Technichem Organics came to market through an SME IPO that opened on 31 December 2024 and closed on 2 January 2025, and the shares listed on 7 January 2025 on BSE SME. The price band was ₹52 to ₹55 per share and one lot was 2000 shares, so the minimum application was ₹1,10,000. The issue size was ₹25.25 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Shreni Shares Limited was the lead manager.
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Incorporated in 1996, Technichem Organics Limited has its business in manufacturing a wide variety of chemicals that includes Speciality Chemicals, Pigment & Dye Intermediates, and Air Oxidation Chemistry. It caters to a wide array of industries like pharmaceuticals, agriculture, coatings, pigments, dyes, and many others. They mainly deliver accurate and high-quality chemical compounds and raw materials tailored to agrochemical, coating, pharma, dye, pigment, and specialty chemical sectors; all are in-house manufacturing processes.
The company has 950,000 kg of an annual manufacturing capacity.It has three plants at its facility, covering 26,079 square meters. The company is represented globally in about 11 countries, with a major share of exports being to China. The company focuses on quality, environment, health, and safety, because it believes that maintaining high standards of products is the way to growth.
All business processes of the company-from manufacturing and supply chain to delivery of the product-have been covered by quality systems in all its manufacturing facilities.
As described in the offer document.
Mr. Bharat Jayantilal Pandya, Mr. Pandya Anilkumar Jayantilal. Promoter holding 97.64% before the issue and 71.77% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Technichem Organics IPO was a ₹25.25 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹52–₹55 per share with a lot size of 2,000 shares (₹1,10,000). The IPO was open from December 31, 2024 to January 2, 2025. Shares listed on BSE SME on January 7, 2025 at ₹57.25, a 4.1% premium to the issue price of ₹55. Bigshare Services Pvt Ltd is the registrar. Shreni Shares Limited is the book running lead manager.
The price band of Technichem Organics IPO is ₹52 to ₹55 per share.
The lot size of Technichem Organics IPO is 2000 shares.
The minimum investment for Technichem Organics IPO is approximately ₹1,10,000 based on the upper price band.
The allotment date of Technichem Organics IPO is Jan 3, 2025.
Technichem Organics IPO's final recorded GMP before listing was ₹13 per share (a 24% premium over the ₹55 upper price band). The shares listed at ₹57.25. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Technichem Organics IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Technichem Organics IPO allotment status on Rupix for quick and easy access.
₹52 to ₹55 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,10,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,10,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 31 December 2024 and closed on 2 January 2025.
The basis of allotment was published on 3 January 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 7 January 2025 on BSE SME.
The issue size was ₹25.25 crore. The fresh issue was 45,90,000 shares (aggregating up to ₹25.25 crore).