Technichem Organics Limited is set to launch its public offering. The issue will open on 31 December, 2024, and it will close on 2 January, 2025. This is a Book Built Issue. Through this offering, the company aims to raise approximately ₹25.25 crores from potential investors.
The public offering consists of a total issue of 45,90,000 equity shares, comprising a Fresh Issue of 45,90,000 equity shares, amounting to ₹25.25 crores. There is no any offer for sale. The face value of the shares is ₹10 per share, and the issue price is set at ₹52 to ₹55 per share. Investors can bid for a minimum lot size of 2,000 shares.
Important Highlights of the Offer
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | 31 December, 2024 (Tuesday) |
| IPO Close Date | 2 January, 2025 (Thursday) | |
| Pricing Information | Face Value | ₹10 per equity share |
| Issue Price Range | ₹52 to ₹55 per share | |
| Offer Structure | Total Issue Size | 45,90,000 shares (amounting up to ₹25.25 Cr) |
| Fresh Issue | 45,90,000 shares (amounting up to ₹25.25 Cr) | |
| Offer for Sale | N/A | |
| Investor Details | Lot Size | 2,000 Shares |
| Listing Exchange | BSE SME | |
| IPO Type | Book Built Issue IPO | |
| Market Maker Portion | 2,52,000 shares |
Key Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | 31 December, 2024 (Tuesday) |
| IPO Closing Date | 2 January, 2025 (Thursday) |
| Basis of Allotment | 3 January, 2025 (Friday) |
| Initiation of Refunds | 6 January, 2025 (Monday) |
| Credit of Shares to Demat | 6 January, 2025 (Monday) |
| Listing Date | 7 January, 2025 (Tuesday) |
What is GMP of Technichem Organics IPO Today?
As of December 27, 2024, the Grey Market Premium (GMP) for the Technichem Organics IPO is ₹11. This indicates that the shares are expected to list at approximately ₹66 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Key Financial Standing
| Particulars | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|
| Assets | 5,247.32 | 4,424.63 | 4,416.56 |
| Revenue | 4,696.84 | 5,101.97 | 6,778.63 |
| Total Expense | 4,052.25 | 4,863.54 | 6,313.80 |
| Profit After Tax | 472.68 | 172.93 | 342.06 |
| Net Worth | 1,962.04 | 1,489.36 | 1,316.43 |
| Reserves and Surplus | 1,707.42 | 1,234.74 | 1,061.81 |
Company’s Key Performance Indicators
| Key Performance Indicator | Value |
|---|---|
| Return on Capital Employed (ROCE) | 22.57% |
| Return on Equity (ROE) | 27.39% |
| Debt to Equity Ratio | 0.90 |
| Return on Net Worth (RoNW) | 24.09% |
| EBITDA Margin (%) | 20.54% |
| After Tax Profit Margin (%) | 10.19% |
| Net Asset Value (NAV) | ₹15.41 |
| Earnings Per Share (EPS) | ₹3.71 |
| Price to Book Value (P/BV) | 3.57 |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 2,000 | ₹1,10,000 |
| Retail Investor (Maximum Lot) | 1 | 2,000 | ₹1,10,000 |
| HNI Investor (Minimum Lot) | 2 | 4,000 | ₹2,20,000 |
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | 50% of the Net Offer |
| Shares Reserved for Retail Investors | 35% of the Net Offer |
| Shares Reserved for Non-Institutional Investors | 15% of the Net Offer |
Net Cash Flow Generated
| Activity | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|
| Net Cash from Operating Activities | 261.94 | 334.97 | 86.34 |
| Net Cash from Investing Activities | (186.47) | (839.38) | (519.02) |
| Net Cash from Financing Activities | 18.38 | 433.41 | 455.80 |
State-wise Revenue Breakdown
| State | FY 2023-24 (₹ Lakhs) | FY 2022-23 (₹ Lakhs) | FY 2021-22 (₹ Lakhs) |
|---|---|---|---|
| Delhi | 0.11 | 0.11 | 0.18 |
| Gujarat | 1,636.50 | 2,080.04 | 2,894.22 |
| Haryana | 316.80 | 129.00 | 65.60 |
