Technichem Organics IPO day 3: GMP, subscription status, price, review, other details about BSE SME IPO

Technichem Organics IPO: Technichem Organics Limited's initial public offering (IPO) hit the Indian primary market on Tuesday, December 31. Bidding for the IPO began today at 10:00 AM and closed at 5:00 PM on January 2. The company has declared the IPO price band at ₹52 to ₹55 apiece. The chemical company aims to raise ₹25.25 crore from this fresh public issue. The SME IPO is proposed for listing on the BSE SME Exchange.

Meanwhile, for Technichem Organics IPO, the grey market is signalling positive trends. According to stock market observers, shares of Technichem Organics Limited are available at a premium of ₹15 in the grey market today.

Technichem Organics IPO subscription status

At the end of the third day of bidding on Thursday, the issue had seen an overall subscription of 425.08 times, with the retail portion booked 329.43 times and the NII portion subscribed 1,078.89 times. The segment reserved for QIBs was subscribed 101.49 times.

Technichem Organics IPO details

1] Technichem Organics IPO GMP: According to stock market observers, shares of Technichem Organics Limited are available at a premium of ₹15 in the grey market today.

2] Technichem Organics IPO price: The chemical company has declared the price band of the public issue at ₹52 to ₹55 per equity share.

3] Technichem Organics IPO date: The public issue opened on December 31 and closed on January 2.

4] Technichem Organics IPO size: This is an entirely new public issue, and the company aims to raise ₹25.25 crore.

5] Technichem Organics IPO lot size: A bidder can apply in lots, and one lot of the book build issue comprises 2000 company shares.

6] Technichem Organics IPO allotment date: The most likely date for finalization of share allocation is 3 January 2025.

7] Technichem Organics IPO registrar: Bigshare Services Private Limited has been appointed official registrar of the book build issue.

8] Technichem Organics IPO Lead Manager: Shreni Shares has been appointed lead manager of the public issue.

9] Technichem Organics IPO listing date: The public issue is proposed for listing on the BSE SME Exchange, and the most likely date for share listing is 7 January 2024.

10] Technichem Organics IPO review: The market capitalization of Technichem Organics IPO is ₹95.27 crore. In FY24, the company reported a YoY dip of 8 per cent in revenue generation while its PAT (Profit After Tax) skyrocketed around 175 per cent.

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