Phytochem Remedies (India) IPO

About Phytochem Remedies IPO

The offer consists of a fresh issue. The fresh issue will include 39,00,000 shares of ₹38.22 crores. The total number of shares and aggregate amount is 39,00,000 shares (aggregating up to ₹38.22 crores).

Phytochem Remedies’ issue price is set at ₹98 per share. The lot size for an application is 1200. The minimum amount of investment required by an individual investor (retail) is ₹2,35,200.00 (2,400 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,52,800.

The Phytochem Remedies IPO opens on Thursday, Dec 18, 2025 and closes on Monday, Dec 22, 2025. The allotment of shares will take place on Tuesday, Dec 23, 2025. The credit of shares to the demat account will take place on Wed, Dec 24, 2025. The initiation of refunds will take place on Wed, Dec 24, 2025. The listing of shares will take place on Fri, Dec 26, 2025.

Phytochem Remedies is one of the leading manufacturers of high-quality corrugated boxes including printed, rolls, pads, sheets etc., offering customized packaging solutions to meet the specific requirements of its clients. Incorporated in 2002, the company initially focused on development and planning, with manufacturing operations commencing in 2014. Since then, the company has grown significantly and is leveraging its state-of-the-art manufacturing facilities.

Objectives of Phytochem Remedies IPO

• Funding capital expenditure requirements for the purchase of equipment/machineries.
• Funding capital expenditure requirements towards civil construction.
• Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company.
• General Corporate Purpose.

Industry Outlook

The packaging industry in India has emerged as a key sector within the country's economy and is increasingly becoming a global hub for packaging solutions. Currently ranked as the 5th largest sector in India's economy, the industry has demonstrated consistent growth over the years and holds immense potential, particularly in the export market. It is estimated that the Indian packaging industry accounts for approximately 10 to 15% of the global packaging industry. According to the Packaging Industry Association of India (PIAI), the India Packaging Market, valued at USD 5050 crores in CY 2019, is estimated to have reached USD 8500 crores by CY 2024, experiencing a compounded annual growth rate of 11% from CY 2019 to CY 2024.

Phytochem Remedies Company Information

Phytochem Remedies is one of the leading manufacturers of high-quality corrugated boxes including printed, rolls, pads, sheets etc., offering customized packaging solutions to meet the specific requirements of its clients. The company specialises in manufacturing corrugated boxes and supplies to various sectors (Source: D&B Report). It operates from its strategically located manufacturing units in Bari Brahmana, Jammu, which provide significant logistical advantages. Over the years, the company has expanded its reach and built a strong regional presence in Jammu, India while also establishing a marketing and distribution network across multiple states (Source: D&B Report).

With over 30 years of combined experience in the manufacturing sector, the leadership team brings a deep understanding of industry challenges, particularly for MSMEs.

Strengths of Phytochem Remedies

• Long-standing relationships with a stable customer base.
• Track record of consistent financial performance and growth.
• Well established manufacturing facility with a focus on sustainability and readiness for expansion and technology advancement.
• Well-diversified product portfolio with wide industry applications.
• Strategic geographical location.

Risks of Phytochem Remedies

• Dependent on a limited number of customers for the majority of their revenue from operations.
• Do not have continuing or exclusive arrangements with any of their suppliers of materials and other material inputs.
• Their operations are subject to various regulatory approvals and compliance requirements.
• The occurrence of natural or man-made disasters.
• Manufacturing operations are subject to various risks and uncertainties.
• Reliance on third-party logistics providers.

Source: All the financial information for listed industry peer mentioned above is on a standalone basis and is sourced from the filings made with Stock Exchanges available on https://www.bseindia.com/? and https://www.nseindia.com/ as well as from Industry Report received from Dun & Bradstreet.

Notes: i. P/E Ratio has been computed based on the closing market price of equity shares on November 28, 2025 divided by the Basic EPS as on March 31, 2025.

ii. Return on Net Worth (%) = Net profit after tax, as restated / Net worth as restated as at period/year end.

iii. Net worth means the aggregate value of the paid up share capital of the Company and all reserves created out of profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, miscellaneous expenditure not written off, as per the restated balance sheet, but does not include reserves created out of revaluation of assets, capital reserve, foreign currency translation reserve, write-back of depreciation as at period /year end, as per Restated Financial Statement of Assets and Liabilities of the Company.

iv. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares

Anchor Investor Bidding Date: 17-Dec-2025

Registrar: Bigshare Services Private Limited Book Running Lead Managers: Mefcom Capital Markets Limited

Phytochem Remedies Business Model

The company earns its revenue through the following:

• Manufacturing high-quality corrugated boxes including printed, rolls, pads, sheets etc.
• Offering customized packaging solutions to meet the specific requirements of their clients.

Phytochem Remedies Growth Trajectory

Total Income for the company was ₹36.810 crores, ₹32.897 crores, and ₹20.826 crores for Fiscals 2025, 2024 and 2023, respectively.

Profit After Tax was ₹4.477 crores, ₹2.311 crores and ₹0.819 crores for Fiscals 2025, 2024 and 2023, respectively.

EBITDA has consistently increased and was ₹8.690 crores, ₹5.881 crores and ₹2.912 crores for Fiscals 2025, 2024 and 2023, respectively.

Phytochem Remedies Market Position

Phytochem Remedies’ key customers include Cadila Pharmaceuticals Limited, UPL Sustainable Agri Solutions Limited, Coromandel International Limited, Anantjeet Nutriments LLP, Dhanuka Agritech Limited and Ultimate Flexipack Limited.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹36.810 crores, ₹5.477 crores, and ₹8.690 crores, respectively.

How to apply for Phytochem Remedies IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.