About
Phytochem Remedies IPO is a fixed price issue of ₹38.22 crores. The issue is entirely a fresh issue of 0.39 crore shares of ₹38.22 crore.
Phytochem Remedies IPO bidding started from Dec 18, 2025 and ended on Dec 22, 2025. The allotment for Phytochem Remedies IPO was finalized on Dec 23, 2025. Phytochem Remedies IPO will list on BSE SME with a tentative listing date fixed as Dec 26, 2025.
Phytochem Remedies IPO price is ₹98 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,35,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,52,800.
Mefcom Capital Markets Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to Phytochem Remedies IPO DRHP for detailed Information.
IPO Open
Thu, Dec 18, 2025
IPO Close
Mon, Dec 22, 2025
Issue Price
₹98 per share
Market Cap (Pre-IPO)
₹115.39 Cr
IPO Details
| IPO Date | 18 to 22 Dec, 2025 |
| Listing Date | Fri, Dec 26, 2025T |
| Face Value | ₹10 per share |
| Issue Price | ₹98 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 39,00,000 shares (agg. up to ₹38 Cr) |
| Reserved for Market Maker | 1,96,800 shares (agg. up to ₹2 Cr) Aftertrade Broking Pvt.Ltd. |
| Net Offered to Public | 37,03,200 shares (agg. up to ₹36 Cr) |
| Share Holding Pre Issue | 78,75,000 shares |
| Share Holding Post Issue | 1,17,75,000 shares |
IPO Timetable (Tentative)
- IPO OpenThu, Dec 18, 2025
- IPO CloseMon, Dec 22, 2025
- AllotmentTue, Dec 23, 2025
- RefundWed, Dec 24, 2025
- Credit of SharesWed, Dec 24, 2025
- ListingFri, Dec 26, 2025
IPO Reservation
Phytochem Remedies IPO offers total 39,00,000 shares. Out of which 18,51,600 (47.48%) allocated to
NII
18,51,600 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,96,800 (5.05%) |
| NII (HNI) Shares Offered | 18,51,600 (47.48%) |
| Retail Shares Offered | 18,51,600 (47.48%) |
| Total Shares Offered | 39,00,000 (100.00%) |
IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,35,200 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,35,200 |
| HNI (Min) | 3 | 3,600 | ₹3,52,800 |
About Phytochem Remedies (India) Ltd.
Incorporated in 2002, Phytochem Remedies (India) Limited is a manufacturer of corrugated boxes and corrugated board solutions, catering primarily to industries such as food & beverages, FMCG, pesticides, pharmaceuticals, and automotive, based in Jammu, India.
The company operate in two units at Bari Brahmana, Jammu, with Unit 1 having a total allocated area of 43,360 Sq. Ft. and Unit 2 having an allocated area of 1,73,440 Sq. Ft. Currently, Unit 1 is utilizing approximately 12,000 Sq. Ft. and Unit 2 is utilizing approximately 55,000 Sq. Ft. of total area of respective units.
Products:
- Corrugated Boxes (3- Ply, 5-Ply, & 7-Ply)
- Printed Corrugated Boxes
- Corrugated Rolls
- Corrugated Pads and Sheets
As on date September 30, 2025, the company had 51 employees.
Competitive Strengths:
- Long-standing relationships with a stable customer base
- Track record of consistent financial performance and growth
- Well established manufacturing facility with a focus on sustainability and readiness for expansion and technology advancement
- Well-diversified product portfolio with wide industry applications
Company Financials (Restated)
Phytochem Remedies (India) Ltd.’s revenue increased by 12% and profit after tax (PAT) rose by 94% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 53.68 | 44.50 | 41.85 | 37.07 |
| Total Income | 25.01 | 36.81 | 32.90 | 20.83 |
| Profit After Tax | 3.75 | 4.48 | 2.31 | 0.82 |
| EBITDA | 6.72 | 8.69 | 5.88 | 2.91 |
| NET Worth | 16.89 | 13.14 | 8.74 | 6.42 |
| Reserves and Surplus | 9.02 | 9.99 | 5.51 | 3.20 |
| Total Borrowing | 19.32 | 18.69 | 21.02 | 20.30 |
| Amount in ₹ Crore | ||||
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 13.60 |
| 2 | Funding capital expenditure requirements towards civil construction | 5.88 |
| 3 | Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company | 9.37 |
| 4 | General Corporate Purposes | 5.64 |
Key Performance Indicator (KPI)
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 34.07% |
| ROCE | 25.29% |
| Debt/Equity | 1.42 |
| RoNW | 34.07% |
| PAT Margin | 12.25% |
| EBITDA Margin | 23.78% |
| Price to Book Value | 2.35 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.68 | 6.38 |
| P/E (x) | 17.24 | 15.37 |
| Promoter Holding | 100.00% | 66.88% |
| Market Cap | ₹115.39 Cr. |
- The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.
