December 26, 2024
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Technichem Organics IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com, a legacy of 31 Years.
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Technichem Organics listing Review
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Technichem Organics IPO allotment Link
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Subscription status of Citichem India IPO
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Technichem Organics IPO (Day 1) Price Rs. ? Lot ? shares, Rs.? Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Technichem Organics?
The 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, including pharmaceuticals, agriculture, coatings, pigments, dyes and others. This wide array of end uses highlights the extensive and versatile nature of its product offerings. Its extensive and varied portfolio ensures that we are not confined to one sector. This strategic diversification safeguards it from potential downturns in any single market, providing stability and resilience. The Company boasts a global presence, operating in around 11 countries.
Since 1996, it has started its journey with the production of pyrazolones & pyrazoles and as & when times goes by, it has developed & commercialize intermediates for multiple applications. It is having manufacturing capacity of 9,50,000 kg per annum. It has three plants at its factory and its factory area is spreaded in 26,079 squares meters.
Get more information about the company @ www.technichemorganics.com
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Technichem Organics IPO Details |
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| IPO opens on | 27 December 2024 |
| IPO closes on | 2 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4590000 Shares / Rs 25.25 Crore |
| * Fresh Issue | 4590000 Shares / Rs 25.25 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | Shares |
| Net offer to Public | ? Shares/ Rs.? Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 55 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 2295000 | 12.62 |
| NII (15%) | 688500 | 3.79 |
| RII (35%) | 1606500 | 8.84 |
| Total Shares | 4590000 | 25.25 |
| Retail portion will be oversubscribed by |
803 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.110000 |
| Min HNI Application | 4000 Shares | Rs. 220000 |
Who are the Promoters of Technichem Organics?
THE PROMOTERS OF OUR COMPANY ARE MR. BHARAT JAYANTILAL PANDYA AND MR. PANDYA ANILKUMAR JAYANTILAL
What are the Objects of Technichem Organics IPO?
The Offer comprises of fresh issue of shares.
The Company intends to utilize the proceeds towards the following objects:
- 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:
Tentative timetable |
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| IPO opens on | 31 December 2024 |
| IPO Closes on | 2 Janaury 2025 |
| IPO Allotment on | 3 January 2025 |
| Refund Initiation | 6 January 2025 |
| Credit of Shares | 6 January 2025 |
| Listing on | 7 January 2025 |
| Registered Office of the Company 5th Floor, Malak Complex, Behind Old Gujarat High Court, Navrangpura, Ahmedabad, Gujarat-380009, India |
| Who is the Lead Manager of this IPO? Shreni Share ltd |
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Who is the Registrar to IPO? |
Technichem Organics IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Technichem Organics IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 67.79 | 3.42 | 2.98 | 25.98 |
| 2022-23 | 51.02 | 1.73 | 1.36 | 11.61 |
| 2023-24 | 46.77 | 4.73 | 3.71 | 24.09 |
| Book Value of the Share on 30.09.2024 |
Rs | 15.41 | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 55 | ||
Key Performance
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| Price/EPS of 23-24 | 14.82 |
| Price/BV Ratio | 3.57 |
| Debt/Equity Ratio | ? |
How Technichem Organics IPO compares with the Peers?
| As on date of RHP | FV | PBV | PE |
| Rs. | Ratio | Ratio of | |
| Technichem Organics | 10 | 24.09 | 14.82 |
| Ami Organics | 10 | 6.47 | 108.93 |
| Anupam Rasayan | 10 | 4.29 | 72.12 |
| Chemcrux Enterprise | 10 | 12.60 | 35.95 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Technichem Organics IPO Review by Paresh Gordhandas, CA & Research Analyst.
The 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, including pharmaceuticals, agriculture, coatings, pigments, dyes and others. The company has made strong profits and consistent turnover during last 3 years. It is good to see a SME IPO where you feel there is no accouting manipulation. The shares are offered at very reasonable valuation.
Thelead manager has strong track record of providing decent listings. From fundamental angle, the IPO has positive features. If the IPO can command premium in the grey market, then there are all chances of huge oversubscription and bumper listings.
+ from fundamental angle: Apply
+ from grey market angle:
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