Phytochem Remedies IPO Last Day: GMP At Zero; Issue Receives 0.23x Subscription So Far

Phytochem Remedies IPO GMP: The initial public offering (IPO) of Phytochem Remedies Ltd, a manufacturer of corrugated boxes, is going to close today, Monday, December 22. The price of the Rs 38.22-crore

IPO has been fixed in the range of Rs 98. Till 10:00 am on the final day of bidding on Monday, the IPO received a total of 0.23x times subscription, garnering bids for 8,70,000 shares as against 37,03,200 shares on offer.

Its retail category got a 0.27x subscription, while its non-institutional investor (NII) quota got a 0.20x subscription.

Phytochem Remedies IPO GMP Today

According to market observers, unlisted shares of Phytochem Remedies Ltd are currently trading at Rs 98 apiece in the grey market, which is a zero premium against the issue price of Rs 98. It indicates flat or negative listing. Its listing will take place on December 26.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Phytochem Remedies IPO: More Details

Phytochem Remedies (India) Limited is launching a fixed-price IPO worth ₹38.22 crore, comprising a fresh issue of 0.39 crore equity shares. The issue opens for subscription on December 18, 2025, and will close on December 22, 2025. The basis of allotment is expected to be finalised on December 23, with the stock slated to make its debut on the BSE SME platform on December 26, 2025.

The IPO has been priced at ₹98 per share, with a lot size of 1,200 shares. Retail investors are required to apply for a minimum of two lots, translating into an investment of ₹2.35 lakh, while high-net-worth individuals must bid for at least three lots, amounting to ₹3.53 lakh.

Incorporated in 2002, the Jammu-based company manufactures corrugated boxes and corrugated board products used across sectors such as food and beverages, FMCG, pharmaceuticals, pesticides and automobiles. Phytochem Remedies operates two manufacturing units in Bari Brahmana, Jammu, with a combined allocated area of over 2.16 lakh square feet, of which a portion is currently under utilisation.

On the financial front, the company reported a 12 per cent growth in revenue and a sharp 94 per cent jump in profit after tax in FY25 compared with the previous year.

Mefcom Capital Markets is acting as the book-running lead manager for the issue, while Bigshare Services is the registrar. Aftertrade Broking has been appointed as the market maker.