Patel Chem Specialities Concludes Anchor Book Allocation Ahead of IPO

In a significant financial maneuver, Patel Chem Specialities Limited completed its anchor book allocation well before its Initial Public Offering (IPO), scheduled for July 25, 2025. The company, a noted producer of cellulose- and starch-based pharmaceutical excipients, brought on board a group of eight prominent anchor investors as part of this strategic move.

Taking the lead in this allocation, Bengal Finance & Investment Private Limited was allotted 5,96,800 equity shares, valued at ₹5.01 crore. This allocation accounts for 30.03% of the entire anchor portion, marking it as a pivotal participant in this process. Other notable investors include Meru Investment Fund PCC, Arnesta Global Opportunities Fund, and Zeal Global Opportunities Fund, among others.

The shares were priced at ₹84 each, which includes a ₹74 premium, for a total of 19,87,200 equity shares allocated to these investors. The strategic planning and execution of this allocation were spearheaded by Cumulative Capital Private Limited. Co-founder and Director, Swapnilsagar Vithalani, highlighted the firm's role in aligning long-term capital with companies demonstrating high growth potential. He emphasized Patel Chem's robust business model and potential for expansion. The successful anchor allocation sets the stage for Patel Chem's continued growth and value creation.

(With inputs from agencies.)