Neochem Bio Solutions Limited IPO
Neochem Bio Solutions Limited is a specialty performance chemical manufacturer with a legacy of more than four decades. The company develops over 350 customized formulations across four product categories—Polymers, Surfactants, Silicones and Esters & Bio-based Sustainable Solutions. Its solutions cater to a wide range of industries such as textile and garment washing, home & personal care, institutional and industrial cleaners, water treatment, paints and coatings, paper & pulp, construction, rubber and dyes & pigments.
Product Portfolio & Industry Applications
Neochem offers a diversified solution-based portfolio, including:
1. Textile and garment washing auxiliaries used in pre-treatment, dyeing, finishing, printing and coating.
2. Specialty performance chemicals for home and personal care such as dispersant polymers, anti-foams, silicone emulsions, and surfactants.
3. Water treatment products including anti-scalants, dispersants, anti-foams, de-colorants and flocculants.
4. Additives for paints and coatings, such as acrylic dispersants, wax-emulsion modifiers and acrylic emulsions.
5. Formulated solutions for institutional and industrial cleaning, including laundry, kitchen and personal hygiene applications.
Manufacturing Facility
The company’s production unit is located at Saket Industrial Estate, Moraiya (Sanand), Ahmedabad, with an installed capacity of 22,000 MTPA. The facility is designed for flexible batch manufacturing of liquid and powder-based chemistries and supported by storage capacity of approximately 1,350 MT. The partially automated plant enables efficient and sustainable production.
R&D and Sustainability Focus
Neochem’s product development is supported by an in-house R&D laboratory and Application Research Center, equipped with advanced testing infrastructure. The company focuses on sustainable chemistry and bio-based solutions tailored to customer requirements, enabling innovative product customization and environmentally compliant formulations.
Sales & Distribution Network
The company supplies products directly to customers and through a network of 50+ authorised distributors across India and a reselling agent, Neochem Specialties, owned by the promoter. It also exports products directly to global customers. In India, the company served 254 clients in FY 2024 and continues to expand its customer base across industries and geographies.
Objects of the Neochem Bio Solutions Limited IPO:
Neochem Bio Solutions Limited IPO Details:
| Open Date: | Dec 02 2025 |
| Close Date: | Dec 04 2025 |
| Total Shares: | 45,88,800 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 44.97 Cr. |
| Lot Size: | 1200 Shares |
| Issue Price: | ₹ 93-98 Per Equity Share |
| Listing At: | NSE Emerge |
| Listing Date: | Dec 09 2025 |
Promoters And Management:
Financials of Neochem Bio Solutions Limited IPO:
| Particulars | 6M FY2025-26 | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 45.83 | 84.17 | 61.14 | 48.18 |
| EBITDA (Cr) | 8.59 | 13.11 | 5.99 | 4.22 |
| EBITDA Margins | 18.75% | 15.58% | 9.80% | 8.77% |
| PAT (Cr) | 5.48 | 7.75 | 1.8 | 1.07 |
| PAT Margins | 11.62% | 9.00% | 2.91% | 2.20% |
| ROCE | 22.84% (not annualized) | 41.67% | 21.46% | 17.46% |
| OPerating Cash Flow | -7.68 | 2.59 | 1.96 | -0.74 |
| D/E Ratio | 1.2 | 1.8 | 2.78 | 3.26 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
| Neochem Bio Solutions Limited | 84.17 | 15.58% | 9.00% | 41.67% | 1.8 | 167.78 | 21.65 |
| Rossari Biotech Limited | 2080 | 13% | 6.54% | 15.80% | 0.28 | 3318 | 24.30 |
| Indian Emulsifiers Limited | 101 | 19% | 12.87% | 23.60% | 0.35 | 193 | 11.60 |
| NOTE:Forward P/E 15.30 is According to FY 2026 PAT | |||||||
Lead Manager of Neochem Bio Solutions Limited IPO:
Registrar of Neochem Bio Solutions Limited IPO:
Discussion on Neochem Bio Solutions Limited IPO:
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