IPO IPO-Synopsis
Technichem Organics Ltd

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Registered Office: 5th Floor Malak Complex,Navarangapura , Ahmedabad - 380009 , Gujarat , India.
Phone : +91-79-2754 3722   Fax:
Email :  investors@technichemorganics.com  
Website :  www.technichemorganics.com
Initial public offer of upto 45,90,000 equity shares of face value of Rs10/- each (the "Equity Shares") of Technichem Organics Limited ("The Company" or "Technichem" or "The Issuer") for cash at a price of Rs55 per equity share including a share premium of Rs45 per equity share (the "Issue Price") aggregating to Rs25.25 crores ("The Issue"), of which upto 2,52,000 equity shares of face value of Rs10/- each for cash at a price of Rs55 per equity share including a share premium of Rs44 per equity share aggregating to Rs1.39 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of upto 43,38,000 equity shares of face value of Rs10/- each at a price of Rs55 per equity share including a share premium of Rs44 per equity share aggregating to Rs23.86 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.50 % and 25.04 % respectively of the post issue paid up equity share capital of the company. Issue price Rs55 per equity share of face value Rs10 each.

Issue Money Payable On
Opens On Closes On Application Allotment
31-Dec-24 02-Jan-25 Rs55.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  Rs Cr Lead Managers to the Issue
Project Cost 22.53
Shreni Shares Ltd
Project Financed through Current Offer 25.25  
Post Issue Equity Share Capital 17.32  
Issue Price Rs55.00  
Projects
Funding of capital exp requirements of the company towards setting up of a new plant Names Plant - 4General corporate purposes
Repayment or prepayment in full or part of certain borrowings availed by the company from banks financial institutions and NBFC
Promoted By
Bharat Jayantilal Pandya
Pandya Anilkumar Jayantilal
Alpa Bharat Pandya
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd