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Technichem Organics : Technichem Organics shares get listed at 4% premium!

Technichem Organics shares debuted on BSE at ₹57.25, a 4.09% premium over the IPO price, signaling a modest yet encouraging start for the company in the stock market.
Technichem Organics shares debuted at ₹57.25 on BSE, with a 4.09% premium IPO.
Technichem Organics shares debuted at ₹57.25 on BSE, with a 4.09% premium IPO.

Technichem Organics shares debuted on the BSE at ₹57.25 per share, reflecting a 4.09% premium over its IPO price, indicating a modest yet positive start for the company’s stock in the market.

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Technichem Organics IPO witnessed an overwhelming response on Day 3, with a subscription rate of 425.09 times. This extraordinary demand highlights strong investor confidence in the company’s potential and growth prospects, marking a highly successful conclusion to the subscription period.

Also Read: Financially strong stocks under ₹100 trading at discount of 32% to keep an eye on

Technichem Organics Limited, established in 1996, manufactures a wide range of chemicals including specialty chemicals, pigment, and dye intermediates. It serves diverse sectors like pharmaceuticals and agriculture, focusing on high-quality production. With a manufacturing capacity of 950,000 kg, it operates globally in 11 countries, emphasizing quality and safety across all operations.

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Also Read: Indo Farm Equipment : Indo Farm Equipment shares get listed at 20% premium!

Technichem Organics Ltd IPO aims to establish Plant-4 with ₹7.03 crore, repay ₹10.23 crore borrowings, and allocate funds for corporate purposes, enhancing R&D, manufacturing, and distribution capabilities.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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