Technichem Organics Ltd. was incorporated on February 27, 1996. The company manufactures a wide range of chemicals, including Pyrazoles, Pyrazolones, Specialty Chemicals, Pigment & Dye Intermediates, and Air Oxidation Chemistry, serving industries like pharmaceuticals, agriculture, coatings, pigments, and dyes
| Bidding Dates |
|---|
| 31 Dec 2024 - 02 Jan 2025 |
| Subscription |
|---|
| 392.62x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,04,000 | 1 | 1 | 2000 | 4.6 M | ₹52 - ₹55 | 71.77 % | ₹238.7 M - ₹252.4 M | RHP DOC |
Technichem Organics Ltd. IPO SUBSCRIPTION STATUS
02 Jan '25Technichem Organics Ltd. IPO overall subscription rate was 392.62 times the total available shares
Technichem Organics Ltd. IPO retail subscription rate was 434.59 times in the retail segment
Technichem Organics Ltd. IPO non-institutional investor subscription rate was 1425.05 times in the non-institutional investor category
Technichem Organics Ltd. IPO Qualified Institutional Bidder subscription rate was 53.52 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
02 Jan 2025 (Day 2) | 434.59x | 1425.05x | 53.52x |
31 Dec 2024 (Day 1) | 17.27x | 8.52x | - |
Technichem Organics Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY25 | 14.0 | 147.0 | 6.9 | 4.3 | 17.3% |
| FY24 | 47.3 | 463.9 | 26.2 | 5.5 | 20.5% |
| FY23 | 17.3 | 503.6 | 33.5 | -53.1 | 8.7% |
| FY22 | 34.2 | 670.2 | 8.6 | -42.0 | 8.2% |
Technichem Organics Ltd. IPO SUBSCRIPTION STATUS DETAILS
Technichem Organics Ltd. had 4.6 M shares on offer
Technichem Organics Ltd. IPO offer price was in the range ₹52 - ₹55
Technichem Organics Ltd. IPO minimum Investment was ₹104000
Technichem Organics Ltd. IPO issue size was ₹ 238.7 M - ₹ 252.4 M
Technichem Organics Ltd. had a minimum lot size of 2000 Shares per application
Technichem Organics Ltd. NUMBER OF SHARES ON OFFER
Technichem Organics Ltd. IPO IMPORTANT DATES
| Issue Open Date | 31 Dec 2024 |
| Issue close Date | 02 Jan 2025 |
| Allotment Date | 03 Jan 2025 |
| Refund Date | 06 Jan 2025 |
| Demat Account Credit Date | 06 Jan 2025 |
| Listing Date | 07 Jan 2025 |
| Listing on Exchange(s) | BSE |
| Technichem Organics Ltd. Allotment Status | Exchange |
Technichem Organics Ltd. IPO subscription opened on 31 Dec 2024, and closed on 02 Jan 2025
IPO allotment for Technichem Organics Ltd. was finalized on Friday, 03 Jan 2025
IPO listing for Technichem Organics Ltd. was on BSE on Tuesday, 07 Jan 2025
Technichem Organics Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 55.0 |
| Listing Open Price | 57.3 |
| Listing Close Price | 60.1 |
| Listing Gain% | 4.1% |
| Current Gain% | -18.8% |
Technichem Organics Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Technichem Organics Ltd. | 44.6 | 77.3 | 28.4 | -0.9 | 1.3 | 5.6 | 3.5 | 57.8 | 0.7 | 2.7 | -32.4 | 1.6 | -32.4 |
| Pidilite Industries Ltd. | 1685 | 171497.7 | 64.7 | 3 | 11.1 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2610 | 77366.9 | 35.8 | 0.7 | 4.6 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4484 | 49256.7 | 85.2 | 14.5 | 9.9 | 7.3 | 4.9 | 5038 | 3.8 | 578 | 5.8 | 52.6 | 5.9 |
| Himadri Speciality Chemical Ltd. | 772 | 38954.6 | 48.7 | 1.6 | 7.8 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Aether Industries Ltd. | 1597.5 | 21200.8 | 90.1 | 2.7 | 17.3 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
Technichem Organics Ltd. INFORMATION ON IPO ISSUE
About Technichem Organics Ltd.
Technichem Organics Ltd. was incorporated on February 27, 1996. The company manufactures a wide range of chemicals, including Pyrazoles, Pyrazolones, Specialty Chemicals, Pigment & Dye Intermediates, and Air Oxidation Chemistry, serving industries like pharmaceuticals, agriculture, coatings, pigments, and dyes
Object of the Issue
- Funding of capital expenditure requirements of the company towards setting up of a new plant
- Repayment or prepayment, in full or in part, of certain borrowings availed by the company from banks, financial institutions and non-banking financial companies
- General corporate purposes
Technichem Organics Ltd. - PROMOTERS
| Name |
|---|
| Bharat Jayantilal Pandya |
| Pandya Anilkumar Jayantilal |
Technichem Organics Ltd. Lead Manager of the Issue
Shreni Shares Limited
shrenishares@gmail.com
Technichem Organics Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Technichem Organics Ltd. Strengths
Multi-product capability
The company specializes in manufacturing chemical intermediates using complex and advanced chemistry, with applications in agrochemicals, coatings, pharmaceuticals, dyes, and pigments
Core focus on consistent R&D
The company is technology-driven, and supported by a robust R&D department and advanced laboratories. It focuses on upgrading technology, reducing costs, pilot research, improving quality, optimizing resources, and developing new products
Focus on Quality, Environment, Health and Safety
The company prioritizes quality, environment, health, and safety, maintaining high standards across manufacturing, supply chain, and delivery. Robust quality systems ensure consistent product quality, efficacy, and safety
Technichem Organics Ltd. Risks
Depend on limited customers
The company relies heavily on key customers for a significant portion of its revenue and lacks long-term contracts with many of them. Losing any of these customers could adversely affect profitability and operations
Dependent on vendors for raw materials
The company relies on a specific supplier for raw materials and lacks long-term agreements. Any increase in cost, or a shortfall in availability or quality, could adversely affect its business, financial condition, and operations
Lack of process patents
The company lacks patents for its processes, leaving its intellectual property unprotected, which could adversely impact its business and operations
IPO FAQs
The promoters of the company are Bharat Jayantilal Pandya and Pandya Anilkumar Jayantilal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 52.0 - 55.0.
The IPO application opens on Dec 31, 2024 and closes on Jan 02, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 104,000.0, the maximum value for this IPO is Rs 110,000.0.
This IPO will be allotted on Jan 03, 2025.
The refund will be credited to your account on Jan 06, 2025.
The allotted shares will be credited to your demat on Jan 06, 2025.
Technichem Organics Ltd.’s shares listed on the stock exchanges on Jan 07, 2025.