Technichem Organics IPO

Technichem Organics IPO: 45,90,000 fresh equity shares worth INR 25.25 crores to fund new plant setup, repay loans, and for general corporate purposes.

Important Details

Open Date : December 31, 2024 Close Date : January 2, 2025 Allotment Date: January 3, 2025 Listing Date: January 7, 2025

Important Details

IPO Price: INR 52-55 per share Lot Size: 2000 Shares Total Issue Size: INR 25.25 crores

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Peer Comparison

Technichem Organics IPO Comparison: 1. Technichem Organics: 24.09% RoNW, ₹15.41 NAV/share. 2. Ami Organics: ₹183.05 NAV, P/E of 178.25. 3. Anupam Rasayan: ₹249.26 NAV, 4.29% RoNW. 4. Chemcrux Enterprises: P/E of 32.60, 12.60% RoNW.

Objective

Technichem Organics IPO Objective: 1. INR 7.03 crores: Establish new plant. 2. INR 10.23 crores: Repay borrowings. 3. Balance funds: General corporate purposes, including R&D, manufacturing, and distribution

Risks And Challenges

Technichem Organics IPO Risks: 1. Negative cash flows may hinder growth. 2. Reliance on pharma chemicals, pigments, and specialty chemicals. 3. Demand fluctuations are a key risk.