Patel Chem Specialities IPO 2025: GMP, Date, Price, Review, Allotment Details
The Patel Chem Specialities IPO, an SME IPO from Ahmedabad-based Patel Chem Specialities Limited, is set to raise ₹58.80 crores through a fresh issue of equity shares. Opening on July 25, 2025, with a price band of ₹82 to ₹84 per share, this IPO offers investors a chance to invest in a specialty chemicals manufacturer focused on cellulose-based excipients. This article provides a detailed overview of the Patel Chem Specialities IPO, including grey market premium (GMP), subscription status, allotment details, financial performance, and expert review to guide investors.
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Patel Chem Specialities IPO Details
The Patel Chem Specialities IPO is a book-built issue comprising a fresh issue of ₹58.80 crores, with no offer for sale (OFS), and equity shares having a face value of ₹10 each. Below are the key details based on the DRHP and recent updates:
| Particulars | Details |
|---|---|
| IPO Opening Date | July 25, 2025 |
| IPO Closing Date | July 29, 2025 |
| Allotment Date | July 30, 2025 |
| Listing Date | August 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹82 to ₹84 per share |
| Lot Size | 1,600 shares |
| Issue Size | ₹58.80 crores |
| Fresh Issue | ₹58.80 crores (70 lakh shares) |
| Offer for Sale | None |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Book Running Lead Managers | Cumulative Capital Private Limited, Unistone Capital |
| Registrar | MUFG Intime India Private Limited |
The IPO allocates 50% to Qualified Institutional Buyers (QIBs), 15% to High Net-Worth Individuals (HNIs), and 35% to Retail Individual Investors (RIIs). The minimum investment for retail investors is ₹1,34,400 (1,600 shares at ₹84), and for HNIs, it is ₹2,68,800 (3,200 shares).
Patel Chem Specialities IPO Subscription Status
The subscription status for the Patel Chem Specialities IPO will be updated daily during the subscription period from July 25 to July 29, 2025. Investors can track live subscription data on the BSE or the registrar’s portal (MUFG Intime India).
| Category | Subscription (Times) |
|---|---|
| QIB | To be updated |
| NII (HNI) | To be updated |
| Retail | To be updated |
| Total | To be updated |
Note: Subscription data will be available during the IPO subscription period (July 25–29, 2025).
Patel Chem Specialities IPO Allotment Status
The allotment for the Patel Chem Specialities IPO is expected to be finalized on July 30, 2025. Investors can check their allotment status on the registrar’s website (MUFG Intime India) or the BSE website using their application number, PAN, or DP Client ID. Shares will be credited to demat accounts by July 31, 2025, and refunds will be processed for non-allotted applications.
Steps to Check Allotment Status:
- Visit the MUFG Intime India website (https://in.mpms.mufg.com/Initial_Offer/public-issues.html).
- Select “Patel Chem Specialities IPO” from the dropdown menu.
- Enter your Application Number, PAN, or DP Client ID.
- Click “Search” to view your allotment status.
Note: Allotment status will be available after finalization on July 30, 2025.
Patel Chem Specialities IPO Grey Market Premium (GMP) Today
The Grey Market Premium (GMP) indicates the premium at which IPO shares trade in the unofficial market before listing. As of July 18, 2025, the GMP for the Patel Chem Specialities IPO is not available, as grey market activity has not yet started. Investors should monitor updates closer to the IPO opening on July 25, 2025, for GMP trends.
| Date | GMP (₹) | Estimated Listing Price (₹) |
|---|---|---|
| July 18, 2025 | Not Available | Not Available |
| July 17, 2025 | Not Available | Not Available |
| July 16, 2025 | Not Available | Not Available |
| July 15, 2025 | Not Available | Not Available |
Disclaimer: GMP is unofficial and volatile. Base investment decisions on company fundamentals, not just GMP.
Patel Chem Specialities IPO Kostak Rates Today
The Kostak rate is the premium an investor earns by selling their IPO application in the grey market before allotment. As of July 18, 2025, the Kostak rate for the Patel Chem Specialities IPO is not available due to the absence of grey market activity. Check with grey market dealers for updates closer to the IPO opening.
| Date | Kostak Rate (₹) |
|---|---|
| July 18, 2025 | Not Available |
Patel Chem Specialities IPO Subject to Sauda Rates
The Subject to Sauda rate is the amount agreed for an IPO application, payable only if allotted. As of July 18, 2025, the Subject to Sauda rate for the Patel Chem Specialities IPO is not available, as grey market trading has not commenced.
| Date | Subject to Sauda (₹) |
|---|---|
| July 18, 2025 | Not Available |
Note: Kostak and Subject to Sauda rates are unofficial and may fluctuate as grey market activity begins.
