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Open
31 Dec, 2024 to 2 Jan, 2025
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Close
31 Dec, 2024 to 2 Jan, 2025
3
Allotment
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Listing
Tue, Jan 7, 2025
Price Band
₹52 to ₹55
Issue Size
45,90,000 shares (agg. up to ₹25 Cr)
Lot Size
2,000 Shares
Listing Date
Tue, Jan 7, 2025
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 297.53x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 57.43 | 52.47 | 44.25 | 44.17 |
| Total Income | 14.88 | 46.97 | 51.02 | 67.79 |
| Profit After Tax | 1.40 | 4.73 | 1.73 | 3.42 |
| NET Worth | 21.03 | 19.62 | 14.89 | 13.16 |
| Reserves and Surplus | 8.29 | 17.07 | 12.35 | 10.62 |
| Total Borrowing | 16.58 | 17.64 | 15.62 | 10.17 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Indian Phosphate Ltd. | SME | ₹67.36 Cr | ₹99 | 14.88 | ₹178.70 | +80.51% | ₹53.40 (-1.29%) |
| Indian Emulsifiers Ltd. | SME | ₹42.39 Cr | ₹132 | 30.54 | ₹451.50 | +242.05% | ₹40.45 (-3.00%) |
| Silkflex Polymers (India) Ltd. | SME | ₹18.11 Cr | ₹52 | 53.76 | ₹58.70 | +12.88% | ₹198.65 (-2.55%) |
| Kronox Lab Sciences Ltd. | Mainboard | ₹130.15 Cr | ₹136 | 30.37 | ₹159.32 | +17.15% | ₹151.94 (+0.70%) |
| Platinum Industries Ltd. | Mainboard | ₹235.32 Cr | ₹171 | 18.73 | ₹221.20 | +29.36% | ₹229.36 (+1.19%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards setting up of a new plant named as “Plant –4”; | 7.04 |
| 2 | Repayment or prepayment, in full or in part, of certain borrowings availed by the Company from banks, financial institutions and non-banking financial companies; | 10.24 |
| 3 | General corporate purposes; | 5.26 |
About Technichem Organics IPO
Incorporated in 1996, Technichem Organics Limited is engaged in the business of manufacturing a various range of chemicals, Speciality Chemicals, Pigment & Dye Intermediates and Air Oxidation Chemistry. The company serves a variety of industries, including pharmaceuticals, agriculture, coatings, pigments, dyes, and more, showcasing the versatility of its products. They focus on delivering high-quality, precise chemical compounds and raw materials tailored for agrochemical, coating, pharma, dye, pigment, and specialty chemical sectors, with all manufacturing done in-house. The company has an annual manufacturing capacity of 950,000 kg. It operates three plants at its facility, which covers an area of 26,079 square meters. The company has a global presence, operating in approximately 11 countries, with significant exports directed to China. The company focuses on quality, environment, health, and safety, recognizing that maintaining high product standards is key to growth. Across its manufacturing facilities, the company has implemented quality systems covering all business processes, from manufacturing and supply chain to product delivery. Business Model: Manufacturing of specialty
Contact Details
Technichem Organics Ltd. Address5th Floor, Malak ComplexBehind Old Gujarat High CourtNavrangpuraAhmedabad, Gujarat, 380009079-27543722investors@technichemorganics.comVisit Website