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Technichem Organics IPO
Price Band
₹52.0–55.0
Issue Size
₹25.25 Cr
Lot Size
2,000 shares
Min Investment
₹110,000
GMP
+₹17.0 (30.91%)
Issue Price
₹55.0
Subject to Sauda
₹25800
Paid only if allotted
Technichem Organics IPO AI Summary
- Technichem Organics IPO is listed on BSE SME in the Specialty Chemicals sector.
- Price band: ₹52.0–₹55.0 per share, lot size 2,000 shares (min. investment ₹110,000).
- Subscription window: 31 Dec–02 Jan 2025, listing on 07 Jan 2025.
- Current GMP is +₹17.0 (30.91%), an estimated listing price of ₹72 — unofficial and can change daily.
Technichem Organics Limited is a specialty chemicals manufacturer with a diverse product range and a global presence. The upcoming IPO offers an opportunity for investors, but potential subscribers should consider the company's financial performance and market conditions.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Technichem Organics IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 02 Jan 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Technichem Organics IPO Grey Market Premium (GMP) Today
GMP
+₹17.0
GMP %
+30.91%
Est. Listing
₹72.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in 1996, Technichem Organics Limited is engaged in the business of manufacturing a various range of chemicals, Speciality Chemicals, Pigment & Dye Intermediates and Air Oxidation Chemistry. The company serves a variety of industries, including pharmaceuticals, agriculture, coatings, pigments, dyes, and more, showcasing the versatility of its products. They focus on delivering high-quality, precise chemical compounds and raw materials tailored for agrochemical, coating, pharma, dye, pigment, and specialty chemical sectors, with all manufacturing done in-house. The company has an annual manufacturing capacity of 950,000 kg. It operates three plants at its facility, which covers an area of 26,079 square meters. The company has a global presence, operating in approximately 11 countries, with significant exports directed to China. The company focuses on quality, environment, health, and safety, recognizing that maintaining high product standards is key to growth. Across its manufacturing facilities, the company has implemented quality systems covering all business processes, from manufacturing and supply chain to product delivery. Business Model: Manufacturing of specialty chemicals and intermediates: Manufactures specialty chemicals, which are primarily chemical components that find use in agrochemicals, coating, pharma, dyes, and pigments. Custom manufacturing: The Company also can manufacture intermediates and other specialty chemicals on a make-to-order basis. Contract manufacturing/exclusive manufacturing: The company customizes products according to customer requirements and offers them under confidentiality agreements. Their product range includes pharmaceuticals, coating applications, specialty chemicals, and more. As of June 30, 2024, the company has 72 employees. Competitive Strengths: Multi-product capability Established infrastructure and integrated production with cost efficiencies Core Focus on consistent R&D, value engineering and to leverage complex chemistry and technology Focus on Quality, Environment, Health and Safety Experienced Promoters and management team Supply Chain Efficiency Long-standing relationships with diversified customers across geographies
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 57.43 | 52.47 | 44.25 | 44.17 |
| Total Income | 14.88 | 46.97 | 51.02 | 67.79 |
| Profit After Tax | 1.40 | 4.73 | 1.73 | 3.42 |
| NET Worth | 21.03 | 19.62 | 14.89 | 13.16 |
| Reserves and Surplus | 8.29 | 17.07 | 12.35 | 10.62 |
| Total Borrowing | 16.58 | 17.64 | 15.62 | 10.17 |
Key Ratios
EPS
₹3.71
NAV
₹15.41
ROE
27.39%
ROCE
22.57%
RoNW
24.09%
P/B Value
3.57
P/E Ratio
14.81
Market Cap
₹95.27 Cr
PAT Margin
10.19%
Debt/Equity
0.90
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Chemcrux Enterprises Ltd | 48.79 | 12.6% | 32.6 | 5.7 |
| Anupam Rasayan India Limited | 249.26 | 4.29% | 69.66 | 10.84 |
| Ami Organics Limited | 183.05 | 6.47% | 178.25 | 11.91 |
| Technichem Organics Limited This IPO | 15.41 | 24.09% | — | 3.71 |
Promoters
Bharat Jayantilal Pandya and Pandya Anilkumar Jayantilal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of capital expenditure requirements of the Company towards setting up of a new plant named as “Plant –4”; 7.04 2 Repayment or prepayment, in full or in part, of certain borrowings availed by the Company from banks, financial institutions and non-banking financial companies; 10.24 3 General corporate purposes; 5.26
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹67.79 Cr in the year ending 31 Mar 2022, decreasing to ₹51.02 Cr by 31 Mar 2023, further declining to ₹46.97 Cr for the year ending 31 Mar 2024. The most recent figure, ₹14.88 Cr for the period ending 30 Jun 2024, is not directly comparable as it represents a 9-month period.
Profit Trend
Profit after tax was ₹3.42 Cr in the year ending 31 Mar 2022, decreasing to ₹1.73 Cr by 31 Mar 2023, then rising to ₹4.73 Cr for the year ending 31 Mar 2024. The latest figure of ₹1.40 Cr for the period ending 30 Jun 2024 is also a 9-month figure, making it not directly comparable.
Valuation
At the issue price of ₹55.0, Technichem Organics has an implied P/E ratio of 14.81 based on its EPS of ₹3.71. This is lower than its peers, which have P/E ratios ranging from 32.6 to 178.25.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics in the grey market, where shares are traded before they are officially listed. A positive GMP suggests that investors expect the stock to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, focusing on factors such as the company's growth potential, market position, and financial health.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs in the specialty chemicals sector, which can be subject to market fluctuations and operational uncertainties.
IPO Timeline, Explained
The IPO is set to open on December 31, 2024, and close on January 2, 2025. Allotment of shares will be done by January 3, 2025, with the listing date scheduled for January 7, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the stock exchange immediately after they are listed. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-IPO.
This evaluation is generated from Technichem Organics's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Technichem Organics IPO GMP today?
Technichem Organics IPO GMP today is +₹17.0 (30.91%), indicating an estimated listing price of ₹72. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Technichem Organics IPO?
The price band of Technichem Organics IPO is ₹52.0–₹55.0 per share.
When does Technichem Organics IPO open and close?
Technichem Organics IPO opens on 31 December 2024 and closes on 02 January 2025.
When does Technichem Organics IPO list on the stock exchange?
Technichem Organics IPO listed on 07 January 2025 at ₹72.0.
What is the lot size for Technichem Organics IPO?
The lot size for Technichem Organics IPO is 2000 shares, requiring a minimum investment of ₹110,000.
What is the price band for the Technichem Organics IPO?
The price band for the Technichem Organics IPO is ₹52.0 to ₹55.0.
What is the minimum investment required for this IPO?
The minimum investment required is ₹110,000, which corresponds to a lot size of 2000 shares.
When is the listing date for Technichem Organics?
The listing date is scheduled for January 7, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
What is the allotment date for the shares?
The allotment date for the shares is January 3, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
31 Dec 2024
Close
02 Jan 2025
Allotment
03 Jan 2025
Listing
07 Jan 2025
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