Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Neochem Bio IPO
Price Band
₹93.0–98.0
Issue Size
₹44.97 Cr
Lot Size
1,200 shares
Min Investment
₹235,200
2 LOTS MIN
GMP
+₹2.0 (2.04%)
Issue Price
₹98.0
Subject to Sauda
₹1800
Paid only if allotted
Neochem Bio IPO AI Summary
- Neochem Bio IPO is listed on NSE SME in the Specialty Chemicals sector.
- Price band: ₹93.0–₹98.0 per share, lot size 1,200 shares (min. investment ₹235,200, 2 lots minimum).
- Subscription window: 02 Dec–04 Dec 2025, listing on 09 Dec 2025.
- Current GMP is +₹2.0 (2.04%), an estimated listing price of ₹100 — unofficial and can change daily.
Neochem Bio Solutions Ltd. is a specialty chemicals manufacturer with a diverse product range across multiple industries. The company is looking to raise funds through its IPO to support working capital and repay debts. Investors should assess the IPO based on their risk appetite and market conditions.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Neochem Bio IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 04 Dec 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Neochem Bio IPO Grey Market Premium (GMP) Today
GMP
+₹2.0
GMP %
+2.04%
Est. Listing
₹100.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in 2006, Neochem Bio Solutions Ltd. is engaged in the business of manufacturing of specialty performance chemicals. The company products are essential and used in industries such as textile & garment washing, home & personal care (HPC), institutional and industrial cleaners, water treatment, paints and coatings, paper and pulp, construction, rubber and dyes and pigments. The company offer a comprehensive range of textile and garment washing auxiliaries such as pre-treatment, dyeing, finishing, printing and coating applications across all fabric and garment substrates compatible with various processing machines. The company has its manufacturing facility located at Saket Industrial Estate, Village Moraiya, Ta. Sanand, Dist-Ahmedabad, which has an installed capacity of 22,000 metric ton per annum (“MTPA”) with a total area of 6,763 square meters. Competitve Strengths: Strengthening the presence across end-user application industries Commitment to continuous development of innovative performance chemistries and sustainable solutions Continued focus on expansion of geographical presence Leverage existing strategic collaborations and partnerships to diversify end user industries
Company Financials (₹ Cr)
As of 2025-09-30
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 96.49 | 78.89 | 64.06 | 50.60 |
| Total Income | 47.18 | 86.15 | 62.01 | 48.79 |
| Profit After Tax | 5.48 | 7.75 | 1.80 | 1.07 |
| EBITDA | 8.59 | 13.11 | 5.99 | 4.23 |
| NET Worth | 32.24 | 19.75 | 12.00 | 8.05 |
| Reserves and Surplus | 19.70 | 13.08 | 5.33 | 2.63 |
| Total Borrowing | 38.54 | 35.62 | 33.32 | 26.24 |
Key Ratios
EPS
₹6.18
NAV
₹16.91
ROE
48.82%
ROCE
41.67%
RoNW
48.82%
P/B Value
5.80
P/E Ratio
15.85
Market Cap
₹167.78 Cr
PAT Margin
9.00%
Debt/Equity
1.80
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Indian Emulsifiers | 75.54 | 11.78% | 8.83 | 11.4 | 11.4 |
| Rossari Biotech | 226.05 | 5.78% | 26 | 24.66 | 24.66 |
| Neochem Bio Solutions This IPO | 25.72 | 21.1% | — | 4.52 | 4.52 |
Promoters
Swapnil Rameshbhai Makati and Hemangini Swapnil Dathia
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 the long-term working capital requirements of the Company 23.90 2 Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by the Company 10.00 3 General Corporate Purposes 6.44 4 Issue Expenses 4.63 Total 44.97
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹48.79 Cr in the year ending 31 Mar 2023, increasing to ₹62.01 Cr by 31 Mar 2024. This further rose to ₹86.15 Cr in the year ending 31 Mar 2025, though the most recent figure of ₹47.18 Cr as of 30 Sep 2025 is a 9-month figure and not directly comparable to full-year figures.
Profit Trend
Profit after tax was ₹1.07 Cr in the year ending 31 Mar 2023, rising to ₹1.80 Cr by 31 Mar 2024. It further increased to ₹7.75 Cr in the year ending 31 Mar 2025, though the most recent figure of ₹5.48 Cr as of 30 Sep 2025 is a 9-month figure and not directly comparable to full-year figures.
Valuation
Neochem Bio Solutions has an EPS of ₹6.18, which implies a P/E ratio of 15.85 at the issue price. In comparison, peers like Indian Emulsifiers have a P/E of 8.83, while Rossari Biotech has a P/E of 26. This positions Neochem Bio at a valuation between its peers.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium of an IPO's share price over its issue price in the grey market before it officially lists. A positive GMP suggests that investors anticipate a higher listing price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and market conditions. It is important to consider the company's growth potential and the overall market environment.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO. Additionally, those who are not comfortable with the inherent uncertainties of new market entrants should consider their options carefully.
IPO Timeline, Explained
The IPO opens for subscription on 2nd December 2025 and closes on 4th December 2025. Allotment of shares will be done on 5th December 2025, with the listing date set for 9th December 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day, which can be influenced by market demand and investor sentiment. However, there is no guarantee of listing gains, and the stock may perform differently post-listing due to market fluctuations.
This evaluation is generated from Neochem Bio's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Neochem Bio IPO GMP today?
Neochem Bio IPO GMP today is +₹2.0 (2.04%), indicating an estimated listing price of ₹100. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Neochem Bio IPO?
The price band of Neochem Bio IPO is ₹93.0–₹98.0 per share.
When does Neochem Bio IPO open and close?
Neochem Bio IPO opens on 02 December 2025 and closes on 04 December 2025.
When does Neochem Bio IPO list on the stock exchange?
Neochem Bio IPO listed on 09 December 2025 at ₹100.0.
What is the lot size for Neochem Bio IPO?
The lot size for Neochem Bio IPO is 1200 shares, requiring a minimum investment of ₹235,200 (2 lots).
What is the price band for the Neochem Bio IPO?
The price band for the Neochem Bio IPO is ₹93.0 to ₹98.0.
What is the lot size for the Neochem Bio IPO?
The lot size for the Neochem Bio IPO is 1200 shares.
What is the minimum investment required for the Neochem Bio IPO?
The minimum investment required is ₹235,200.
When is the listing date for the Neochem Bio IPO?
The listing date for the Neochem Bio IPO is 9th December 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of an IPO's share price over its issue price in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
02 Dec 2025
Close
04 Dec 2025
Allotment
05 Dec 2025
Listing
09 Dec 2025
Similar IPOs in Specialty Chemicals
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Neochem Bio?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.