Home Mainline IPOs Technichem Organics IPO
Orion Industries logo

Technichem Organics IPO

Open Sme
BSE 31 December - 02 January 2025
Technichem Organics Limited IPO is a book build issue of 25.25 Cr. The issue is entirely a fresh issue of 4590000 shares aggregating to 25.25 Cr. Technichem Organics Limited IPO opened for subscription on Dec 31, 2024 and closed on Jan 02, 2025. The allotment for the this IPO was finalized on Jan 03, 2025. IPO was listed on NSE and BSE on Jan 07, 2025. Technichem Organics Limited IPO is set issue price band at ₹52 to ₹55 per share.

Current GMP

₹17 (+30.91%)

Price Band

₹ 52 – 55

Lot Size

2000

Issue Size

₹25.25 Cr

Minimum Investment

₹220000 (4000 Shares)

Listing Date

07 January 2025

Subscription

514.78x

About the Company

Technichem Organics Limited is a chemical manufacturing company specializing in a diverse range of products, including pyrazoles, pyrazolones, specialty chemicals, pigment and dye intermediates, and air oxidation chemistry. These products serve multiple industries such as pharmaceuticals, agriculture, coatings, pigments, and dyes, providing the company with a broad market presence and diversification, which ensures stability amid market fluctuations. The company operates in 11 countries, with a significant portion of exports going to China, and is known for its competitive pricing and high-quality products.

The company is committed to innovation and research and development (R&D), investing in the continuous improvement of products and processes. It holds ISO 9001:2015 and ISO 14001:2015 certifications for quality and environmental management, reflecting its focus on maintaining high standards. Technichem Organics also emphasizes environmental sustainability, with advanced treatment facilities and green technology initiatives in place.

Founded in 1996, the company has expanded its operations over the years, now operating three manufacturing plants with a capacity of 950,000 kg per annum. Their facility in Gujarat, India, spans 26,079 square meters and is well-equipped with machinery and safety measures. Technichem Organics has a strong, experienced management team led by Mr. Bharat Jayantilal Pandya and Mr. Anil Jayantilal Pandya, who have been instrumental in the company’s growth.

The company’s R&D capabilities allow it to handle complex chemical processes and scale up products from bench-level to commercial production. Technichem Organics is known for its ability to innovate and scale processes, developing a wide array of in-house products. The company’s vision is to become a global leader in specialty chemicals, driven by continuous innovation, sustainability, and ethical business practices. Its mission is to deliver high-quality chemicals while fostering a culture of integrity, environmental stewardship, and social responsibility.

Promoters

  1. Mr. Bharat Jayantilal Pandya 
  2. Mr. Pandya Anilkumar Jayantilal
Promoters Holding

Holding Pre Issue

97.64%

Holding Post Issue

71.77%

Objects of the Issue

The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding of capital expenditure requirements of the Company towards setting up of a new plant named as “Plant 4”
  2. Repayment or prepayment, in full or in part, of certain borrowings availed by the Company from banks, financial institutions and non-banking financial companies
  3. General corporate purposes

Address / Contact Info

Technichem Organics Limited
5th Floor, Malak Complex
Behind Old Gujarat High Court
Navrangpura, Ahmedabad – 380009,
Gujarat, India.

Phone: 079-27543722
Email: investors@technichemorganics.com
Website: http://www.technichemorganics.com/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 52 – 55
Lot Size2000
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 25.25 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 25.25 Cr
Listing AtBSE
Industry
Sector
QIB Quota0%
Retail Quota0%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Technichem Organics IPO is a Book-building IPO worth ₹25.25 crores. The price band is ₹52 to 55 per share. The IPO opens on Tue, Dec 31, 2024 and closes on Thu, Jan 2, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.

The Technichem Organics IPO opens on Tue, Dec 31, 2024 and closes on Thu, Jan 2, 2025

Technichem Organics IPO Price Band is ₹52 to 55.

Technichem Organics IPO lot size is 2000, and the minimum amount required for application is ₹220000.

The minimum investment for Technichem Organics IPO is approximately ₹220000 based on the upper price band.

To apply for the Technichem Organics IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jan 2, 2025. After submission, funds are blocked until the basis of allotment of Technichem Organics IPO is finalised.

Technichem Organics IPO issue size is ₹25.25 crores.

Technichem Organics IPO allotment date is Sat, Jun 27, 2026.

The registrar for Technichem Organics IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Technichem Organics IPO through their official website or helpline.

The Technichem Organics IPO GMP (Grey Market Premium) is ₹17 as of Tue, Jan 7, 2025. Based on the upper price band of ₹55 per share, the estimated Technichem Organics IPO listing price is ₹72, indicating a potential listing gain of approximately 31% over the issue price.