Issue Price
₹55
Per Share
GMP
NIL
Grey Market
Est. Listing
₹55
Expected Price
Min. Application
₹220,000
2 lots × 2000 shares
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 capabilityEstablished infrastructure and integrated production with cost efficienciesCore Focus on consistent R&D, value engineering and to leverage complex chemistry and technologyFocus on Quality, Environment, Health and SafetyExperienced Promoters and management teamSupply Chain EfficiencyLong-standing relationships with diversified customers across geographies
Technichem Organics Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 252,000 | — | ₹1.39 Cr | — |
| TOTAL | 4,590,000 | 100.00% | ₹25.25 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹110,000 |
| Retail (Max) | 13 | 26,000 | ₹1,430,000 |
| sNII (Min) | 14 | 28,000 | ₹1,540,000 |
| bNII (Min) | 68 | 136,000 | ₹7,480,000 |
| Particulars | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 1487.89 | 4696.84 | 5101.97 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 140.46 | 472.68 | 172.93 |
| Net Worth | 2102.50 | 1962.04 | 1489.36 |
| Total Assets | 5743.17 | 5247.32 | 4424.63 |
| Reserves & Surplus | 829.37 | 1707.42 | 1234.74 |
| Total Borrowings | 1658.31 | 1763.94 | 1562.15 |