Neochem Bio Solutions Limited
Bookbuilding IPO · NSE
- Price band
- ₹93 - ₹98
- Lot size
- 1,200 shares
- Issue amount
- ₹44.97 cr
- Total subscription
- 15.59×
- Opens
- 2 Dec 2025
- Closes
- 4 Dec 2025
- Allotment
- 5 Dec 2025
- Listing
- 9 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 45,88,800 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,11,600
- Fresh issue
- ₹44.97 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,17,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,13,10,000
- Shares after issue
- 1,71,20,753
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,35,200 |
| sHNI | 3 | 3,600 | ₹3,52,800 |
| bHNI | 9 | 10,800 | ₹10,58,400 |
Share reservation
Subscription & GMP
Subscription by category
Reported 4 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 27 |
| NIB | 0 | 1,629 |
| RETAIL | 636 | 5,990 |
| HNIs(10L +) | 121 | 964 |
| HNIs (2-10L) | 61 | 665 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 8.54 | 187.6 |
| FIIs | 0 | 73.39 |
| Others | 0 | 114.2 |
| RETAIL | 14.96 | 140.88 |
| HNIs 2+ | 2.14 | 25.43 |
| HNIs 10+ | 4.28 | 112.64 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 4.52 | 6.64 | 1.89 | 2.03 |
| ROE | 0 | 0 | 0 | 0 |
| ROCE | 22.84 | 41.67 | 21.46 | 17.46 |
| RONW | 21.1 | 48.82 | 17.97 | 18.07 |
| PRE IPO(PE) | 0 | 15.85 | 0 | 0 |
| POST IPO(PE) | 15.3 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Neochem Bio Solutions Limited | 0 | 0 | 10.00 | 25.72 | 21.10 | 4.52 |
| Rossari Biotech Limited | 26 | 640.95 | 2.00 | 226.05 | 5.78 | 24.66 |
| Indian Emulsifiers Limited | 8.83 | 100.7 | 10.00 | 75.54 | 11.78 | 11.4 |
Company information
Company profile
Neochem Bio Solutions Ltd., incorporated in 2006, manufactures specialty performance chemicals used in a wide range of industries, including textile and garment washing, home and personal care, industrial cleaning, water treatment, paints and coatings, paper and pulp, construction, rubber, and dyes and pigments. The company provides a complete range of textile and garment washing auxiliaries for pre-treatment, dyeing, finishing, printing, and coating applications suitable for all fabric types and processing machines. Its manufacturing facility is located at Saket Industrial Estate in Moraiya, Sanand, Ahmedabad, with an installed capacity of 22,000 MTPA and a total area of 6,763 square meters.
Strengths
- Integrated & Versatile Manufacturing Capabilities: The company produces key intermediates in-house and manages multiple chemistries, ensuring quality control, cost efficiency, and reliable supply.
- Deep Multi-Industry Technical Expertise: With decades of experience and a strong technical team, the company delivers high-performance formulations across textiles, HPC, cleaning, construction, paints, water treatment, paper, rubber, and dyes.
- Long-Standing Customer Relationships: Consistent product performance and strong application understanding have helped the company maintain long-term partnerships and drive recurring business across domestic and global markets.
Risk factors
- High Dependence on the Textile Sector: A major share of revenue comes from textile industry customers, so any slowdown or loss of demand in this segment may significantly affect financial performance.
- Absence of Long-Term Customer Contracts: With sales driven mainly by short-term purchase orders, customers can reduce or cancel orders anytime, creating revenue instability and planning challenges.
- Stringent Quality Compliance Requirements: Since products act as key raw materials for multiple industries, any failure to meet strict quality standards could lead to customer loss and negatively impact business operations.
Promoters
Swapnil Rameshbhai Makati
Hemangini Swapnil Dathia
Registrar & documents
Lead manager
Vivro Financial Services Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
303, W1, Opp. Vikramnagar Colony, Off. Iscon- Ambli Road, Ahmedabad, Gujarat, 380058
+91 079 35217792
[email protected]Company website ↗Understanding NEOCHEM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.