| Technichem Organics Ltd |
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| Registered Office: 5th Floor Malak Complex, Navarangapura, Ahmedabad - 380009, Gujarat |
| Phone: +91-79-2754 3722 |
| Email: investors@technichemorganics.com |
| Website: www.technichemorganics.com |
| Initial public offer of upto 45,90,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Technichem Organics Limited ("The Company" or "Technichem" or "The Issuer") for cash at a price of Rs. 55 per equity share including a share premium of Rs. 45 per equity share (the "Issue Price") aggregating to Rs. 25.25 crores ("The Issue"), of which upto 2,52,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 55 per equity share including a share premium of Rs. 44 per equity share aggregating to Rs. 1.39 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 Rs. 10/- each at a price of Rs. 55 per equity share including a share premium of Rs. 44 per equity share aggregating to Rs. 23.86 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 Rs. 55 per equity share of face value Rs. 10 each. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | Allotment |
| 31-Dec-2024 | 02-Jan-2025 | ₹ 55.00 | ₹ 0.00 |
| Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0 | ||
|---|---|---|
| (₹)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 | ₹55.00 | |
| Projects |
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| Funding of capital exp requirements of the company towards setting up of a new plant Names Plant - 4 |
| Repayment or prepayment in full or part of certain borrowings availed by the company from banks financial institutions and NBFC |
| General corporate purposes |
| Promoted By |
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| Bharat Jayantilal Pandya |
| Pandya Anilkumar Jayantilal |
| Alpa Bharat Pandya |
| Listing At |
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| BSE - SME |
| Registrar to the Issue |
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