Technichem Organics Limited IPO
BSE SMEListed On: Jan 7, 2025 at ₹ 57.25
₹ 220000 /4000 Shares
*Min Investment
31 Dec, 2024
Open Date02 Jan, 2025
Close Date03 Jan, 2025
Allotment Date07 Jan, 2025
Listing DateTechnichem Organics IPO Issue Details
- Issue Price ₹52-55 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 45,90,000 shares(aggregating up to ₹25.25 crore)
- Fresh Share 45,90,000 shares(aggregating up to ₹25.25 crore)
- Listing at BSE SME
- List Price 57.25
- Listing Date 2025-01-07
- Lead Manager Shreni Shares Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,10,000 |
| Retail(max) | 1 | 2000 | ₹1,10,000 |
| NII (min) | 2 | 4000 | ₹2,20,000 |
Technichem Organics IPO Reservation
Technichem Organics IPO offers total 45,90,000 shares. Out of which 8,68,000 (18.91%) allocated to QIB, 6,52,000 (14.2%) allocated to NII,15,20,000 (33.12%) allocated to RII, NA (NA%) allocated to employees and 12,98,000 (28.28%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| 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%) |
Technichem Organics IPO Details
Technichem Organics Limited IPO is an SME IPO, priced at ₹52-55 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 45,90,000 equity shares, aggregating up to ₹25.25 crores..
The IPO bidding window is open from Dec 31, 2024 to Jan 2, 2025. The allotment is expected to be finalized on Jan 3, 2025, and the tentative listing date is Jan 7, 2025.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,10,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,20,000.
Shreni Shares Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Shreni Shares Limited will act as the market maker for this issue.
Technichem Organics IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 8,68,000 / 6,52,000 | 15,20,000 | 30,40,000 |
Day 1 31-12-24 06:00 PM | 0.00 / 6.45 x | 13.09 x | 7.93 x |
Day 2 01-01-25 06:00 PM | 0.00 / 31.67 x | 63.39 x | 38.49 x |
Day 3 02-01-25 06:00 PM | 101.49 / 1078.9* x | 329.43 x | 425.09 x |
Technichem Organics Valuations
Technichem Organics Company Financials
| 30-Jun-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| Assets | 5,743.17 | 5,247.32 | 4,424.63 | 4,416.56 |
| Revenue | 1,487.89 | 4,696.84 | 5,101.97 | 6,778.63 |
| Profit After Tax | 140.46 | 472.68 | 172.93 | 342.06 |
| Net Worth | 2,102.5 | 1,962.04 | 1,489.36 | 1,316.43 |
| Reserves & Surplus | 829.37 | 1,707.42 | 1,234.74 | 1,061.81 |
| Total Borrowing | 1,658.31 | 1,763.94 | 1,562.15 | 1,017.26 |
About Technichem Organics Company
Incorporated in 1996, Technichem Organics Limited has its business in manufacturing a wide variety of chemicals that includes Speciality Chemicals, Pigment & Dye Intermediates, and Air Oxidation Chemistry.
It caters to a wide array of industries like pharmaceuticals, agriculture, coatings, pigments, dyes, and many others.
They mainly deliver accurate and high-quality chemical compounds and raw materials tailored to agrochemical, coating, pharma, dye, pigment, and specialty chemical sectors; all are in-house manufacturing processes.
The company has 950,000 kg of an annual manufacturing capacity.It has three plants at its facility, covering 26,079 square meters. The company is represented globally in about 11 countries, with a major share of exports being to China.
The company focuses on quality, environment, health, and safety, because it believes that maintaining high standards of products is the way to growth. All business processes of the company-from manufacturing and supply chain to delivery of the product-have been covered by quality systems in all its manufacturing facilities.
Technichem Organics - Promoter(s)
Mr. Bharat Jayantilal Pandya
Mr. Pandya Anilkumar Jayantilal
Pre Issue Share Holding : 97.64%
Post Issue Share Holding : 71.77%
Technichem Organics IPO - Issue Objectives
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
Technichem Organics IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Technichem Organics Limited | 3.71 | N/A | 15.41 | N/A | 24.09 | 3.67 | Restated Financial Statements |
| Ami Organics Limited | 11.91 | N/A | 183.05 | 178.25 | 6.47 | 11.6 | Standalone |
| Anupam Rasayan India Limited | 10.84 | N/A | 249.26 | 69.66 | 4.29 | 3.03 | Standalone |
| Chemcrux Enterprises Ltd | 5.7 | N/A | 48.79 | 32.6 | 12.6 | 3.85 | Standalone |
Notes:
- P/E Ratio has been computed based on their respective closing market price on December 13, 2024, as divided by the Basic EPS as on March 31, 2024.
- Return on Net Worth (RoNW) is calculated as Net profit after tax, as restated / Average shareholders' equity (including minority interest) as restated at year/period end.
- NAV is computed as the closing net worth (excluding minority interest) divided by the closing outstanding number of equity shares.
- Net worth means the aggregate value of the paid-up share capital of the Company and all reserves created out of profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, miscellaneous expenditure not written off, as per the restated balance sheet.
Contact Details
Technichem Organics
5th Floor, Malak Complex, Behind Old Gujarat High Court, Navrangpura, Ahmedabad 380009
079-27543722
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Technichem Organics IPO - FAQs
Ans. Technichem Organics Limited IPO is a SME IPO. The issue is priced at ₹52-55 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Dec 31, 2024, and closes on Jan 2, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Technichem Organics Limited IPO opens on Dec 31, 2024 and closes on Jan 2, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Technichem Organics Limited IPO is 45,90,000 shares(aggregating up to ₹25.25 Cr).
Ans. The Technichem Organics Limited IPO price band is set between ₹52-55 per equity share.
Ans. To apply for Technichem Organics Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Technichem Organics Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Technichem Organics Limited IPO is Jan 3, 2025.
Ans. The Technichem Organics Limited IPO will be listed on Jan 7, 2025.
Ans. Follow the steps to check the Technichem Organics Limited IPO allotment status online.
