Chemkart India Limited IPO

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Chemkart India Limited is a Mumbai-based nutraceutical company offering a diverse range of nutritional, health, and sports supplement products. Positioned as a one-stop B2B solution, Chemkart primarily supplies ingredients to manufacturers of finished supplements such as vitamins, proteins, health and sports supplements.

Business Model

Chemkart targets the B2B segment, building long-term relationships with health supplement manufacturers. The company specializes in amino acids and operates under seven major product categories: Amino Acids, Health Supplements, Herbal Extracts, Nucleotides, Proteins, Sports Nutrition, and Vitamins.

Product Portfolio

The company provides ingredients essential for formulating finished health and dietary supplements. Major processed raw materials include:

i) L-Leucine Instant
ii) L-Isoleucine
iii) L-Valine
iii) L-Lysine HCL
iii) DL-Methionine
These materials are processed into blends and powders through in-house blending and grinding facilities to suit customer-specific needs.

Geographical Presence

Chemkart India Limited generates a significant share of its revenue from Maharashtra, Gujarat, and Delhi—contributing approximately 77.71% in FY23, 66.55% in FY24, and 56.97% in FY25. While the company’s current international sales are limited, it aims to gradually expand its footprint into global markets.

Competitive Strengths

i) Diversified Product Portfolio across 7 categories
ii) In-House Processing Capabilities with advanced blending and grinding units
iii) Strong B2B Relationships ensuring consistent repeat business
iv) Quality Assurance through third-party verified standards

Future Outlook

Chemkart aims to expand its reach beyond its core markets and increase its presence in global nutraceutical trade. With its scalable infrastructure and diverse product offerings, the company is well-positioned to tap into growing health-conscious consumer trends globally.

Objects of the Chemkart India Limited IPO:

The Company proposes to utilize the Net Proceeds towards funding the following objects: a) Financing the capital expenditure towards setting up of the Manufacturing Facility through investment in our WhollyOwned Subsidiary (₹34.68 cr) b) Repayment/prepayment of all or certain of our borrowings availed of by our Company (₹20 cr) c) General corporate purposes.

Chemkart India Limited IPO Details:

Open Date: Jul 07 2025
Close Date: Jul 09 2025
Total Shares: 32,29,200
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 80.08 Cr.
Lot Size: 600 Shares
Issue Price: ₹ 236 to 248 Per Equity Share
Listing At: BSE SME

Promoters And Management:

1. Mr. Ankit Shailesh Mehta (Chairman & Managing Director) – Aged 34, holds a B.Tech and MBA in Technology Management. He has 11 years of experience in toy production and 4 years in nutraceuticals. He leads strategic growth and innovation across multiple ventures including Profoods Nutrition, Easy Raw Materials, and Vinstar Biotech. 2. Ms. Parul Shailesh Mehta (Executive Director) – Aged 64, holds a B.Sc. and a certificate in Medical Lab Technology. With 9 years in the nutraceutical industry, she drives brand strategy, market leadership, and client engagement across Profoods Nutrition, Easy Raw Materials, and Vinstar Biotech. 3. Mr. Shailesh Vinodrai Mehta (Executive Director) – Aged 66, a commerce graduate with 17 years in chemicals and 6 months in nutraceuticals. He oversees business expansion, quality control, and strategic growth. Associated with Chemical Scientific Centre and joined the company’s board in July 2024.

Financials of Chemkart India Limited IPO:

Particulars FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations 203.27 132.02 131.37
EBITDA 32.76 20.91 11.04
EBITDA Margins 16.12% 15.84% 8.41%
PAT 24.25 14.52 7.66
PAT Margins 12.00% 11.00% 6.00%
ROCE 49.00% 51.00% 43.00%
Debt to Equity Ratio(In Times) 0.32 0.43 0.78
Operating Cash Flows 3.96 -0.023 0.059

Comparison With Peers:

As per RHP  Their is NO listed Peers of the Company .

Lead Manager of Chemkart India Limited IPO:

  1. Smart Horizon Capital Advisors Private Limited

Registrar of Chemkart India Limited IPO:

  1. Bigshare Services Private Limited

Discussion on Chemkart India Limited IPO:

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