₹ 110000
₹52- ₹55
2000
₹57
4
2 Jan 2025
Download6 Jan 2025
7 Jan 2025
Application Details
The Technichem Organics IPO is scheduled to open on December 31, 2024, and close on January 2, 2025. With a face value of ₹10 per share, the price band has been set between ₹52 to ₹55 per share. Investors can apply in lots of 2,000 shares, with the total issue size comprising 45,90,000 shares, aggregating to ₹25.25 crore. This IPO is a Book Built Issue, entirely comprising a fresh issue of shares. Post-issue, the company's shareholding will increase from 1,27,31,250 shares to 1,73,21,250 shares, and it will be listed on the BSE SME platform.
The IPO timeline tentatively sets the basis of allotment for January 3, 2025, with refunds initiated and shares credited to demat accounts by January 6, 2025. The listing date is expected to be January 7, 2025. Retail investors can apply for a minimum of one lot (2,000 shares) amounting to ₹1,10,000, while HNI investors can apply for a minimum of two lots (4,000 shares) totalling ₹2,20,000.
The IPO allocates shares across investor categories, with not more than 50% of the net issue reserved for Qualified Institutional Buyers (QIB), not less than 35% for retail investors, and not less than 15% for Non-Institutional Investors (NII).
About Technichem Organics Limited (SME IPO)
Incorporated in 1996, Technichem Organics Limited specializes in manufacturing various chemicals, including speciality chemicals, pigment and dye intermediates, and air oxidation chemistry products. Its diverse offerings cater to various industries, such as pharmaceuticals, agriculture, coatings, pigments, and dyes, highlighting the versatility and adaptability of its product line.
The company is committed to delivering high-quality, precise chemical compounds and raw materials tailored to meet the specific needs of the agrochemical, coating, pharmaceutical, dye, pigment, and speciality chemical sectors. All its products are manufactured in-house, ensuring consistent quality and reliability.
With an annual manufacturing capacity of 950,000 kg, Technichem operates three plants across its 26,079-square-meter facility. The company has a strong global footprint, serving clients in approximately 11 countries, with significant exports to China further establishing its international presence.
Technichem places a strong emphasis on quality, environmental sustainability, health, and safety. It recognizes that maintaining high standards is essential for long-term growth. To achieve this, the company has implemented comprehensive quality systems across its manufacturing and business processes, from production and supply chain management to final product delivery.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.