Patel Chem Specialities came to market through an SME IPO that opened on 25 July 2025 and closed on 29 July 2025, and the shares listed on 1 August 2025 on BSE SME. The price band was ₹82 to ₹84 per share and one lot was 1600 shares, so the minimum application was ₹1,34,400. The issue size was ₹58.8 crore. The whole issue was fresh shares, so the money raised went to the company.
MUFG Intime India Private Limited (Link Intime) was the registrar to the issue, and Cumulative Capital Private Limited, Unistone Capital Pvt Ltd were the lead managers.
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Part of 2008, Patel Chem Specialities Limited (PCSL) deals in the production and export of pharmaceutical excipients and specialty chemicals.The firm produces different key chemicals employed in pharmaceuticals, food, cosmetics, and industry, acting as binders, disintegrants, thickeners, stabilizers, and gelling agents in various industries.
Its production units in Vatva, Ahmedabad, and Talod, Himmatnagar, adhere to stringent standards of quality control in bulk production of chemicals that are certified internationally, such as US-DMF and GMP.The production unit of the company is spread over 7,000 square yards with a production capacity of more than 7,200 MT per year of pharmaceutical excipients with storage, production, R&D, quality control, packaging, and warehousing departments.
The firm has gone international, catering to East Asia, Europe, the Middle East, North America, and Southeast Asia, providing top-notch products at international standards to dominate the chemical sector. The firm has a total of 136 staff members as of March 31, 2025.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Bhupesh Patel, Anshu Patel, Vini Patel. Promoter holding 95.13% before the issue and 69.78% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Patel Chem Specialities IPO was a ₹58.8 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹82–₹84 per share with a lot size of 1,600 shares; the minimum retail application was 3,200 shares (₹2,68,800). The IPO was open from July 25 to July 29, 2025. Shares listed on BSE SME on August 1, 2025 at ₹110, a 31.0% premium to the issue price of ₹84. MUFG Intime India Private Limited (Link Intime) is the registrar.
Cumulative Capital Private Limited and Unistone Capital Pvt Ltd are the book running lead managers.
The price band of Patel Chem Specialities IPO is ₹82 to ₹84 per share.
The lot size of Patel Chem Specialities IPO is 1600 shares.
The minimum investment for Patel Chem Specialities IPO is approximately ₹2,68,800 based on the upper price band.
The allotment date of Patel Chem Specialities IPO is Jul 30, 2025.
Patel Chem Specialities IPO's final recorded GMP before listing was ₹24 per share (a 29% premium over the ₹84 upper price band). The shares listed at ₹110. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Patel Chem Specialities IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Patel Chem Specialities IPO allotment status on Rupix for quick and easy access.
₹82 to ₹84 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,34,400. After listing, SME shares also trade in lots rather than one share at a time.
₹1,34,400, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 25 July 2025 and closed on 29 July 2025.
The basis of allotment was published on 30 July 2025 by MUFG Intime India Private Limited (Link Intime), and allotted shares were credited to demat accounts before listing.
The shares listed on 1 August 2025 on BSE SME.
The issue size was ₹58.8 crore. The fresh issue was 70,00,000 shares (aggregating up to ₹58.8 crore).