Patel Chem Specialities Ltd IPO

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Patel Chem Specialities Limited operates in the field of specialty chemicals, with a strategic focus on the manufacturing of cellulose-based excipients. These excipients are essential ingredients in the pharmaceutical, food & beverage, cosmetics, and industrial sectors, where they serve functional roles such as binders, disintegrants, thickeners, stabilizers, and gelling agents.

The company has carved a niche in the cellulose chemistry space with a well-diversified product portfolio that includes:

i. Carboxymethyl Cellulose Sodium (Sodium CMC) – marketed under the brand Rheollose®, used in pharma, F\&B, cosmetics, and oil drilling.

ii. Microcrystalline Cellulose (MCC) – used as a bulking agent and binder, branded as Hindcel®.

iii. Sodium Starch Glycollate (SSG)
– available in corn (BlowTab® C) and potato-based (BlowTab® P) forms, widely used as tablet disintegrants.

iv. Croscarmellose Sodium – branded as Disolwell, a super disintegrant for oral formulations.

v. Carboxymethyl Cellulose Calcium (CMC Calcium) – marketed as Swellcal, used as a disintegrant in nutritional and pharma applications.

vi. Sodium Monochloro Acetate (SMCA)
 – a key input in manufacturing various chemical intermediates and drug substances.

Global Presence

Patel Chem Specialities has established a global footprint, exporting its products to over 15 countries, including the USA, Germany, UK, Japan, China, and Australia. The company adheres to stringent global quality standards such as US-DMF, GMP, ISO 9001:2015, positioning itself as a preferred supplier to regulated markets.

Strategic Positioning

Patel Chem Specialities Limited has successfully positioned itself as a quality-driven, export-focused, and innovation-led manufacturer in the cellulose-based specialty chemical industry. Its ability to deliver value-added excipients that comply with international regulatory requirements makes it a reliable partner for pharmaceutical and nutraceutical manufacturers worldwide.

Objects of the Patel Chem Specialities Ltd IPO:

IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Funding capital expenditure requirement of the Company. ii. General corporate purposes. Total number of share issue :- i. Reserved for Market Maker is 3,53,600 shares, ii. Net Offered to Public is 66,46,400 shares.

Patel Chem Specialities Ltd IPO Details:

Open Date: Jul 25 2025
Close Date: Jul 29 2025
Total Shares: 70,00,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 58.80 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 82 - 84 Per Equity Share
Listing At: BSE SME
Listing Date: Aug 01 2025

Promoters And Management:

Bhupesh Patel, aged 51, is the Managing Director and founder promoter of the Company. A Chemical Engineering diploma holder, he brings over 30 years of experience in the pharmaceuticals and nutraceuticals industry. He played a key role in establishing the manufacturing plant and currently leads offshore marketing, product development, and strategic initiatives. Anshu Patel, aged 49, is the Whole-Time Director of the Company. A graduate in Homeopathic Medicine, she has over 10 years of experience in the pharmaceuticals and nutraceuticals industry. She leads strategic planning and oversees key functions including administration, finance, HR, and banking. Her efforts have been crucial in managing the Company's financial needs and supporting its overall growth. Vini Patel, aged 25, is the Non-Executive Director of the Company. She holds a Master’s degree in Molecular Pharmacology and Toxicology from the University of Southern California (2024) and has four years of experience in the pharmaceuticals and nutraceuticals industry. She plays an active role in managing international markets and supporting the Company’s global expansion initiatives.

Financials of Patel Chem Specialities Ltd IPO:

Particulars FY 2024-25 FY 2023-24 FY 2022-23
Revenue from Operations 105.08 82.36 69.39
EBITDA 15.79 12.02 5.82
EBITDA Margins 14.97% 14.53% 8.35%
PAT 10.56 7.65 2.88
PAT Margins 10.01% 9.26% 4.14%
ROCE 36.26% 45.06% 32.83%
Debt to Equity Ratio 0.42 0.79 0.99
Operating Cash Flows 1.89 6.08 1.96

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
PATEL CHEM SPECIALITIES LIMITED 105.08 14.97% 10.01% 36.26% 0.42 208.9 19.78
Sigachi Industries Limited 488 20% 14.40% 15.80% 0.2 1,535 22.1
Accent Microcell Limited 265 16.00% 12.50% 23.70% 0.01 650 19.6

Recommendation on Patel Chem Specialities Ltd IPO:

To be updated shortly.

Lead Manager of Patel Chem Specialities Ltd IPO:

  1. Cumulative Capital Private Limited
  2. Unistone Capital Pvt Ltd

Registrar of Patel Chem Specialities Ltd IPO:

  1. MUFG Intime India Private Limited

Company Address:

Patel Chem Specialities Ltd. Plot No. 272/4-5, Phase II, G.I.D.C Industrial Estate, Vatva Road Ahmedabad, Gujarat, 382445 Phone: 91- 9712999854 Email: cs@patelchem.com Website: http://www.patelchem.com/

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