The anchor portion will open and shut on July 24. The difficulty will shut on July 29. The anticipated allotment date and credit score to demat accounts is on or earlier than July 31. The itemizing date is August 1 and shall be listed on BSE SME.
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The share allocation for Certified Institutional Patrons (QIB, together with Anchor) is 33,16,800 shares, for Non-Institutional Buyers (NII) is 9,98,400 shares, for Retail Particular person Buyers is 23,31,200 shares and for market maker is 3,53,600 shares.
The lead managers are Cumulative Capital Non-public Restricted and Unistone Capital Non-public Restricted. The registrar to the difficulty is MUFG Intime India Non-public Restricted (previously Hyperlink Intime India Non-public Restricted).
IPO proceeds use
The utilization of web proceeds shall be for funding capital expenditure requirement of our firm, to arrange plant at Indrad, Mahesana for manufacturing Croscarmellose Sodium, Sodium Starch Glycolate – Corn Starch Base & Potato Starch Base and Calcium Carboxymethylcellulose (CMC), for common company functions, and for issue-related bills.
“The IPO proceeds will gasoline our strategic growth and strengthen our presence in each home and worldwide markets. With a rising portfolio of pharmaceutical excipients and exports to over 15 nations, we’re dedicated to well timed and customised supply by way of our superior amenities in Vatva and Talod. The upcoming facility at Indrad, Mehsana will assist us meet rising demand for key merchandise like CCS, SSG, and Calcium CMC, and help our give attention to innovation and customer-driven options,” stated Bhupesh Patel, Managing Director of Patel Chem Specialities.
“We’re proud to accomplice with Patel Chem Specialities Restricted for his or her IPO journey. The corporate’s robust basis in pharmaceutical excipients, backed by a seasoned management group and sturdy export footprint, positions it properly for sustainable development in a world market that’s more and more leaning on dependable, high-quality substances. This providing marks an vital milestone not only for the corporate, however for buyers in search of worth in a quickly evolving pharmaceutical ecosystem. With the upcoming facility in Indrad, their scale and innovation potential are set to develop meaningfully,” stated Swapnilsagar Vithalani, Co-founder and Director, Cumulative Capital Non-public.
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About Patel Chem Specialities
Established in 2008, Patel Chem Specialities Restricted is a number one producer of cellulose- and starch-based pharmaceutical excipients and is understood for its dedication to world high quality requirements, in keeping with a press launch.
The corporate’s merchandise are integral to drug formulation processes and adjust to world high quality benchmarks. With a devoted in-house R&D facility and an skilled technical group, the corporate presents personalized, cost-effective, and revolutionary specialty chemical options throughout various functions.
As of FY25, the corporate has an put in manufacturing capability of seven,200 MT per 12 months, with a capability utilization price of 89%.
In FY25, the corporate reported a robust efficiency with Working Income of Rs 105.09 crore, EBITDA of Rs 15.27 crore with Web Revenue of Rs 10.57 crore.