Technichem Organics is set to list its shares on the BSE SME platform after its IPO was oversubscribed 425 times. Despite a revenue decline, the company reported a significant profit increase in FY24. The net proceeds will fund capital expenditure, debt repayment, and general corporate purposes.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is