Technichem Organics IPO Grey Market Premium: All Things You Need To Know.
Technichem Organics Limited is gearing up for its Initial Public Offering (IPO), set to open on December 31, 2024. With a price band of ₹52 to ₹55 per share, the IPO is creating a buzz in the market. The Technichem Organics IPO Grey Market Premium of ₹11 hints at strong investor interest, potentially indicating a listing price higher than the issue price.
Technichem Organics IPO Grey Market Premium
The GMP for Technichem Organics IPO currently stands at ₹11 which showing 20% gain, reflecting positive traders sentiment among investors. While the GMP offers an early signs of the IPO’s market sentiment, it’s essential to consider other factors like the company’s financial health and industry prospects before making investment decisions.
Technichem Organics IPO Details
| Particulars | Details |
|---|---|
| Issue Size | ₹25.25 crore |
| Offer Type | Fresh Issue (No OFS) |
| Price Band | ₹52 to ₹55 per share |
| Lot Size | 2,000 shares |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| IPO Type | Book Building Issue |
| IPO Opens | December 31, 2024 |
| IPO Closes | January 2, 2025 |
| Allotment Date | January 3, 2025 |
| Refund Initiation | January 6, 2025 |
| Shares Credited to Demat | January 6, 2025 |
| Listing Date | January 7, 2025 |
GMP Trend
| Date | GMP (Grey Market Premium) |
|---|---|
| December 29, 2024 | ₹11 |
| December 28, 2024 | ₹10 |
| December 27, 2024 | ₹10 |
Who Can Apply To IPO
Applying for the Technichem Organics IPO is simple. You’ll need a Demat and trading account to get started. The IPO is SME Segment & its priced between ₹52 and ₹55 per share, with a lot size of 2,000 shares. This means you’ll need at least ₹1,10,000 to apply for one lot at the upper price band. You can apply using your bank’s net banking (ASBA) or through your broker’s platform using UPI.
About Technichem Organics
Established in 1996, Technichem Organics Limited is a key player in the chemical manufacturing industry, known for its versatile product offerings. The company specializes in producing pyrazoles, pyrazolones, specialty chemicals, pigment and dye intermediates, and compounds derived through advanced air oxidation processes. These products cater to industries like pharmaceuticals, agriculture, coatings, pigments, and dyes, showcasing the company’s broad reach and expertise.
How Technichem Organics Operates
Technichem Organics prides itself on maintaining complete in-house manufacturing processes. This ensures strict quality control and adherence to international standards. By focusing on innovation and precision, the company delivers high-quality raw materials and chemical compounds to its diverse clientele.
Key Products
- Pyrazoles and Pyrazolones: Essential for pharmaceutical and agrochemical applications.
- Specialty Chemicals: Tailored solutions for niche industrial needs.
- Pigment and Dye Intermediates: Used in coatings and dye manufacturing.
- Air Oxidation Products: Advanced chemicals derived through sustainable oxidation processes.
Ongoing Projects and Initiatives
Global Expansion:
Technichem Organics is actively exploring international markets to expand its global presence, targeting regions like Europe and Asia.
Capacity Expansion:
Technichem Organics is ramping up its production capabilities to meet the growing demand across industries.
Green Chemistry:
The company is prioritizing environmentally friendly chemical processes to reduce its ecological impact while maintaining efficiency.
Product Diversification:
Efforts are underway to introduce new products aimed at high-growth sectors, particularly specialty chemicals.
Official Website – https://www.technichemorganics.com/
Financial Highlights
Technichem Organics has shown steady financial performance, as reflected in its recent results:
| Metric | FY 2024 | FY 2023 |
|---|---|---|
| Total Revenue | ₹46.39 Cr | ₹50.36 Cr |
| Net Profit | ₹4.73 Cr | ₹1.73 Cr |
The significant jump in net profit highlights the company’s operational improvements despite a slight dip in revenue.
Should You Apply?
The Technichem Organics IPO shows promise, given the positive about 20% GMP, steady financials, and growth potential in the organic chemicals sector. However, investing in an IPO requires careful consideration of market conditions and the company’s long-term prospects. It’s advisable to consult with a financial advisor before applying.
Pravin Bhosale
Since stepping into the world of trading in 2019, i have gained valuable experience navigating the markets, have knowldge in indices like Bank Nifty, Nifty IT, Sensex, Bankex, and Finifty. Also have sound knowldge about IPO industry & ipo process. our blog aims to make finance approachable, offering practical insights for readers to better understand and act on market trends.
Top 5 FAQs about Technichem Organics IPO
- What is the price band of Technichem Organics IPO?
The price band for Technichem Organics IPO is ₹52 to ₹55 per share. - How much money is required to apply for the Technichem Organics IPO?
To apply for one lot (2,000 shares), the minimum investment required is ₹1,10,000 at the upper price band of ₹55 per share. - What is the lot size for Technichem Organics IPO?
The lot size for the IPO is 2,000 shares. - How can I check the Technichem Organics IPO allotment status?
You can check the IPO allotment status via the official registrar websites like KFintech or Link Intime, or by visiting the NSE or BSE IPO allotment status pages. - What is the expected listing date for Technichem Organics IPO?
The expected listing date for the Technichem Organics IPO is January 7, 2025.