Technichem Organics manufactures various chemicals, Including pyrazolones, Specialty chemicals, pigment and dye intermediates, and air oxidation industry. The business is continuously expanding its product portfolio through R&D efforts. Its products are used in various industries, including agriculture, coatings, pigments, pharmaceuticals, and dyes.
Technichem Organics IPO open date is December 31, 2024 and the IPO will close on January 2, 2025. Technichem Organics IPO price band is ₹52 to ₹55 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Technichem Organics IPO to list on BSE on January 7, 2025.
The allotment of Technichem Organics IPO date is January 3, 2025. The company reported revenue of ₹46.39 crores in 2024 against ₹50.36 crore in 2023. The company reported profit of ₹4.73 crores in 2024 against Profit of ₹1.73 crores in 2023.
Technichem Organics IPO Details
| PO Open Date: | December 31, 2024 |
| IPO Close Date: | January 2, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹52 to ₹55 Per Share |
| Issue Size: | Approx ₹25.25 Crores |
| Fresh Issue: | Approx ₹25.25 Crores |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Technichem Organics IPO Timeline
The Technichem Organics IPO date is December 31 and the close date is January 2. The Technichem Organics IPO allotment will be finalized on January 3 and the IPO listing on January 7.
| IPO Open Date: | December 31, 2024 |
| IPO Close Date: | January 2, 2025 |
| Basis of Allotment: | January 3, 2025 |
| Refunds: | January 6, 2025 |
| Credit to Demat Account: | January 6, 2025 |
| IPO Listing Date: | January 7, 2025 |
Technichem Organics IPO Market Lot
The Technichem Organics IPO minimum market lot is 2,000 shares with ₹1,10,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2,000 | ₹1,10,000 |
| Retail Maximum | 1 | 2,000 | ₹1,10,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,20,000 |
Technichem Organics Limited: Financial Performance and Key Highlights
Technichem Organics Limited’s revenue decreased by -8% and profit after tax (PAT) rose by 173% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 |
