Technichem Organics IPO Details, Dates, and Review
The Technichem Organics IPO is set to open for subscription on December 31, 2024, and will close on January 2, 2025. This IPO is a Book Built Issue, aiming to raise approximately ₹25.25 crores through a fresh issue of equity shares. Here’s everything you need to know about the IPO.
Key Details of Technichem Organics IPO
| Particulars | Details |
|---|---|
| IPO Open Date | December 31, 2024 |
| IPO Close Date | January 2, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹52 to ₹55 per share |
| Issue Size | Approx ₹25.25 crores |
| Fresh Issue | ₹25.25 crores |
| Issue Type | Book Built Issue |
| Listing Exchange | BSE SME |
| Retail Investor Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
Market Lot Details
The minimum lot size for Technichem Organics IPO is 2,000 shares, amounting to an application value of ₹1,10,000.
| Category | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,10,000 |
| Retail Maximum | 1 | 2,000 | ₹1,10,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,20,000 |
Important Dates for Technichem Organics IPO
| Event | Date |
|---|---|
| IPO Open Date | December 31, 2024 |
| IPO Close Date | January 2, 2025 |
| Basis of Allotment | January 3, 2025 |
| Refunds Initiated | January 6, 2025 |
| Credit to Demat Accounts | January 6, 2025 |
| Listing Date | January 7, 2025 |
Technichem Organics IPO Price Band
The price band for this IPO is set at ₹52 to ₹55 per equity share, with a face value of ₹10 each.
Company Overview
Technichem Organics Limited, established in 1996, specializes in manufacturing a wide range of chemicals, including pyrazoles, pyrazolones, specialty chemicals, and pigments. These products cater to industries like pharmaceuticals, agriculture, coatings, dyes, and more.
Key Highlights
- Global Presence: Operating in 11 countries, giving a competitive edge and understanding of market trends.
- Manufacturing Capacity: 950,000 kg per year, spread across three state-of-the-art factory
Technichem Organics IPO: Key Highlights
The Technichem Organics IPO is set to open on December 31, 2024, and close on January 2, 2025. The IPO aims to raise ₹25.25 crores via a Book Built Issue, with a price band of ₹52 to ₹55 per share. Below is a summarized overview:
IPO Details
- IPO Open Date: December 31, 2024
- IPO Close Date: January 2, 2025
- Face Value: ₹10 per equity share
- Price Band: ₹52 to ₹55
- Issue Size: ₹25.25 crores (Fresh Issue)
- Issue Type: Book Built Issue
- Listing Exchange: BSE SME
Market Lot
- Minimum Lot: 2,000 shares (₹1,10,000 application value)
- Retail Quota: 35%
- QIB Quota: 50%
- NII Quota: 15%
IPO Timeline
- Allotment Finalization: January 3, 2025
- Refunds Initiated: January 6, 2025
- Credit to Demat Accounts: January 6, 2025
- Listing Date: January 7, 2025
Company Overview
Technichem Organics Limited, established in 1996, manufactures pyrazoles, specialty chemicals, and pigments. With a global presence in 11 countries, the company caters to industries such as pharmaceuticals, agriculture, and coatings. It has a manufacturing capacity of 950,000 kg/year across three advanced facilities.
Financial Performance
- Revenue (FY2024): ₹46.39 crores (vs. ₹50.36 crores in FY2023)
- Profit (FY2024): ₹4.73 crores (vs. ₹1.73 crores in FY2023)
- Net Worth: ₹52.47 crores
Investment Insights
The company’s growth in profitability, robust financials, and strategic global footprint make it a promising option for long-term investors. The IPO proceeds will fund a new manufacturing plant, repay borrowings, and cover general corporate expenses.
Key Promoters
- Mr. Bharat Jayantilal Pandya
- Mr. Pandya Anilkumar Jayantilal