Technichem Organics IPO Allotment Status: Check Allotment Status Online on Bigshare Services & BSE
Established in 1996, Technichem Organics Limited specializes in the production of a wide range of chemicals, including speciality chemicals, pigment and dye intermediates, and air oxidation chemistry products. The company's IPO was open for bidding from December 31, 2024, to January 2, 2025. The allotment of shares is likely to be finalised today, January 3, 2025.
How to Check Technichem Organics IPO Allotment Status Online?
Steps to Check Technichem Organics IPO Allotment Status on Big Share Services
- Head to Bigshare Services’ IPO bid verification page here.
- From three servers, select any one.
- Pick ‘Technichem Organics Ltd’
- Enter either beneficiary ID, application no or PAN no
- Complete Captcha verification and click on search
Steps to Check Technichem Organics IPO Allotment Status on BSE
- Go to the IPO Allotment portal of BSE here.
- Keep the issue type as ‘Equity’
- Select ‘Technichem Organics Ltd’
- Enter the details (Application no or PAN)
- Enter Captcha
- Click on ‘submit’ button
Technichem Organics IPO Details
Technichem Organics has come up with an IPO with a book-built issue worth ₹25.25 crores, consisting entirely of a fresh issue of 45.90 lakh shares. The bidding period was scheduled from December 31, 2024, to January 2, 2025, with the allotment of shares set to be finalized on January 3, 2025. The company will make its debut on BSE SME platform, with the tentative listing date being January 7, 2025. The price band was set at ₹52 to ₹55 per share with a minimum lot size of 2000 shares for retail investors and 4000 shares for HNIs.
Technichem Organics IPO Objectives
The company plans to use the net proceeds from the issue for three key purposes: financing capital expenditure for the establishment of a new facility, "Plant 4", repaying or prepaying certain borrowings, and meeting general corporate requirements.
Technichem Organics IPO Day 3 Subscription Status
(January 2nd, 2025, End of Day)
As of January 2, 2025, End of Day (Day 3), the Technichem Organics IPO witnessed an overwhelming response, with an overall subscription of 425.09 times. The issue garnered 329.43 times subscription in the retail category, 101.49 times in the QIB segment, and an impressive 1,078.9 times in the NII category, highlighting robust investor interest across all segments.
|
Category |
Subscription (times) |
Shares Offered |
Shares Bid for |
|
QIB |
101.49 |
8,68,000 |
8,80,92,000 |
|
NII |
1078.9 |
6,52,000 |
70,34,40,000 |
|
Retail |
329.43 |
15,20,000 |
50,07,30,000 |
|
Total |
425.09 |
30,40,000 |
1,29,22,62,000 |
Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.