IPO

Technichem Organics Ltd. IPO

Technichem Organics Ltd., established in 1996, operates in the Chemicals - Others sector. The company's IPO opened on December 31, 2024 and closed on January 2, 2025, with an issue price of ₹55. The ... Read more

Min Investment
₹ 1,10,000 / 2000 shares
Price Range
₹52 - ₹ 55
Bidding Dates
31 Dec '24 - 2 Jan '25
Total Issue Value
25.25 Cr
Lot Size
2,000
Total Issue Size
25.25 Cr
Listing At
NSE SME

IPO Timeline

  • 31 Dec 2024
    Bidding Starts
  • 2 Jan 2025
    Bidding Ends
  • 3 Jan 2025
    Allotment Finalization
  • 7 Jan 2025
    Listing

About Technichem Organics Ltd.

Our Company is mainly engaged in the business of manufacturing of a wide range of chemicals, Pyrazoles, Pyrazolones, Speciality Chemicals, Pigment & Dye Intermediates and Air Oxidation Chemistry that serves multiple industries.

Parent organisation
Founded
Technichem Organics Ltd.
1996

Technichem Organics Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 12,98,000 (28.28%)
Market Makers 2,52,000 (5.49%)
Non Institutional Investors 6,52,000 (14.2%)
Qualified Institutional Buyers (QIBs) 8,68,000 (18.91%)
Retail Individual Investors (RIIs) 15,20,000 (33.12%)

Technichem Organics Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 46.97 Cr 4.73 Cr 17.07 Cr
31 Mar 2023 51.02 Cr 1.73 Cr 12.35 Cr
31 Mar 2022 67.79 Cr 3.42 Cr 10.62 Cr

Technichem Organics Ltd. Background

Our Company was originally incorporated under the name “Technichem Organics Private Limited” under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated February 27, 1996, issued by the Registrar of Companies Gujarat. Subsequently, the status of the Company ...

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Major Events And Milestones
  • 1996
    Incorporation of our Company as private limited company
    Purchase of Factory land.
    Registered with Income Tax and DGFT.
  • 1997
    Got Licence to work as Factory
    Raised our 1st Invoice to M/s. Nemichem Industries
  • 2000
    First Export Sales to Germany.
  • 2015
    ISO 9001:2008 in accordance with the requirements of Quality Management System
    ISO 14001:2004 in accordance with the requirements of Environmental Management System
  • 2017
    Registration under GST.
  • 2018
    Purchase of Industrial Plot at Saykha GIDC.
  • 2019
    Environment Clearance from Govt. of India for production of 7200 MT per year at Khambhat site.
  • 2020
    Obtained One Star Export House Status.
    Increased Power Sanctioned Load up to 475 KVA.
  • 2021
    Granted CTE & CCA from GPCB for enhanced production of 350 MT Per month.
  • 2023
    Introduced Air Oxidation Chemistry to increase Products Range
  • 2024
    Purchase further 6,879 square meters land at Khambhat sit making total area of 2,6079 square meters.
    Conversion of our Company from Private Limited to Public Limited Company
Technichem Organics Ltd. Object of Issues

1. Funding of capital expenditure requirements of our Company towards setting up of a new plant named as “Plant –4”
2. Repayment or prepayment, in full or in part, of certain borrowings availed by our Company from banks, financial institutions and non-banking financial companies
3. General corporate purposes

Technichem Organics Ltd. IPO Listing Details
Listing Date
7 Jan 2025
ISIN
INE0ZHT01012
Final Issue Price
₹ 55
Technichem Organics Ltd. Company Promoters

1. Mr. Bharat Jayantilal Pandya
2. Mr. Pandya Anilkumar Jayantilal

Industry Overview

Covering more than 80,000 commercial products, India’s chemical industry is extremely diversified and can be broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers, and fertilisers. Globally, India is the fourth-largest producer of agrochemicals ... Read more

Technichem Organics Ltd. Contact Details
Address: 5th Floor, Malak Complex, Behind Old Gujarat High Court, Navrangpura, Ahmedabad Gujarat - 380009
Phone no:27543722
27543722
|
Technichem Organics Ltd. IPO Registrar
Bigshare Services Pvt. Ltd.
S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai Maharashtra - 400093
62638200
Technichem Organics Ltd. IPO Lead Manager(s)
Shreni Shares Ltd.
No. 217, Hive 67 Icon, Poisar Gymkhana Road, Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall, Kandivali West, Mumbai Maharashtra - 400067
20897022

FAQs

When does Technichem Organics Ltd. IPO opens and closes?

Technichem Organics Ltd. IPO opens from 31st December to 2nd January 2025.

What is the size of Technichem Organics Ltd. IPO?

The size of the Technichem Organics Ltd. IPO is ₹25.25 Cr.

What is the price range of Technichem Organics Ltd. IPO?

The price range of Technichem Organics Ltd. IPO is at ₹52 to ₹55 per share.

What is the minimum investment and lot size required for the Technichem Organics Ltd. IPO?

The minimum investment required is ₹1,10,000 and minimum lot size is 2000 shares.

When is Technichem Organics Ltd. IPO listing date?

The Technichem Organics Ltd. IPO will be listed on 7th January 2025.

What is the objective of Technichem Organics Ltd. IPO?

1. Funding of capital expenditure requirements of our Company towards setting up of a new plant named as “Plant –4”
2. Repayment or prepayment, in full or in part, of certain borrowings availed by our Company from banks, financial institutions and non-banking financial companies
3. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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