The Technichem Organics IPO has officially opened, attracting investor attention as the chemical company aims to raise ₹25.25 crore through its public issue. As the IPO begins its journey on the BSE SME Exchange, here’s everything you need to know, including the Grey Market Premium (GMP), IPO price band, lot size, and subscription details.
Technichem Organics IPO Overview
The Technichem Organics IPO started on 31st December 2024 and will remain open for bidding until 2nd January 2025. The price band for the public issue is set between ₹52 and ₹55 per equity share. The company plans to raise ₹25.25 crore through this SME IPO. The BSE SME Exchange will list the company’s shares post-issue.
Key Details of Technichem Organics IPO:
- GMP (Grey Market Premium): As per stock market observers, Technichem Organics shares are currently trading at a premium of ₹11 in the grey market, indicating positive investor sentiment.
- IPO Price Band: The company has fixed the price band for the public issue between ₹52 to ₹55 per share, giving potential investors an opportunity to enter at a relatively affordable rate.
- IPO Date: The IPO officially opened on 31st December 2024 and will close on 2nd January 2025, allowing a short window for investors to submit their bids.
- IPO Size: This is an entirely new public issue, and Technichem Organics aims to raise ₹25.25 crore through the IPO process.
- Lot Size: Investors can apply in lots, with the lot size comprising 2000 shares of the company. This makes it accessible for both retail and institutional investors to take part in the offering.
- Allotment Date: The finalization of share allocation is expected to take place by 3rd January 2025. Investors can check their application status and see if they have been allotted shares after this date.
- Registrar: Bigshare Services Private Limited has been appointed as the official registrar for the Technichem Organics IPO.
- Lead Manager: Shreni Shares is the lead manager handling this public issue, ensuring smooth execution of the process.
- Listing Date: The expected listing date for Technichem Organics IPO is 7th January 2024 on the BSE SME Exchange. The listing price will give investors an idea of the market’s response to the company’s public debut.
- IPO Review: Technichem Organics has reported a Year-on-Year (YoY) dip of 8% in revenue generation for FY24, while its Profit After Tax (PAT) surged by an impressive 175%. This growth in profitability, despite a revenue dip, makes the IPO an intriguing investment opportunity. The company’s market capitalization is ₹95.27 crore, highlighting its position in the chemical industry.
Technichem Organics IPO Subscription Status
As the IPO is still in its opening phase, investors are closely watching the subscription status. The early signals from the grey market indicate a positive response, which could lead to a strong subscription rate once the IPO closes. Given the competitive price band and the attractive growth potential of the chemical sector, it’s expected that Technichem Organics may see healthy participation from investors.
Why Invest in Technichem Organics?
Technichem Organics operates in the chemical industry, a sector known for its growth potential, especially in the post-pandemic era. The company’s strong profitability growth and positive investor sentiment in the grey market suggest that it may deliver good returns in the future. With the listing expected on the BSE SME Exchange, Technichem Organics is positioning itself to tap into the growing demand for chemical products across multiple industries.
Conclusion: Investors looking for opportunities in the SME IPO space may find the Technichem Organics IPO worth exploring, especially with its promising GMP, robust PAT growth, and reasonable price band. As always, potential investors should conduct thorough research and consult with financial experts before making an investment decision.
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