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The Technichem Organics IPO is a book-built issue worth ₹25.25 crores, consisting entirely of fresh issuance of 45.90 lakh shares.
The bidding window for the IPO opens on December 31, 2024, and closes on January 2, 2025. The allotment of shares is anticipated to be finalized on Friday, January 3, 2025. Technichem Organics is set to debut on the BSE SME platform, with the tentative listing date scheduled for Tuesday, January 7, 2025.
The IPO's price band is fixed between ₹52 and ₹55 per share. Investors can apply for a minimum lot size of 2,000 shares. For retail investors, the minimum investment required is ₹1,10,000, while High Net Worth Individuals (HNIs) need to invest in at least two lots (4,000 shares), amounting to ₹2,20,000.
| IPO Date | December 31, 2024 to January 2, 2025 |
| Listing Date | 7th January |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹55 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 45,90,000 shares (aggregating up to ₹25.25 Cr) |
| Fresh Issue | 45,90,000 shares (aggregating up to ₹ 25.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,27,31,250 shares |
| Share Holding Post Issue | 1,73,21,250 shares |
| Market Maker Portion | Share Holding Pre-Issue |
| IPO Open Date | Tuesday, December 31, 2024 |
| IPO Close Date | Thursday, January 2, 2025 |
| Basis of Allotment | Friday, January 3, 2025 |
| Initiation of Refunds | Monday, January 6, 2025 |
| Credit of Shares to Demat | Monday, January 6, 2025 |
| Listing Date | Tuesday, January 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 2, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 12,98,000 (28.28%) |
| Market Maker Shares Offered | 2,52,000 (5.49%) |
| QIB Shares Offered | 8,68,000 (18.91%) |
| NII (HNI) Shares Offered | 6,52,000 (14.2%) |
| Retail Shares Offered | 15,20,000 (33.12%) |
| Total Shares Offered | 45,90,000 (100%) |
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,743.17 | 5,247.32 | 4,424.63 | 4,416.56 |
| Revenue | 1,487.89 | 4,696.84 | 5,101.97 | 6,778.63 |
| Profit After Tax | 140.46 | 472.68 | 172.93 | 342.06 |
| Net Worth | 2,102.5 | 1,962.04 | 1,489.36 | 1,316.43 |
| Reserves and Surplus | 829.37 | 1,707.42 | 1,234.74 | 1,061.81 |
| Total Borrowing | 1,658.31 | 1,763.94 | 1,562.15 | 1,017.26 |
Maximizing Opportunities with Technichem Organics IPO
The Technichem Organics Limited IPO presents an exciting opportunity for investors, especially those exploring options in the SME segment. With a well-defined price band, a reasonable lot size for retail and HNI investors, and a robust timeline, the IPO is set to attract significant attention. The company's Is decision to list on the BSE SME platform highlights its focus on expanding its presence and capitalizing on growth opportunities. It is a promising IPO with strong GMP and solid subscription trends. Invest Wisely.
