ListedSMEPlastic ProductsPHYCHEM

Phychem Technologies IPO

Phychem Technologies IPO is an SME IPO raising ₹15 Cr at ₹51 – ₹54 a share. It listed on 7 Sept 2026 at ₹56, +3.7% against its issue price of ₹54, and trades at ₹52 today (−3.8% since issue). It was subscribed 19× in total.

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₹54

Issue price

₹52

Price now

−3.8%

Since issue price

7 Sept 2026

Listed on

19×Subscribed (final) · all exchanges

19.4 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Who bid for it

Investor category	Shares offered	Shares bid for	Subscribed
QIB Banks, funds and other large institutions	5,10,000	22,00,000	4.31×
Others	no separate quota	22,00,000	n/a
Foreign Institutional Investors	no separate quota	—	n/a
Domestic Financial Institutions	no separate quota	—	n/a
Mutual Funds	no separate quota	—	n/a
Non-institutional Wealthy individuals and companies bidding above ₹2 lakh	5,28,000	1,66,78,000	32×
Corporates	no separate quota	6,46,000	n/a
Individuals	no separate quota	1,54,60,000	n/a
Others	no separate quota	5,72,000	n/a
Retail Ordinary investors bidding up to ₹2 lakh	9,00,000	1,86,84,000	21×
Cut Off	no separate quota	—	n/a
Price Bids	no separate quota	1,86,84,000	n/a
Employee Reserved	no separate quota	0	n/a
Employee	no separate quota	—	n/a
Employee	no separate quota	—	n/a
Reservation PortionShareholder	no separate quota	0	n/a
RPS	no separate quota	—	n/a
RPS	no separate quota	—	n/a
Total	19,38,000	3,75,62,000	19×

Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 3 Sept, 03:20 pm IST.

How demand built

Our own series — the exchanges publish a running total and never a history.17 readings held.

31 Aug, 12:15 pm1.11×

31 Aug, 01:15 pm1.18×

31 Aug, 05:15 pm1.26×

1 Sept, 11:15 am1.47×

1 Sept, 12:15 pm1.57×

1 Sept, 01:15 pm1.64×

1 Sept, 02:15 pm1.68×

1 Sept, 03:15 pm1.74×

1 Sept, 04:15 pm1.89×

1 Sept, 05:15 pm2.05×

2 Sept, 11:15 am2.63×

2 Sept, 12:06 pm3.14×

2 Sept, 01:06 pm3.81×

2 Sept, 02:06 pm5.47×

2 Sept, 03:06 pm11×

2 Sept, 04:06 pm20×

2 Sept, 05:06 pm20×

Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.