Technichem Organics, a renowned Ahmedabad-based company, has successfully completed its SME IPO, garnering significant attention from investors. This article dives into the IPO allotment status, grey market premium (GMP), subscription details, and listing dates.
Key Details About Technichem Organics IPO
Incorporation and Business Overview
Established in 1996, Technichem Organics is engaged in the manufacturing of a wide range of chemicals, including specialty chemicals, pigment and dye intermediates, and air oxidation chemistry. The company caters to industries such as pharmaceuticals, agriculture, coatings, and pigments, showcasing a diverse portfolio.
IPO Details
- Price Band: ₹52-₹55 per share
- Lot Size: 2,000 shares
- Total Issue Size: ₹25.25 crore
- IPO Open Period: December 31, 2024, to January 02, 2025
- Shares Offered: 45,90,000 equity shares (entirely fresh issuance)
The IPO saw overwhelming demand, being oversubscribed 425.09 times overall. Here’s a breakdown of the subscription data:
| Investor Category | Subscription Times |
|---|---|
| Qualified Institutional Buyers (QIBs) | 101.49 |
| Non-Institutional Investors (NIIs) | 1,078.90 |
| Retail Investors | 329.43 |
Grey Market Premium (GMP) Trends
The grey market premium for Technichem Organics remained consistent throughout the bidding period. It started at ₹11 and climbed to ₹15, reflecting strong investor sentiment. This indicates a potential listing gain of approximately 27-28%.
Allotment and Listing Information
- Allotment Date: Likely finalized on January 03, 2025
- Refunds Initiation: By January 06, 2025
- Listing Date: Scheduled for January 07, 2025
- Listing Platform: BSE SME
How to Check IPO Allotment Status
Investors can check the allotment status through the following platforms:
1. BSE Website
- Visit BSE Allotment Status
- Select Equity under “Issue Type.”
- Choose “Technichem Organics Limited” under the issue name.
- Enter your Application Number and PAN ID.
- Verify using the CAPTCHA and click “Search.”
2. Bigshare Services Portal
- Go to Bigshare IPO Portal
- Select the IPO name (visible only after allotment finalization).
- Use one of the following modes:
- Application Number/CAF No.
- Beneficiary ID.
- PAN ID.
- Enter details, solve the CAPTCHA, and click “Search.”
Responsibilities of the Registrar
Bigshare Services Private Limited, the IPO registrar, ensures efficient handling of the allotment process. As per SEBI regulations, the registrar manages:
- Electronic credit of shares to successful applicants.
- Refunds and revocations of unsuccessful applications.
- Addressing investor-related queries.
Key Highlights of Technichem Organics IPO
- Solid Investor Response: The IPO attracted bids worth over ₹7,100 crore.
- Sector Strength: A diversified portfolio of chemical products catering to multiple industries adds to its appeal.
- Listing Gains: A steady GMP indicates a promising listing performance.
Disclaimer: The information provided here is for educational and informational purposes only. It does not constitute investment advice. Investors are encouraged to conduct their research or consult financial advisors before making investment decisions.