Technichem Organics IPO allotment: How to check status online on BSE, Bigshare Services

Technichem Organics IPO allotment status is expected to be finalised on Friday, January 3, after a robust subscription. Investors can check bid finalisation details on the websites of BSE and the registrar, Bigshare Services Pvt Ltd.

Technichem Organics IPO saw a phenomenal response from investors during the three-day bidding period as the public offer was subscribed more than 392 times, according to the data on the BSE website.

The IPO attracted bids for more than 129.25 crore shares against 32.92 lakh shares on offer, leading to an overall subscription of 392.62 times.

The Non-Institutional Investors' (NII) segment saw the highest demand, with a subscription of 778.42 times. The NIIs applied for nearly 70.37 crore shares against the allocation of 9.04 lakh shares.

The retail portion of the IPO was booked 329.43 times, with bids for more than 50 crore shares against 15.2 lakh shares set aside for the category.

How to check Technichem Organics IPO allotment status online on Bigshare Services

• Head to Bigshare services' IPO bid verification page- https://www.bigshareonline.com/ipo_Allotment.html
• From three servers, select any one.
• Pick 'Technichem Organics Ltd'
• Enter either beneficiary ID, application no or PAN no
• Complete Captcha verification and click on search

Steps to check Technichem Organics IPO allotment status online on BSE

• Go to the IPO allotment portal of BSE - https://www.bseindia.com/investors/appli_check.aspx
• Keep the issue type as 'Equity'
• Select 'Technichem Organics Ltd'
• Enter the details (Application no or PAN)
• Enter Captcha
• Click on the submit button

Technichem Organics IPO details

The Technichem Organics IPO was a book-built offer with a total issue size of ₹25.25 crore. It consisted entirely of a fresh issuance of 45.9 lakh equity shares, with no offer-for-sale (OFS) component.

During the bidding period for the Technichem Organics IPO, the retail investors were allowed to place bids for a minimum lot size of 2,000 shares. The minimum investment amount for retail investors was ₹1,10,000 for a single lot.

Shreni Shares Limited serves as the book-running lead manager and market maker for the Technichem Organics IPO.

Technichem Organics IPO listing date

The Technichem Organics IPO opened for subscription on December 31, 2024. The IPO allotment status is scheduled to be finalised on Friday, January 3. Refunds for unsuccessful applications will be initiated by Monday, January 6, and on the same day, shares will also be credited to the allottees' Demat accounts.

The company's shares will be listed on the BSE SME on Tuesday, January 7.

Technichem Organics IPO objects

The proceeds from the Technichem Organics IPO will support three objectives. A significant portion will go toward funding the establishment of a new facility, 'Plant 4,' to expand the company's manufacturing capacity. The funds will then be used to repay or prepay certain loans taken from banks, financial institutions, and non-banking financial companies. The remaining amount will be allocated for general corporate purposes.

About Technichem Organics Limited

Technichem Organics Ltd, established in 1996, manufactures chemicals, including speciality chemicals, pigment and dye intermediates, and products developed using air oxidation chemistry. The company caters to industries such as pharmaceuticals, agriculture, coatings, pigments, and dyes.

Technichem Organics produces chemical compounds and raw materials tailored to meet the specific needs of the agrochemical, coatings, pharma, dye, pigment, and speciality chemical sectors. It exports to around 11 countries, with China being one of its key international markets.