Mumbai, Sept. 7 -- The scrip was listed at Rs 56, a 3.70% premium to the initial public offer (IPO) price. The stock is currently up 1.61% over its listing price.

The counter hit a high of Rs 58.50 and a low of Rs 54.50. About 11.20 lakh shares of the company changed hands at the counter.

Phychem Technologies' IPO was subscribed 19.38 times. The issue opened for bidding on 31 August 2026 and it closed on 2 September 2026. The price band of the IPO was fixed between Rs 51 to Rs 54 per share.

The IPO comprised fresh issue of 19,38,000 equity shares. The company intends to utilize the net proceeds from the issue towards part funding the capital expenditure towards setting up a new facility for manufacturing of sodium meta bisulphite, sodi...