Phytochem Remedies (India) Limited is engaged in the manufacturing of corrugated boxes and corrugated board–based packaging solutions, serving diverse end-use industries such as food & beverages, FMCG, pesticides, pharmaceuticals, and automotive.
The company operates from Bari Brahmana, Jammu, which offers strategic logistical advantages for sourcing and distribution.
The company operates through two manufacturing units at Bari Brahmana. Unit 1 has a total allocated area of 43,360 sq. ft., of which approximately 12,000 sq. ft. is currently utilized. Unit 2 has a larger allocated area of 1,73,440 sq. ft., with around 55,000 sq. ft. under current utilization.
The availability of substantial unutilized space across both units provides flexibility for future capacity expansion and installation of additional machinery.
Phytochem offers a wide range of packaging products, including:
- Corrugated Boxes (3-ply, 5-ply, and 7-ply)
- Printed Corrugated Boxes
- Corrugated Rolls
- Corrugated Pads and Sheets
As on date September 30, 2025, the company had 51 employees.
Phytochem Remedies IPO – Details
| IPO Opening Date | 18 December 2025 |
| IPO Closing Date | 22 December 2025 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 39,00,000 Shares Worth ₹38.22 Crore Fresh Issue: 39,00,000 Shares Worth ₹38.22 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹98 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt.Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Phytochem Remedies IPO – Date Schedule
| IPO Open Date | 18 December 2025 |
| IPO Close Date | 22 December 2025 |
| Basis of Allotment | 23 December 2025 |
| Initiation of Refund | 24 December 2025 |
| Credit of Shares to Demat | 24 December 2025 |
| IPO Listing Date | 26 December 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 22, 2025 |
Phytochem Remedies IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,35,200 |
| Retail (Max) | 2 | 2,400 | ₹2,35,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,52,800 |
Competitive Strength
- Long-standing relationships with a stable customer base.
- Track record of consistent financial performance and growth.
- Well established manufacturing facility with a focus on sustainability and readiness for expansion and technology advancement.
- Well-diversified product portfolio with wide industry applications.
Company Promoters
- Aditi Bohra
- Bohra Agrifilms Private Limited
- Niranjan Surana
- Shilpa Surana
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹20.83 Cr | ₹19.68 Cr | ₹0.82 Cr | ₹20.30 Cr |
| 31 March 2024 | ₹32.90 Cr | ₹29.76 Cr | ₹2.31 Cr | ₹21.02 Cr |
| 31 March 2025 | ₹36.81 Cr | ₹30.75 Cr | ₹4.48 Cr | ₹18.69 Cr |
| 30 September 2025 | ₹25.01 Cr | ₹19.81 Cr | ₹3.75 Cr | ₹19.32 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 34.07% |
| ROCE | 25.29% |
| Debt/Equity | 1.42 |
| RoNW | 34.07% |
| PAT Margin | 12.25% |
| EBITDA Margin | 23.78% |
| Price to Book Value | 2.35 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.68 | 6.38 |
| P/E (x) | 17.24 | 15.37 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding capital expenditure requirements for the purchase of equipment/machinery. | ₹13.60 |
| Funding capital expenditure requirements towards civil construction. | ₹5.88 |
| Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company. | ₹9.37 |
| General Corporate Purposes. | ₹5.64 |
✅Strengths
- Established corrugated packaging manufacturer with long operating track record.
- Diversified product range (3/5/7-ply boxes, printed boxes, rolls, pads & sheets).
- Modern manufacturing setup with automated plant (2022).
- Strategic Jammu location with logistics advantage.
- Significant unutilized capacity enabling future expansion.
- Client presence across FMCG, pharma, food, pesticides & auto sectors.
⚠️Risks
- High dependence on paper as key raw material; supplier concentration risk.
- Single-location manufacturing increases geographical risk.
- Working capital–intensive operations may pressure cash flows.
- Highly competitive and fragmented packaging industry.
- No prior listing history; first-time public issue risk.
Phytochem Remedies IPO Promoter Holding
| Pre-Issue Share Holding | 100.00% |
| Post Issue Share Holding | 66.88% |
Phytochem Remedies IPO Prospectus
Company Contact Information
| Phytochem Remedies (India) Ltd. 220, Ashok Nagar Main Road, Udaipur City, Girwa, Udaipur, Rajasthan, 313001 Phone: +91 294 4577549 Email: cs@phytochem.co.in Website: http://www.phytochem.co.in/ |
Phytochem Remedies IPO Registrar
| Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Phytochem Remedies IPO Lead Manager(s)
| 1. Mefcom Capital Markets Ltd. |
Phytochem Remedies IPO FAQ
| What is Phytochem Remedies IPO? Phytochem Remedies IPO is an SME IPO. The issue is priced at ₹98 per equity share. The IPO is to be listed on BSE SME. |
| When will Phytochem Remedies IPO open? The IPO is to open on 18 December 2025 for NII and Retail Investors. |
| What is Phytochem Remedies IPO Investors’ Portion? The investors’ portion for NII – 50%, and Retail is 50%. |
| What is the Phytochem Remedies IPO Size? Phytochem Remedies IPO size is ₹38.22 Crore. |
| What are the Phytochem Remedies IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,35,200, while the maximum bid is 2400 Shares for ₹2,35,200. |
| What is the Phytochem Remedies IPO Allotment Date? Phytochem Remedies IPO allotment date is 23 December 2025. |
| What is the Phytochem Remedies IPO Listing Date? Phytochem Remedies IPO listing date is 26 December 2025. The IPO is to be listed on the BSE SME. |
