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InvestmentsIPOPhytochem Remedies IPO

Phytochem Remedies IPO

SME

Open Date

18 Dec 2025

Close Date

22 Dec 2025

Min Investment

₹ 2,35,200

Lot Size

1,200

Issue Size

₹ 38.22 Cr

Price Range

₹ 98 - ₹ 98

Subscribed

0.58 x
status

This IPO is now Live.

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IPO Timeline
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IPO Offer Start
18 Dec 2025
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IPO Offer Ends
22 Dec 2025
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Allotment Finalisation
23 Dec 2025
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Refund Initialisation
24 Dec 2025
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Non-Institutional Buyers (sHNI)
24 Dec 2025
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Listing of Shares
23 Dec 2025
IPO Subscription Details as on 5 Apr 2026, 11:07 AM
Retail
0.76 x
Total
0.58 x
Non-Institutional Buyer (bHNI)
0.11 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Phytochem Remedies (India) Limited is one of the leading manufacturers of high-quality corrugated boxes including printed, rolls, pads, sheets etc., offering customized packaging solutions to meet the specific requirements of its clients. The company specializes in manufacturing corrugated boxes and supplies to various sectors. Incorporated in 2002, the company initially focused on development and planning, with manufacturing operations commencing in 2014. The company operates from its strategically located manufacturing units in Bari Brahmana, Jammu, which provide significant logistical advantages.
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Founded In

2002

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CEO

Niranjan Surana

Financials of Phytochem Remdies India IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue20.8232.8336.54
Other Income0.000.070.27
Total Income
20.8332.9036.81
Total Expenses
19.6829.7630.75
Profit Before Tax1.153.146.06
Total Profit
0.822.314.48

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company plans to expand and upgrade manufacturing capabilities across two units, focusing on corrugated boxes manufacturing, paper bags manufacturing, and specialty coating applications. The funds will be used to procure various machinery including six-color printing machines, paper bag manufacturing machines, coating lines, transformers, and other industrial equipment.14
The company will carry out essential civil work across both units including construction of RCC shed with PU-coated floor, steel structure with hardened floor, dedicated storage facility, and specialized room for chemical and solvent preparations to support the planned expansion and ensure seamless integration of new machinery.6
The company proposes to utilize the proceeds towards repayment or prepayment of certain borrowings including working capital loans and term loans. This will help reduce outstanding indebtedness, reduce dependency on external funding and debt-equity ratio, enabling utilization of internal accruals for business growth.9
The company intends to deploy proceeds towards general corporate purposes including meeting fund requirements in ordinary course of business, strengthening marketing capabilities, brand building exercises, meeting corporate contingencies, salaries and wages, rent, administration expenses, technology upgrades and maintenance.6
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  • Long-standing relationships with a stable customer base: The company has established relationships with diverse customers providing stable recurring revenue stream. Top 10 customers contribute 51.62% of revenue as of September 30, 2025, with revenue from sale of products growing at CAGR of 28.87%.
  • Track record of consistent financial performance and growth: The company demonstrated revenue from operations growth to ₹3,653.62 Lakhs in Fiscal 2025 (11.28% YoY growth). EBITDA grew to ₹868.97 Lakhs with improved EBITDA margin rising to 23.78% in Fiscal 2025 from 17.91% in Fiscal 2024.
  • Well established manufacturing facility with focus on sustainability and readiness for expansion: The company has capacity utilization improved from 50.54% in FY 23-24 to 68.98% till September 2025. Approximately 90,000 square feet of unutilized land available for future expansion with fully automated corrugated board plant introduced in 2022.
  • Well-diversified product portfolio with wide industry applications: The company offers comprehensive range of customized packaging solutions including corrugated boxes in various flute combinations (A, B, C, AB, AC, BC), printed corrugated boxes, corrugated rolls, pads and sheets serving multiple industries.
  • Strategic geographical location: The company's manufacturing units are strategically located within Bari Brahmana Industrial Complex, Jammu with seamless access to key infrastructure facilities including fire stations, water supply, telecommunications, and well-developed transportation infrastructure.

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