Technichem Organics IPO
IPO Details
- Open Date
31 Dec 2024
- Close Date
02 Jan 2025
- IPO Price Range
₹ 52 to ₹ 55
- IPO Size
₹ 25.25 Cr
- Listing Exchange
BSE SME
- Listing Date
07 Jan 2025
IPO Timeline
Technichem Organics IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 31-Dec-24 | 0 | 6.45 | 13.09 | 7.93 |
| 1-Jan-25 | 0 | 31.67 | 63.39 | 38.49 |
| 2-Jan-25 | 101.49 | 1,078.9 | 329.43 | 425.09 |
Last Updated: 02 January 2025 6:54 PM by 5Paisa
Technichem Organics IPO is set to open on 31 December 2024 and will close on 2 January 2025. Technichem Organics manufactures specialty chemicals, pigments, dyes, and intermediates, catering to industries like pharmaceuticals, agriculture, and coatings.
The IPO is an entirely fresh issue of 0.46 Cr shares aggregating to ₹25.25 Cr. The price range is set at ₹52 to ₹55 per share and the lot size is 2,000 shares.
The allotment is scheduled to be finalised on 3 January 2025. It will go public on BSE SME, with a tentative listing date of 7 January 2025.
Shreni Shares Ltd. is the book running lead manager, while Bigshare Services Pvt Ltd is the registrar.
Technichem Organics IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹25.25 Cr. |
| Offer For Sale | - |
| Fresh Issue | ₹25.25 Cr. |
Technichem Organics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 104,000 |
| Retail (Max) | 1 | 2,000 | 104,000 |
| HNI (Min) | 2 | 4,000 | 208,000 |
Technichem Organics IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 101.49 | 8,68,000 | 8,80,92,000 | 484.51 |
| NII (HNI) | 1,078.9 | 6,52,000 | 70,34,40,000 | 3,868.92 |
| Retail | 329.43 | 15,20,000 | 50,07,30,000 | 2,754.02 |
| Total** | 425.09 | 30,40,000 | 1,29,22,62,000 | 7,107.44 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
Technichem Organics IPO Anchor Allocation
| Anchor Bid Date | 30 December, 2024 |
| Shares Offered | 12,98,000 |
| Anchor portion Size (In ₹ Cr.) | 7.14 |
| Anchor lock-in period end date for 50% shares (30 Days) | 2 February, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | 3 April, 2025 |
1. Funding of capital expenditure requirements of the Company towards setting up of a new plant.
2. Repayment or prepayment, in full or in part, of certain borrowings availed by the Company.
3. General corporate purposes
Technichem Organics Limited manufactures specialty chemicals, pigments, dyes, and intermediates, catering to industries like pharmaceuticals, agriculture, and coatings. With a 950,000 kg annual capacity across three plants, it exports to 11 countries, including China. The company focuses on R&D, quality, and sustainability, offering custom and contract manufacturing solutions, supported by an experienced team and robust infrastructure.
Established in: 1996
Chairman & MD: Bharat Jayantilal Pandya
Peers
Ami Organics Ltd
Anupam Rasayan India Ltd
Chemcrux Enterprises Ltd
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 67.79 | 51.02 | 46.97 |
| EBITDA | 5.48 | 4.36 | 9.53 |
| PAT | 3.42 | 1.73 | 4.73 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total Assets | 44.17 | 44.25 | 52.47 |
| Share Capital | 2.55 | 2.55 | 2.55 |
| Total Borrowings | 10.17 | 15.62 | 17.64 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 0.86 | 3.35 | 2.62 |
| Net Cash Generated From / (used in) investing activities | -5.19 | -8.39 | -1.86 |
| Net Cash Generated From / (used in) financing activities | 4.56 | 4.33 | 0.18 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 1.07 | 0.36 | 1.29 |
Strengths
1. Diverse product range catering to pharmaceuticals, agriculture, coatings, pigments, and specialty chemicals.
2. Strong global presence, exporting to 11 countries, including significant business in China.
3. Integrated production facilities with cost efficiencies and advanced infrastructure.
4. Commitment to R&D, value engineering, and leveraging complex chemistry for innovation.
5. Experienced management and long-standing relationships with diversified customers across geographies.
Risks
1. High dependence on export markets, increasing vulnerability to global trade fluctuations.
2. Limited workforce size may constrain scalability and operational efficiency.
3. Reliance on a few key industries could affect performance during sector-specific downturns.
4. Environmental regulations may impose additional compliance costs on chemical manufacturing.
5. Competitive market with established players offering similar specialty chemical products.
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FAQs
Technichem Organics IPO opens from 31 December 2024 to 2 January 2025.
The size of Technichem Organics IPO is ₹25.25 Cr.
The price of Technichem Organics IPO is fixed at ₹52 to ₹55 per share.
To apply for Technichem Organics IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Technichem Organics IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Technichem Organics IPO is 2,000 shares and the investment required is ₹104,000.
The share allotment date of Technichem Organics IPO is 3 January 2025
The Technichem Organics IPO will be listed on 7 January 2025.
Shreni Shares Ltd. is the book running lead manager for Technichem Organics IPO.
1. Technichem Organics plans to utilise the raised capital from the IPO for:
2. Funding of capital expenditure requirements of the Company towards setting up of a new plant.
3. Repayment or prepayment, in full or in part, of certain borrowings availed by the Company.
4. General corporate purposes
Contact Information
Technichem Organics
Technichem Organics Limited
5th Floor, Malak Complex,
Behind Old Gujarat High Court,
Navrangpura, Ahmedabad 380009
Phone: 079-27543722
Email: investors@technichemorganics.com
Website: http://www.technichemorganics.com/
Technichem Organics IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Technichem Organics IPO Lead Manager
Shreni Shares Limited