Technichem Organics IPO - Day 3 Subscription at 83.53 Times

Technichem Organics' initial public offering (IPO) has received exceptional investor interest over the three-day period. The IPO witnessed remarkable growth in demand, with subscription rates progressing from 7.93 times on day one, to 38.49 times on day two, and reaching an impressive 83.53 times by 11:34 AM on the final day.
 

Technichem Organics IPO, which opened on 31st December 2024, has seen outstanding participation across categories. The Retail Investors segment has shown exceptional interest, reaching 122.29 times subscription, while Non-Institutional Investors achieved remarkable subscription at 104.29 times. The QIB portion stands at 0.06 times.

This robust response comes amid positive sentiment in the Indian stock market, particularly towards companies in the specialty chemicals sector. Being listed on the BSE SME platform, the issue has attracted significant retail investor attention.
 

Subscription Status of Technichem Organics IPO:

*As of 11:34 AM

Here are the subscription details for Technichem Organics IPO as of Day 3 (2nd January 2025, 11:34 AM):

Note:
 

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights Technichem Organics IPO Day 3 Subscription

• Overall subscription reached exceptional 83.53 times on the final day
• Retail investors showing extraordinary interest at 122.29 times subscription
• Non-Institutional Investors achieved remarkable 104.29 times subscription
• QIB portion at 0.06 times subscription
• Total bids worth ₹1,396.66 crores received
• Applications reached 1,26,013 showing strong retail interest
• Market response indicating robust demand
• Strong retail and NII momentum continuing
• Final day demonstrating tremendous investor confidence

Technichem Organics IPO - Day 2 Subscription at 38.49 Times

Key Highlights

• Overall subscription surged to 38.49 times
• Retail investors showed strong growth to 63.39 times
• Non-institutional investors increased to 31.67 times
• QIB portion remained unsubscribed
• Day two witnessed accelerated momentum
• Market response showing growing confidence
• Subscription trend indicating strong demand
• Small investors showing significant interest
• All segments demonstrating substantial growth

Technichem Organics IPO - Day 1 Subscription at 7.93 Times

Key Highlights:

• Overall subscription opened strong at 7.93 times
• Retail investors began well at 13.09 times
• Non-institutional investors started at 6.45 times
• QIB portion awaiting participation
• Opening day showed promising response
• Initial momentum indicating strong interest
• Market confidence evident in retail segment
• Strong retail participation from start
• Day one exceeding initial expectations

About Technichem Organics Limited 

Incorporated in 1996, Technichem Organics Limited has established itself as a manufacturer of specialty chemicals, focusing on Pigment & Dye Intermediates and Air Oxidation Chemistry. The company operates from a substantial manufacturing facility spanning 26,079 square meters, housing three production plants with a combined annual manufacturing capacity of 950,000 kg. Their operations extend across approximately 11 countries, with significant export presence in China.

The company serves diverse industries including pharmaceuticals, agriculture, coatings, pigments, and dyes. Their business model encompasses three main segments: manufacturing of specialty chemicals and intermediates, custom manufacturing, and contract/exclusive manufacturing under confidentiality agreements. Their manufacturing capabilities are supported by robust quality systems covering all business processes from production to delivery.

As of June 30, 2024, the company maintains a workforce of 72 employees. Their financial performance shows strategic growth with revenue of ₹46.97 crores in FY2024, though marking a decrease of 8% from the previous year, while achieving significant PAT growth of 173% between FY2023 and FY2024.

Their competitive strengths lie in their multi-product capabilities, established infrastructure with integrated production, strong R&D focus, commitment to quality and safety standards, experienced management team, supply chain efficiency, and long-standing customer relationships across geographies.

Highlights of the Technichem Organics IPO

• IPO type: Book Built Issue SME IPO
• IPO size: ₹25.25 crores
• Fresh Issue: 45.90 lakh shares
• Face value: ₹10 per share
• Price band: ₹52 to ₹55 per share
• Lot size: 2,000 shares
• Minimum investment for retail investors: ₹1,10,000
• Minimum investment for HNI: ₹2,20,000 (2 lots)
• Market maker reservation: 2,52,000 shares
• Listing at: BSE SME
• IPO opens: 31st December 2024
• IPO closes: 2nd January 2025
• Allotment date: 3rd January 2025
• Refund initiation: 6th January 2025
• Credit of shares: 6th January 2025
• Listing date: 7th January 2025
• Lead Manager: Shreni Shares Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Shreni Shares Limited