Technichem Organics Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Technichem Organics Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹55
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,10,000
Issue Size
₹25.25 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Technichem Organics Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.64%
Promoter Holding (Post-Issue)
71.77%
Issue Type
Book Building - SME
ISIN
INE0ZHT01012
About the Company
Our Company is mainly engaged in the business of manufacturing of a wide range of chemicals, Pyrazoles, Pyrazolones, Speciality Chemicals, Pigment & Dye Intermediates and Air Oxidation Chemistry that serves multiple industries. We currently have 3 Plants named as Plant-1, Plant-2 and Plant-3 at our manufacturing facility located at Survey No. 342, 346 and 347, Village - Lunej, Khambhat-Golana Road, District - Anand, Gujarat - 388620, Gujarat, India.
Industry Overview
Covering more than 80,000 commercial products, India's chemical industry is extremely diversified and can be broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers, and fertilisers. Globally, India is the fourth-largest producer of agrochemicals after the United States, Japan and China. India accounts for 16-18% of the world's production of dyestuffs and dye intermediates.
Company History
Our Company was originally incorporated under the name "Technichem Organics Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated February 27, 1996, issued by the Registrar of Companies Gujarat. Subsequently, the status of the Company was changed to public limited and the name of our Company was changed to "Technichem Organics Limited" vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on April 30, 2024. The fresh certificate of incorporation consequent to conversion was issued on July 4, 2024, by Centralised Processing Centre. The Corporate Identification Number of our Company is U24231GJ1996PLC028917.
Growth Strategy
- Expansion and upgradation of our manufacturing facility.
- Expand our Geographical Presence.
- Shifting from "High Volume - Low Value" to "Low Volume and High Value.
- Continue to focus on operational efficiencies and improving productivity.
- Strengthen relationships with our existing customers and expand customer base.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 45,90,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Technichem Organics Limited ("The Company" or "Technichem" or "The Issuer") for cash at a price of Rs. 55 per equity share including a share premium of Rs. 45 per equity share (the "Issue Price") aggregating to Rs. 25.25 crores ("The Issue"), of which upto 2,52,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 55 per equity share including a share premium of Rs. 44 per equity share aggregating to Rs. 1.39 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of upto 43,38,000 equity shares of face value of Rs. 10/- each at a price of Rs. 55 per equity share including a share premium of Rs. 44 per equity share aggregating to Rs. 23.86 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.50 % and 25.04 % respectively of the post issue paid up equity share capital of the company. Issue price Rs. 55 per equity share of face value Rs. 10 each.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- The company is highly dependent on certain key customers for a substantial portion of its revenues and the company does not have long term contracts with all of these customers. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.
- The company depends on a certain supplier for its raw materials required for its operations and the company does not have long-term agreements with suppliers for its raw materials and an increase in the cost of, or a short fall in the availability or quality of such raw materials could have an adverse effect on its business, financial condition and results of operations.
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- The company does not possess patents for its processes, which may result in inadequate protection of its intellectual property rights. This could potentially have a substantial adverse effect on its business and operational outcomes.
- Its business is dependent and will continue to depends on the company manufacturing facilities, and its subject to certain risks in the company manufacturing process. Any slowdown or shutdown in its manufacturing operations or strikes, work stoppages or increased wage demands by its workers that could interfere with the company operations could have an adverse effect on its business, financial condition and results of operations.