Technichem Organics Limited – IPO

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.

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Technichem Organics Limited – IPO Details

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 Timeline (Tentative Schedule)

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

Technichem Organics Limited IPO Lot Size

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)

Technichem Organics Limited IPO Promoter Holding

Share Holding Pre Issue 97.64%
Share Holding Post Issue 71.77%

Technichem Organics Limited IPO Reservation

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

Technichem Organics Limited IPO Anchor Investors Details

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)

About Technichem Organics Limited

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.

Key Performance Indicator

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

Objects of the Issue (Technichem Organics Limited IPO Objectives)

The Net Proceeds from the Issue are intended to be utilized by the Company for the following purposes:

  • The funding of capital expenditure requirements for the establishment of a new plant, referred to as “Plant 4.”
  • The repayment or prepayment, either in full or in part, of certain borrowings that have been availed by the Company from banks, financial institutions, and non-banking financial companies.
  • General corporate purposes.

Technichem Organics Limited Contact Details

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/

Technichem Organics Limited IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/IPO_Status.html

Frequently Asked Questions


What is Technichem Organics Limited IPO?
The Technichem Organics Limited IPO is classified as an SME IPO. The issue price is set between ₹52 and ₹55 per equity share. A minimum of 2000 shares is required per order. The IPO will be open from December 31, 2024, to January 2, 2025. The shares are proposed to be listed on BSE SME.

When does the Technichem Organics Limited IPO open and close?
The Technichem Organics Limited IPO will be opened on December 31, 2024, and closed on January 2, 2025.

What is the issue size of the Technichem Organics Limited IPO?
The size of the Technichem Organics Limited IPO is in total. A fresh issue of ₹25.25 Cr shares, aggregating up to , is included.

What is the price band of the Technichem Organics Limited Limited IPO?
The price band for the IPO has been set between ₹52 - ₹55 per equity share.

What is the allotment date of the Technichem Organics Limited IPO?
The share allotment date for the Technichem Organics Limited IPO is set for January 3, 2025.

What is the Technichem Organics Limited listing date?
The Technichem Organics Limited IPO is scheduled to be listed on January 7, 2025.

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