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Patel Chem Specialities IPO
Price Band
₹82.0–84.0
Issue Size
₹58.8 Cr
Lot Size
1,600 shares
Min Investment
₹268,800
2 LOTS MIN
GMP
+₹27.0 (32.14%)
Issue Price
₹84.0
Subject to Sauda
₹32800
Paid only if allotted
Patel Chem Specialities IPO AI Summary
- Patel Chem Specialities IPO is listed on BSE SME in the Specialty Chemicals sector.
- Price band: ₹82.0–₹84.0 per share, lot size 1,600 shares (min. investment ₹268,800, 2 lots minimum).
- Subscription window: 25 Jul–29 Jul 2025, listing on 01 Aug 2025.
- Current GMP is +₹27.0 (32.14%), an estimated listing price of ₹111 — unofficial and can change daily.
Patel Chem Specialities Limited is a growing player in the specialty chemicals sector, focusing on pharmaceutical excipients and chemicals. With a strong revenue and profit growth trend, and a reasonable valuation compared to peers, the company is well-positioned for future expansion.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Patel Chem Specialities IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 29 Jul 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
Patel Chem Specialities IPO Grey Market Premium (GMP) Today
GMP
+₹27.0
GMP %
+32.14%
Est. Listing
₹111.0
Updated: 25 Jul 2026 14:13
About the Company
Incorporated in 2008, Patel Chem Specialities Limited (PCSL) is engaged in the manufacturing and exporting pharmaceutical excipients and specialty chemicals. The company manufactures various essential chemicals used in pharmaceuticals, food, cosmetics, and industrial applications, serving as binders, disintegrants, thickeners, stabilizers, and gelling agents across industries. The company’s manufacturing facilities in Vatva, Ahmedabad, and Talod, Himmatnagar, follow strict quality control standards, ensuring bulk production of chemicals that meet international certifications like US-DMF and GMP. The company’s manufacturing facility covers 7,000 square yards, with a capacity of over 7,200 MT annually for pharmaceutical excipients, featuring departments for storage, production, R&D, quality control, packaging, and warehousing. The company has expanded globally, serving East Asia, Europe, the Middle East, North America, and Southeast Asia, delivering high-quality products that meet international standards to lead the chemical industry. Product Portfolio: Rheollose® (Sodium Carboxymethyl Cellulose): A cellulose gum used as a thickening and stabilizing agent in various applications. Disolwell® (Croscarmellose Sodium): A super disintegrant used in oral pharmaceutical formulations to enhance tablet disintegration. Swellcal® (Calcium Carboxymethyl Cellulose): Used as a super disintegrant in pharmaceutical applications. AmyloTab™ (Pregelatinized Starch): Used in tablet formulations to aid in the disintegration and dissolution processes. As of March 31, 2025, the company has a total strength of 136 employees.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 65.31 | 46.97 | 37.08 |
| Total Income | 105.55 | 82.72 | 69.75 |
| Profit After Tax | 10.57 | 7.66 | 2.89 |
| EBITDA | 15.80 | 12.02 | 5.83 |
| NET Worth | 35.40 | 19.52 | 11.87 |
| Reserves and Surplus | 17.53 | 18.52 | 10.87 |
| Total Borrowing | 14.85 | 15.46 | 11.79 |
Key Ratios
EPS
₹5.91
NAV
₹20.44
ROE
29.85%
ROCE
36.26%
RoNW
24.32%
P/B Value
4.11
P/E Ratio
14.21
Market Cap
₹208.91 Cr
PAT Margin
10.01%
Debt/Equity
0.42
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sigachi Industries Limited | 15.72 | 11.73% | 20.51 | 2.06 | 2.06 |
| Accent Microcell Limited | 92.57 | 16.97% | 16.26 | 15.71 | 15.71 |
| Patel Chem Specialities Limited This IPO | 20.44 | 29.85% | — | 6.1 | 6.1 |
Promoters
Bhupesh Patel, Anshu Patel and Vini Patel
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 requirement of the company 43.15 2 General Corporate Purposes 8.40 3 Issue Expenses 7.25 Total 58.80
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income rose from ₹69.75 Cr in the year ending 31 Mar 2023 to ₹82.72 Cr by 31 Mar 2024, and further increased to ₹105.55 Cr by 31 Mar 2025. This indicates a consistent upward trend in revenue over the periods.
Profit Trend
Profit After Tax improved from ₹2.89 Cr in the year ending 31 Mar 2023 to ₹7.66 Cr by 31 Mar 2024, and reached ₹10.57 Cr by 31 Mar 2025. This demonstrates a positive growth trajectory in profitability across the reported periods.
Valuation
Patel Chem Specialities Limited has an EPS of ₹6.1, which implies a P/E ratio of 14.21 at the issue price. This is priced at roughly 14.21 trailing earnings, versus peers trading at P/E ratios of 16.26 to 20.51.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It indicates the expected listing price of the IPO based on demand and supply in the grey market. A positive GMP suggests strong demand for the shares, while a negative GMP indicates weaker demand.
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 risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties associated with new listings.
Listing Gains — The Risk
Listing gains can be unpredictable and depend on market conditions at the time of listing. While some IPOs experience significant gains on their first day of trading, others may not perform as well. Investors should be aware of the inherent risks and should not rely solely on potential listing gains when making investment decisions.
This evaluation is generated from Patel Chem Specialities'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 Patel Chem Specialities IPO GMP today?
Patel Chem Specialities IPO GMP today is +₹27.0 (32.14%), indicating an estimated listing price of ₹111. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Patel Chem Specialities IPO?
The price band of Patel Chem Specialities IPO is ₹82.0–₹84.0 per share.
When does Patel Chem Specialities IPO open and close?
Patel Chem Specialities IPO opens on 25 July 2025 and closes on 29 July 2025.
When does Patel Chem Specialities IPO list on the stock exchange?
Patel Chem Specialities IPO listed on 01 August 2025 at ₹111.0.
What is the lot size for Patel Chem Specialities IPO?
The lot size for Patel Chem Specialities IPO is 1600 shares, requiring a minimum investment of ₹268,800 (2 lots).
What is the lot size for this IPO?
The lot size for Patel Chem Specialities Limited's IPO is 1600 shares.
What is the minimum investment amount?
The minimum investment required is ₹268,800.
What is the price band for this IPO?
The price band for the IPO is between ₹82.0 and ₹84.0.
When does the IPO open and close?
The IPO opens on July 25, 2025, and closes on July 29, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Jul 2025
Close
29 Jul 2025
Allotment
30 Jul 2025
Listing
01 Aug 2025
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