Technichem Organics, opened its public issue on December 31, 2024 and ended its three day subscription window on January 2, 2025. A BSE SME issue, Technichem Organics IPO’s price band was set between the range of Rs 52 to Rs 55 per share.
The allotment of shares of Technichem Organics is set to be finalised today, January 3, 2025 and the listing of the issue on the BSE SME platform is scheduled on January 7, 2025.
Here is how to check the allotment status online
Investors who have participated in the public offering can check the allotment status online through platforms such as BSE, BigShare Services.
Via BSE Website
Visit the BSE website.
Select ‘Equity’ under the Issue Type dropdown.
Choose ‘Technichem Organics Limited’ from the company list.
Enter your application number or PAN.
Solve the captcha and click ‘Search’ to view the status.
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Via Bigshare Services Website
Select IPO Allotment Status from the homepage.
Choose ‘Technichem Organics Limited’ from the dropdown.
Enter details like Application Number, Beneficiary ID, or PAN.
Solve the captcha and click ‘Search’ to see your allotment status.
Technichem Organics IPO – GMP
As of the latest trend, Technichem Organics shares are trading at a premium of Rs 15, indicating a potential listing price of Rs 70, a 27.27 per cent premium over the upper price band.
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Technichem Organics IPO – About the IPO Managers
Shreni Shares serves as the lead managers of the IPO and Bigshare Service is acting as the registrar of the issue.
Technichem Organics IPO – Overall Subscription
The IPO was oversubscribed 425.09 times on the final day of bidding. The retail portion was subscribed329.43 times, Non-Institutional Investors (NII)led with a staggering subscription of 1,078.9 times and the Qualified Institutional Buyers (QIB) segment was subscribed 101.49 times.
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