Neochem Bio Solutions Ltd. is launching a book-built fresh issue of up to 45,88,800 equity shares aggregating to ₹44.97 crore. The issue opens on Dec 2, 2025 and closes on Dec 4, 2025. Tentative allotment is Dec 5, 2025, refunds & demat credit on Dec 8, 2025, and tentative listing on Dec 9, 2025 on NSE SME. Price band: ₹93–₹98 per share. Minimum retail application is 2 lots (2,400 shares) at upper band = ₹2,35,200.
Neochem Bio Solutions Ltd. IPO
NSE SME — Book-built Fresh Issue (Specialty Performance Chemicals)
UPCOMINGNeochem Bio Solutions Ltd. is launching a book-built fresh issue of up to 45,88,800 equity shares aggregating to ₹44.97 crore. The issue opens on Dec 2, 2025 and closes on Dec 4, 2025. Tentative allotment is Dec 5, 2025, refunds & demat credit on Dec 8, 2025, and tentative listing on Dec 9, 2025 on NSE SME. Price band: ₹93–₹98 per share. Minimum retail application is 2 lots (2,400 shares) at upper band = ₹2,35,200.
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹93 to ₹98 per share |
| Lot Size | 1,200 shares |
| Total Issue Size | 45,88,800 shares (aggregating up to ₹44.97 Cr) |
| Reserved for Market Maker | 2,32,800 shares (₹2.28 Cr) — Rikhav Securities Ltd. |
| Net Offered to Public | 43,56,000 shares (₹42.69 Cr) |
| Issue Type | Book-building IPO (Fresh) |
| Listing | NSE SME |
| Pre / Post Issue Shares | 1,25,31,953 / 1,71,20,753 |
| BRLM / Registrar | Vivro Financial Services Pvt. Ltd. / MUFG Intime India Pvt. Ltd. |
| Investor Category | Allocation |
|---|---|
| QIB | Not more than 50% of Net Issue |
| NII (HNI) | Not less than 15% of Net Issue |
| Retail (RII) | Not less than 35% of Net Issue |
| IPO Open | Tue, Dec 2, 2025 |
|---|---|
| IPO Close | Thu, Dec 4, 2025 |
| Tentative Allotment | Fri, Dec 5, 2025 |
| Initiation of Refunds | Mon, Dec 8, 2025 |
| Credit to Demat | Mon, Dec 8, 2025 |
| Tentative Listing | Tue, Dec 9, 2025 |
| UPI Mandate Cut-off | 5 PM on Thu, Dec 4, 2025 |
| Application | Lots | Shares | Amount (₹ at ₹98) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,35,200 |
| Retail (Max) | 2 | 2,400 | ₹2,35,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,52,800 |
| S-HNI (Max) | 8 | 9,600 | ₹9,40,800 |
| B-HNI (Min) | 9 | 10,800 | ₹10,58,400 |
Amounts shown use the upper price (₹98). Lower-band bids will reduce the investment amounts accordingly.
Incorporated in 2006, Neochem Bio Solutions Ltd. manufactures specialty performance chemicals used across textile & garment washing, home & personal care, institutional/industrial cleaners, water treatment, paints & coatings, paper & pulp, construction, rubber, dyes & pigments. The company operates a manufacturing facility at Moraiya (Sanand, Ahmedabad) with an installed capacity of 22,000 MTPA.
Competitive strengths: diversified end-user footprint, focus on innovative performance chemistries and sustainable solutions, expanding geographical presence and strategic partnerships.
Selected financials (₹ Crore)
| Period Ended | Assets | Total Income | PAT | EBITDA | Net Worth | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 2025 | 96.49 | 47.18 | 5.48 | 8.59 | 32.24 | 38.54 |
| 31 Mar 2025 | 78.89 | 86.15 | 7.75 | 13.11 | 19.75 | 35.62 |
| 31 Mar 2024 | 64.06 | 62.01 | 1.80 | 5.99 | 12.00 | 33.32 |
KPI (as of Mar 31, 2025): ROE 48.82% | ROCE 41.67% | Debt/Equity 1.80 | PAT Margin 9.00% | EBITDA Margin 15.58% | P/B 5.80 | Market Cap ~₹167.78 Cr.
| 1 | Funding long-term working capital requirements — ₹23.90 Cr |
|---|---|
| 2 | Repayment/prepayment of certain outstanding borrowings — ₹10.00 Cr |
| 3 | General corporate purposes |
[Dilip Davda] Neochem Bio Solutions operates in specialty chemicals with a broad portfolio of customized formulations. The company showed strong revenue and PAT growth (PAT up sharply Y/Y due to higher-margin products). Issue appears fairly priced relative to recent earnings; suitable for medium-to-long term investors who accept SME market liquidity and execution risk.
Company Contact
- Neochem Bio Solutions Ltd., 303, W1, Opp. Vikramnagar Colony, Off. Iscon-Ambli Road, Ahmedabad, Gujarat, 380058
- Phone: +91 079 35217792 | Email: [email protected]
- Website: http://www.neochem.in/
Registrar
- MUFG Intime India Pvt. Ltd. — Phone: +91-22-4918 6270 | Email: [email protected]
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