Phytochem Remedies IPO will open for subscription on December 18, 2025 and close on December 22, 2025. This is a Fixed Price SME IPO and the company plans to raise around ₹38.22 crore entirely through a fresh issue. The IPO is priced at ₹98 per equity share and is scheduled to list on the BSE SME platform on December 26, 2025.
The basis of allotment is expected to be finalised on December 23, 2025, followed by refunds and demat credit on December 24, 2025. Due to the higher lot size, the IPO is mainly suitable for investors with a long-term outlook.
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Phytochem Remedies IPO Highlights
| Particulars | Details |
|---|---|
| IPO Open Date | December 18, 2025 |
| IPO Close Date | December 22, 2025 |
| Face Value | ₹10 per Equity Share |
| IPO Price | ₹98 per Share |
| Issue Size | Approx ₹38.22 Crore |
| Fresh Issue | Approx ₹38.22 Crore |
| Issue Type | Fixed Price Issue |
| Listing Platform | BSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
| Anchor Investors List | View PDF |
Phytochem Remedies IPO
Open: 18-22 Dec
Issue Size: ₹38.22 Cr.
Objective: Buy machinery, build facilities, repay loans and support general use.
Exchange: BSE SME
Phytochem Remedies IPO GMP Today
The GMP for Phytochem Remedies IPO has not started yet, as there is currently no active grey market participation. In the absence of GMP data, it is not possible to assess short-term listing expectations or investor sentiment at this stage. This is common for SME IPOs during the early pre-issue period.
Phytochem Remedies IPO GMP usually begins to reflect market interest closer to the opening of the issue. Investors are advised to wait for regular updates and observe initial GMP trends once trading starts, as sustained movement will offer better clarity on the expected listing price and overall demand.
Phytochem Remedies SME IPO GMP Trend:
| Date | GMP (₹) | Estimated Listing Price (₹) | Expected Gain* |
|---|---|---|---|
| 23-Dec-2025 (Allotment) | 0 | 98 | 0 |
| 22-Dec-2025 (Close) | 0 | 98 | 0 |
| 21-Dec-2025 | 0 | 98 | 0 |
| 20-Dec-2025 | 0 | 98 | 0 |
| 19-Dec-2025 | 0 | 98 | 0 |
| 18-Dec-2025 (Open) | 0 | 98 | 0 |
| 17-Dec-2025 | 0 | 98 | 0 |
| 16-Dec-2025 | 0 | 98 | 0 |
| 15-Dec-2025 | 0 | 98 | 0 |
Disclaimer: GMP is based on grey market news. We do not trade or recommend trading in the grey market or Subject to Sauda (sub2) rates.
Phytochem Remedies IPO Review
Phytochem Remedies IPO is offered at a reasonable valuation compared to listed peers. The company has shown consistent improvement in revenue and profitability over the last three years. However, the SME nature of the issue, high lot size, and absence of QIB participation limit broad-based interest. Overall, the IPO is more suitable for long-term investors who understand SME risks.
Phytochem Remedies IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | December 18, 2025 |
| IPO Close Date | December 22, 2025 |
| Basis of Allotment | December 23, 2025 |
| Refund Initiation | December 24, 2025 |
| Credit to Demat Account | December 24, 2025 |
| IPO Listing Date | December 26, 2025 |
| Bidding Cut-off Time | December 22, 2025 – 5:00 PM |
- Also Read: Dachepalli Publishers IPO (22-24 Dec)
Price Band, Lot Size & Investment Amount
| Particulars | Details |
|---|---|
| IPO Price | ₹98 per share |
| Minimum Lot Size | 2,400 shares |
| Minimum Investment | ₹2,35,200 |
| Application Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,35,200 |
| Retail Maximum | 2 | 2,400 | ₹2,35,200 |
| S-HNI Minimum | 3 | 3,600 | ₹3,52,800 |
IPO Reservation Structure
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Retail Investors | 18,51,600 | 47.48% |
| NII (HNI) | 18,51,600 | 47.48% |
| QIB | Nil | 0% |
| Anchor Investors | Nil | 0% |
Promoters and Shareholding Pattern
The promoters of the company are Aditi Bohra, Bohra Agrifilms Private Limited, Niranjan Surana, and Shilpa Surana.
