 2 Sept 2026. Allotment 3 Sept 2026, listing 7 Sept 2026. Price band ₹51–₹54, lot 2000 shares, GMP +₹1 (1.85%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · BSE |
| Price band | ₹51–₹54 |
| Lot size | 2000 shares |
| Minimum investment | ₹2,16,000 |
| Issue size | ₹14.58 Cr |
| GMP | +₹1 (1.85%) |
| Open date | 31 Aug 2026 |
| Close date | 2 Sept 2026 |
| Allotment date | 3 Sept 2026 |
| Listing date | 7 Sept 2026 |
About Phychem Technologies
Phychem Technologies manufactures rotational molding compounds, which are utilized as essential raw materials for producing hollow plastic products through the rotational molding process. The company supplies these compounds in powder or granulated forms to manufacturers who create application-specific plastic products for various end-use industries, including water storage tanks, portable sanitation units, furniture, industrial containers, automotive components, and toys. Additionally, Phychem Technologies generates revenue by acting as an authorized distributor for products and chemicals used in the rotational molding industry. Its distributed offerings include paints, coatings, polypropylene compounds, specialty release agents, and process control equipment sourced globally. The company operates from its manufacturing facility located in Dindori, Nashik, which facilitates its…
Strengths
- Offers a wide range of products, finding diverse applications in the roto moulding industry.
- Maintains long-standing relationships with diversified customers across various geographies.
- Operates a dedicated in-house manufacturing facility with well-equipped machines and processes.
- Demonstrates a strong focus on Quality, Environment, Health, and Safety standards.
- Led by experienced promoters and management with extensive domain knowledge.
Risks
- Operations depend entirely on a single manufacturing facility in Nashik.
- Revenue is highly concentrated among a few major customers without long-term contracts.
- The company relies on a few key raw material suppliers without long-term agreements.
- Export activities expose the business to global trade risks and currency fluctuations.
- Strict environmental and safety law violations could result in operational shutdowns.