Technichem Organics IPO Details
The key details of Technichem Organics’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹25.25 Cr |
| Price Range | ₹52 - ₹55 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹1,10,000 |
| Pre IPO Promotor Holding | 97.64% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Technichem Organics IPO Timelines
The IPO process for Technichem Organics includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
31/12/2024
Start Date02/01/2025
End Date06/01/2025
Refund Initiation06/01/2025
Credit of Shares to Demat Ac07/01/2025
Listing DateTechnichem Organics IPO Lot Size
The Technichem Organics IPO has a fixed lot size of 2,000 shares, at an upper price band of ₹55 per share, requiring ₹110,000 per lot for retail investors. For HNI investors, the minimum application is 4,000 shares (2 lots) amounting to ₹220,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,10,000 |
| Retail Maximum | 1 | 2000 | ₹1,10,000 |
| S-HNI Minimum | 2 | 4000 | ₹2,20,000 |
Technichem Organics IPO Subscription Status
The subscription status for Technichem Organics IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 101.49x | 1,078.90x | 329.43x | -- | 425.09x |
IPO Performance on Listing Day
On the listing day (January 7, 2025), Technichem Organics made a modest debut on the stock exchange. The stock opened at ₹57.25, recording a marginal premium of 4.1% over its issue price of ₹55. During the trading session, the stock displayed steady movement, touching a high of ₹60.11 while maintaining its base at the opening price of ₹57.25. The shares ended their first trading day at ₹60.11, securing a moderate gain of 9.3% over the issue price, indicating a stable market response to this specialty chemical manufacturer.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹57.25 | ₹60.11 | ₹60.11 | ₹57.25 |
Technichem Organics IPO Company Financials
Technichem Organics reports robust performance in FY2024 with Total Income of ₹46.39 crores, managing expenses at ₹40.52 crores, and achieving a strong PAT (Profit After Tax) of ₹4.73 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹67.02 | ₹63.14 | ₹3.42 |
| FY 2023 | ₹50.36 | ₹48.64 | ₹1.73 |
| FY 2024 | ₹46.39 | ₹40.52 | ₹4.73 |
About Company
Technichem Organics Limited, established in 1996, specializes in manufacturing a diverse range of chemicals, including specialty chemicals, pigment and dye intermediates, and air oxidation products. The company serves industries such as pharmaceuticals, agriculture, coatings, and dyes, emphasizing the versatility and quality of its products. With a focus on in-house manufacturing, Technichem ensures precision in delivering chemical compounds and raw materials tailored to specific industry needs. It operates three plants across 26,079 square meters and has an annual manufacturing capacity of 950,000 kg. The company maintains a global presence, with exports reaching approximately 11 countries, including China.
Technichem Organics follows a robust business model that includes manufacturing specialty chemicals, custom production, and contract manufacturing tailored to customer specifications. The company is committed to maintaining high product standards through quality systems in manufacturing, supply chain, and product delivery. With a strong emphasis on research and development, it continuously expands its product portfolio. Certified with ISO 9001:2015 for Quality Management and ISO 14001:2015 for Environmental Management, the company ensures compliance with international standards. As of June 30, 2024, Technichem employs 72 people across its manufacturing facilities in Gujarat.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1996 | Chemicals | Bharat Pandya |
Know Before Investing
Technichem Organics IPO Strengths
- The company manufactures a wide range of chemicals, including specialty chemicals and intermediates for various industries, enhancing market adaptability.
- With exports valued at ₹17.69 crore in FY24, Technichem has a solid international presence, particularly in markets like China.
- The company boasts an annual manufacturing capacity of 950 tonnes, supporting scalable production to meet growing demand.
- Founded by industry veterans with over 25 years of experience, the management team is well-equipped to drive growth and innovation.
- Technichem is ISO-certified and emphasizes environmentally friendly practices, ensuring compliance and customer trust in product quality.
Technichem Organics IPO Risks
- The company reported a decline in revenue from ₹50.36 crore in 2023 to ₹46.39 crore in 2024, indicating potential instability.
- Operating in a competitive chemicals market may pressure pricing and profit margins.
- The chemical industry is subject to stringent regulations; non-compliance could lead to operational disruptions.
- Revenue reliance on a limited number of clients may pose risks if contracts are lost or not renewed.
- With a debt-to-equity ratio of 0.90, the company’s financial stability could be impacted by rising interest rates or economic downturns.
Swot Analysis for Technichem Organics IPO
Strengths
Established Expertise, Innovative R&D, Environmentally Friendly Practices
Weaknesses
Market Dependence, Limited Brand Recognition, Operational Risks
Opportunities
Growing Chemical Demand, Expansion Potential, Technological Advancements
Threats
Intense Competition, Economic Volatility, Regulatory Compliance Risks
Company Details
Technichem Organics Limited
5th Floor, Malak Complex,
Behind Old Gujarat High Court,
Navrangpura, Ahmedabad 380009
Phone: 079-27543722
Email: investors@technichemorganics.com
Website: http://www.technichemorganics.com/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of Technichem Organics IPO are:
- Funding for capital expenditure to set up “Plant 4.”
- Repayment or prepayment of borrowings from banks, financial institutions, and non-banking financial companies.
- General corporate purposes.
Shreni Shares Limited is the book-running lead managers for the Technichem Organics IPO.