Patel Chem Specialities IPO: GMP, Subscription status and more
Patel Chem Specialities IPO GMO is going strong and the shares are expected to be listed with 47 per cent gains, investorgain reported. The IPO opened on July 25, 2025 and its price band is fixed in the range of 82-84 per share.
New Delhi: Patel Chem Specialities IPO opened for public subscription on July 25 and is scheduled to conclude on July 29, 2025. The price band is fixed in the range of Rs 82-84 per share for its Rs 58.80 crore initial public offering.
The public issue is categorised as an SME IPO and is entirely a fresh issue of up to 70 lakh equity shares. It is a manufacturer of starch-based pharmaceutical excipients. The shares of the company will be listed on BSE's SME platform, Patel Chem Specialities said in a statement.
Patel Chem Specialities IPO GMP, subscription
As per the latest inputs, Patel Chem Specialities IPO got subscribed 1.64 times till 3 pm on 25th July. In the retail category, the public issue received a subscription of 2.42 times, QIB portion got subscribed 0.01 times and 2.01 times in the NII category.
Invetsorgain reported that Patel Chem Specialities SME IPO GMP indicates that the shares will list with around 47 per cent gains. With the price band of Rs 84, the shares of the company are expected to make their debut at 124 apiece.
Patel Chem Specialities, in its draft appears submitted with SEBI, mentioned that it will use the proceeds from the issue to set up a plant at Indrad, Mahesana, for manufacturing Croscarmellose Sodium (CCS), Sodium Starch Glycolate (SSG) – Corn Starch Base & Potato Starch Base and Calcium Carboxymethylcellulose (CMC) and general corporate purposes.
Book-running lead managers of the IPO: Cumulative Capital and Unistone Capital and MUFG Intime India is the registrar for the issue.
Patel Chem Specialities IPO allotment, listing dates
- Patel Chem Specialities IPO Allotment expected on July 30, 2025
- Refunds process likely to start on July 31, 2025
- Shares expected to be credited to the demat account of eligible candidates: July 31, 2025
- The stocks will list on BSE SME with a tentative listing date as August 1, 2025
Patel Chem Specialities came into existence in 2008. Its businesses include, manufacturing and exporting of pharmaceutical excipients and specialty chemicals.
"The IPO proceeds will fuel our strategic expansion and strengthen our presence in both domestic and international markets. The upcoming facility at Indrad, Mehsana will help us meet rising demand for key products like CCS, SSG, and Calcium CMC, and support our focus on innovation and customer-driven solutions," Bhupesh Patel, MD at Patel Chem Specialities, said.
In 2024-25, Patel Chem Specialities posted operating revenue of Rs 105.09 crore and net profit of Rs 10.57 crore.
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