| Maharashtra | 752.18 | 638.26 | 639.73 |
| Telangana | 161.11 | 182.81 | 190.27 |
| Rajasthan | 2.93 | 1.95 | 0.00 |
| Madhya Pradesh | 0.04 | 0.00 | 0.00 |
| Karnataka | 0.00 | 0.16 | 0.00 |
| Hyderabad | 0.00 | 0.00 | 0.06 |
| Total | 2,869.67 | 3,032.33 | 3,790.07 |
International Revenue Breakdown
| Country | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|
| China | 954.75 | 649.17 | 1,412.80 |
| France | 10.18 | 24.01 | 6.64 |
| Germany | 0.00 | 15.62 | 27.19 |
| Indonesia | 90.78 | 48.86 | 110.62 |
| Japan | 557.23 | 321.38 | 66.24 |
| Thailand | 0.00 | 0.00 | 167.27 |
| Switzerland | 135.24 | 237.38 | 212.09 |
| Taiwan | 0.00 | 187.70 | 14.86 |
| Mexico | 7.27 | 28.23 | 23.02 |
| Spain | 13.99 | 0.00 | 0.00 |
| Czech Republic | 0.00 | 491.09 | 871.26 |
| Total | 1,769.44 | 2,003.44 | 2,911.99 |
Revenue Contribution by Industry Segments
| Industry Segment | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|
| Specialty Chemicals | 1,427.20 | 1,553.24 | 1,950.47 |
| High Performance Pigment and Specialty Dyes | 1,108.77 | 1,555.67 | 2,798.29 |
| Pharma | 1,384.12 | 1,220.41 | 1,380.61 |
| Coating Applications | 538.25 | 515.37 | 361.68 |
| Other Chemicals and Intermediates Industry | 180.76 | 191.11 | 211.01 |
| Total | 4,639.11 | 5,035.79 | 6,702.06 |
Transaction wise Revenue Breakdown
| Transaction | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|
| B-B | 4,639.11 | 5,035.79 | 6,702.06 |
| B-C | Nil | Nil | Nil |
| B-G | Nil | Nil | Nil |
| Total | 4,639.11 | 5,035.79 | 6,702.06 |
Key Objectives of this IPO
The fund raised through this IPO will be utilised for the following purposes.
- Funding of Capital Expenditure Requirements for Setting Up a New Plant
- Repayment or Prepayment of Certain Borrowings
- General Corporate Purposes
Commonly Asked Questions
- What are the opening and closing dates for the Technichem Organics Limited public offering?
The issue opens on 31 December, 2024, and closes on 2 January, 2025. - What is the issue price for the Technichem Organics Limited public issue?
The issue price is ₹52 to ₹55 per equity share. - What is the lot size for retail investors in this offer?
Retail investors can bid for a minimum of 2,000 shares, amounting to ₹1,10,000 (at the upper price band). - Who is the lead manager for this public offering?
The lead manager is Shreni Shares Limited. - Who is the registrar for the Technichem Organics Limited public issue?
The registrar is Bigshare Services Private Limited. - What are the main objectives of this offer?
The funds raised through this issue will be utilized for Funding of capital expenditure, Repayment of some borrowings and General corporate purposes.
- On which stock exchange will the shares be listed?
The shares of Technichem Organics Limited are proposed to be listed on BSE SME. - What is the total issue size for the Technichem Organics Limited public offering?
The total issue size is 45,90,000 equity shares. - When will the allotment and refund process begin?
The allotment date is 3 January, 2025, and refunds will begin on 6 January, 2025. - When will the shares be credited to the Demat account?
Shares will be credited to the Demat accounts on 6 January, 2025. - What is the expected listing date for the offer?
The shares are expected to list on 7 January, 2025
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
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Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Technichem Organics IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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