What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Technichem Organics Limited IPO allotment date?

The basis of allotment for Technichem Organics Limited IPO is scheduled to be finalized on 3 Jan 2025.

Where can I check Technichem Organics Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 4 Jan 2025.

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Grey Market Intelligence

Technichem Organics Limited

ListedSME

Chemicals · BSE

Incorporated in 1996, Technichem Organics Limited is a manufacturer of specialty chemicals, pigment and dye intermediates, and air oxidation chemistry products, serving industries such as pharmaceuticals, agriculture, coatings, and dyes. Operating across three in-house plants with an annual capacity of 950,000 kg on 26,079 square meters, the company has a global presence in 11 countries, with significant exports to China. Technichem emphasizes quality, environment, health, and safety through integrated systems to ensure consistent, high-standard chemical solutions.

Price Band

₹52 – ₹55

Issue Size

₹25.25 Cr

Lot Size

2000 shares

GMP

₹17

+30.9%

Est. Listing

₹72

at current GMP

Subscribed

425.17x

overall

Open

31 Dec 2024

2 Jan 2025

Allotment

3 Jan 2025

Refund

4 Jan 2025

Demat Credit

5 Jan 2025

Listing

7 Jan 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Technichem Organics Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

3 Jan 2025

Basis finalization

Refunds Initiate

4 Jan 2025

Mandate release

Demat Credit

5 Jan 2025

Shares in demat

Listing Debut

7 Jan 2025

Trading begins

About Technichem Organics Limited Public Issue & Market Profile

Technichem Organics Limited is bringing an initial public offering (IPO) in the Chemicals sector with an aggregate issue size of ₹25.25 Crores. The shares are offered at a price band of ₹52 to ₹55 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,10,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-01-05, while un-allotted funds or UPI block mandates will be released on 2025-01-04.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.