Bookbuilding IPO | ₹25 Cr | Listed at BSE SME | Tue, Dec 31, 2024 - Thu, Jan 2, 2025
Technichem Organics IPO is a book build issue of ₹25.25 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹25.25 crore.
Technichem Organics IPO bidding started from Dec 31, 2024 and ended on Jan 2, 2025. The allotment for Technichem Organics IPO was finalized on Jan 3, 2025. The shares got listed on BSE SME on Jan 7, 2025.
Technichem Organics IPO price band is set at ₹55 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,10,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Technichem Organics IPO RHP for detailed Information.
IPO Open
Tue, Dec 31, 2024
IPO Close
Thu, Jan 2, 2025
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹95.27 Cr
| IPO Date | 31 Dec, 2024 to 2 Jan, 2025 |
| Listed on | Tue, Jan 7, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹55 |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 45,90,000 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 2,52,000 shares Shreni Shares Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 43,38,000 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 43,38,000 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 1,27,31,250 shares |
| Share Holding Post Issue | 1,73,21,250 shares |
| BSE Script Code | 544327 |
| ISIN | INE0ZHT01012 |
Technichem Organics IPO comprises a total issue size of 45,90,000 shares. The net offer to the public is 43,38,000 shares, after excluding 2,52,000 shares allotted on a firm basis. Of the Net offer 21,66,000 (49.93%) are allocated to QIB, 6,52,000 (15.03%) allocated to NII 15,20,000 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 21,66,000 | 49.93% | 47.19% |
| − Anchor Investor Shares Offered | 12,98,000 | 28.28% | |
| − QIB (Ex. Anchor) Shares Offered | 8,68,000 | 18.91% | |
| NII (HNI) Shares Offered | 6,52,000 | 15.03% | 14.20% |
| Retail Shares Offered | 15,20,000 | 35.04% | 33.12% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,52,000 | 5.49% | |
| Total Shares Offered | 45,90,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Technichem Organics IPO raises ₹7.14 crore from anchor investors. Technichem Organics IPO Anchor bid date is December 30, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Dec 30, 2024 |
| Shares Offered | 12,98,000 |
| Anchor Portion (₹ Cr.) | 7.14 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Feb 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Apr 3, 2025 |
Incorporated in 1996, Technichem Organics Limited is engaged in the business of manufacturing a various range of chemicals, Speciality Chemicals, Pigment & Dye Intermediates and Air Oxidation Chemistry.
The company serves a variety of industries, including pharmaceuticals, agriculture, coatings, pigments, dyes, and more, showcasing the versatility of its products.
They focus on delivering high-quality, precise chemical compounds and raw materials tailored for agrochemical, coating, pharma, dye, pigment, and specialty chemical sectors, with all manufacturing done in-house.
The company has an annual manufacturing capacity of 950,000 kg. It operates three plants at its facility, which covers an area of 26,079 square meters. The company has a global presence, operating in approximately 11 countries, with significant exports directed to China.
The company focuses on quality, environment, health, and safety, recognizing that maintaining high product standards is key to growth. Across its manufacturing facilities, the company has implemented quality systems covering all business processes, from manufacturing and supply chain to product delivery.
Business Model:
As of June 30, 2024, the company has 72 employees.
Competitive Strengths:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 57.43 | 52.47 | 44.25 | 44.17 |
| Total Income | 14.88 | 46.97 | 51.02 | 67.79 |
| Profit After Tax | 1.40 | 4.73 | 1.73 | 3.42 |
| NET Worth | 21.03 | 19.62 | 14.89 | 13.16 |
| Reserves and Surplus | 8.29 | 17.07 | 12.35 | 10.62 |
| Total Borrowing | 16.58 | 17.64 | 15.62 | 10.17 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards setting up of a new plant named as “Plant –4”; | 7.04 |
| 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; | 10.24 |
| 3 | General corporate purposes; | 5.26 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 27.39% |
| ROCE | 22.57% |
| Debt/Equity | 0.90 |
| RoNW | 24.09% |
| PAT Margin | 10.19% |
| Price to Book Value | 3.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.71 | 2.73 |
| P/E (x) | 14.81 | 20.15 |
| Promoter Holding | 97.64% | 71.77% |
| Market Cap | ₹95.27 Cr. |
The Technichem Organics IPO is subscribed 425.09 times on January 2, 2025 6:19:09 PM (Day 3). The public issue subscribed 329.43 times in the retail category, 101.49 times in the QIB category, and 1,078.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 101.49 | 8,68,000 | 8,80,92,000 | 53 |
| NII* | 1,078.9 | 6,52,000 | 70,34,40,000 | 20,498 |
| Retail | 329.43 | 15,20,000 | 50,07,30,000 | 2,50,404 |
| Total | 425.09 | 30,40,000 | 1,29,22,62,000 | 3,08,773 |
Total Application : 3,08,773
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees including underwriting commission | 2.41 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and Marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review etc.) | 0.17 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹57.25 |
| Low | ₹57.25 |
| High | ₹60.11 |
| Last Trade | ₹60.11 |
Lead Manager Reports
Technichem Organics IPO is a SME IPO of 45,90,000 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Dec 31, 2024, and closes on Thu, Jan 2, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Technichem Organics IPO using UPI as a payment gateway. Zerodha customers can apply in Technichem Organics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Technichem Organics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Technichem Organics IPO opens on Tue, Dec 31, 2024 and closes on Thu, Jan 2, 2025.
Technichem Organics IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in Technichem Organics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Technichem Organics IPO will be done on Friday, January 3, 2025, and the allotted shares will be credited to your demat account by Mon, Jan 6, 2025. Check the Technichem Organics IPO allotment status.
The Technichem Organics IPO listing date is on Tue, Jan 7, 2025.
