Technichem Organics Limited IPO

Incorporated in 1996, Technichem Organics Limited is engaged in the business of manufacturing a various range of chemicalsSpeciality Chemicals, Pigment & Dye Intermediates and Air Oxidation Chemistry.

Incorporated in 1996, Technichem Organics Limited is engaged in the business of manufacturing a various range of chemicalsSpeciality Chemicals, Pigment & Dye Intermediates and Air Oxidation Chemistry.

The company serves a variety of industries, including pharmaceuticals, agriculture, coatings, pigments, dyes, and more, showcasing the versatility of its products.

They focus on delivering high-quality, precise chemical compounds and raw materials tailored for agrochemical, coating, pharma, dye, pigment, and specialty chemical sectors, with all manufacturing done in-house.

The company has an annual manufacturing capacity of 950,000 kg. It operates three plants at its facility, which covers an area of 26,079 square meters. The company has a global presence, operating in approximately 11 countries, with significant exports directed to China.

The company focuses on quality, environment, health, and safety, recognizing that maintaining high product standards is key to growth. Across its manufacturing facilities, the company has implemented quality systems covering all business processes, from manufacturing and supply chain to product delivery.

Business Model:

  • Manufacturing of specialty chemicals and intermediates: Manufactures specialty chemicals, which are primarily chemical components that find use in agrochemicals, coating, pharma, dyes, and pigments.
  • Custom manufacturing: The Company also can manufacture intermediates and other specialty chemicals on a make-to-order basis.
  • Contract manufacturing/exclusive manufacturing: The company customizes products according to customer requirements and offers them under confidentiality agreements. Their product range includes pharmaceuticals, coating applications, specialty chemicals, and more.

As of June 30, 2024, the company has 72 employees.

Competitive Strengths:

  • Multi-product capability
  • Established infrastructure and integrated production with cost efficiencies
  • Core Focus on consistent R&D, value engineering and to leverage complex chemistry and technology
  • Focus on Quality, Environment, Health and Safety
  • Experienced Promoters and management team
  • Supply Chain Efficiency
  • Long-standing relationships with diversified customers across geographies

Technichem Organics Limited Financial Information (Restated)

Technichem Organics Limited’s revenue decreased by -8% and profit after tax (PAT) rose by 173% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets5,743.175,247.324,424.634,416.56
Revenue1,487.894,696.845,101.976,778.63
Profit After Tax140.46472.68172.93342.06
Net Worth2,102.51,962.041,489.361,316.43
Reserves and Surplus829.371,707.421,234.741,061.81
Total Borrowing1,658.311,763.941,562.151,017.26
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Technichem Organics IPO is Rs 95.27 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE27.39%
ROCE22.57%
Debt/Equity0.90
RoNW24.09%
PAT Margin10.19
Price to Book Value3.57
 Pre IPOPost IPO
EPS (Rs)3.712.73
P/E (x)14.8120.15
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Technichem Organics IPO Objectives)

The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding of capital expenditure requirements of the Company towards setting up of a new plant named as “Plant 4”
  2. Repayment or prepayment, in full or in part, of certain borrowings availed by the Company from banks, financial institutions and non-banking financial companies
  3. General corporate purposes

Technichem Organics IPO Details

IPO DateDecember 31, 2024 to January 2, 2025
Listing Date[.]
Face Value₹10 per share
Price Band₹52 to ₹55 per share
Lot Size2,000 Shares
Total Issue Size45,90,000 shares
(aggregating up to ₹25.25 Cr)
Fresh Issue45,90,000 shares
(aggregating up to ₹ 25.25 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share Holding Pre Issue1,27,31,250 shares
Share Holding Post Issue1,73,21,250 shares
Market Maker Portion2,52,000 shares

Technichem Organics IPO Promoter Holding

Mr. Bharat Jayantilal Pandya and Mr. Pandya Anilkumar Jayantilal are the promoters of the company.

Share Holding Pre Issue97.64%
Share Holding Post Issue71.77%

SHARIAH SCREENING for - Technichem Organics Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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