look news india
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.
