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Technichem Organics IPO is a book build IPO listing on BSE SME exchange. The company is based in Ahmedabad and caters to Chemical sector. Shreni Shares is the merchant banker of Technichem Organics IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 23rd August 2024.
Technichem Organics IPO open date is 31st December 2024 and close date is 2nd January 2025. IPO Allotment Date is 3rd January 2025 and Listing date is 7th January 2025.Technichem Organics IPO size is Rs 25.25 Cr. crores with IPO price of Rs 55.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Shreni Shares Limited is the book-running lead manager of the Technichem Organics IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Shreni Shares Limited for Technichem Organics IPO.
Technichem Organics IPO anchor investors are the below investors. The number of anchor investors in this IPO is 6.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Vikasa India EIF | 194,000.00 | ₹55.00 | ₹10,670,000.00 |
| Next Orbit Growth | 182,000.00 | ₹55.00 | ₹10,010,000.00 |
| Abundantia Capital VCC | 194,000.00 | ₹55.00 | ₹10,670,000.00 |
| Mint Focused Growth | 182,000.00 | ₹55.00 | ₹10,010,000.00 |
| Pine OAK Global | 364,000.00 | ₹55.00 | ₹20,020,000.00 |
| Arnesta Global opportunities | 182,000.00 | ₹55.00 | ₹10,010,000.00 |
Technichem Organics IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Technichem Organics IPO, based in Ahmedabad, operates in the Chemical sector with a focus on manufacturing a various range of chemicals, Speciality Chemicals, Pigment & Dye Intermediates and Air Oxidation Chemistry.. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. Technichem Organics IPO size is ₹ 25.25 Cr. Crores with fresh issue size of Rs 25.25 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Technichem Organics IPO is expected to be 3rd January 2025, after the finalization of basis of allotment. Investors can check Technichem Organics IPO allotment status on the registrars website, Bigshare Services Private Limited. Technichem Organics IPO refund dates are 6th January 2025.
Technichem Organics IPO is expected to be listed on 7th January 2025.
The upper price band for the Technichem Organics IPO is set at ₹ 55.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Technichem Organics IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Technichem Organics IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 2nd January 2025. After submission, funds are blocked until the basis of allotment of Technichem Organics IPO is finalised.
The merchant banker for Technichem Organics IPO is Shreni Shares Limited . Shreni Shares Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Technichem Organics IPO RHP for further details.
The registrar for Technichem Organics IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Technichem Organics IPO through their official website or helpline.
Technichem Organics IPO was subscribed 425.09 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 25.25 Cr.
Avg IPO Size (Sector Based)
:
₹ 26.24 Cr.
Sector: Chemical
SME IPO so far:
40
Merchant Banker:
Shreni Shares
SME IPO by BRLM so far:
47
City:
Ahmedabad
SME IPO so far:
174
Revenue (annualised):
₹ 58.80 cr.
PE
Ratio:
20.15x
Average Sector PE Ratio: 17.10x
Technichem Organics IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Technichem Organics Financial Review Page
Merchant Banker(s) of Technichem Organics IPO: Shreni Shares Limited
Technichem Organics IPO subscription was 425.09 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Technichem Organics IPO listed at a listing price of 57.25 against the offer price of 55.00.
The current market price of Technichem Organics is 53.47.
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