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.
The Company’s Business Model:
- Manufacturing of specialty chemicals and intermediates: Manufactures specialty chemicals, which are primarily chemical components that find use in agrochemicals, coating, pharma, dyes, and pigments.
- Custom manufacturing: The Company also can manufacture intermediates and other specialty chemicals on a make-to-order basis.
- Contract manufacturing/exclusive manufacturing: The company customizes products according to customer requirements and offers them under confidentiality agreements. Their product range includes pharmaceuticals, coating applications, specialty chemicals, and more.
As of June 30, 2024, the company has 72 employees.
Technichem Organics IPO – Details
| IPO Opening Date | 31 December 2024 |
| IPO Closing Date | 02 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 45,90,000 Shares Worth ₹25.25 Crore Fresh Issue: 45,90,000 Shares Worth ₹25.25 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹52 – ₹55 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Technichem Organics IPO – Date Schedule
| IPO Open Date | 31 December 2024 |
| IPO Close Date | 02 January 2024 |
| Basis of Allotment | 03 January 2024 |
| Initiation of Refund | 06 January 2025 |
| Credit of Shares to Demat Account | 06 January 2025 |
| IPO Listing Date | 07 January 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 02, 2024 |
Technichem Organics IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
| HNI (Min) | 2 | 4000 | ₹2,20,000 |
Competitive Strengths
- Multi-product capability.
- Established infrastructure and integrated production with cost efficiencies.
- Core Focus on consistent R&D, value engineering and to leverage complex chemistry and technology.
- Focus on Quality, Environment, Health and Safety.
- Experienced Promoters and management team.
- Supply Chain Efficiency.
- Long-standing relationships with diversified customers across geographies.
Company Promoters
- Mr. Bharat Jayantilal Pandya
- Mr. Pandya Anilkumar Jayantilal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 67.78 | 63.13 | 3.42 | 10.17 |
| 31 March 2023 | 51.01 | 48.63 | 1.72 | 15.62 |
| 31 March 2024 | 46.96 | 40.52 | 4.72 | 17.63 |
| 30 June 2024 | 14.87 | 13.02 | 1.40 | 16.58 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.39% |
| ROCE | 22.57% |
| Debt/Equity | 0.90 |
| RoNW | 24.09% |
| PAT Margin | 10.19 |
| Price to Book Value | 3.57 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.71 | 2.73 |
| P/E (x) | 14.81 | 20.15 |
Object Of The Issue
- Funding of capital expenditure requirements of the Company towards setting up of a new plant named as “Plant 4”.
- 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 IPO Promoter Holding
| Pre Issue Share Holding | 97.64% |
| Post Issue Share Holding | 71.77% |
Technichem Organics IPO Prospectus
Company Contact Information
| Technichem Organics Limited 5th Floor, Malak Complex, Behind Old Gujarat High Court, Navrangpura, Ahmedabad 380009 Phone: 079-27543722 Email: investors@technichemorganics.com Website: http://www.technichemorganics.com/ |
Technichem Organics IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Technichem Organics IPO Lead Manager(s)
| 1. Shreni Shares Limited |
Technichem Organics IPO FAQs
| What is Technichem Organics IPO? Technichem Organics IPO is an SME IPO. The issue is priced at ₹52 and ₹55 per equity share. The IPO is to be listed on BSE SME. |
| When Technichem Organics IPO will open? The IPO is to open on 31 December 2024 for QIB, NII, and Retail Investors. |
| What is Technichem Organics IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Technichem Organics IPO? You can apply Technichem Organics IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Technichem Organics IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Technichem Organics IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Technichem Organics IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Technichem Organics IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Technichem Organics IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Technichem Organics IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Technichem Organics IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Technichem Organics IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Technichem Organics IPO Size? Technichem Organics IPO size is ₹25.25 Crore. |
| What is Technichem Organics IPO Price Band? Technichem Organics IPO Price Band is ₹52 – ₹55. |
| What is Technichem Organics IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2,000 Shares with ₹1,10,000 amount while the maximum bid is 2,000 Shares with ₹1,10,000. |
| What is the Technichem Organics IPO Allotment Date? Technichem Organics IPO allotment date is 03 January 2024. |
| What is the Technichem Organics IPO Listing Date? Technichem Organics IPO listing date is 07 January 2025. The IPO is to be listed on BSE SME. |
