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Objective of the Issue
The Company intends to utilize the Net Proceeds from the Issue towards funding 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.
- General corporate purposes.
IPO Details, Price, Market Lot
| Technichem Organics SME IPO Details | |
| IPO Open Date | 31 December 2024 |
| IPO Close Date | 2 January 2025 |
| IPO Issue Size | 45,90,000 Shares (Aggregating up to ₹25.25 Cr) |
| Fresh Issue | 45,90,000 Shares (Aggregating up to ₹25.25 Cr) |
| Offer for Sale | NIL |
| Retail Portion | Not less than 35.00% of the offer |
| NII Portion | Not less than 15.00% of the offer |
| QIB Portion | Not more than 50.00% of the offer |
| Listing At | BSE SME |
| Technichem Organics SME IPO Price | |
| Face Value | ₹10 Per Share |
| IPO Price Band | ₹52 to ₹55 Per Share |
| Employee Discount | — |
| IPO Issue Type | Book Built Issue |
| Technichem Organics SME IPO Market Lot For Retail Investor | |
| No. of Shares Per Lot | 2000 Shares |
| Minimum Lot Size | 1 Lot (2000 Shares) |
| Minimum Amount (Cut-off price) | ₹1,10,000 |
| Maximum Lot Size | 1 Lot (2000 Shares) |
| Maximum Amount (Cut-off price) | ₹1,10,000 |
| Technichem Organics SME IPO Market Lot For HNI | |
| No. of Shares Per Lot | 2000 Shares |
| Minimum Lot Size | 2 Lots (4000 Shares) |
| Minimum Amount (Cut-off price) | ₹2,20,000 |
IPO Date, Listing Date, Allotment Date
| Technichem Organics SME IPO Time Table (Tentative) | |
| IPO Open Date | 31 December 2024 |
| IPO Close Date | 2 January 2025 |
| Basis of Allotment Date | 3 January 2025 |
| Initiation of Refunds | 6 January 2025 |
| Credit of Share to Demat Account | 6 January 2025 |
| IPO Listing Date | 7 January 2025 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 30 June 2024 | 5,743.17 | 1,487.89 | 140.46 | 2,102.5 | 1,658.31 |
| 31 March 2024 | 5,247.32 | 4,696.84 | 472.68 | 1,962.04 | 1,763.94 |
| 31 March 2023 | 4,424.63 | 5,101.97 | 172.93 | 1,489.36 | 1,562.15 |
| 31 March 2022 | 4,416.56 | 6,778.63 | 342.06 | 1,316.43 | 1,017.26 |
| Period Ended | 30 June 2024 | 31 March 2024 | 31 March 2023 | 31 March 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 |
| P A T | 140.46 | 472.68 | 172.93 | 342.06 |
| Net Worth | 2,102.5 | 1,962.04 | 1,489.36 | 1,316.43 |
| Borrowings | 1,658.31 | 1,763.94 | 1,562.15 | 1,017.26 |
| Amount in ₹ Lakh | ||||
Company Promotor & Promotor’s Holding
Mr. Bharat Jayantilal Pandya and Mr. Pandya Anilkumar Jayantilal are the promoters of the company.
| Pre Issue Promotor Holding | 97.64% |
| Post Issue Promotor Holding | 71.77% |
Company Address
Technichem Organics Limited
5th Floor, Malak Complex, Behind Old Gujarat High Court, Navrangpura, Ahmedabad 380009
Phone: 079-27543722
Email: investors@technichemorganics.com
Website: http://www.technichemorganics.com/
IPO Registrar, Lead Manager, Prospectus
| Technichem Organics SME IPO Prospectus |
| Technichem Organics SME IPO Registrar |
| Bigshare Services Pvt Ltd |
| Technichem Organics SME IPO Lead Manager |
| Shreni Shares Limited |