Technichem Organics Ltd IPO
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Technichem Organics Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 45.9 L | TBA | ₹ 15.2 L | ₹ 124.31 L | BSE | ₹ 25.25 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 31 Dec, 24 | 02 Jan, 25 | 2000 | ₹ 1,04,000 | Book Building - SME | 07 Jan, 25 |
Technichem Organics Ltd IPO Dates
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 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Technichem Organics Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 8.14 | 3.79 | 5.70 |
| EBITDA | 9.84 | 5.20 | 6.75 |
| PAT | 4.73 | 1.73 | 3.42 |
| Total Assets | 19.72 | 11.90 | 19.08 |
| Share Capital | 2.55 | 2.55 | 2.55 |
| Total Borrowings | 9.42 | 9.16 | 8.46 |
| Operating Activities (Net Cash) | 6.43 | 3.14 | 4.47 |
| Investing Activities (Net Cash) | -0.55 | 0.05 | -1.11 |
| Financing Activities (Net Cash) | 9.42 | 9.16 | 8.46 |
| Net Cashflow | 1.29 | 0.36 | 1.07 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Ami Organics Ltd
- Anupam Rasayan India Ltd
- Chemcrux Enterprises Ltd
Technichem Organics Ltd IPO 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.
- 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.
How To Apply for Technichem Organics Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
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.
