Phytochem Remedies IPO Closes Today: Zero GMP, Under-Subscribed

• Phytochem Remedies IPO closes today, December 22, with a fixed price of Rs 98 per share for its Rs 38.22 crore issue.
• The IPO has received 0.52x subscription overall, with retail at 0.75x and NII at 0.29x as of 03:05 pm.
• Grey Market Premium (GMP) for Phytochem Remedies is zero, indicating a potential flat or negative listing on December 26.
• The company, incorporated in 2002, manufactures corrugated boxes and reported 12% revenue growth and 94% profit jump in FY25.
• Minimum retail investment is Rs 2.35 lakh for 2 lots (2,400 shares), with listing expected on BSE SME.

Why It Matters: Phytochem Remedies IPO closes today with low subscription and zero GMP, signaling a cautious market outlook.