Technichem Organics IPO Closed
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Schedule of Technichem Organics
| Issue open date | 31 Dec 2024 |
| Issue close date | 02 Jan 2025 |
| UPI mandate deadline | 02 Jan 2025 (5 PM) |
| Allotment finalization | 03 Jan 2025 |
| Refund initiation | 06 Jan 2025 |
| Share credit | 06 Jan 2025 |
| Listing date | 07 Jan 2025 |
| Mandate end date | 17 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 02 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 04 Apr 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Technichem Organics
Incorporated in 1996, Technichem Organics manufactures a diverse range of chemicals, including pyrazoles, pyrazolones, specialty chemicals, pigment and dye intermediates, and products utilizing air oxidation chemistry. These serve industries such as pharmaceuticals, agriculture, coatings, pigments, and dyes, showcasing versatility and a broad market reach. Operating across 11 countries, the company benefits from a global perspective on market trends and dynamics. A significant portion of exports goes to China, highlighting cost-effective molecule synthesis and competitive pricing achieved through a strong R&D focus. The company’s adaptability to various chemical processes enables it to meet diverse customer needs and respond to emerging trends.
Financials of Technichem Organics
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹25.25 crores |
| Fresh Issue | ₹25.25 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 7.04 (27.88%) |
| Debt reduction | 10.24 (40.56%) |
| General corporate purposes and others | 7.97 (31.56%) |
Strengths
- Multi-product manufacturing capability
- Integrated production facilities for cost efficiency
- Strong focus on R&D and value engineering
- Commitment to quality, environment, health, and safety
- Experienced and skilled promoters and management team
- Efficient supply chain operations for market responsiveness
- Long-standing relationships with diversified global customers
- Robust infrastructure and technology-driven production
- Diverse applications of products across industries
Risks
- Dependence on key customers without long-term contracts impacts stability.
- Limited control over supplier dependency affecting operational efficiency.
- Foreign currency exchange risks due to export-oriented revenue model.
- Compliance with stringent environmental laws increases operational costs.
- High competition from organized and unorganized industry players.
- Delay in customer payments could affect cash flow and profitability.
- Fluctuating raw material prices may impact profit margins significantly.
- Political and economic instability in export markets poses challenges.
Allotment Status for Technichem Organics
To check your allotment status – click here.