Technichem Organics IPO subscription started on Thursday, December 31st, 2024, and will close on January 2, 2025, as per the schedule. The price band is set at ₹52 to ₹55 per share with a face value of ₹10.
Technichem Organics IPO Subscription Status
Technichem Organics IPO Subscribed over 7.93x on its First day till 5.00 PM on 31st December.
- Technichem Organics IPO subscription QIB investors portion is 0 times, while NII subscribed 6.45 times and RII investors subscribed 13.09 times.
- The company has received bids for 2,41,10,000 shares against 30,40,000 shares on offer on the first day of subscription.
- Technichem Organics IPO Subscribed over 7.93x on its First day.
About Technichem Organics Company
Technichem Organics Limited was founded in 1996, and it has 25 years of experience in manufacturing chemicals, pyrazoles, pyrazolone, specialty chemicals, and pigments across multiple industries such as pharmaceuticals, agriculture, coatings, dyes, and others. This firm is spread in 11 countries, giving them a broad perspective of the market environment and better judge market trends. Owing to employees’ credibility and reliability they can maintain precision and stick to protocols. Moreover, Mr. Bharat Jayantilal Pandya and Mr. Anil Jayantilal Pandya are the promoters of this firm and help in Leading, Creating, raising, Handling, and Monitoring business operations. It has a manufacturing capacity of 950,000 kg per year, with three factory plants covering an area of 26,079 square meters. Their facilities follow strict quality control standards and industry best practices.
Technichem Organics Financial Report
The company reported revenue of ₹46.39 crores in 2024 against ₹50.36 crores in 2023. The company reported a profit of ₹4.73 crores in 2024 against a Profit of ₹1.73 crores in 2023.
Technichem Organics IPO GMP:
Technichem Organics IPO GMP was ₹11 as of Tuesday, December 31st. That indicates the IPO is trading at ₹67 with ₹11 premium in the grey market against the issue price of ₹55.
