Phychem Technologies IPO Makes Positive Debut, Lists 3.70% Higher

Phychem Technologies shares made a positive stock market debut on September 7, 2026, listing at a premium of 3.70% to the IPO issue price on the BSE SME platform. The stock opened at ₹56 per share against its issue price of ₹54 per share.

The listing followed the company’s ₹14.58 crore IPO, which was open for subscription from August 31 to September 2, 2026. The issue consisted entirely of a fresh issue of 27 lakh equity shares, with the final issue price fixed at ₹54 per share.

The share allotment was finalised on September 3, 2026. Retail investors could participate with a minimum lot size of 2,000 shares, requiring an investment of ₹1,08,000.

Phychem Technologies manufactures rotational moulding powder compounds used as raw materials for producing hollow plastic products. The company has its production facilities in Nashik, Maharashtra.

Phychem Technologies IPO Listing Details

Phychem Technologies launched its ₹14.58 crore IPO as a book-built issue. The bidding period opened on August 31 and closed on September 2, 2026, while the allotment was finalised on September 3.

The public issue consisted entirely of a fresh issue of 27 lakh equity shares, with the final issue price fixed at ₹54 per share.

Phychem Technologies subsequently made its stock market debut at ₹56 per share on the BSE SME platform, representing a premium of 3.70% over the IPO issue price.

• Issue Price: ₹54 per share
• BSE SME Listing Price: ₹56 per share
• Listing Premium: 3.70%
• IPO Size: ₹14.58 crore
• Fresh Issue: 27 lakh equity shares
• Minimum Lot Size: 2,000 shares
• Minimum Retail Investment: ₹1,08,000
• IPO Open Date: August 31, 2026
• IPO Close Date: September 2, 2026
• Allotment Date: September 3, 2026
• Listing Date: September 7, 2026

First-Day Trading Performance

Listing Price: Phychem Technologies share price debuted at ₹56 per share on the BSE SME platform against the IPO issue price of ₹54, translating into a listing premium of 3.70%.

As of 10:31 AM on September 7, 2026, the stock was trading at ₹56.75 per share on the BSE, up 5.09% from its IPO issue price of ₹54.

The stock therefore moved higher from its listing price of ₹56 during early trading, after beginning its market journey at a modest premium to the issue price.

Phychem Technologies’ IPO was a ₹14.58 crore book-built issue consisting entirely of 27 lakh fresh equity shares.

Growth Drivers and Challenges

Growth Drivers

Diversified Product Portfolio: Offers multiple specialised powder compounds.

Customised Solutions: Develops compounds for specific customer requirements.

In-House Testing: Operates modern laboratory testing infrastructure.

Financial Growth: FY26 revenue increased 14.27% year-on-year.

Profit Growth: FY26 PAT increased 44.01% year-on-year.

Challenges

Specialised Market: Business focuses on rotational moulding materials.

Manufacturing Dependence: Operations centred at its Nashik facility.

Working Capital Needs: Proceeds allocated towards working capital requirements.

Expansion Requirements: Funds earmarked for additional plant machinery.

Raw Material Business: Products support plastic manufacturing applications.

Utilisation of IPO Proceeds

Phychem Technologies’ ₹14.58 crore IPO consisted entirely of a fresh issue of 27 lakh equity shares.

The company plans to utilise the proceeds from the fresh issue towards machinery expansion at its Nashik manufacturing facility, working capital requirements and general corporate purposes.

The public issue comprised:

• Fresh issue of 27 lakh equity shares
• Total IPO size of ₹14.58 crore
• Final issue price of ₹54 per share
• Machinery expansion at Nashik facility
• Funding working capital requirements
• General corporate purposes

Hem Securities Ltd. acted as the book-running lead manager for the IPO, while MUFG Intime India Pvt. Ltd. served as the registrar to the issue.

Business and IPO Overview

Incorporated in 2013, Phychem Technologies Limited manufactures rotational moulding, or roto moulding, powder compounds. These compounds are used as primary raw materials for manufacturing hollow plastic products.

The company has its production facilities in Nashik, Maharashtra. Its product portfolio includes customised linear low-density polyethylene (LLDPE) compounds, high-density polyethylene (HDPE) blends, antimicrobial powders, foam compounds, stone effect powders and specialised rotolining formulas.

Phychem Technologies also provides processing support covering custom material selection through to final plastic component fabrication. Its operations are supported by in-house laboratory testing infrastructure.

The company reported total income of ₹57.48 crore in FY26 compared with ₹50.30 crore in FY25, representing year-on-year growth of 14.27%. Profit after tax increased 44.01% to ₹4.09 crore in FY26 from ₹2.84 crore in FY25.

EBITDA increased to ₹6.08 crore in FY26 from ₹4.37 crore in FY25, while the EBITDA margin stood at 10.78%.

Phychem Technologies entered the public markets through a ₹14.58 crore IPO consisting entirely of a fresh issue of 27 lakh equity shares. The bidding window remained open from August 31 to September 2, 2026, and the final issue price was fixed at ₹54 per share.

The company made a positive stock market debut on September 7, 2026, with shares listing at ₹56 per share on the BSE SME platform, representing a premium of 3.70% over the issue price. As of 10:31 AM, the stock was trading at ₹56.75, up 5.09% from the IPO issue price.