Technichem Organics IPO
- IPO Date31 Dec, 2024 to 02 Jan, 2025
- Listing Date07 Jan, 2025
- Face Value₹10 per share
- Issue Price₹52 to ₹55 per share
- Lot Size2000 Shares
- Minimum Investment₹1,10,000
- Listing AtBSE SME
- Total Issue Size45,90,000 Shares
(aggregating up to ₹25.25 Cr) - Fresh Issue45,90,000 Shares
(aggregating up to ₹25.25 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,27,31,250
- Shareholding post issue1,73,21,250
IPO Dates
Closing Date
02 Jan, 2025
Initiation of Refunds
06 Jan, 2025
Listing Date
07 Jan, 2025
31 Dec, 2024
Opening Date
03 Jan, 2025
Basis of Allotment
06 Jan, 2025
Credit of Shares
Technichem Organics Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 4000 | ₹2,20,000 |
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
Technichem Organics Promoter Holding
Mr. Bharat Jayantilal Pandya and Mr. Pandya Anilkumar Jayantilal are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 97.64% | 71.77% |
Technichem Organics COMPANY INFORMATION
Technichem Organics IPO is a book built issue of Rs 25.25 crores. The issue is entirely a fresh issue of 45.90 lakh shares. Technichem Organics IPO opens for subscription on December 31, 2024 and closes on January 2, 2025. The allotment for the Technichem Organics IPO is expected to be finalized on Friday, January 3, 2025. Technichem Organics IPO will list on BSE SME with tentative listing date fixed as Tuesday, January 7, 2025. Technichem Organics IPO price band is set at ₹52 to ₹55 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,10,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,20,000. Shreni Shares Limited is the book running lead manager of the Technichem Organics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Technichem Organics IPO is Shreni Shares Limited. Refer to Technichem Organics IPO RHP for detailed information.
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
Technichem Organics IPO
FAQs About Technichem Organics Ipo
Technichem Organics IPO will open on 31 Dec, 2024 and close on 02 Jan, 2025. Investors must apply within this period to participate.
The Technichem Organics IPO price band is set between ₹52.00 and ₹55.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹110000.00.
The Technichem Organics IPO shares are expected to be listed on 07 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Technichem Organics IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Technichem Organics IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.