Technichem Organics Ltd. has announced public offering of 4590000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 45.00 per share. The gross proceeds of the issue are expected to be Rs 2,524.50 lakhs.

The company's initial public offer (IPO) will open on 31 December 2024 and is expected to close on 02 January 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 52.00-55.00 per share.

The IPO includes a fresh Issue of 4590000 Equity Shares of the Company at an price of Rs 55.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Technichem Organics Ltd. anticipates using the proceeds of the issue for .

Shreni Shares Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.