Technichem Organics Limited

Company Profile
Company Name Technichem Organics Limited
Open Date 31-12-2024
Close Date 02-01-2025
Exchange BSE SME
Lot Size 2,000 Shares
Issue Price ₹52 to ₹55 per share
Issue Size 45,90,000 shares
Application Amount ₹1,10,000
Recommendation Avoid
 Incorporation: Incorporated in 1996, the company’s registered office is located in Ahmedabad, Gujrat.  Business Activity: Technichem Organics Limited is engaged in the business of manufacturing a various range of chemicals, Speciality Chemicals, Pigment & Dye Intermediates and Air Oxidation Chemistry.  Revenue Stream: The combined contribution of Gujarat and Maharashtra exceeds 80% of total domestic sales in most periods. China is the largest export destination across all years, contributing over 40% in the most recent period (as of June 30, 2024), Switzerland ranks second in the current period, with its share peaking at 36.68% in the same period.  Human Resource: As of June 30, 2024, they had 72 employees on its payroll including 62 in manufacturing and 10 in administration.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 6,702.06 5,035.79 4,639.11
EBITDA 547.83 435.78 952.88
Net Profit 342.06 172.93 472.67
RoCE 19.56% 11.01% 23.15%
ROE 25.98% 11.61% 24.09%
P/E 18.46 40.44 14.82

Tentative Timeline

Opening Date 31-12-2024
Closing Date 02-01-2025
Basis of Allotment 03-01-2025
Initiation of Refunds 06-01-2025
Credit of Shares to Demat 06-01-2025
Listing Date 07-01-2025

Objects of the Issue

Funding of capital expenditure requirements of the Company towards setting up of a new plant named as “Plant 4”
Repayment or prepayment, in full or in part, of certain borrowings availed by the Company from banks, financial institutions and non-banking financial companies
General Corporate Purposes

Contact Information

Registered Office Technichem Organics Limited 5th Floor, Malak Complex, Behind Old Gujarat High Court, Navrangpura, Ahmedabad 380009
Phone 079-27543722
Email investors@technichemorganics.com
Website http://www.technichemorganics.com/

Registrar Details

Name Bigshare Services Private Limited
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/IPO_Status.html

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue

Shareholding Pattern

Shareholding Pre Issue (Promoters) 97.64%
Shareholding Post Issue (Promoters) 71.77%

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