The Technichem Organics Share Price 2030 is scheduled to open on December 31, 2024, marking a notable entry into the SME sector. Specializing in chemical manufacturing, the company seeks to utilize this IPO to fund business expansion and meet working capital requirements. Below is a detailed look at the IPO details and company insights.
IPO Details
- IPO Opening Date: December 31, 2024
- IPO Closing Date: January 02, 2025
- Issue Price: ₹55 per share
- Total Issue Size: ₹25.25 Crores
- Lot Size: 2,000 shares
- Expected Listing Date: January 07, 2025
- Listing Exchange: BSE SME
- Lead Manager(s): Shreni Shares
Company Background: Technichem Organics Limited
Technichem Organics Limited operates in the chemical sector, focusing on manufacturing and supplying high-quality organic compounds. With a commitment to innovation and sustainable practices, the company has established itself as a reliable supplier to industries such as pharmaceuticals, agriculture, and textiles.
Objectives of the IPO
- Business Expansion: Enhance production capacity to meet increasing demand.
- Working Capital: Strengthen liquidity for smoother operations and supply chain efficiency.
- Debt Reduction: Improve financial health by lowering debt obligations.
- Technology Upgradation: Invest in advanced machinery for better efficiency and environmental compliance.
Financial Performance and Predictions
For FY 2023-24, the company reported:
- Revenue: ₹120 Crores
- Net Profit: ₹15 Crores
- Year-on-Year Growth: 18%
| Year | Predicted Share Price (₹) |
|---|---|
| 2025 | ₹60 – ₹70 |
| 2026 | ₹75 – ₹85 |
| 2027 | ₹90 – ₹100 |
| 2028 | ₹110 – ₹120 |
| 2029 | ₹130 – ₹140 |
| 2030 | ₹150 – ₹160 |
Subscription Details
| Category | Subscription Level |
|---|---|
| Retail Investors | High |
| Institutional Investors | Moderate |
| High-Net-Worth Individuals (HNIs) | Significant interest expected |
Key Growth Factors
- Expanding Chemical Market: Growth in demand across industries like pharma and agriculture.
- Focus on Sustainability: Adoption of eco-friendly manufacturing practices.
- Strategic Location: Proximity to key industrial hubs ensures cost-effective operations.
- Technological Upgradation: Continuous investments in advanced machinery for high-quality output.
Conclusion: Is Technichem Organics Limited IPO a Good Investment?
The Technichem Organics Limited IPO provides an attractive opportunity for investors looking to enter the chemical sector. The company’s focus on sustainability, robust financial performance, and well-defined growth strategy make it a promising prospect. However, as with any investment, it is essential to assess market conditions and personal financial goals before making a decision.