Patel Chem Specialities IPO

About Patel Chem Specialities IPO

Patel Chem Specialities IPO is a book-built issue worth ₹58.80 crore. The IPO consists entirely of a fresh issue of 70.00 lakh equity shares. The IPO opens for subscription on July 25, 2025, and closes on July 29, 2025. The allotment is expected to be finalised on July 30, 2025, with tentative listing on BSE SME scheduled for August 1, 2025.

The IPO is priced in a band of ₹82 – ₹84 per share. Retail investors must apply for a minimum of 2 lots comprising 3,200 shares, requiring an investment of ₹2,68,800 at the upper price band. HNI investors must apply for a minimum of 3 lots (4,800 shares), amounting to ₹4,03,200.

Cumulative Capital Private Limited is the book-running lead manager to the issue, and MUFG Intime India Private Limited (Link Intime) is the registrar. Globalworth Securities Limited is the designated market maker.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the Patel Chem Specialities IPO RHP.

Industry Outlook

1. India’s specialty chemicals sector is experiencing robust expansion, underpinned by rising demand across pharmaceuticals, nutraceuticals, food and beverages, cosmetics, and industrial applications. This growth is driven by increasing global regulatory compliance, heightened quality standards, and the shift towards value-added chemical formulations.
2. Patel Chem Specialities Limited operates within the niche domain of cellulose-based excipients—critical ingredients used as binders, disintegrants, stabilisers, and gelling agents. These excipients are indispensable in tablet manufacturing, food additives, and personal care products. The company’s product portfolio includes Sodium Monochloro Acetate (SMCA), Sodium Starch Glycolate (SSG), Croscarmellose Sodium (CCS), Calcium Carboxymethyl Cellulose (Calcium CMC), Sodium Carboxymethyl Cellulose (Sodium CMC), and Microcrystalline Cellulose (MCC).
3. The global demand for pharmaceutical excipients is projected to grow steadily, fuelled by ageing populations, increased healthcare spending, and the proliferation of generic drugs. India, with its cost-effective manufacturing base and skilled workforce, is well-positioned to capitalise on this trend. Moreover, the country’s adherence to international standards such as US-DMF and GMP enhances its credibility as a reliable supplier.
4. Export opportunities remain strong, with Patel Chem Specialities already serving over 15 countries, including the United States, Germany, Japan, and South Korea. The “Make in India” initiative and favourable government policies further bolster the sector’s prospects by encouraging domestic production and reducing import dependency.

Patel Chem Specialities IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. Establish a new manufacturing facility at Indrad, Mahesana, Gujarat, dedicated to the production of Croscarmellose Sodium (CCS), Sodium Starch Glycolate (SSG) – both corn starch and potato starch variants – and Calcium Carboxymethylcellulose (CMC). This expansion includes capital expenditure towards plant setup, procurement of specialised machinery, and infrastructure development to support increased production volumes and product diversification.
2. Support general corporate purposes, which may include administrative expenses, working capital requirements, brand enhancement, and strategic initiatives aimed at strengthening the company’s operational capabilities and market positioning.

About Patel Chem Specialities Limited

Patel Chem Specialities Limited was originally incorporated as Patel Chem Specialities Private Limited on 25 June 2008 under the Companies Act, 1956. Pursuant to a special resolution passed on 4 July 2024, the company was converted into a public limited entity and renamed Patel Chem Specialities Limited. A fresh certificate of incorporation reflecting the change was issued on 29 August 2024.

The company is engaged in the manufacturing of high-quality cellulose-based excipients, which serve as essential ingredients in pharmaceutical, nutraceutical, food and beverage, cosmetic, and industrial formulations. These excipients function as binders, disintegrants, thickeners, stabilisers, and gelling agents, playing a critical role in the production of tablets, food additives, and personal care products.

Patel Chem operates from its manufacturing units located in Vatva and Talod, Gujarat, and maintains a strong emphasis on quality, adhering to international standards such as US-DMF, GMP, and ISO 9001:2015. Its product portfolio includes Sodium Monochloro Acetate (SMCA), Sodium Starch Glycolate (SSG), Croscarmellose Sodium (CCS), Calcium Carboxymethyl Cellulose (Calcium CMC), Sodium Carboxymethyl Cellulose (Sodium CMC), and Microcrystalline Cellulose (MCC).

The company has established a global footprint, exporting to over 15 countries including the United States, Germany, Japan, South Korea, and the United Kingdom. Its domestic operations are concentrated in key states such as Gujarat, Maharashtra, and West Bengal.

Patel Chem’s growth strategy is centred on expanding manufacturing capacity, enhancing product quality, and strengthening its presence in both domestic and international markets. By leveraging its technical expertise and commitment to innovation, the company aims to consolidate its position in the specialty chemicals sector and capitalise on the rising demand for pharmaceutical-grade excipients worldwide.

How To Check the Allotment Status of the Patel Chem Specialities IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Patel Chem Specialities IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Patel Chem Specialities IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Patel Chem Specialities IPO

Registered Office: Plot No. 272/4-5, Phase II, G.I.D.C Industrial Estate, Vatva Road, Ahmedabad – 382445, Gujarat, India.

Phone: +91 97129 99854
E-mail:cs@patelchem.com