Technichem Organics
CLOSEDIPO Date: 31 Dec - 2 Jan 2025
Listing Date: 7 Jan 2025
Price Range
₹52 – ₹55 per share
Issue Size
25 Cr
Min Investment
₹1,04,000
Lot Size
2000 Shares
Schedule of Technichem Organics
Issue open date
31 Dec 2024
Issue close date
2 Jan 2025
UPI mandate deadline
2 Jan 2025 (5 PM)
Allotment finalization
3 Jan 2025
Share credit
6 Jan 2025
Listing date
7 Jan 2025
Mandate end date
17 Jan 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 25 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 3 Jan 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 7 Jan 2025 | ₹55 | ₹17 | ₹72 (31%) |
| 6 Jan 2025 | ₹55 | ₹17 | ₹72 (30%) |
| 4 Jan 2025 | ₹55 | ₹15 | ₹70 (27%) |
| 3 Jan 2025 | ₹55 | ₹15 | ₹70 (27%) |
| 2 Jan 2025 | ₹55 | ₹15 | ₹70 (27%) |
| 1 Jan 2025 | ₹55 | ₹15 | ₹70 (27%) |
| 31 Dec 2024 | ₹55 | ₹15 | ₹70 (27%) |
| 30 Dec 2024 | ₹55 | ₹11 | ₹66 (20%) |
Performance Technichem Organics
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹52 – ₹55 per share | ₹ 63 (14.75%) | ₹ 47.69 | -13.29% |
About Technichem Organics
Incorporated in 1996, Technichem Organics manufactures a diverse range of chemicals, including pyrazoles, pyrazolones, specialty chemicals, pigment and dye intermediates, and products utilizing air oxidation chemistry. These serve industries such as pharmaceuticals, agriculture, coatings, pigments, and dyes, showcasing versatility and a broad market reach. Operating across 11 countries, the company benefits from a global perspective on market trends and dynamics. A significant portion of exports goes to China, highlighting cost-effective molecule synthesis and competitive pricing achieved through a strong R&D focus. The company’s adaptability to various chemical processes enables it to meet diverse customer needs and respond to emerging trends.
| Founded in | 1996 |
| Managing director | Mr. Bharat Jayantilal Pandya |
| Parent organization | Technichem Organics Ltd |
Financial Overview
Strengths
- Multi-product manufacturing capability
- Integrated production facilities for cost efficiency
- Strong focus on R&D and value engineering
- Commitment to quality, environment, health, and safety
- Experienced and skilled promoters and management team
- Efficient supply chain operations for market responsiveness
- Long-standing relationships with diversified global customers
- Robust infrastructure and technology-driven production
- Diverse applications of products across industries
Risks
- Dependence on key customers without long-term contracts impacts stability.
- Limited control over supplier dependency affecting operational efficiency.
- Foreign currency exchange risks due to export-oriented revenue model.
- Compliance with stringent environmental laws increases operational costs.
- High competition from organized and unorganized industry players.
- Delay in customer payments could affect cash flow and profitability.
- Fluctuating raw material prices may impact profit margins significantly.
- Political and economic instability in export markets poses challenges.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 101 |
| Non-Institutional Investors (NIIs) | 1078.9 |
| Retail Individual Investors (RIIs) | 329.43 |
| Employee | N/A |
| Total | 425.09 |