The Technichem Organics IPO opens for subscription on December 31, 2024, and closes on January 2, 2025. The IPO is a book-built issue, with a total size of ₹25.25 crores, consisting entirely of a fresh issue of 45.90 lakh shares. The price band for the IPO is set at ₹52 to ₹55 per share.
The allotment is expected to be finalized on January 3, 2025, and the shares will list on the BSE SME segment on January 7, 2025. Retail investors can apply for a minimum of 2,000 shares, requiring an investment of ₹1,10,000, while HNI investors need to apply for a minimum of 4,000 shares, amounting to ₹2,20,000.
Overview of Contents
Technichem Organics IPO Overview
| Details | Information |
|---|---|
| IPO Date | December 31, 2024 to January 2, 2025 |
| Listing Date | January 7, 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 |
| DRHP Draft Prospectus | Click here |
| RHP Draft Prospectus | Click here |
| Anchor Investors List | Click here |
Technichem Organics IPO Lot Size
Investors looking to participate in the Technichem Organics IPO can bid for a minimum of 2,000 shares, and in multiples of 2,000 shares thereafter. The table below outlines the minimum and maximum investment amounts for retail and HNI investors:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Technichem Organics IPO Promoter Holding
The company is promoted by Mr. Bharat Jayantilal Pandya and Mr. Pandya Anilkumar Jayantilal. The table below outlines the shareholding structure before and after the issue:
| Shareholding Details | Pre Issue | Post Issue |
|---|---|---|
| Promoters | 97.64% | 71.77% |
Technichem Organics IPO Dates
| Event | Date |
|---|---|
| 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 |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on January 2, 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 |
About Technichem Organics IPO
Technichem Organics Limited, established in 1996, is a leading manufacturer of specialty chemicals, pigment & dye intermediates, and air oxidation chemistry. The company serves industries such as pharmaceuticals, agriculture, coatings, and dyes, delivering high-quality chemical compounds and raw materials tailored to various sectors. With an annual capacity of 950,000 kg, Technichem operates three plants covering 26,079 square meters and has a global presence in approximately 11 countries, with significant exports to China.
The company prioritizes quality, environment, health, and safety, ensuring stringent standards across all business processes. Their business model includes custom and contract manufacturing, offering products under confidentiality agreements. Technichem’s competitive strengths include multi-product capability, cost-efficient production, strong R&D focus, experienced management, and a robust supply chain.
Technichem Organics IPO Company Financial Report
Technichem Organics Limited has shown a fluctuating financial performance over the last three years. The company’s revenue decreased from ₹67.02 crores in 2022 to ₹46.39 crores in 2024, while the profit improved significantly in 2024. The table below summarizes the company’s financials for the past three years:
| Period Ended | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (₹ in Crores) | Assets (₹ in Crores) |
|---|---|---|---|---|
| 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
| 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. |
Objects of the Issue
The funds raised through the Technichem Organics IPO will be utilized for the following purposes:
- To finance the capital expenditure for setting up a new plant, “Plant-4.”
- To repay or prepay, in full or part, certain borrowings from banks, financial institutions, and non-banking financial companies.
- For general corporate purposes.
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 the issue size of Technichem Organics IPO?
The Technichem Organics IPO is a book-built issue with a total size of ₹25.25 crores, consisting entirely of a fresh issue of 45.90 lakh shares.
What is the price band for the Technichem Organics IPO?
The price band for the IPO is set between ₹52 and ₹55 per share.
When will the Technichem Organics IPO open and close?
The IPO will open for subscription on December 31, 2024, and close on January 2, 2025.
What is the minimum lot size for retail investors?
The minimum lot size for retail investors is 2,000 shares, requiring an investment of ₹1,10,000.
Who are the promoters of Technichem Organics?
The promoters of the company are Mr. Bharat Jayantilal Pandya and Mr. Pandya Anilkumar Jayantilal.
When is the listing date for Technichem Organics IPO?
The IPO is expected to list on BSE SME on January 7, 2025.
What will the funds from the IPO be used for?
The funds will be used for setting up a new plant (“Plant-4”), repaying borrowings, and for general corporate purposes.
What is the shareholding pattern pre and post-issue?
Pre-issue, the promoters hold 97.64% of the shares, which will reduce to 71.77% post-issue.