Neochem Bio IPO is a book-built issue worth ₹44.97 crore, made up entirely of a fresh issue of 0.46 crore shares.
The IPO will open for subscription on December 2, 2025, and close on December 4, 2025. The allotment is expected on December 5, 2025, and the shares are likely to list on the NSE SME platform on December 9, 2025.
The price band is ₹93 to ₹98 per share, and the lot size is 1,200 shares. Retail investors need to apply for at least 2 lots (2,400 shares), which comes to ₹2,35,200 at the upper price. For HNI investors, the minimum application size is 3 lots (3,600 shares), costing ₹3,52,800.
The IPO’s lead manager is Vivro Financial Services Pvt. Ltd., and the registrar handling the allotment process is MUFG Intime India Pvt. Ltd.
Rikhav Securities Ltd. will act as the market maker for the issue.
Industry Outlook
- Neochem Bio IPO is a ₹44.97 crore book-built issue, consisting entirely of a fresh issue of 46 lakh shares.
- The IPO will be open for subscription from December 2 to December 4, 2025.
- The allotment is expected on December 5, 2025, and the stock will likely list on NSE SME on December 9, 2025.
- The price band is ₹93 to ₹98 per share, and the lot size is 1,200 shares.
- Retail investors need to invest at least ₹2,35,200 (2,400 shares based on the upper band), while HNIs must apply for a minimum of 3 lots (3,600 shares).
- Vivro Financial Services Pvt. Ltd. is the lead manager, MUFG Intime India Pvt. Ltd. is the registrar, and Rikhav Securities Ltd. is the market maker.
About Neochem Bio Solutions Limited
Neochem Bio Solutions Ltd., founded in 2006, manufactures specialty performance chemicals used by several industries. Its products play an important role in textile and garment washing, home and personal care, industrial and institutional cleaning, water treatment, paints, paper, construction, rubber, dyes, and pigments.
The company offers a wide range of textile and garment washing chemicals used for pre-treatment, dyeing, finishing, printing, and coating across different fabrics and processing machines. Neochem Bio operates a manufacturing facility in Saket Industrial Estate, Moraiya, Sanand (Ahmedabad), with a production capacity of 22,000 MTPA spread over 6,763 sq. meters.
The company’s key strengths include its growing presence across multiple end-user industries, a strong focus on developing innovative and sustainable chemical solutions, continuous expansion into new geographies, and leveraging strategic partnerships to enter and serve diverse industries.
How To Check the Allotment Status of Neochem Bio Solutions IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Neochem Bio Solutions IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Neochem Bio Solutions IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Neochem Bio Solutions IPO
Registered office: Neochem Bio Solutions Ltd., 303, W1, Opp. Vikramnagar Colony, Off. Iscon- Ambli Road, Ahmedabad, Gujarat, 380058
Phone: +91 079 35217792
Email: compliance@neochem.in
Website: http://www.neochem.in/
Neochem Bio Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
| Individual Investors (Retail) – Min | 2 | 2,400 | ₹2,35,200 |
| Individual Investors (Retail) – Max | 2 | 2,400 | ₹2,35,200 |
| S-HNI – Min | 3 | 3,600 | ₹3,52,800 |
| S-HNI – Max | 8 | 9,600 | ₹9,40,800 |
| B-HNI – Min | 9 | 10,800 | ₹10,58,400 |
Neochem Bio Solutions IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Neochem Bio Solutions IPO Promoter Holding
The company promoters are Swapnil Rameshbhai Makati and Hemangini Swapnil Dathia.
| Promoter Holding Pre Issue | 91.12% |
| Promoter Holding Post Issue | 66.7% |
Key Performance Indicators for Neochem Bio Solutions IPO
| KPI | Values |
| ROE | 48.82% |
| ROCE | 41.67% |
| Debt/Equity | 1.80 |
| RoNW | 48.82% |
| PAT Margin | 9.00% |
| EBITDA Margin | 15.58% |
| Price to Book Value | 5.80 |
| Market Capitalization | ₹167.78 Cr |
Neochem Bio Solutions IPO Registrar and Lead Managers
Neochem Bio Solutions IPO Lead Managers
- Vivro Financial Services Pvt.Ltd.
Registrar for Neochem Bio Solutions IPO
MUFG Intime India Pvt.Ltd.
- Phone: +91-22-4918 6270
- Email: neochem.smeipo@in.mpms.mufg.com
- Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Financial Performance of Neochem Bio Solutions Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
| Assets (in ₹ Cr) | 78.89 | 64.06 | 50.60 |
| Total Income (in ₹ Cr) | 86.15 | 62.01 | 48.79 |
| Profit After Tax (in ₹ Cr) | 7.75 | 1.80 | 1.07 |
| EBITDA (in ₹ Cr) | 13.11 | 5.99 | 4.23 |
| Net Worth (in ₹ Cr) | 19.75 | 12.00 | 8.05 |
| Reserves and Surplus (in ₹ Cr) | 13.08 | 5.33 | 2.63 |
| Total Borrowing (in ₹ Cr) | 35.62 | 33.32 | 26.24 |
Strengths and Opportunities of Neochem Bio Solutions Limited
- The company has long-standing relationships with both domestic and international customers, supported by 50+ distributors and a strong sales network.
- It serves 228+ domestic and 10+ international customers across countries like Bangladesh, Vietnam, Australia, Egypt, Singapore, Turkey, and South Korea.
- A strong R&D team focuses on developing sustainable, bio-based, and high-performance chemical solutions.
- Neochem has developed eco-friendly alternatives such as plant-based softeners, phosphate-free agents, clay-based cleaners, and glucose-derived surfactants.
- The company holds important certifications like ZDHC Level 3, GOTS 7.0, and ISO 14001, showing its commitment to quality and environmental safety.
- India’s speciality chemicals industry is growing strongly and is expected to reach ₹7.5 lakh crore by FY29, creating large expansion opportunities.
- The textile chemical market—Neochem’s largest segment—is also growing globally at 10–12% CAGR, offering strong demand potential.
- The company aims to reduce dependence on the textile industry (currently ~77% revenue) and grow in high-potential areas such as home & personal care, industrial cleaning, paints, water treatment, and construction chemicals.
Risks and Threats of Neochem Bio Solutions Limited
- A large part of the company’s revenue comes from the textile sector, so any slowdown in this industry can directly hurt sales and profits.
- The company does not have long-term contracts with most customers, so losing key buyers or receiving fewer orders can negatively impact revenue and cash flow.
- Since orders are based on short-term purchase orders that can be changed or cancelled anytime, the company faces risks in forecasting demand and planning production.
- Despite having a large manufacturing capacity, the company uses only a small portion of it, which could affect future profitability and growth.
- Most revenue comes from India. Any weakness in the domestic economy can impact the company since export revenue is limited.
- If the company fails to meet quality standards or delivery deadlines, it could lose customers, damage trust, and face reduced future orders.
- The cost of raw materials can fluctuate sharply. If the company cannot pass on these higher costs to customers, its profit margins may shrink.
- Because the company does not have fixed supplier contracts, delays or shortages in raw materials can disrupt production and affect profitability.
