2024 was very special for IPOs, in which many big companies attracted investors with excellent returns. If you have missed investing in IPO this year, you still have a chance. Technikem Organics’ IPO opens for investment today, December 31, and will close on January 2.
- Issue price band: ₹55 per share
- Listing Date: 7 January 2025
- Stock Exchange: BSE
Main details of IPO
- Issue Size:
- 45,90,000 fresh shares worth ₹25.25 crore included.
- Lot Size:
- 2000 shares in one lot.
- Face value: ₹10 per share.
- Retail investors’ share: 35% reserved.
- Allotment Status:
- Will be available on the website of BigShare Services.
Gray Market Premium (GMP)
According to Investorgain.com, the gray market premium for Technikem Organics IPO is ₹11.
- Expected listing price: ₹66 per share
- Listing Gain: Premium of about 20%.
company business
Technichem Organics specializes in manufacturing a variety of chemicals that are used in various industries:
- product:
- pyrazole, pyrazolone
- Special Chemicals
- pigments and dye intermediates
- Air Oxidation Chemicals.
- Industry:
- Pharmaceuticals, agriculture, coatings, pigments, and dyes.
Financial Performance and Operations
- Export:
- Total export value in FY2024: ₹17.69 crore.
- Exports to China: 20.58%.
- Domestic Sales: ₹28.70 crore (FY2024).
- Production Capacity: 950 Tons Annually.
- Location: Production facility in Anand, Gujarat.
- Employees: 72 staff members by June 30, 2024.
Why invest?
- Great Opportunities:
- The company’s business is spread across fast growing sectors like pharma, agrochemicals and special chemicals.
- Listing Gain Opportunity:
- Possibility of 20% premium in gray market.
- Leading to development:
- Strong hold in domestic and international markets.
