Technichem Organics SME IPO Details, Financials, Valuation & Peers
Explore Technichem Organics IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Incorporated in 1996, Technichem Organics Limited is a manufacturer of a diverse range of chemicals, including Pyrazoles, Pyrazolones, Specialty Chemicals, Pigment & Dye Intermediates, and Air Oxidation Chemistry solutions. Serving industries such as pharmaceuticals, agriculture, coatings, pigments, and dyes, the company’s extensive product portfolio highlights its versatility and adaptability. Operating with a global footprint in 11 countries, Technichem demonstrates its competitive edge through advanced R&D capabilities, cost-effective synthesis, and adherence to international quality and environmental standards. Its state-of-the-art manufacturing facility in Gujarat spans 26,079 square meters, featuring a production capacity of 950,000 kg per annum. The facility incorporates stringent quality control measures and industry best practices.
Key Points:
- Product Portfolio: Specializes in Pyrazoles, Pyrazolones, Specialty Chemicals, Pigment & Dye Intermediates, and Air Oxidation Chemistry.
- Global Presence: Operations in 11 countries, with significant export volumes to China.
- Manufacturing Facility:
- Located in Gujarat, with a sprawling area of 26,079 square meters.
- Production capacity of 950,000 kg per annum.
- Equipped with cutting-edge technology for processes like sulfonation, nitration, halogenation, and hydrogenation.
- Focus on R&D:
- In-house development and scale-up of chemical processes from bench level to commercialization.
- Continuous innovation to expand the product portfolio and improve process yields.
- Track Record and Future Plans:
- Over two decades of experience in the chemical industry.
- Plans to scale up new products and expand market reach through ongoing R&D efforts.
Objects of the Issue
- Funding of capital expenditure requirements of the Company towards setting up of a new plant named as “Plant –4”
- Repayment or prepayment, in full or in part, of certain borrowings availed by the Company from banks, financial institutions and non-banking financial companies;
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 31 Dec - 02 Jan 2025 |
| IPO Price Band | ₹52 - ₹55 per share |
| Fresh Issue | 45,90,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹25.25 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 31 Dec 2024 |
| IPO Closing Date | 02 Jan 2025 |
| Basis Of Allotment | 03 Jan 2025 |
| Refunds | 06 Jan 2025 |
| Demat Transfer | 06 Jan 2025 |
| IPO Listing Date | 07 Jan 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 67.79 | 51.02 | 46.97 | 14.88 |
| Total Expenses | 63.14 | 48.64 | 40.52 | 13.02 |
| Net Profit/Loss | 3.42 | 1.73 | 4.73 | 1.40 |
| NPM (*) | 5.10 | 3.43 | 10.19 | 9.56 |
| Total Assets | 44.17 | 44.25 | 52.47 | 57.43 |
| Total Liabilities | 31.00 | 29.35 | 32.85 | 36.41 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | 2.98 | 1.36 | 3.71 | 1.10 |
| ROE (%) | 32.44 | 12.33 | 27.39 | 27.65 |
| ROCE (%) | 22.25 | 11.84 | 22.57 | 24.69 |
| D/E Ratio | 0.77 | 1.05 | 0.90 | 0.79 |
| Current Ratio | 0.89 | 0.68 | 1.06 | 1.07 |
| EBITDA MARGIN (%) | 8.17 | 8.65 | 20.54 | 17.27 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Technichem Organics Ltd | 46.39 | 14.82 | 3.71 | 24.09 | 15.41 |
| Ami Organics Limited | 687.58 | 178.25 | 11.91 | 6.47 | 183.05 |
| Anupam Rasayan India Limited | 1,128.70 | 69.66 | 10.84 | 4.29 | 249.26 |
| Chemcrux Enterprises Ltd | 78.47 | 32.60 | 5.70 | 12.60 | 48.79 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 101.49 |
| Non-Institutional Investor (NII/HNI) | 1078.9 |
| Retail Individual Investor (RII) | 329.43 |
| Total | 425.09 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- MR. BHARAT JAYANTILAL PANDYA
- MR. PANDYA ANILKUMAR JAYANTILAL
Lead Managers
- SHRENI SHARES LIMITED
Company Address
Technichem Organics Limited
5th Floor, Malak Complex, Behind Old Gujarat High Court, Navrangpura, Ahmedabad – 380009, Gujarat, India.
Phone: +91-79-27543722
Email: investors@technichemorganics.com
Website: www.technichemorganics.com
FAQs
- What is the issue size of the Technichem Organics SME IPO?The Technichem Organics SME IPO has an issue size of ₹25.25 crore. This includes a fresh issue of 45,90,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Technichem Organics IPO?The price band for the Technichem Organics IPO is ₹52 - ₹55 per share.
- What are the bidding dates for the Technichem Organics IPO?The Technichem Organics IPO will open for bidding on 31 Dec 2024 and close on 02 Jan 2025.
- What is the allotment date for the Technichem Organics IPO?The allotment date for the Technichem Organics IPO is 03 Jan 2025.
- What is the minimum lot size and investment required for the Technichem Organics IPO?The minimum lot size for the Technichem Organics IPO is 2000 shares and the minimum investment required is ₹1,10,000.
- What is the listing date for the Technichem Organics IPO?The listing date for the Technichem Organics IPO is 07 Jan 2025.
- What is the Technichem Organics IPO grey market premium?The grey market premium (GMP) for the Technichem Organics IPO is currently at ₹17, with an expected listing gain of approximately 30.91%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.