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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 ₹55.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,04,000 (2000 shares). The minimum lot size investment for 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 Date | December 31, 2024 to January 2, 2025 |
| Listing Date | January 7, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹52 to ₹55 per share |
| Issue Price Final | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,90,000 shares (aggregating up to ₹25.25 Cr) |
| Reserved for Market Maker | 2,52,000 shares Shreni Shares Ltd. (aggregating up to ₹1.39 Cr) |
| Net Offered to Public | 43,38,000 shares (aggregating up to ₹23.86 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,27,31,250 shares |
| Share Holding Post Issue | 1,73,21,250 shares |
Technichem Organics IPO offers total 45,90,000 shares. Out of which 21,66,000 (47.19%) allocated to QIB, 8,68,000 (18.91%) allocated to QIB, 6,52,000 (14.20%) allocated to NII, 15,20,000 (33.12%) allocated to RII and 12,98,000 (28.28%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,52,000 (5.49%) |
| QIB Shares Offered | 21,66,000 (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 (14.20%) |
| Retail Shares Offered | 15,20,000 (33.12%) |
| Total Shares Offered | 45,90,000 (100.00%) |
Technichem Organics IPO raises ₹7.14 crore from anchor investors. Technichem Organics IPO Anchor bid date is December 30, 2024. Technichem Organics IPO Anchor Investors list
| Bid Date | December 30, 2024 |
| Shares Offered | 12,98,000 |
| Anchor Portion Size (In Cr.) | 7.14 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 3, 2025 |
Technichem Organics IPO opens on December 31, 2024, and closes on January 2, 2025.
| IPO Open Date | Tue, Dec 31, 2024 |
| IPO Close Date | Thu, Jan 2, 2025 |
| Tentative Allotment | Fri, Jan 3, 2025 |
| Initiation of Refunds | Mon, Jan 6, 2025 |
| Credit of Shares to Demat | Mon, Jan 6, 2025 |
| Tentative Listing Date | Tue, Jan 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jan 2, 2025 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
Technichem Organics Limited's revenue decreased by -8% and profit after tax (PAT) rose by 173% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,743.17 | 5,247.32 | 4,424.63 | 4,416.56 |
| Total Income | 1,487.89 | 4,696.84 | 5,101.97 | 6,778.63 |
| Profit After Tax | 140.46 | 472.68 | 172.93 | 342.06 |
| Net Worth | 2,102.5 | 1,962.04 | 1,489.36 | 1,316.43 |
| Reserves and Surplus | 829.37 | 1,707.42 | 1,234.74 | 1,061.81 |
| Total Borrowing | 1,658.31 | 1,763.94 | 1,562.15 | 1,017.26 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Technichem Organics IPO is ₹95.27 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 3.71 | 2.73 |
| P/E (x) | 14.81 | 20.15 |
The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is engaged in manufacturing and marketing of speciality chemicals, pigment, dyes intermediates, air oxidant chemistry etc. The company posted declining trends in its top lines for the reported periods. Surprisingly, it marked boosted bottom lines from FY24 onwards. Based on FY25 annualized super earnings, the issue appears fully priced. It has global footprint for its high margin value added products. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | January 7, 2025 |
| BSE Script Code | 544327 |
| NSE Symbol | |
| ISIN | INE0ZHT01012 |
| Final Issue Price | ₹55 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹60.00 |
| Low | ₹57.25 |
| High | ₹63.11 |
| Last Trade | ₹63.11 |
Technichem Organics Ltd.
5th Floor, Malak Complex,
Behind Old Gujarat High Court,
Navrangpura, Ahmedabad 380009
Ahmedabad, Gujarat
Phone: 079-27543722
Email: investors@technichemorganics.com
Website: http://www.technichemorganics.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Technichem Organics IPO is a SME IPO of 45,90,000 equity shares of the face value of ₹10 aggregating up to ₹25.25 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on December 31, 2024, and closes on January 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 December 31, 2024 and closes on January 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 Monday, January 6, 2025. Check the Technichem Organics IPO allotment status.
The Technichem Organics IPO listing date is on Tuesday, January 7, 2025.
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