The Technichem Organics IPO, a book-built issue valued at ₹25.25 crores, opens for subscription on December 31, 2024, and closes on January 2, 2025. The IPO comprises a fresh issue of 45.90 lakh shares, with no offer for sale. Here’s a detailed overview of the IPO and the company behind it.

IPO Details

• Price Band: ₹52 to ₹55 per share
• Lot Size: Minimum 2,000 shares
• Minimum Investment: ₹1,10,000 for retail investors; ₹2,20,000 for HNIs (2 lots)
• Listing Platform: BSE SME
• Subscription Dates:
  • Opens: December 31, 2024
  • Closes: January 2, 2025
• Allotment Date: January 3, 2025
• Listing Date: January 7, 2025

Key Stakeholders:

• Lead Manager: Shreni Shares Limited
• Registrar: Bigshare Services Pvt. Ltd.
• Market Maker: Shreni Shares Limited

About Technichem Organics Limited

Technichem Organics Limited, incorporated in 1996, specializes in manufacturing a wide range of specialty chemicals, pigment and dye intermediates, and air oxidation chemistry products. With operations across 11 countries and significant exports to China, the company caters to diverse industries, including pharmaceuticals, agriculture, coatings, and dyes.

The company boasts an annual manufacturing capacity of 950,000 kg across its three plants, covering an area of 26,079 square meters. Its integrated production approach ensures cost efficiencies and a robust supply chain.

Business Model

Technichem Organics operates through:

1. Manufacturing of Specialty Chemicals and Intermediates: These chemicals are used in agrochemicals, coatings, pharmaceuticals, dyes, and pigments.
2. Custom Manufacturing: Tailored chemical production based on customer specifications.
3. Contract Manufacturing: Products manufactured under confidentiality agreements, catering to specific client requirements.

The company’s commitment to quality, environmental health, and safety drives its growth and competitive edge.

Competitive Strengths

1. Multi-Product Capability: The ability to produce a diverse range of chemicals for various industries.
2. Integrated Infrastructure: Advanced facilities with cost-efficient production systems.
3. R&D and Value Engineering: Continuous innovation in complex chemistry and technology.
4. Global Presence: Established supply chain and customer relationships in multiple geographies.
5. Experienced Leadership: A management team with deep industry knowledge and expertise.

Why Consider Technichem Organics IPO?

Investors looking to diversify their portfolio into the specialty chemicals sector may find this IPO attractive due to its:

• Strong export market and operational efficiency.
• Long-standing relationships with a diversified customer base.
• Proven focus on sustainability and high-quality manufacturing practices.