The Technichem Organics IPO will open on December 31, 2024, and close on January 2, 2025. This IPO is a Book Built Issue, with the company aiming to raise approximately ₹25.25 crores. The offering includes a fresh issue of ₹25.25 crores and an offer for sale of equity shares, each with a face value of ₹10.
The price band for the Technichem Organics IPO is set between ₹52 and ₹55 per share. The retail quota is 35%, QIB (Qualified Institutional Buyers) is 50%, and HNI (High Net-Worth Individuals) is 15%. The shares are expected to list on the BSE on January 7, 2025, with the allotment date scheduled for January 3, 2025.
For the financial year 2024, the company reported a revenue of ₹46.39 crores, a slight decrease from ₹50.36 crores in 2023. However, its profit saw a significant rise, reaching ₹4.73 crores in 2024 compared to ₹1.73 crores in 2023. Based on these financials, investors are advised to consider applying for the IPO with a long-term investment perspective.
Technichem Organics IPO Details
- IPO Open Date: December 31, 2024
- IPO Close Date: January 2, 2025
- Face Value: ₹10 Per Equity Share
- IPO Price Band: ₹52 to ₹55 Per Share
- Issue Size: Approximately ₹25.25 Crores
- Fresh Issue: Approximately ₹25.25 Crores
- Issue Type: Book Built Issue
- IPO Listing: BSE SME
- Retail Quota: Up to 35%
- QIB Quota: Up to 50%
- NII Quota: Up to 15%
- DRHP Draft Prospectus: Click Here
- RHP Draft Prospectus: Click Here
Technichem Organics IPO Market Lot
The minimum market lot for the Technichem Organics IPO is 2,000 shares, with an application amount of ₹1,10,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,10,000 |
| Retail Maximum | 1 | 2,000 | ₹1,10,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,20,000 |
Technichem Organics IPO Dates
The Technichem Organics IPO will open on December 31, 2024, and close on January 2, 2025. The allotment will be finalized on January 3, 2025, with the IPO listing scheduled for January 7, 2025.
- IPO Open Date: December 31, 2024
- IPO Close Date: January 2, 2025
- Basis of Allotment: January 3, 2025
- Refunds: January 6, 2025
- Credit to Demat Account: January 6, 2025
- IPO Listing Date: January 7, 2025
Promoters of Technichem Organics IPO
The promoters of Technichem Organics are Mr. Bharat Jayantilal Pandya and Mr. Anilkumar Jayantilal Pandya.
About Technichem Organics IPO
Founded in 1996, Technichem Organics Limited brings 25 years of expertise in manufacturing chemicals, pyrazoles, pyrazolone, specialty chemicals, and pigments. The company serves a diverse range of industries, including pharmaceuticals, agriculture, coatings, dyes, and more. With operations in 11 countries, Technichem Organics has a comprehensive understanding of the global market and its trends. The company’s success is driven by the credibility and reliability of its employees, ensuring precision and adherence to protocols.
The promoters, Mr. Bharat Jayantilal Pandya and Mr. Anilkumar Jayantilal Pandya, play a key role in leading, creating, raising, handling, and monitoring the business operations. Technichem Organics boasts a manufacturing capacity of 950,000 kg per year, with three factory plants spanning a total area of 26,079 square meters. Their facilities adhere to stringent quality control standards and industry best practices.
Technichem Organics IPO Company Financial Report
Technichem Organics reported a revenue of ₹46.39 crores in 2024, a decrease from ₹50.36 crores in 2023. The company’s profit increased to ₹4.73 crores in 2024, compared to ₹1.73 crores in 2023.
| 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
Below are the key valuation metrics for Technichem Organics as of FY2024:
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 27.39% |
| Return on Capital Employed (ROCE) | 22.57% |
| EBITDA Margin | 20.54% |
| Profit After Tax (PAT) Margin | 10.19% |
| Debt to Equity Ratio | 0.90 |
| Earnings Per Share (EPS) | ₹3.71 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 24.09% |
| Net Asset Value (NAV) | ₹15.41 |
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW (%) | NAV (₹ in Crores) | 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 used for the following purposes:
- Funding the capital expenditure requirements for setting up a new plant, “Plant – 4.”
- Repayment or prepayment, in full or in part, of certain borrowings from banks, financial institutions, and non-banking financial companies.
- General corporate purposes.
Technichem Organics IPO Review
The following financial institutions have provided reviews of the Technichem Organics IPO:
- Canara Bank
- DRChoksey FinServ
- Emkay Global
- Hem Securities
- IDBI Capital
- Marwadi Shares
- Nirmal Bang
- SBICAP Securities
- Sharekhan
- SMC Global
- Sushil Finance
- Swastika Investmart
- Ventura Securities
- Geojit
- Reliance Securities
- Capital Market
- BP Wealth
- ICICIdirect
- Choice Broking
Technichem Organics IPO Registrar
Bigshare Services Private Limited
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
IPO Lead Managers (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
Email: investors@technichemorganics.com
Website: www.technichemorganics.com
FAQs for Technichem Organics IPO
- What is Technichem Organics IPO?
Technichem Organics IPO is an SME IPO through which the company aims to raise ₹25.25 crores. The issue is priced between ₹52 to ₹55 per equity share and will be listed on BSE. - When will Technichem Organics IPO open for subscription?
The IPO will open on December 31, 2024, for QIB, NII, and Retail investors, and will close on January 2, 2025. - What is Technichem Organics IPO Investors Portion?
The investors’ portion is allocated as follows:- QIB: 50%
- NII: 15%
- Retail: 35%
How to Apply for Technichem Organics IPO?
You can apply for the IPO through ASBA online via your bank account or through UPI via your stock broker. Alternatively, you can apply offline by filling out the application form through your stock broker.
- What is the Technichem Organics IPO Issue Size?
The IPO issue size is ₹25.25 crores. - What is Technichem Organics IPO Price Band?
The price band for the IPO is ₹52 to ₹55 per share. - What is Technichem Organics IPO Lot Size?
The minimum bid is for 2,000 shares, with an application amount of ₹1,10,000. - What is the Technichem Organics IPO Allotment Date?
The IPO allotment date is January 3, 2025. - What is the Technichem Organics IPO Listing Date?
The IPO will list on BSE on January 7, 2025.
