31 Mar 2023
Assets37.08
Total Income69.75
EBITDA5.83
Profit After Tax2.89
NET Worth11.87
Reserves and Surplus10.87
Total Borrowing11.79
At a glance
Updated 2026-09-11The shares listed at ₹110.00, a 30.95% move from the issue price. Patel Chem Specialities is a SME IPO with an issue size of ₹58.80 crore, proposed for listing on BSE SME. The offer opens on 25th Jul 2025 and closes on 29th Jul 2025. The issue structure includes a fresh issue of ₹55.83 crore. The current listing schedule points to 1st Aug 2025.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹58.80 Cr
Fresh issue₹55.83 Cr
Face value₹10
Price band₹82.00–₹84.00
Allotment30th Jul 2025
Listing1st Aug 2025
Listing performance
Full performance ↗Issue price₹84.00
Listing price₹110.00
Current price—
Listing gain30.95%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹27.00
GMP / upper price32.14%
Est. listing₹111.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens25th Jul 2025
Closes29th Jul 2025
Allotment30th Jul 2025
Refund31st Jul 2025
Demat31st Jul 2025
Listing1st Aug 2025
Subscription demand
Full bidding ↗Total167.32×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 3200 | ₹268,800 |
Company
Incorporated2008
Use of proceeds
| Object | Amount |
|---|---|
| Funding capital expenditure requirement of the company | ₹43.15 Cr |
| General Corporate Purposes | ₹8.40 Cr |
| Issue Expenses | ₹7.25 Cr |
| Total | ₹58.80 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue105.55₹ Cr · +27.6% vs prior year
EBITDA15.80₹ Cr · +31.4% vs prior year
PAT10.57₹ Cr · +38.0% vs prior year
Assets65.31₹ Cr · +39.0% vs prior year
Net Worth35.40₹ Cr · +81.4% vs prior year
Borrowing14.85₹ Cr · -3.9% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets46.97
Total Income82.72
EBITDA12.02
Profit After Tax7.66
NET Worth19.52
Reserves and Surplus18.52
Total Borrowing15.46
31 Mar 2025
Assets65.31
Total Income105.55
EBITDA15.80
Profit After Tax10.57
NET Worth35.40
Reserves and Surplus17.53
Total Borrowing14.85
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 29.85% |
| ROCE | 36.26% |
| Debt / Equity | 0.42% |
| RoNW | 24.32% |
| PAT Margin | 10.01% |
| EBITDA Margin | 14.97% |
| Price to Book Value | 4.11 |
Valuation & shareholding
Pre-IPO EPS5.91
Post-IPO EPS4.25
Pre-IPO P/E14.21
Post-IPO P/E19.77
Promoter holding pre95.13%
Promoter holding post69.78%
Market cap₹208.91 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Patel Chem Specialities IPO | — | 19.77 x | — | — |
| Indian Emulsifier IPO | — | 17.93 x | — | — |
| Paragon Fine IPO | — | 13.51 x | — | — |
| Saroja Pharma IPO | — | 23.27 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding capital expenditure requirement of the company | ₹43.15 Cr |
| General Corporate Purposes | ₹8.40 Cr |
| Issue Expenses | ₹7.25 Cr |
| Total | ₹58.80 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Unistone Capital Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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