Technichem Organics IPO Allotment Status

Summary

Technichem Organics Limited specialises in manufacturing a diverse range of chemicals, including Speciality Chemicals, Pigment & Dye Intermediates, and Air Oxidation Chemistry. The company serves various industries, such as pharmaceuticals, agriculture, coatings, pigments, and dyes, with a significant global presence across 11 countries. This IPO aims to support the company's expansion by setting up a new manufacturing plant and meeting its capital requirements.

Technichem Organics Limited has launched its IPO, with a total issue size of ₹25.25 crore. It comprises a fresh issue of 45.90 lakh shares. The IPO opened on December 31, 2024, and closed on January 2, 2025. The Technichem Organics IPO allotment date is Friday, January 3, 2025.

Steps to Check Technichem Organics IPO Allotment Status on Registrar Site

• Visit Bigshare Services Pvt Ltd website.
• Select "Technichem Organics IPO" from the dropdown menu.
• Enter your PAN ID, Demat Account Number, or Application Number.
• Complete the captcha verification and click "Submit."

Steps to Check Technichem Organics IPO Allotment Status on BSE SME

• Visit the BSE or NSE IPO Allotment Page.
• Select "Technichem Organics IPO" from the dropdown menu.
• Enter your Application Number and PAN ID.
• Confirm captcha and click "Search."

Technichem Organics Subscription Status

The Technichem Organics IPO received an overwhelming response, being subscribed 425.09 times overall. Here is a category-wise breakdown of the subscription as of 6:19:09 PM on January 2, 2025:

• Retail Category: 329.43 times
• Qualified Institutional Buyers (QIB): 101.49 times
• Non-Institutional Investors (NII): 1,078.9 times

As of 6:19:09 PM

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilised as follows:

• Manufacturing Expansion: Funding capital expenditure requirements towards setting up a new plant named "Plant 4".
• Debt Reduction: Repayment or pre-payment of certain borrowings availed by the Company from banks, financial institutions, and non-banking financial companies.
• General Corporate Purposes: Supporting various business objectives and operational needs.
   

Technichem Organics IPO - Listing Details

The shares of Technichem Organics Limited are scheduled to be listed on January 7, 2025, on the BSE SME platform. Technichem Organics' IPO has garnered exceptional investor interest, with a subscription rate of 425.09 times. The funds raised will support the company's expansion plans and operational needs, positioning it for future growth. Investors can check the allotment status through the registrar's website or BSE SME on the allotment date of January 3, 2025. The shares are set to debut on January 7, 2025, marking an important milestone for market participants.