Technichem Organics IPO

Technichem Organics IPO opens for subscription on December 31, 2024 and closes on January 2, 2025. The allotment for the Technichem Organics IPO is expected to be finalized on Friday, January 3, 2025. Technichem Organics IPO will list on BSE SME with tentative listing date fixed as Tuesday, January 7, 2025.

Technichem Organics IPO price band is set at ₹52 to ₹55 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,10,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,20,000.

Technichem Organics IPO is a book built issue of Rs 25.25 crores. The issue is entirely a fresh issue of 45.90 lakh shares.

Technichem Organics IPO Details

Technichem Organics IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Technichem Organics IPO Objectives

The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:

1. Funding of capital expenditure requirements of the Company towards setting up of a new plant named as “Plant 4”
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
3. General corporate purposes

About Technichem Organics 

Incorporated in 1996, Technichem Organics 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 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.

Competitive Strengths:

Long-standing relationships with diversified customers across geographies

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

Technichem Organics Financial Information

Technichem Organics IPO Reservation

Technichem Organics IPO Timeline (Tentative Schedule)

Technichem Organics IPO opens on December 31, 2024, and closes on January 2, 2025.