The Technichem Organics IPO is valued at ₹25.25 crores through a book-built issue, consisting entirely of a fresh issue of 45.90 lakh equity shares. The IPO subscription will open on December 31, 2024, and close on January 2, 2025, with the share allotment expected to be finalized on Friday, January 3, 2025. The shares are scheduled to list on the BSE SME on a tentative date of Tuesday, January 7, 2025.
The IPO has a price band set between ₹52 to ₹55 per share, with a minimum lot size of 2,000 shares. Retail investors must invest a minimum of ₹1,10,000 for a single lot, while HNI investors need to invest ₹2,20,000 for two lots (4,000 shares). Shreni Shares Limited is acting as the book-running lead manager and market maker for this IPO, while Bigshare Services Pvt Ltd is the registrar. Investors should carefully consider the investment criteria and important dates associated with the Technichem Organics IPO.
For more detailed information, please refer to the Technichem Organics IPO RHP (Red Herring Prospectus).
Technichem Organics IPO Details
IPO Date | December 31, 2024 to January 2, 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 shares |
Technichem Organics IPO Timeline
The Technichem Organics IPO opens for subscription on December 31, 2024, and closes on January 2, 2025.
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 |
Technichem Organics IPO Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Technichem Organics IPO Lot Size
Investors can bid for a minimum of 2,000 shares, with subsequent bids in multiples of 2,000 shares. The table below outlines the minimum and maximum investment amounts for retail investors and HNI investors in terms of shares and investment amounts:
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹1,10,000 |
Retail (Max) | 1 | 2000 | ₹1,10,000 |
HNI (Min) | 2 | 4,000 | ₹2,20,000 |
About Technichem Organics Limited
Incorporated in 1996, Technichem Organics Limited specializes in manufacturing a wide range of chemicals, including specialty chemicals, pigment and dye intermediates, and air oxidation chemistry. The company serves diverse industries such as pharmaceuticals, agriculture, coatings, pigments, dyes, and more, highlighting the versatility of its product offerings.
Technichem Organics focuses on delivering high-quality, precise chemical compounds and raw materials tailored for various sectors, including agrochemicals, coatings, pharmaceuticals, dyes, pigments, and specialty chemicals. All manufacturing processes are carried out in-house. With an annual manufacturing capacity of 950,000 kg, the company operates three plants located on a 26,079-square-meter facility. It has a global presence, spanning approximately 11 countries, with significant exports directed to China.
The company places a strong emphasis on quality, environment, health, and safety, recognizing that maintaining high product standards is essential for growth. Technichem Organics has implemented robust quality systems across its manufacturing facilities, covering all processes from production and supply chain management to product delivery.
Business Model:
- Manufacturing Specialty Chemicals and Intermediates: Technichem Organics produces specialty chemicals that are crucial for industries like agrochemicals, coatings, pharmaceuticals, dyes, and pigments.
- Custom Manufacturing: The company also offers make-to-order manufacturing of intermediates and specialty chemicals.
- Contract/Exclusive Manufacturing: Technichem Organics customizes products as per customer requirements under confidentiality agreements, providing solutions in pharmaceuticals, coatings, specialty chemicals, and more.
As of June 30, 2024, the company employs 72 people.
Competitive Strengths:
- Multi-product manufacturing capability
- Established infrastructure and integrated production processes, ensuring cost efficiencies
- Strong focus on continuous R&D, value engineering, and leveraging complex chemistry and technology
- Commitment to quality, environment, health, and safety
- Experienced promoters and management team
- Efficient supply chain management
- Long-standing relationships with a diversified global customer base
FAQ – Technichem Organics IPO
What is the Technichem Organics IPO?
The Technichem Organics IPO is an Initial Public Offering (IPO) of 45.90 lakh fresh equity shares through a book-built issue. The total issue size is ₹25.25 crores.
When does the Technichem Organics IPO open and close?
The Technichem Organics IPO will open for subscription on December 31, 2024, and will close on January 2, 2025.
What is the price band for the Technichem Organics IPO?
The price band for the Technichem Organics IPO is set between ₹52 to ₹55 per share.
What is the minimum investment amount required to apply for the Technichem Organics IPO?
- For Retail Investors: The minimum investment amount for the Technichem Organics IPO is ₹1,10,000 for 1 lot (2,000 shares).
- For HNI Investors: The minimum investment amount is ₹2,20,000 for 2 lots (4,000 shares).
What is the lot size for the Technichem Organics IPO?
The minimum lot size for the Technichem Organics IPO is 2,000 shares, and investors can bid in multiples of 2,000 shares.
What is the expected allotment date for the Technichem Organics IPO?
The allotment of shares for the Technichem Organics IPO is expected to be finalized on Friday, January 3, 2025.
When will the shares of Technichem Organics be listed?
The shares of Technichem Organics are expected to be listed on BSE SME on Tuesday, January 7, 2025.
Who is the lead manager for the Technichem Organics IPO?
The book-running lead manager for the Technichem Organics IPO is Shreni Shares Limited.
Who is the registrar for the Technichem Organics IPO?
The registrar for the Technichem Organics IPO is Bigshare Services Pvt Ltd.
What is the objective of the Technichem Organics IPO?
The proceeds from the Technichem Organics IPO will primarily be used for general corporate purposes and to strengthen the company’s capital base.
How can I apply for the Technichem Organics IPO?
Investors can apply for the Technichem Organics IPO through ASBA (Applications Supported by Blocked Amount) via banks or use the online platforms provided by brokers or investment apps.
What are the key strengths of Technichem Organics as an investment?
The Technichem Organics IPO offers investment in a company with a strong focus on quality, safety, and R&D. The company serves diversified industries, including pharmaceuticals, agrochemicals, coatings, and dyes, and has a well-established infrastructure with a global presence, operating in approximately 11 countries.
What are the risks associated with investing in the Technichem Organics IPO?
As with any IPO, there are risks associated with market conditions, company performance, and potential volatility. Investors should review the prospectus and assess the company’s business model, financials, and risks before investing in the Technichem Organics IPO.
What happens if I do not receive an allotment in the Technichem Organics IPO?
If you do not receive an allotment in the Technichem Organics IPO, your application money will be refunded. Investors who applied through ASBA will see the funds unblocked, and those who applied via a broker may receive a refund directly.