Technichem Organics IPO Details: The Technichem Organics IPO is scheduled to open on December 31, 2024, and close on January 2, 2025. This Book Built Issue aims to raise approximately ₹25.25 crores, comprising a fresh issue of ₹25.25 crores and an offer for sale of equity shares with a face value of ₹10 each.
The price band for the Technichem Organics IPO is set between ₹52 and ₹55 per share. The allotment distribution is as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The IPO will be listed on the Bombay Stock Exchange (BSE) on January 7, 2025, with the allotment date set for January 3, 2025.
For the financial year 2024, the company reported a revenue of ₹46.39 crores, compared to ₹50.36 crores in 2023. Technichem Organics posted a profit of ₹4.73 crores in 2024, up from ₹1.73 crores in 2023. Given the company’s solid financial performance, investors may consider applying for this IPO with a long-term perspective.
Technichem Organics IPO Objectives:
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
Technichem Organics IPO Review (Apply or Not)
- May Apply
Technichem Organics IPO Date & Price Band 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: | Approx ₹25.25 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Technichem Organics IPO Lot Size:
The minimum market lot for the Technichem Organics IPO is 2,000 shares, with an application amount of ₹1,10,000.
| Application | 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 |
Technichem Organics IPO Timeline:
The Technichem Organics IPO will open on December 31 and close on January 2. The IPO allotment will be finalized on January 3, with the listing scheduled for January 7.
| IPO Open Date: | December 31, 2024 |
| IPO Close Date: | January 2, 2025 |
| Basis of Allotment: | January 3, 2025 |
| Refunds: | January 6, 2025 |
| Credit to Demat Account: | January 6, 2025 |
| IPO Listing Date: | January 7, 2025 |
Technichem Organics IPO GMP Today:
The latest Grey Market Premium (GMP) for the Technichem Organics SME IPO is ₹15. With the IPO’s price band set at ₹55.00, the estimated listing price of Technichem Organics SME IPO is ₹70 (cap price + today’s GMP). This reflects an expected percentage gain of 27.27% per share.
Promoters of Technichem Organics IPO
The promoters of the company are Mr. Bharat Jayantilal Pandya, and Mr. Pandya Anilkumar Jayantilal
About Technichem Organics IPO
Technichem Organics Limited, founded in 1996, brings 25 years of expertise in manufacturing chemicals, pyrazoles, pyrazolone, specialty chemicals, and pigments. The company serves diverse industries such as pharmaceuticals, agriculture, coatings, and dyes, among others. With a presence in 11 countries, Technichem Organics benefits from a global market perspective, enabling it to effectively gauge market trends.
The company’s credibility is built on its dedicated workforce, ensuring precision and adherence to strict protocols. The promoters, Mr. Bharat Jayantilal Pandya and Mr. Anil Jayantilal Pandya, play a key role in leading, creating, raising, handling, and overseeing business operations.
Technichem Organics boasts a manufacturing capacity of 950,000 kg per year, spread across three factory plants totaling 26,079 square meters. The facilities adhere to rigorous quality control standards and industry best practices, ensuring consistent product quality.
Technichem Organics IPO Company Financial Report
The company reported revenue of ₹46.39 crores in 2024 against ₹50.36 crore in 2023. The company reported profit of ₹4.73 crores in 2024 against Profit of ₹1.73 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹67.02 | ₹63.14 | ₹3.42 | ₹44.17 |
| 2023 | ₹50.36 | ₹48.64 | ₹1.73 | ₹44.25 |
| 2024 | ₹46.39 | ₹40.52 | ₹4.73 | ₹52.47 |
Technichem Organics IPO Valuation – FY2024
Check Technichem Organics IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 27.39% |
| ROCE: | 22.57% |
| EBITDA Margin: | 20.54% |
| PAT Margin: | 10.19% |
| Debt to equity ratio: | 0.90 |
| Earning Per Share (EPS): | ₹3.71 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 24.09% |
| Net Asset Value (NAV): | ₹15.41 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Ami Organics Limited | 11.91 | 108.93 | 6.47% | 183.05 | – Cr. |
| Anupam Rasayan India Limited | 10.84 | 72.12 | 4.29% | 249.26 | – Cr. |
| Chemcrux Enterprises Ltd | 5.70 | 35.95 | 12.60% | 48.79 | – Cr. |
Technichem Organics IPO Registrar
Bigshare Services Private Limited
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
IPO Lead Managers aka Merchant Bankers
- Shreni Shares Limited
Company Address
Technichem Organics Limited
5th Floor, Malak Complex, Behind Old Gujarat High Court,
Navrangpura, Ahmedabad, Gujarat-380009, India
Phone: +91-79-27543722
E-mail: investors@technichemorganics.com
Website: www.technichemorganics.com
Technichem Organics IPO FAQs
What is Technichem Organics IPO?
Technichem Organics IPO is an SME IPO in which the company aims to raise ₹25.25 crores. The price band for the issue is ₹51 to ₹54 per equity share, and the IPO will be listed on the Bombay Stock Exchange (BSE).
When will Technichem Organics IPO open for subscription?
The IPO will open for subscription on December 31, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. The IPO will close on January 2, 2025.
What is Technichem Organics IPO Investors’ Portion?
The investor portion for Technichem Organics IPO is as follows:
- 50% for QIBs
- 15% for NIIs
- 35% for Retail Investors
How to Apply for Technichem Organics IPO?
You can apply for the Technichem Organics IPO through ASBA (Application Supported by Blocked Amount) online via your bank account. Additionally, you can apply via UPI through stock brokers, or by filling out an offline form with your stock broker.
What is Technichem Organics IPO Issue Size?
The issue size of the Technichem Organics IPO is ₹25.25 crores.
What is Technichem Organics IPO Price Band?
The price band for Technichem Organics IPO is ₹52 to ₹55 per equity share.
What is Technichem Organics IPO Lot Size?
The minimum bid is for 2,000 shares, with an application amount of ₹1,10,000.
What is the Technichem Organics IPO Allotment Date?
The IPO allotment date is January 3, 2025.
What is the Technichem Organics IPO Listing Date?
The IPO will be listed on the BSE on January 7, 2025.
