Phychem Technologies IPO
Plastic products • ₹14.58 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹54
Lot Size
2000 shares
Issue Size
₹14.58 Cr
Open
31 Aug 2026
Close
02 Sept 2026
Subscription
18.9×
IPO Schedule
| Issue Open Date | 31 Aug 2026 |
| Issue Close Date | 02 Sept 2026 |
| Allotment Date | 03 Sept 2026 |
| Listing Date | 06 Sept 2026 |
About Phychem Technologies
Phychem Technologies Limited manufactures rotational moulding (roto moulding) compounds used as raw materials for producing hollow plastic products. Its product portfolio primarily includes customised polyethylene-based compounds formulated using linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE) and specialty additives, supplied in powder or granulated form. These compounds are used in products such as water, fuel, and chemical storage tanks, portable sanitation units, furniture and industrial containers. The company also manufactures custom-moulded tanks and provides jobwork services, including rotolining and toll pulverising. In addition, it undertakes trading and distribution of chemicals, compounds, tools, and equipment used in the rotational moulding industry. The company operates its manufacturing facility at Khatwad, Dindori, Nashik, Maharashtra, which includes a laboratory and quality control department. Its manufacturing process includes blending, pelletising and pulverisation. The company exports its products to various countries and is an ISO 9001:2015 certified company.
Company Details
Founders / Promoters
Mr Umakant Nivrutti Savadekar
Founded
2013
Registrar
MUFG Intime India Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Phychem Technologies — IPOFins Verdict
QuantitativeDriven by QIB demand at 4.3x and elevated disclosed risk (8/10), Phychem Technologies listed at a premium of 3.7% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- The company offers several types of roto moulding compounds, including colour powders, stone effect compounds, PE foam compounds, Super Tuff HDPE compounds, flexible compounds, ESF granules, antistati
- The company’s products are used across building and construction, automobile, marine, furniture, toys, agriculture, chemical, sewage treatment and waste processing industries. This provides exposure t
- During FY26, the company sold its products to around 24 global customers and 265 domestic customers. Export revenue accounted for 23.32% of revenue from operations in FY26, with products sold across c
- The company claims to operate three rotational moulding machines at its Nashik manufacturing facility, supported by equipment including extruders, pulverisers, colour mixers, melt flow index testers,
- The company is ISO 9001:2015 certified for its quality management system. It also holds a ZED Bronze certificate and claims to operate a zero liquid discharge facility, with a 177 kWp rooftop solar in
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score +1.0
Strong retail interest → score +0.5
Actual listing outcome → score +0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹54
Listing Price
₹56
Listing Gain/Loss
+3.70%
Listing Date
06 Sept 2026
Price Since Listing
Returns are measured against the ₹54 issue price.
Listing
₹56
+3.7%
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FAQ
What is the price band of Phychem Technologies IPO?
The price band is ₹54 per share with a lot size of 2000 shares. Minimum investment: ₹1,08,000.
What does Phychem Technologies do?
Phychem Technologies Limited manufactures rotational moulding (roto moulding) compounds used as raw materials for producing hollow plastic products. Its product portfolio primarily includes customised polyethylene-based compounds formulated using linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE) and specialty additives, supplied in powder or granulated form. These compounds are used in products such as water, fuel, and chemical storage tanks, portable sanitation units, furniture and industrial containers. The company also manufactures custom-moulded tanks and provides jobwork services, including rotolining and toll pulverising. In addition, it undertakes trading and distribution of chemicals, compounds, tools, and equipment used in the rotational moulding industry. The company operates its manufacturing facility at Khatwad, Dindori, Nashik, Maharashtra, which includes a laboratory and quality control department. Its manufacturing process includes blending, pelletising and pulverisation. The company exports its products to various countries and is an ISO 9001:2015 certified company.
Should I apply for Phychem Technologies IPO?
Phychem Technologies listed at ₹56 (+3.7% premium to the ₹54 issue price) after 18.9x subscription. IPOFins Score 5/10: Driven by QIB demand at 4.3x and elevated disclosed risk (8/10), Phychem Technologies listed at a premium of 3.7% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Phychem Technologies?
Phychem Technologies was founded by Mr Umakant Nivrutti Savadekar in 2013.