Technichem Organics IPO is set to open on December 31, 2024, and will close on January 2, 2025. The Technichem Organics IPO is a Book Built Issue, aiming to raise approximately ₹25.25 crores. This includes a fresh issue of ₹25.25 crores and an offer for sale of up to [.] equity shares. The face value of each share is ₹10.
Technichem Organics IPO Price band is set between ₹52 to ₹55 per share. The quota allocation is 35% for Retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). Technichem Organics IPO is scheduled to list on BSE on January 7, 2025, with the allotment announcement on January 3, 2025.
The company reported revenue of ₹46.39 crores in 2024, compared to ₹50.36 crores in 2023. It posted a Profit of ₹4.73 crores in 2024, compared to a Profit of ₹1.73 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- Technichem Organics IPO Details
- Technichem Organics IPO Market Lot
- Technichem Organics IPO Dates
- About Technichem Organics
- Promoters of Technichem Organics
- Technichem Organics Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Technichem Organics IPO GMP (Grey Market Premium)
- Technichem Organics Subscription Status
- Technichem Organics Allotment Status
- IPO Registrar
- IPO Lead Managers
- Technichem Organics Contact
- FAQs
Technichem Organics IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Technichem Organics Limited |
| Industry | Specialty Chemicals and Pharmaceutical Ingredients |
| IPO Issue Type | Book Built Issue |
| Open Date | December 31, 2024 |
| Close Date | January 2, 2025 |
| Total Issue Size | Approx ₹25.25 Crores |
| Fresh Issue | Approx ₹25.25 Crores |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹52 to ₹55 Per Share |
| Listing on | BSE SME |
| Lot Size | 2000 Shares Per Lot |
| Offer for Sale | Approx [.] Equity Shares |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Technichem Organics IPO Market Lot
Technichem Organics IPO has a minimum lot size of 2,000 shares, with an amount of ₹1,10,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,10,000 |
| Retail Maximum | 1 | 2,000 | ₹1,10,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,20,000 |
Technichem Organics IPO Dates
Technichem Organics IPO opens on December 31, 2024, and closes on January 2, 2025. The allotment will be announced on January 3, 2025, and the IPO will be listed on January 7, 2025.
| Event | Date |
|---|---|
| IPO Open Date | December 31, 2024 |
| IPO Close Date | January 2, 2025 |
| Basis of Allotment | January 3, 2025 |
| Refunds | January 6, 2025 |
| Credit to Demat Account | January 6, 2025 |
| IPO Listing Date | January 7, 2025 |
About Technichem Organics
Founded in 1996, Technichem Organics Limited brings over 25 years of expertise in manufacturing chemicals, pyrazoles, pyrazolone, specialty chemicals, and pigments for industries like pharmaceuticals, agriculture, coatings, and dyes. Operating in 11 countries, the company stays ahead by understanding global market trends and adapting swiftly. With a team known for precision and commitment to protocols, Technichem ensures consistent quality in every process.
Led by promoters Mr. Bharat Jayantilal Pandya and Mr. Anil Jayantilal Pandya, the company excels in leadership, innovation, and efficient operations management. Its state-of-the-art facilities, spanning 26,079 square meters across three factory plants, boast an impressive manufacturing capacity of 950,000 kg per year, adhering to strict quality standards and industry best practices.
Promoters of Technichem Organics
- MR. Bharat Jayantilal Pandya
- MR. Pandya Anilkumar Jayantilal
Technichem Organics Financial Report
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 5,743.17 | 5,247.32 | 4,424.63 | 4,416.56 |
| Revenue | 1,487.89 | 4,696.84 | 5,101.97 | 6,778.63 |
| Profit After Tax | 140.46 | 472.68 | 172.93 | 342.06 |
| Net Worth | 2,102.5 | 1,962.04 | 1,489.36 | 1,316.43 |
| Reserves and Surplus | 829.37 | 1,707.42 | 1,234.74 | 1,061.81 |
| Total Borrowing | 1,658.31 | 1,763.94 | 1,562.15 | 1,017.26 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.39% |
| ROCE | 22.57% |
| EBITDA Margin | 20.54% |
| PAT Margin | 10.19% |
| Debt to equity ratio | 0.90 |
| Earning Per Share (EPS) | ₹3.71 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 24.09% |
| s | ₹15.41 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Ami Organics Limited | 11.91 | 108.93 | 6.47% | 183.05 | – Cr. |
| Anupam Rasayan India Limited | 10.84 | 72.12 | 4.29% | 249.26 | – Cr. |
| Chemcrux Enterprises Ltd | 5.70 | 35.95 | 12.60% | 48.79 | – Cr. |
Objective of the Issue
- The funds will be used for setting up a new manufacturing unit, “Plant-4”, repaying or reducing existing loans and borrowings, and supporting general corporate activities to drive business growth.
Technichem Organics IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Technichem Organics, please visit the IPO GMP page.
Technichem Organics Subscription Status
This IPO subscription kicks off on December 31, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Technichem Organics Allotment Status
To check Technichem Organics IPO allotment status, visit the IPO register website Bigshare or go to the IPO Allotment page.
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
IPO Lead Managers
SHRENI SHARES LIMITED
No. 217, Hive 67 Icon, Poisar Gymkhana Road,
Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai – 400067, Maharashtra
Phone: 022 – 2089 7022
Email: shrenishares@gmail.com
Website: www.shreni.in
Technichem Organics Contact
TECHNICHEM ORGANICS LIMITED
5th Floor, Malak Complex, Behind Old Gujarat High Court,
Navrangpura, Ahmedabad, Gujarat-380009, India
Phone: +91-79-27543722
E-mail: investors@technichemorganics.com
Website: www.technichemorganics.com
FAQs
What is Technichem Organic’s IPO?
Technichem Organic’s IPO is an SME IPO. The company aims to raise ₹25.25 crores through the issue, with a price range of ₹51 to ₹54 per equity share. The IPO will be listed on the BSE.
When will Technichem Organic’s IPO open for subscription?
The IPO will open on December 31, 2024, for QIB, NII, and Retail Investors, and it will close on January 2, 2025.
What is Technichem Organic’s IPO Investors Portion?
The investor allocation is 50% for QIB, 15% for NII, and 35% for Retail Investors.
How to Apply for Technichem Organic’s IPO?
You can apply for Technichem Organic’s IPO online via ASBA through your bank account or UPI through your stock brokers. You can also apply offline by filling out the application form through your stock broker.
What is Technichem Organic’s IPO Issue Size?
The Technichem Organic’s IPO issue size is ₹25.25 crores.
Note: Technichem Organic’s IPO price band and date have been officially announced. Technichem Organic’s IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
Stay updated with the latest IPO news on Bapukhabar. Explore key pages like IPO GMP for the latest (Grey Market Premium) GMP on IPO, IPO Listing for recent and upcoming listings on NSE & BSE, IPO Subscription for real-time subscription data, IPO Allotment to check your allotment status, IPO Forms for application details, and SME IPO for updates on Small and Medium Enterprise IPOs.
Follow us on Instagram, Facebook, and Twitter for instant updates and more!
