Technichem Organics IPO is a book-built issue worth ₹25.25 crores. The entire issue comprises a fresh issue of 45.90 lakh shares.
The subscription for the Technichem Organics IPO will open on December 31, 2024, and close on January 2, 2025. The allotment of shares is expected to be finalized on Friday, January 3, 2025. The IPO is set to list on the BSE SME platform, with a tentative listing date scheduled for Tuesday, January 7, 2025.
Technichem Organics operates in the chemicals sector, specifically focusing on the manufacturing of a diverse range of chemicals. Their product portfolio includes Pyrazoles, Pyrazolones, Specialty Chemicals, Pigment & Dye Intermediates, and Air Oxidation Chemistry. These products serve various industries such as pharmaceuticals, agriculture, coatings, pigments, dyes, and more.
The price band for Technichem Organics IPO is set between ₹52 and ₹55 per share. Investors must apply for a minimum lot size of 2,000 shares, requiring a minimum investment of ₹1,10,000 for retail investors. High Net-worth Individuals (HNIs) need to invest in at least two lots, or 4,000 shares, amounting to ₹2,20,000.
Shreni Shares Limited is both the book-running lead manager and the market maker for this IPO, while Bigshare Services Pvt Ltd serves as the registrar.
Technichem Organics IPO Details:
| Company Name | Technichem Organics Limited |
| Sector | Chemicals |
| IPO Type | SME |
| IPO Open date | 31st Dec 2024 |
| IPO Close date | 02nd Jan 2025 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Technichem Organics IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,10,000 |
| HNI (Min) | 2 | 4000 | 2,20,000 |
Technichem Organics IPO Timeline:
| IPO Open Date | 31st Dec 2024 |
| IPO Close Date | 02nd Jan 2025 |
| Basis of Allotment | 03rd Jan 2025 |
| Refund Initiation Date | 06th Jan 2025 |
| Shares Credit to Demat | 06th Jan 2025 |
| Listing Date | 07th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Technichem Organics’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Chemicals Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Technichem Organics and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
