Technichem Organics Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,166,000 (47%) | — | ₹1,191 Cr |
| NII (HNI) | — | 652,000 (14%) | — | ₹359 Cr |
| Retail | — | 1,520,000 (33%) | — | ₹836 Cr |
| Market Maker | — | 252,000 (5%) | — | ₹14 Cr |
| Σ Total | — | 4,590,000 (100%) | — | ₹25,245 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹110,000 |
| Retail (Max) | 13 | 26,000 | ₹1,430,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,540,000 |
| B-HNI (Min) | 67 | 134,000 | ₹7,370,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 1,488 | 4,697 | 5,102 |
| Profit After Tax | 140 | 473 | 173 |
| Net Worth | 2,103 | 1,962 | 1,489 |
| Total Assets | 5,743 | 5,247 | 4,425 |
| Reserves & Surplus | 829 | 1,707 | 1,235 |
| Total Borrowing | 1,658 | 1,764 | 1,562 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 –
Company Overview
Incorporated in 1996, Technichem Organics Limited 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:
- 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
- Long-standing relationships with diversified customers across geographies