Technichem Organics Ltd - IPO

Technichem Organics Ltd IPO Details

Initial public offer of upto 45,90,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Technichem Organics Limited (The Company or Technichem or The Issuer) for cash at a price of Rs. 55 per equity share including a share premium of Rs. 45 per equity share (the Issue Price) aggregating to Rs. 25.25 crores (The Issue), of which upto 2,52,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 55 per equity share including a share premium of Rs. 44 per equity share aggregating to Rs. 1.39 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of upto 43,38,000 equity shares of face value of Rs. 10/- each at a price of Rs. 55 per equity share including a share premium of Rs. 44 per equity share aggregating to Rs. 23.86 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.50 % and 25.04 % respectively of the post issue paid up equity share capital of the company.Issue price Rs. 55 per equity share of face value Rs. 10 each.

Objective of issue

Funding of capital exp requirements of the company towards setting up of a new plant Names Plant - 4. Repayment or prepayment in full or part of certain borrowings availed by the company from banks financial institutions and NBFC. General corporate purposes.

Technichem Organics Ltd Contact Details

Technichem Organics Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@technichemorganics.com

Website - www.technichemorganics.com