Archive · 19 Dec 2025
Phytochem Remedies IPO Sees Low Demand
Phytochem Remedies, a company that makes boxes and boards, is trying to raise money by selling shares to the public for the first time.
They want to raise ₹38.22 crore.
The shares are priced at ₹98 each, and people can buy them in groups of 1,200 shares.
So far, not many people are interested, and the shares are not selling for more than the price set by the company.
The money raised will be used to buy new machines, build things, pay off some debts, and for other company needs.
The shares will start being traded on the BSE SME on December 26.
Phytochem Remedies IPO aims to raise ₹38.22 crore through a fixed price issue of ₹98 per share.
The IPO is entirely a fresh share sale of 0.39 crore shares, with a minimum bid of 2,400 shares (two lots).
As of the first day, the IPO has seen tepid demand, with only 2% of the shares booked.
The grey market premium (GMP) for the IPO is nil, indicating no premium or discount in grey market trading.
Funds raised will be used for machinery purchase, civil construction, debt repayment, and general corporate purposes.
- Who
- Phytochem Remedies, a manufacturer of corrugated boxes and board solutions
- What
- Launch of their initial public offering (IPO)
- When
- December 18 to December 22, with allotment on December 23 and listing on December 26
- Where
- BSE SME (Bombay Stock Exchange - Small and Medium Enterprises)
- Why
- To raise ₹38.22 crore for machinery purchase, civil construction, debt repayment, and general corporate purposes
- IPO Issue Size
- ₹38.22 crore
- IPO Price
- ₹98 per share (fixed price)
- IPO Subscription Period
- December 18 to December 22
- IPO Allotment Date
- December 23
- IPO Listing Date
- December 26
- IPO Listing Exchange
- BSE SME
- Company Founded
- 2002
- Company Products
- Corrugated boxes and board solutions
