IPO - Check IPO Date, Price, Lot Size

Technichem Organics Ltd IPO

Our Company is mainly engaged in the business of manufacturing of a wide range of chemicals, Pyrazoles, Pyrazolones, Speciality Chemicals, Pigment & Dye Intermediates and Air Oxidation Chemistry that serves multiple industries. We currently have 3 Plants named as Plant-1, Plant-2 and Plant-3 at our manufacturing facility located at Survey No. 342, 346 and 347, Village - Lunej, Khambhat-Golana Road, District - Anand, Gujarat - 388620, Gujarat, India.

Technichem Organics Ltd IPO Details

Total Shares Offered

₹ 45,90,000

Offer to Public

TBA

Retail Max (Shares)

₹ 15,20,000

Pre Issue Promoters Holding

₹ 1,24,31,250

Exchange

BSE

Issue size

₹ 25.25 Cr

IPO Open Date

Dec 31, 2024

Close Date

Jan 2, 2025

Lot Size

2000

Min Investment

₹ 1,04,000

Issue Type

Book Building - SME

Listing Date

Jan 7, 2025

Technichem Organics Ltd IPO Dates

Dec 31, 2024

Opening date

Jan 2, 2025

Closing date

Jan 3, 2025

Basis of Allotment

Jan 6, 2025

Initiation of Refunds

Jan 6, 2025

Credit of Shares

Jan 7, 2025

Listing date

Details

Sector	Type
Sector	Chemicals
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	40.67x	2166000	88092000
NII	1079.28x	652000	703692000
Retail	329.43x	1520000	500730000
Employee	0x	0	0
Total	281.59x	4590000	1292514000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

40.67x

1079.28x

329.43x

281.59x

2166000

652000

1520000

4590000

88092000

703692000

500730000

1292514000

Technichem Organics Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	6.81	8.01	3.79
EBITDA	8.44	9.71	5.20
PAT	4.03	4.38	1.73
Total Assets	36.42	19.71	11.90
Share Capital	17.32	2.55	2.55
Total Borrowings	11.32	9.47	9.16
Operating Activities (Net Cash)	5.66	6.08	3.14
Investing Activities (Net Cash)	-0.77	-0.55	0.05
Financing Activities (Net Cash)	11.32	9.47	9.16
Net Cashflow	7.95	1.29	0.36

About Technichem Organics Ltd

Our Company was originally incorporated under the name Technichem Organics Private Limited under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated February 27, 1996, issued by the Registrar of Companies Gujarat. Subsequently, the status of the Company was changed to public limited and the name of our Company was changed to Technichem Organics Limited vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on April 30, 2024. The fresh certificate of incorporation consequent to conversion was issued on July 4, 2024, by Centralised Processing Centre. The Corporate Identification Number of our Company is U24231GJ1996PLC028917.

Covering more than 80,000 commercial products, India's chemical industry is extremely diversified and can be broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers, and fertilisers. Globally, India is the fourth-largest producer of agrochemicals after the United States, Japan and China. India accounts for 16-18% of the world's production of dyestuffs and dye intermediates.

Peer Comparison:

Ami Organics Ltd
Anupam Rasayan India Ltd
Chemcrux Enterprises Ltd

Technichem Organics Ltd Key Points

Strengths

Multi-product capability.

Established infrastructure and integrated production with cost efficiencies.

Core Focus on consistent R&D, value engineering and to leverage complex chemistry and technology.

Focus on Quality, Environment, Health and Safety.

Experienced Promoters and management team.

Risk

The company is highly dependent on certain key customers for a substantial portion of its revenues and the company does not have long term contracts with all of these customers. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.

The company depends on a certain supplier for its raw materials required for its operations and the company does not have long-term agreements with suppliers for its raw materials and an increase in the cost of, or a short fall in the availability or quality of such raw materials could have an adverse effect on its business, financial condition and results of operations.

The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.

Strategy

Expansion and upgradation of our manufacturing facility.

Expand our Geographical Presence.

Shifting from High Volume - Low Value to Low Volume and High Value.

Continue to focus on operational efficiencies and improving productivity.

Strengthen relationships with our existing customers and expand customer base.

How To Apply for Technichem Organics Ltd IPO Online?

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Technichem Organics Ltd IPO?

Technichem Organics Ltd's IPO offers shares for up to 25.25 It begins on Dec 31, 2024 and ends on Jan 2, 2025.

What is the price of the Technichem Organics Ltd IPO?

The price of Technichem Organics Ltd IPO ranges between ₹52 to ₹55 per share.

What are the open and close dates for the Technichem Organics Ltd IPO?

The Technichem Organics Ltd IPO opens on Dec 31, 2024 and closes on Jan 2, 2025.

When will the Technichem Organics Ltd IPO be allotted?

The allotment for the Technichem Organics Ltd IPO will be finalised on Jan 3, 2025. The shares will be listed on BSE and NSE on Jan 7, 2025.

What is the minimum lot size required for Technichem Organics Ltd IPO?

The minimum lot size for Technichem Organics Ltd IPO is 2000 shares, priced between ₹52 to ₹55 per share.

What is the GMP of Technichem Organics Ltd IPO?

The GMP (Grey Market Premium) of Technichem Organics Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Technichem Organics Ltd IPO?

To check the allotment status of Technichem Organics Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Technichem Organics Ltd IPO getting listed?

The Technichem Organics Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 31, 2024, and closes on Jan 2, 2025. The allotment is finalised on Jan 3, 2025.

How do you apply for the Technichem Organics Ltd IPO?

To apply for the Technichem Organics Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.