About Patel Chem Specialities Limited
Incorporated in 2002, Patel Chem Specialities Limited, based in Ahmedabad, Gujarat, is a manufacturer of specialty chemicals, focusing on cellulose-based excipients used in pharmaceuticals, food and beverages, cosmetics, and industrial applications. The company’s products, including binders, disintegrants, thickeners, stabilizers, and gelling agents, cater to diverse sectors, enhancing product performance and stability. Operating from its facility at Plot No. 272/4-5, Phase II, G.I.D.C Industrial Estate, Vatva Road, Ahmedabad, the company serves both domestic and international markets. The promoters are Bhupesh Patel, Anshu Patel, and Vini Patel, who bring significant industry experience.
Patel Chem Specialities IPO Objectives
The net proceeds from the fresh issue will be used for:
Patel Chem Specialities Financials
Patel Chem Specialities has shown steady financial growth, particularly in revenue and profitability. Below is a summary of its financial performance:
| Particulars | FY25 (₹ Crores) | FY24 (₹ Crores) | Growth (%) |
|---|---|---|---|
| Revenue | 105.55 | 82.72 | 27.60% |
| EBITDA | Not Available | Not Available | Not Available |
| PAT | 10.57 | 7.66 | 37.99% |
The company’s strong financials, with 27.60% revenue growth and 37.99% PAT growth, reflect its operational efficiency and market demand.
Patel Chem Specialities IPO Strengths
- Strong Financial Growth: 27.60% revenue growth and 37.99% PAT growth from FY24 to FY25, indicating robust performance.
- Diverse Applications: Manufactures cellulose-based excipients for pharmaceuticals, food, cosmetics, and industrial sectors, ensuring broad market reach.
- Strategic Location: Based in Ahmedabad, a hub for chemical manufacturing, enhancing supply chain efficiency.
- Experienced Promoters: Led by Bhupesh Patel, Anshu Patel, and Vini Patel, with deep industry expertise.
- Growing Demand: Increasing demand for specialty chemicals in pharmaceuticals and food industries supports long-term growth.
Patel Chem Specialities IPO Risks
- SME IPO Risks: Smaller scale and limited market visibility compared to mainboard IPOs.
- No GMP Activity: Absence of grey market data limits visibility on listing gains.
- Competition: Faces competition from larger specialty chemical manufacturers like Aarti Industries and Atul Ltd.
- Raw Material Costs: Fluctuations in raw material prices may impact margins.
- Limited Financial Data: Lack of EBITDA data restricts comprehensive financial analysis.
Patel Chem Specialities IPO Review
The Patel Chem Specialities IPO offers investors exposure to the growing specialty chemicals sector, driven by demand in pharmaceuticals, food, and cosmetics. The company’s 27.60% revenue growth and 37.99% PAT growth from FY24 to FY25 highlight its financial strength and operational efficiency. X posts indicate investor interest in this SME IPO, with details shared about its July 25–29, 2025, opening and ₹82–84 price band. However, the absence of GMP data, competition from larger players, and SME IPO volatility pose risks. The lot size of 1,600 shares requires a minimum investment of ₹1,34,400, which may deter some retail investors. Long-term investors may find this IPO attractive due to strong fundamentals and sector growth, but short-term investors should be cautious due to price uncertainty and market risks.
Recommendation: Suitable for long-term investors with moderate risk tolerance, but consult a financial advisor due to SME IPO risks and lack of GMP data.
How to Apply for Patel Chem Specialities IPO
Investors can apply through ASBA (Applications Supported by Blocked Amount) or UPI via their bank or brokers like Zerodha, Upstox, or 5Paisa.
Steps to Apply:
- Log in to your demat account or broker’s platform.
- Navigate to the IPO section and select “Patel Chem Specialities IPO.”
- Enter the number of lots (minimum 1,600 shares) and price (₹82–₹84 per share).
- Provide your UPI ID or bank details for payment.
- Submit the application and approve the UPI mandate.
Check your broker’s IPO application process for detailed instructions.
Patel Chem Specialities IPO FAQs
When does the Patel Chem Specialities IPO open and close?
The IPO opens on July 25, 2025, and closes on July 29, 2025.
What is the price band of the Patel Chem Specialities IPO?
The price band is ₹82 to ₹84 per share.
What is the minimum investment for retail investors?
The minimum investment is ₹1,34,400 for 1,600 shares at ₹84 per share.
How can I check the Patel Chem Specialities IPO allotment status?
Visit the MUFG Intime India website (https://in.mpms.mufg.com/Initial_Offer/public-issues.html), select “Patel Chem Specialities IPO,” and enter your PAN, application number, or DP Client ID.
What is the GMP of the Patel Chem Specialities IPO today?
As of July 18, 2025, the GMP is not available, as grey market activity has not started.
Where will the Patel Chem Specialities IPO be listed?
The IPO will be listed on the BSE SME on August 1, 2025.
