Neochem Bio Solutions Ltd IPO
Chemicals
Price Band
₹93 – ₹98
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹235200
Issue Size
₹44.97Cr
Opens
2025-12-02
Closes
2025-12-04
Listing
09-12-2025
Subscription Status
Qualified Institutional Buyers
20.15 x
Non-Institutional Investor
15.86 x
Retail Individual Investor
8.8 x
Total
13.7 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE21UM01018
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Neochem Bio Solutions Limited is involved in the manufacturing of speciality performance chemicals and has operated in this field for over four decades. The company produces more than 350 formulations across polymers, surfactants, silicones, and esters, including bio-based solutions. Its products serve multiple industries, such as textiles and garment washing, home and personal care, institutional and industrial cleaning, water treatment, construction, paints and coatings, paper and pulp, rubber, and dyes and pigments. The company’s offerings include textile and garment auxiliaries, dispersant polymers, anti-foams, surfactants, silicone emulsions, rheology modifiers, water-treatment formulations, and additives for paints, coatings, and industrial cleaning. Neochem Bio operates a manufacturing facility at Sanand, Ahmedabad, with an installed capacity of 22,000 MTPA. The unit handles liquid and powder chemistries and is supported by warehousing and an in-house research and development (R&D) laboratory with application testing capabilities.
Pros
- • The company operates an integrated manufacturing facility in Ahmedabad, enabling in-house production of key intermediates, such as polymer dispersants, bio-based esters, silicones, and surfactant-based formulations. This structure allows them to use a significant portion of these intermediates in downstream formulations, providing tighter control over input quality and production processes.
- • Neochem Bio Solutions claims to have a 22,000 MTPA manufacturing facility designed to handle both liquid and powder chemistries across varied batch sizes. The plant’s partially automated and modular setup allows the company to shift between small trial batches and larger commercial volumes without major reconfiguration.
- • With over 40 years of operations, the company states that it has developed expertise in performance chemicals used in textiles, home and personal care, institutional cleaning, water treatment, coatings, paper, rubber, and dyes. It reports offering more than 350 customised formulations across polymers, surfactants, silicones, esters, and bio-based solutions tailored to specific industrial applications.
Cons
- • The textile industry contributed Rs 35.30 crore (77.03%), Rs 71.75 crore (85.24%), Rs 54.58 crore (90.75%), and Rs 43.84 crore (95.92%) to the company’s revenue in the period ended September 30, 2025, FY25, FY24, and FY23, respectively. Any adverse movement in textile processing demand may materially affect revenue, margin stability, and overall business performance.
- • The company’s top 10 customers contributed Rs 25.25 crore (55.09%), Rs 38.04 crore (45.19%), Rs 21.75 crore (36.16%), and Rs 17.84 crore (39.03%) in the period ended September 30, 2025, FY25, FY24, and FY23, respectively. Any failure to retain these key customers, expand the customer base, or loss of business from these clients can adversely affect the company’s business and financial standing.
- • All production activities are carried out at a single manufacturing facility in Moraiya, Ahmedabad. Any adverse political, social, or economic developments in this region could hurt the company’s business and finances.
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