Technichem Organics IPO Details
The Technichem Organics IPO is a book build issue with a total issue size of ₹25.25 cr, comprising of fresh issue of 4590000 equity shares. Technichem Organics IPO opened for subscription on Dec 31, 2024 and closed on Jan 02, 2025. Technichem Organics IPO is set price band at ₹52 to ₹55 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹220,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 03, 2025, and listed on both the NSE and BSE on Jan 07, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. Shreni Shares Limited are the Book Running Lead Manager for the issue.
Before investing in the Technichem Organics IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 52 – 55
- Lot Size
- 2000
- Issue Size
- ₹25.25 Cr
- Minimum Investment
- ₹220000 (4000 Shares)
- Listing Date
- 07 January 2025
Current GMP
₹17 (+30.91%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Shreni Shares Limited
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 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.
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 per share.
Technichem Organics IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹220000 based on the upper price band
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.
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.
Technichem Organics IPO issue size is ₹25.25 crores.
Technichem Organics IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.