Technichem Organics IPO Logo

Technichem Organics IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Dec 31 to Jan 02 2025
Price Band ₹52 - 55
Current GMP ₹57.25(4.09%)
Subscription 425.09 times

IPO Details

IPO Date
December 31, 2024 to January 2, 2025
Listing Date
Tuesday, January 7, 2025
Face Value
₹10 per share
Price Band
₹52 to ₹55 per share
Lot Size
2,000 Shares
Total Issue Size
45,90,000 shares (aggregating up to ₹25.25 Cr)
Fresh Issue
45,90,000 shares (aggregating up to ₹ 25.25 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE SME
Share Holding Pre Issue
1,27,31,250 shares
Share Holding Post Issue
1,73,21,250 shares
Market Maker Portion
2,52,000 sharesShreni Shares Limited

IPO Subscription Details

Anchor Investors
1
Market Maker
1
Qualified Institutions
101.49
Non-Institutional Buyers***
1,078.9
Retail Investors
329.43
Total **
425.09

Day Wise Sub

DayDay 1 Dec 31, 2024
QIB0
NII*6.45
Retail13.09
Total7.93
DayDay 2 Jan 1, 2025
QIB0
NII*31.67
Retail63.39
Total38.49
DayDay 3 Jan 2, 2025
QIB101.49
NII*1,078.9
Retail329.43
Total425.09

Day Wise GMP

Date07-01-2025
Price55.00
GMP17(30.91%)
Estimate List Price72
Date06-01-2025
Price55.00
GMP17(30.91%)
Estimate List Price72
Date05-01-2025
Price55.00
GMP15(27.27%)
Estimate List Price70
Date04-01-2025
Price55.00
GMP15(27.27%)
Estimate List Price70
Date03-01-2025
Price55.00
GMP15(27.27%)
Estimate List Price70
Date02-01-2025
Price55.00
GMP15(27.27%)
Estimate List Price70
Date01-01-2025
Price55.00
GMP15(27.27%)
Estimate List Price70
Date31-12-2024
Price55.00
GMP15(27.27%)
Estimate List Price70
Date30-12-2024
Price55.00
GMP11(20%)
Estimate List Price66
Date29-12-2024
Price55.00
GMP11(20%)
Estimate List Price66
Date28-12-2024
Price55.00
GMP11(20%)
Estimate List Price66
Date27-12-2024
Price55.00
GMP11(20%)
Estimate List Price66
Date26-12-2024
Price55.00
GMP11(20%)
Estimate List Price66
Date25-12-2024
Price55.00
GMP11(20%)
Estimate List Price66
Date24-12-2024
Price55.00
GMP0(0%)
Estimate List Price55

IPO Important Dates

IPO Open Date
Tuesday, December 31, 2024
IPO Close Date
Thursday, January 2, 2025
Basis of Allotment
Friday, January 3, 2025
Initiation of Refunds
Monday, January 6, 2025
Credit of Shares to Demat
Monday, January 6, 2025
Listing Date
Tuesday, January 7, 2025
Cut-off time for UPI mandate confirmation
5 PM on January 2, 2025

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares2000
Amount₹1,10,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹1,10,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹2,20,000

Financial Information

Period EndedPeriod Ended
30 Jun 202430 Jun 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Jun 20245,743.17
31 Mar 20245,247.32
31 Mar 20234,424.63
Period EndedRevenue
30 Jun 20241,487.89
31 Mar 20244,696.84
31 Mar 20235,101.97
Period EndedProfit After Tax
30 Jun 2024140.46
31 Mar 2024472.68
31 Mar 2023172.93
Period EndedNet Worth
30 Jun 20242,102.5
31 Mar 20241,962.04
31 Mar 20231,489.36
Period EndedReserves and Surplus
30 Jun 2024829.37
31 Mar 20241,707.42
31 Mar 20231,234.74
Period EndedTotal Borrowing
30 Jun 20241,658.31
31 Mar 20241,763.94
31 Mar 20231,562.15

IPO Reservation

Anchor Investor Shares Offered
12,98,000 (28.28%)
Market Maker Shares Offered
2,52,000 (5.49%)
QIB Shares Offered
8,68,000 (18.91%)
NII (HNI) Shares Offered
6,52,000 (14.2%)
Retail Shares Offered
15,20,000 (33.12%)
Total Shares Offered
45,90,000 (100%)

Information about company

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: Manufacturing of specialty chemicals and intermediates: Manufactures specialty chemicals, which are primarily chemical components that find use in agrochemicals, coating, pharma, dyes, and pigments. Custom manufacturing: The Company also can manufacture intermediates and other specialty chemicals on a make-to-order basis. Contract manufacturing/exclusive manufacturing: The company customizes products according to customer requirements and offers them under confidentiality agreements. Their product range includes pharmaceuticals, coating applications, specialty chemicals, and more. As of June 30, 2024, the company has 72 employees. Competitive 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 Supply Chain Efficiency Long-standing relationships with diversified customers across geographies

Objectives of IPO

The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects: Funding of capital expenditure requirements of the Company towards setting up of a new plant named as “Plant 4” Repayment or prepayment, in full or in part, of certain borrowings availed by the Company from banks, financial institutions and non-banking financial companies General corporate purposes

Disclaimer

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