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Technichem Organics IPO
Technichem Organics Ltd
₹1,04,000 /2000 sharesMinimum Investment
Technichem Organics IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹55.00 | ₹57.25 | ₹2.25 (4.09%) |
Technichem Organics IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 31 Dec ‘24 - 2 Jan ‘25 | ₹1,04,000 | 2,000 | ₹52 - ₹55 |
| Issue Size | IPO Doc |
|---|---|
| 25.25Cr | RHP PDF |
Subscription rate
As of 02 Jan'25, 05:00 PM
| Qualified Institutional Buyers | 101.49x |
| Non-Institutional Investor | 777.82x |
| Retail Individual Investor | 311.76x |
| Total | 384.30x |
About Technichem Organics
Founded in
1996
Managing director
Mr. Bharat Jayantilal Pandya
Parent organisation
Technichem Organics Ltd
Strengths & Financials of Technichem Organics
Strengths
Risks
Technichem Organics operates out of 11 countries.
The company is ISO 9001:2015 for quality management systems and 14001:2015 certified for environment management systems.
Technichem claims to be committed to sustainability, prioritising environment-friendly practices and green technology. The company has established primary and secondary treatment facilities, supported by a multiple-effect evaporator for effective environmental management.
The manufacturing facility has a capacity of 950,000 kg per annum which helps the company meet increasing customer demands and ensure timely delivery of products.
Technichem operates a fully equipped R&D facility capable of performing various ‘Unit Processes,’ including sulfonation, nitration, halogenation, esterification, Friedel-Crafts reactions, Grignard reactions, Suzuki coupling, amination, condensation, hydrogenation, and more.
Technichem Organics relies on a few key customers for a significant portion of its revenue. The top five customers contributed 47.67%, 37.06%, 41.73%, and 36.19% of total revenue as of June 30, 2024, and for FY24, FY23, and FY22, respectively, to the revenue from operations. A loss of any of these major clients or a reduction in business from them could adversely impact the company’s operations and finances.
The company is involved in certain outstanding litigation cases. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
A major portion of the company’s revenue comes from operations in Gujarat, Maharashtra, Telangana, and Haryana. These states contributed Rs 8.07 crore (100%) as of June 30, 2024, and Rs 28.66 crore (99.89%), Rs 30.30 crore (99.93%), and Rs 37.90 crore (99.99%) in FY24, FY23, and FY22, respectively to the revenue from operations. Any adverse developments in the business environment of any of these states could adversely affect the company's operations and finances.
A large part of the company’s revenue is generated from products such as pharma chemicals, high-performance pigments, specialty chemicals, and coating chemicals. Any decline in demand for these products could harm business performance and finances.
Exports accounted for 45.03%, 38.14%, 39.78%, and 43.45% of the company’s total revenue as of June 30, 2024, and for FY24, FY23, and FY22, respectively. Any negative developments in the global chemical industry could adversely affect export sales.
The company’s manufacturing facilities are concentrated in Khambhat, Gujarat. Any disruption in the operations of the facility could negatively affect the company’s business and financial performance.
The majority of the company’s revenue is derived from manufacturing specialty chemicals and intermediates. These products contributed Rs 12.27 crore (83.48%) as of June 30, 2024, and Rs 42.40 crore (91.40%), Rs 47.98 crore (95.29%), and Rs 64.91 crore (96.84%) in FY24, FY23, and FY22, respectively to the revenue from operations. Any disruption of business in this segment could negatively impact the company’s financial condition and operations.
As of June 30, 2024, Technichem Organics had outstanding borrowings of Rs 16.58 crore. Any inability to repay or service these loans could adversely affect the company’s financial position.
Technichem Organics Financials
*All values are in Rs. Cr
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Application Details of Technichem Organics IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹52 - 55 | ₹2 - 5 Lakh |
| High Networth Individual | ₹52 - 55 | ₹2 - 5 Lakh |
For Technichem Organics IPO, eligible investors can apply as Regular.