In this blog, we are going to talk about Technichem Organics IPO in detail. The bidding starts from 31st Dec 2024 and the end date for the bidding is 2nd Jan 2025. The total issue size is ₹25 Cr. Price band of Technichem Organics IPO is from ₹52 to ₹55 per share. And the lot is a minimum of 2,000. So the minimum amount for investment becomes ₹1,04,000. IPO will list on BSE and the listing date is 7th Jan 2025. Allotment of the share to the investor is on 3rd Jan and refund of the payment is on 6th Jan 2025.
The total market capitalization of Technichem Organics Limited is ₹ 95.3 Cr. as of 30th Dec 2024 (according to Screener). The profit-to-earning ratio of Technichem Organics is 20. This issue is in the category of BSE SME.
Technichem Organics GMP trend
| Date | GMP Price | Trend | Kostak | Subject to Sauda |
|---|---|---|---|---|
| 02-Jan 2025 | ₹15 | – | – | 22800 |
| 01-Jan 2025 | ₹15 | 📈 | – | 22800 |
| 31-Dec 2024 | ₹11 | – | – | 16,700 |
| 30-Dec 2024 | ₹ 11 | – | – | 16,700 |
| 29-Dec 2024 | ₹ 11 | – | – | 16,700 |
| 28-Dec 2024 | ₹11 | – | – | 16,700 |
| 27-Dec 2024 | ₹11 | – | – | 16,700 |
| 26-Dec 2024 | ₹ 11 | – | – | 16,700 |
| 25-Dec 2024 | ₹ 11 | 📈 | – | 16,700 |
| 24-Dec 2024 | ₹0 | – | – | – |
Technichem Organics Overview
Established in 1996, and headquartered in Ahmedabad Technichem Organics Limited deals and manufactures several chemical products that are used across several industries such as agriculture, pigments (paint colors), pharmaceuticals, and dyes. The company claims to be ISO-9001 and ISO-14001 certified. This means the company is globally recognized for its Quality Management System(QMS) and Environmental Management System (EMS). The company also focuses on the production quality, health of the workers and environment, safety, and supply chain.
Technichem was founded by Mr. Bharat Pandya and Mr. Anil Pandy who are technocrates with more than 25 years of experience in the particular field. Technichem owns the 3 manufacturing facilities which have a combined area of 26,079 sq meters, and its annual production capacity of chemicals was around 9,50,000 Kgs.
Technichem Organics IPO Details
| Industry | Chemical |
| Issue Size | ₹25Cr |
| Lot Size | 2,000 |
| Price Range | ₹ 52– 55 |
| Min Investment | ₹1,04,000 |
| Bid Start Date | 31st Dec 2024 |
| Bid End Date | 02nd Jan 2025 |
| Allotment Date | 03rd Jan 2025 |
| Refund and Share Credit Date | 06 Jan 2025 |
| Listing Date | 07 Jan 2025 |
| Prospectus | Download |
| Face Value | ₹10 per share |
| Promoter’s Holding | 97.64% |
| Company Website | technichemorganics.com |
Technichem Organics IPO Objective
- The primary objective for Technichem Organics IPO is to raise funds for capital expenditure for its new plan.
- The second objective is to repayment of borrowings.
- The last objective is to utilize funds for general corporate expenditure.
Technichem Valuation
All the valuations are in crores(Cr) INR. The source of the information is from Screener. If you want to see more detail on the IPO then follow my blog here.