Neochme is a specialty performance chemical manufacturer with a legacy of over four decades, offering a diverse portfolio of more than 350 customized formulations across four key segments: Polymers, Surfactants, Silicones, and Esters & bio-based sustainable solutions. Its products play a critical role in industries such as textile and garment washing, home and personal care, institutional and industrial cleaners, water treatment, paints and coatings, paper and pulp, construction, rubber, and dyes and pigments. The company holds ISO 9001:2015, ISO 14001, and ISO 45001 accreditations, along with ZDHC Level 3 and GOTS 7.0 product certifications.
Price Band₹93 - ₹98 |
Dates02 Dec - 04 Dec |
GMP₹6 (6.12%) |
Subscriptions- |
Issue Size₹44.97 Crs |
Neochem IPO Objects
- Funding the long-term working capital requirements of the Company
- Repayment/prepayment of all or certain outstanding borrowings availed by the Company
- General Corporate Purposes
Neochem IPO Details
Price Band₹93 - ₹98 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹44.97 Cr (0.46 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹44.97 Cr (0.46 Cr Shares) |
Face Value₹10 per equity share |
Neochem IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
2,400
2,35,200
Maximum
2
2,400
2,35,200
|
|||
| Small HNI |
Minimum
3
3,600
3,52,800
Maximum
8
9,600
9,40,800
|
|||
| Big HNI |
Minimum
9
10,800
10,58,400
|
|||
Neochem IPO Subscription
Updated as on 04-Dec-2025 19:01:42 hrs
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | - | 0 | 1,91,42,400 |
| NII | - | 0 | 1,40,88,000 |
| bNII | - | 0 | 1,14,93,600 |
| sNII | - | 0 | 25,94,400 |
| Individual Investor | - | 0 | 1,43,76,000 |
| Total | - | 0 | 4,76,06,400 |
Neochem IPO GMP
The estimated Grey Market Premium of Neochem IPO is ₹6 per share (6.12%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 232800 Eq. Shares |
Neochem IPO Financials
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue from Operations | 47.18 | 86.15 | 62.01 | 48.79 |
| Profit after Tax | 5.48 | 7.75 | 1.80 | 1.07 |
| Net Worth | 32.24 | 19.75 | 12.00 | 8.05 |
| Total Borrowing | 38.54 | 35.62 | 33.32 | 26.24 |
| Total Assets | 96.49 | 78.89 | 64.06 | 50.60 |
| NAV per share (in ₹) | 25.72 | 16.91 | 10.27 | 8.48 |
| EPS - Basic (in ₹) | 4.52 | 6.64 | 1.89 | 2.03 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 15.58% |
| PAT | 9.00% |
| ROE | 48.82% |
| ROCE | 41.67% |
| Debt to Equity | 1.80 |
| PE Ratio | 14.76 |
| PB Ratio | 5.80 |
| Mkt Cap (in Crs.) | 167.78 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Neochem IPO Peer Comparision
| Particulars | Neochem Bio | Rossari Biotech | Indian Emulsifiers |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 84.17 | 2,080.29 | 101.23 |
| PAT (In Crs.) | 7.75 | 136.38 | 13.30 |
| EPS - Basic | 4.52 | 24.66 | 11.40 |
| NAV per share | 25.72 | 226.05 | 75.54 |
| RONW | 21.10% | 5.78% | 11.78% |
| EBITDA | 15.58% | 12.76% | 19.11% |
| PAT Margin | 9% | 6.54% | 12.96% |
| Price to earning (PE) | 14.76 | 26.00 | 8.83 |
| Debt to Equity | 1.80 | 0.17 | 0.46 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 31, 2025 for Peers
Neochem IPO Peer Comparision
| Particulars | Neochem Bio |
|---|---|
| Revenue from Ops (in Crs.) | 84.17 |
| PAT (In Crs.) | 7.75 |
| EPS - Basic | 4.52 |
| NAV per share | 25.72 |
| RONW | 21.10% |
| EBITDA | 15.58% |
| PAT Margin | 9% |
| Price to earning (PE) | 14.76 |
| Debt to Equity | 1.80 |
| Rossari Biotech | Indian Emulsifiers |
|---|---|
| 2,080.29 | 101.23 |
| 136.38 | 13.30 |
| 24.66 | 11.40 |
| 226.05 | 75.54 |
| 5.78% | 11.78% |
| 12.76% | 19.11% |
| 6.54% | 12.96% |
| 26.00 | 8.83 |
| 0.17 | 0.46 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 31, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Swapnil Makati | 74.54% |
| Hemangini Dathia | 8.62% |
| Meenaben Dathia | 7.95% |
| Total | 91.11% |
Management Details
| Name | Designation |
|---|---|
| Dinesh Chopra | Chairman |
| Swapnil Makati | MD |
| Pradip Solanki | CFO |
Company Details
Name: Neochem Bio Solutions Limited
Address: 303, W1, Opp. Vikramnagar Colony, Off. Iscon Ambli Road, Ahmedabad - 380058, Daskroi, Gujarat, India
Number: +91 079 35217792
Email: compliance@neochem.in
Website: www.neochem.in
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Neochem IPO is a SME IPO having an issue size of Rs. ₹44.97 Crs. Neochem IPO is priced at ₹93 - ₹98 per share. The issue opens on 02 Dec 25 and closes on 04 Dec 25.
Neochem IPO opens on 02 Dec 25 and closes on 04 Dec 25.
The estimated Grey Market Premium of Neochem IPO is ₹6 per share (6.12%).
The minimum lot size of Neochem IPO is 1200 shares & the minimum application amount is Rs. 117600.
The allotment date of Neochem IPO is 05 Dec 25.
The listing date of Neochem IPO is 09 Dec 25.
Neochem IPO is subscribed -.
Neochem IPO is priced at ₹93 - ₹98 per share.
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