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(26/08/2026 14:50)

Phychem Technologies announces launch of initial public offering

Phychem Technologies Ltd. has announced public offering of 2700000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 44.00 per share. The gross proceeds of the issue are expected to be Rs 1,458.00 lakhs.

The company's initial public offer (IPO) will open on 31 August 2026 and is expected to close on 02 September 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 51.00-54.00 per share.

The IPO includes a fresh Issue of 2700000 Equity Shares of the Company at an price of Rs 54.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Phychem Technologies Ltd. anticipates using the proceeds of the issue for .

Hem Securities Limited as lead manager & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
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