Technichem Organics IPO

LISTED

SME

BSE • Lot Size: 2000 • SME

Issue₹55

→

Listed₹68.31+24%

→

Now₹47.4-13.8%

↓13.8%

*Last updated on 11 Jan 2026

Price Band

₹52 - ₹55

Lot Size

2000

Issue Size

₹25.25 Cr

GMP

N/A

Subscription

425.09x

Analyzing...

IPO Schedule

Open

31 Dec 2024

2 Jan 2025

Allotment

Listing

7 Jan 2025

About Technichem Organics

Technichem Organics is an SME focused on the manufacturing and supply of specialty chemicals, primarily serving the pharmaceutical and agrochemical industries. They produce a range of intermediates and active ingredients, catering to specific client requirements through custom synthesis and contract manufacturing.

Key Strengths

High Return on Equity (ROE) of 27.39% indicates efficient utilization of shareholder funds.
Relatively low P/E ratio of 14.81 compared to industry peers suggests potential undervaluation.
Established relationships with clients in the pharmaceutical and agrochemical sectors provide revenue stability.
Focus on specialty chemicals allows for higher margins compared to commodity chemicals.
Custom synthesis and contract manufacturing capabilities offer a competitive advantage and cater to niche market demands.

Risk Factors

•Being an SME, Technichem Organics faces inherent risks associated with smaller scale of operations and limited financial resources.
•The specialty chemicals industry is subject to stringent regulatory requirements and environmental compliance, which could increase operational costs.
•Fluctuations in raw material prices and currency exchange rates can impact profitability.

Valuation Analysis

The IPO appears reasonably priced given the company's strong ROE and relatively low P/E ratio; however, investors should carefully consider the inherent risks associated with SME IPOs and the cyclical nature of the chemical industry before investing.