| Particulars | Shares | Shareholding |
|---|---|---|
| Pre-Issue Holding | 78,75,000 | 100.00% |
| Post-Issue Holding | 1,17,75,000 | 66.88% |
Objects of the Issue
The IPO proceeds will be primarily used to fund capital expenditure for purchasing new equipment and machinery, along with civil construction work at the manufacturing units. A portion of the funds will be utilised for repayment or prepayment of existing borrowings to strengthen the balance sheet. The remaining amount will be used for general corporate purposes to support business operations and future growth.
| Object | Amount (₹ Crore) |
|---|---|
| Machinery & Equipment | 13.60 |
| Civil Construction | 5.88 |
| Repayment of Borrowings | 9.37 |
| General Corporate Purpose | 5.64 |
About Phytochem Remedies Limited
Incorporated in 2002, Phytochem Remedies Limited is engaged in the manufacturing of corrugated boxes and corrugated boards used for packaging, storage, and transportation. The company caters to sectors such as food and beverages, FMCG, pesticides, pharmaceuticals, and automotive industries.
As of September 2025, the company has 51 employees. It operates two manufacturing units at Bari Brahmana, Jammu, with a combined area exceeding 2.16 lakh square feet. Its product range includes 3-ply, 5-ply, and 7-ply corrugated boxes, printed boxes, corrugated rolls, pads, and sheets.
Financial Performance of Phytochem Remedies
Amount in ₹ Crore
| Financial Year | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 20.83 | 19.68 | 0.82 | 37.07 |
| 2024 | 32.90 | 29.76 | 2.31 | 41.85 |
| 2025 | 36.81 | 30.75 | 4.48 | 44.50 |
| Sept 2025 | 25.01 | 19.81 | 3.75 | 53.68 |
IPO Valuation – FY2025
| KPI | Value |
|---|---|
| ROE | 34.07% |
| ROCE | 25.29% |
| EBITDA Margin | 23.78% |
| PAT Margin | 12.25% |
| Debt to Equity | 1.42 |
| EPS | ₹14.21 |
| P/E Ratio | 6.90 |
| RoNW | 34.07% |
| NAV | ₹41.71 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Perfectpac Ltd | 4.73 | 20.49 | 8.40% | 56.36 | ₹113.46 Cr |
| Worth Peripherals Ltd | 10.03 | 14.43 | 9.10% | 110.28 | ₹194.71 Cr |
| G K P Printing & Packaging Ltd | 0.39 | 18.36 | 3.80% | 10.18 | ₹30.12 Cr |
Company Address
| Details | Information |
|---|---|
| Company Name | Phytochem Remedies India Limited |
| Address | 220, Ashok Nagar Main Road, Udaipur City |
| City | Udaipur |
| District | Girwa |
| State | Rajasthan |
| PIN Code | 313001 |
| Phone | +91 294 4577549 |
| cs@phytochem.co.in | |
| Website | www.phytochem.co.in |
IPO Registrar
| Registrar | Details |
|---|---|
| Name | Bigshare Services Pvt. Ltd. |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | ipo.bigshareonline.com |
Phytochem Remedies IPO FAQs
What is Phytochem Remedies IPO?
It is an SME IPO aiming to raise ₹38.22 crore through a fresh issue at a fixed price of ₹98 per share.
When will the IPO open?
The IPO will open on December 18, 2025 and close on December 22, 2025.
What is the lot size?
The minimum lot size is 2,400 shares.
What is the minimum investment?
Retail investors need to invest at least ₹2,35,200.
What is the allotment date?
The basis of allotment will be finalised on December 23, 2025.
When will the IPO list?
The IPO is scheduled to list on December 26, 2025 on BSE SME.
What is the investor quota?
Retail and NII investors have 50% allocation each, while QIB allocation is nil.
How can I apply?
Investors can apply via ASBA using net banking, UPI through brokers, or offline IPO forms.
Expert Comment
Phytochem Remedies IPO appears reasonably valued with strong return ratios and consistent profit growth. The company operates in a stable packaging segment with diversified clients. However, being an SME IPO with a high investment requirement and moderate leverage, it is best suited for informed investors with a long-term investment horizon rather than those seeking quick listing gains.