IPO Review
Phytochem Remedies IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
Phytochem Remedies IPO Subscription Status
The Phytochem Remedies IPO is subscribed 0.57 times on December 22, 2025 6:19:33 PM (Day 3). The public issue subscribed 0.83 times in the individual investors category, [.] times in the QIB category, and 0.31 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category |
Subscription (x) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.31 | 18,51,600 | 5,67,600 | 0 |
| Individual Investor | 0.83 | 18,51,600 | 15,45,600 | 0 |
| Total | 0.57 | 37,03,200 | 21,13,200 | 802 |
Total Application : 802
*Market Maker portion is not included to NII/HNI.
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Lead Manager | 1.72 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees payable to Legal Advisor | 0.15 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.17 |
| 5 | Fees payable to Regulators including Stock Exchanges and other Intermediaries | 0.11 |
| 6 | Fees payable to Peer Review Auditor | 0.05 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees to underwriters and miscellaneous expenses.) | 1.37 |
| 9 | Escrow/Sponser/Refund Bank Fees | 0.01 |
| 10 | Fees payable to the industry service provider | 0.04 |
| 11 | Fee payable to the independent chartered Engineer | 0.00 |
IPO Notices
BSE Notice No:-20251222-50
Notice Date: Dec 22, 2025 (Monday)
Subject:Withdrawal of Public issue of Phytochem Remedies India Limited
This is with reference to the SME IPO of Phytochem Remedies India Limited scheduled to close from today i.e: December 22, 2025 (Monday).
Basis the communication received from the merchant banker vide Company’s letter dated December 22, 2025, it is hereby notified that the issue has been withdrawn. Company’s withdrawal letter has been attached for ready reference.
Market participants and applicants in the captioned SME IPO may please note the same.
Hardik Bhuta
Assistant Vice President
December 22, 2025.
IPO Registrar
Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- Visit Website
IPO Lead Manager(s)
- Mefcom Capital Markets Ltd. (Past IPO Performance)
Lead Manager Reports
- Lead Manager Performance Summary
- Lead Manager Performance Tracker
Contact Details
- +91 294 4577549
- cs@phytochem.co.in
- Visit Website
IPO FAQs
Phytochem Remedies IPO is a SME IPO of 39,00,000 equity shares of the face value of ₹10 aggregating up to ₹38 Crores. The issue is priced at ₹98 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Dec 18, 2025, and closes on Mon, Dec 22, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Phytochem Remedies IPO using UPI as a payment gateway. Zerodha customers can apply in Phytochem Remedies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Phytochem Remedies IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Phytochem Remedies IPO‘ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
The Phytochem Remedies IPO opens on Thu, Dec 18, 2025 and closes on Mon, Dec 22, 2025.
Phytochem Remedies IPO lot size is 1200, and the minimum amount required for application is ₹2,35,200, with 2 lots being the minimum application size.
You can apply in Phytochem Remedies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Phytochem Remedies IPO will be done on Tuesday, December 23, 2025, and the allotted shares will be credited to your demat account by Wed, Dec 24, 2025. Check the Phytochem Remedies IPO allotment status.
The Phytochem Remedies IPO listing date is not yet announced. The tentative date of listing is Fri, Dec 26, 2025.
About The Author
