The Technichem Organics IPO is being structured as a book-built issue of ₹25.25 crores. A total of 45.90 lakh shares are being issued entirely as a fresh offering.
The subscription period for the Technichem Organics IPO is scheduled to open on December 31, 2024, and close on January 2, 2025. The allotment of shares is expected to be finalized on Friday, January 3, 2025. The listing of Technichem Organics IPO is planned on the BSE SME, with a tentative listing date set for Tuesday, January 7, 2025.
The price band for the Technichem Organics IPO has been set at ₹52 to ₹55 per share. A minimum lot size of 2,000 shares is required for applications. For retail investors, a minimum investment of ₹1,10,000 is required. For HNIs, an investment of at least 2 lots (4,000 shares), amounting to ₹2,20,000, is necessitated.
Get the Technichem Organics IPO RHP for detailed information.
| IPO Date | December 31, 2024 to January 2, 2025 |
| Listing Date | January 7, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 52 to ₹ 55 / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | ₹25.25 Cr |
| Fresh Issue | ₹25.25 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,27,31,250 |
| Share holding post issue | 1,73,21,250 |
| Market Maker portion | 2,52,000 |
Technichem Organics Limited IPO opens on December 31, 2024, and closes on January 2, 2025.
| IPO Open Date | December 31, 2024 |
| IPO Close Date | January 2, 2025 |
| Basis of Allotment | January 3, 2025 |
| Initiation of Refunds | January 6, 2025 |
| Credit of Shares to Demat | January 6, 2025 |
| Listing Date | January 7, 2025 |
| Cut-off time for UPI mandate confirmation | January 2, 2025 |
A minimum of 2,000 shares, and multiples thereof, can be bid for by investors. The minimum and maximum investment by retail investors and HNIs, in terms of shares and amount, is depicted in the table below.1
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | Rs.110,000 |
| Retail (Max) | 1 | 2,000 | Rs.110,000 |
| S-HNI (Min) | 2 | 4,000 | Rs.220,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 97.64% |
| Share Holding Post Issue | 71.77% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% of the Net Issue |
|
| NII (HNI) Shares Offered | Not less than 35% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in 1996, Technichem Organics Limited is engaged in the manufacturing of a wide range of chemicals, specialty chemicals, pigment and dye intermediates, and air oxidation chemistry.
A variety of industries, including pharmaceuticals, agriculture, coatings, pigments, dyes, and others, are served by the company, highlighting the versatility of its products.
High-quality, precise chemical compounds and raw materials tailored for the agrochemical, coating, pharma, dye, pigment, and specialty chemical sectors are delivered, with all manufacturing processes being conducted in-house.
An annual manufacturing capacity of 950,000 kg is maintained by the company. Operations are conducted at three plants within a facility spanning 26,079 square meters. A global presence has been established, with operations in approximately 11 countries, and significant exports being directed to China.
A focus on quality, environment, health, and safety is emphasized by the company, with the recognition that maintaining high product standards is essential for growth. Quality systems covering all business processes, from manufacturing and supply chain to product delivery, have been implemented across its facilities.
| KPI | Values |
|---|---|
| ROE | 27.39% |
| ROCE | 22.57% |
| Debt/Equity | 0.90 |
| RoNW | 24.09% |
| P/BV | |
| PAT Margin (%) | 10.19 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.71 | 2.73 |
| P/E (x) | 14.81 | 20.15 |
The Net Proceeds from the Issue are intended to be utilized by the Company for the following purposes:
Technichem Organics Limited 5th Floor, Malak Complex, Behind Old Gujarat High Court, Navrangpura, Ahmedabad 380009 Phone: 079-27543722 Email: investors@technichemorganics.com Website: http://www.technichemorganics.com/ |
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