Technichem Organics Limited IPO is launching for subscription on 31 December 2024 and closing on 2 January 2025. This SME IPO is raising ₹25.25 crore from a fresh issue of 45.90 lakh shares.
The Technichem Organics IPO allotment date will be finalized on Friday, 3 January 2025. Technichem Organics shares will be probably listed on BSE and BSE on Tuesday, 7 January 2025.
Technichem Organics IPO’s price band has been set at ₹ 52 to ₹55 per share with a minimum ipo lot size of 2000 shares per application, which makes the minimum investment of retail investors ₹110000. The HNIs on the other hand have to subscribe to at least two lots which means they have to buy equities worth ₹ 220000 at the least.
Here Are the Quick Steps to Apply for the Technichem Organics SME IPO with the Best IPO App!
Technichem Organics BSE SME IPO Details
| Detail | Information |
| IPO Opening Date | December 31, 2024 |
| IPO Closing Date | January 2, 2025 |
| Tentative IPO Listing Date | January 7, 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹52 to ₹ 55 per share |
| Lot Size | 2000 shares |
| Total Issue Size | 4590000 shares (₹25.25 Cr) |
| Fresh Issue | 4590000 shares (₹25.25 Cr) |
| IPO Segment | Book Built Issue |
| Listing At | BSE SME |
| Share Holding Pre-Issue | 12731250 shares |
| Share Holding Post-Issue | 17321250 shares |
Technichem Organics Limited | Company Overview
Technichem Organics Limited embarked on its journey in 1996. It is engaged in manufacturing a wide range of chemicals, pigments & dye intermediates, other chemicals, and Air oxidation chemistry.
Technichem Organics caters to the following industries –
- Pharmaceuticals
- Coatings, pigments, dyes
- Agriculture
- More
The firm mainly produces high-quality chemical compounds, which are used in these industries. The firm also produces tailor-made raw materials for these industries and specialty chemical sectors.
Currently, the firm has three plants with an overall area of 26079 square meters. Technichem Organics Ltd. has a presence across 11 countries and its main export is channelized into China.
Technichem Organics Limited IPO | Key Details
- Technichem Organics IPO Opening Date: December 31, 2024,
- Technichem Organics IPO Closing Date: January 2, 2025.
- Allotment Date: January 3, 2025
- Price Band: ₹52 to ₹55 per share
- Lot Size: 2000 shares
- Refunds Initiated: January 6, 2025
- Shares Credited to Demat: January 6, 2025
- Listing Date: January 7, 2025
Technichem Organics Ltd: Financial Overview
Technichem Organics Limited witnessed a whopping 173% rise in its profit after tax (PAT) in FY24 even when its revenue for the year dropped by almost 8%. With the minimal rise in total borrowing, the company churned out this massive hike in profits. Find out in detail.
Here are the details of the financials of the firm
Amounts in ₹ Lakhs
| Financial Information | FY24 | FY23 | Absolute Change | Change (%) |
| Assets | 5,247.32 | 4,424.63 | 822.69 | 18.59 |
| Revenue | 4,696.84 | 5,101.97 | -405.13 | -7.94 |
| Profit After Tax | 472.68 | 172.93 | 299.75 | 173.34 |
| Net Worth | 1,962.04 | 1,489.36 | 472.68 | 31.74 |
| Reserve & surplus | 1,707.42 | 1,234.74 | 472.68 | 38.28 |
| Total Borrowing | 1,763.94 | 1,562.15 | 201.79 | 12.92 |
FAQs | Technichem Organics Ltd IPO
Technichem Organics Ltd is engaged in manufacturing specialty chemicals, chemicals, dyes intermediates, pigments, and Air Oxidation Chemistry.
The tentative IPO listing date of Technichem Organics has been fixed as Tuesday, January 7, 2025.
The bidding date for the Technichem Organics IPO is December 31, 2024, and it will continue until January 2, 2025.
The minimum IPO lot size for Technichem Organics is 2000 shares. The HNIs need to buy at least two lots that is 4000 shares.
The IPO allotment is expected to be finalized on Friday, January 3, 2025.
The IPO face value is set at ₹10 per share.
______________________________________________________________________________________
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.