Technichem Organics Ltd has announced their Initial Public Offer (IPO) raised Rs. 25.24 Cr.

Fund utilization shows no deviations; Rs. 10.24 Cr was used for repayment of borrowings, Rs. 7.97 Cr for general corporate purposes, while Rs. 7.04 Cr allocated for a new plant’s capital expenditure remains unutilized and is planned for FY 2025-26. This allocation reflects disciplined financial management and clear planning for growth, which should reassure shareholders about the company’s prudent use of IPO proceeds.