Technichem Organics IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Tue, 31 Dec 2024
Close Date
Thu, 02 Jan 2025
Price Band
₹ 52 – 55
Lot Size
2000
Issue Size
₹ 25.25 Cr
Minimum Investment
₹ 220,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Technichem Organics IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹25.25 Crore, comprising a fresh issue of 45.90 Lakh equity shares aggregating to ₹25.25 Crore.
The Technichem Organics IPO remained open for subscription from December 31, 2024, to January 02, 2025. The basis of allotment was finalized on January 03, 2025, and the company's shares were listed on BSE SME Platform on January 07, 2025.
The company had fixed the price band at ₹52 to ₹55 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹220,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Shreni Shares Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Technichem Organics Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Technichem Organics IPO Timeline (Tentative)
- IPO Open Date
- Tue, 31 Dec 24
- IPO Close Date
- Thu, 02 Jan 25
- Basis of Allotment
- Fri, 03 Jan 25
- Initiation of Refunds
- Mon, 06 Jan 25
- Credit of Shares to Demat
- Mon, 06 Jan 25
- Listing Date
- Tue, 07 Jan 25 — NSE & BSE
Open Date
31 December 2024
Close Date
02 January 2025
Basis Of Allotment
03 January 2025
Listing Date
07 January 2025
IPO Subscription
Check Live Subscription →The Technichem Organics IPO has received bids for 1,29,25,14,000 shares against 25,10,800 shares offered, resulting in an overall subscription of 514.78x. the NII category is subscribed 778.42x, Retail Investors 329.43x, and QIBs 1,014.88x.
QIB
1014.88x
NII
778.42x
RII
329.43x
Total
514.78x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 15,20,000 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 86,800 shares (0%), while Non-Institutional Investors (NIIs) receive 9,04,000 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 252,000 | 0% |
| Anchor Investors | 1,298,000 | 0% |
| Qualified Institutions | 86,800 | 0% |
| Non-Institutional | 904,000 | 0% |
| Retail Investors | 1,520,000 | 0% |
| Total | 4,590,000 | 0% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 5247.32 | 4424.63 | 4416.56 |
| Revenue | 4696.84 | 5101.97 | 6778.63 |
| Profit After Tax | 472.68 | 172.93 | 342.06 |
| Net Worth | 1962.04 | 1489.36 | 1316.43 |
| Reserve & Surplus | 1707.42 | 1234.74 | 1061.81 |
| Total Borrowings | 1763.94 | 1562.15 | 1017.26 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Technichem Organics Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 27.39 |
| ROCE % | 22.57 |
| Debt / Equity | 0.9 |
| RoNW % | 24.09 |
| Pat Margin % | 10.19 |
Peers Comparison
No Peer Comparision Available
About Technichem Organics Limited
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.
Technichem Organics IPO Promoters
- Mr. Bharat Jayantilal Pandya
- Mr. Pandya Anilkumar Jayantilal
Promoters Holding
Holding Pre Issue
97.64%
Holding Post Issue
71.77%
Technichem Organics IPO Objective
The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding of capital expenditure requirements of the Company towards setting up of a new plant named as “Plant 4”
- Repayment or prepayment, in full or in part, of certain borrowings availed by the Company from banks, financial institutions and non-banking financial companies
- General corporate purposes
Technichem Organics Limited Address / Contact Details
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
Technichem Organics IPO Lot Size
The Technichem Organics IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,10,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,10,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 110,000.00 |
| Retail (Max) | 1 | 2,000 | 110,000.00 |
| S-HNI (Min) | 2 | 4,000 | 220,000.00 |
Issue Reservation
Book Running Lead Managers
- Shreni Shares Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Technichem Organics IPO?
Technichem Organics IPO is a Book-building IPO with a total issue size of ₹25.25 crore. The Technichem Organics IPO price band is ₹52 to 55 per share. The Technichem Organics IPO subscription opens on Tue, Dec 31, 2024, and closes on Thu, Jan 2, 2025. The Technichem Organics IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Technichem Organics IPO.
When will the Technichem Organics IPO open for subscription?
The Technichem Organics IPO opens on Tue, Dec 31, 2024 and closes on Thu, Jan 2, 2025
What is Technichem Organics IPO Price Band?
Technichem Organics IPO Price Band is ₹52 to 55 per share.
What is Technichem Organics IPO Lot Size?
Technichem Organics IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹220000 based on the upper price band
What is the minimum investment for Technichem Organics IPO?
The minimum investment for Technichem Organics IPO is ₹220000, based on one lot of 2000 shares at the upper price band of ₹55 per share.
How to apply for Technichem Organics IPO?
Investors can apply for the Technichem Organics IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jan 2, 2025. The application amount remains blocked until the Technichem Organics IPO allotment is finalized.
What is Technichem Organics IPO Issue Size?
Technichem Organics IPO issue size is ₹25.25 crores.
What is the Technichem Organics IPO Allotment Date?
Technichem Organics IPO allotment date is Fri, Jan 3, 2025.
Who is the Technichem Organics IPO Registrar?
The registrar for Technichem Organics IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Technichem Organics IPO allotment status, refund processing, and other IPO-related information.
What is the Technichem Organics IPO GMP?
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 30.91% over the issue price.
Who is the Technichem Organics IPO Lead Manager?
The book-running lead managers (BRLMs) for the Technichem Organics IPO are Shreni Shares Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Technichem Organics IPO Red Herring Prospectus (RHP).