Patel Chem Specialities IPO Subscribed Nearly 18 Times Ahead Allotment

The Patel Chem Specialities IPO, a Rs 58.8 crore SME public issue, has garnered significant investor interest, with a massive 17.96 times subscription reported by July 28, 2025. The IPO, which opened on July 25 and closes on July 29, features a price band of Rs 82 to Rs 84 per share, with a minimum lot size of 3,200 shares, amounting to an application amount of approximately Rs 2.68 lakh. Retail investors led the subscription at over 30 times their reserved quota, while non-institutional and qualified institutional investors subscribed 13.41 and 1.01 times their allocations, respectively. Investors can check their IPO allotment status via the MUFG Intime registrar website, the BSE website, or through their Demat or bank accounts, with allotment results expected on July 30, 2025. The company, established in 2008, is a prominent manufacturer and exporter of pharmaceutical excipients and specialty chemicals, serving markets in East Asia, Europe, the Middle East, North America, and Southeast Asia, with plans to use IPO proceeds for capital expenditure and general corporate purposes. The IPO is managed by Cumulative Capital Pvt. as book-running lead manager, with MUFG Intime India Pvt. acting as registrar and Globalworth Securities Ltd. as market maker.