Technichem Organics shares listed with a premium of 4 percent on the BSE SME platform on January 7 after over 400 times subscription to its Rs 25 crore issue.
Technichem Organics shares listed at Rs 57.25 per share on the BSE, a premium of 4.09 percent from its IPO price. The Rs 25.25 crore IPO had a price band of Rs 52-55 per share with a lot size of 2,000 shares.
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The company's market valuation post listing of shares on the BSE stood at Rs 101.33 crore. Technichem Organics is the chemical manufacturing company.
On the day of listing of shares of the company on the BSE, the shares were commanding a GMP of around 31 percent in the unofficial market.
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