Citichem India IPO is set to open on December 27, 2024, and will close on December 31, 2024. The Citichem India IPO is a Book Built Issue, aiming to raise approximately ₹12.60 crores. This includes a fresh issue of ₹12.60 crores and an offer for sale of up to [.] equity shares. The face value of each share is ₹10.
Citichem India IPO Price band is set ₹70 per share. The quota allocation is 50% for Retail investors, 00% for Qualified Institutional Buyers (QIB), and 50% for Non-Institutional Investors (HNI). Citichem India IPO is scheduled to list on BSE on January 3, 2025, with the allotment announcement on January 1, 2025.
The company reported revenue of ₹19.61 crores in 2024, compared to ₹20.94 crores in 2023. It posted a Profit of ₹1.12 crores in 2024, compared to a Profit of ₹0.36 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- Citichem India IPO Details
- Citichem India IPO Market Lot
- Citichem India IPO Dates
- About Citichem India
- Promoters of Citichem India
- Citichem India Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Citichem India IPO GMP (Grey Market Premium)
- Citichem India Subscription Status
- Citichem India Allotment Status
- IPO Registrar
- IPO Lead Managers
- Citichem India Contact
- FAQs
Citichem India IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Citichem India Limited |
| Industry | Specialty Chemicals and Pharmaceutical Ingredients |
| IPO Issue Type | Book Built Issue |
| Open Date | December 27, 2024 |
| Close Date | December 31, 2024 |
| Total Issue Size | Approx. ₹12.60 Crores |
| Fresh Issue | Approx. ₹12.60 Crores |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹71 Per Share |
| Listing on | BSE SME |
| Lot Size | 2000 Shares Per Lot |
| Offer for Sale | Approx [.] Equity Shares |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 00% |
| Shares Offered to HNI | 50% |
Citichem India IPO Market Lot
Citichem India IPO has a minimum lot size of 2000 shares, with an amount of ₹1,40,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,40,000 |
| Retail Maximum | 1 | 2,000 | ₹1,40,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,80,000 |
Citichem India IPO Dates
Citichem India IPO opens on December 27, 2024, and closes on December 31, 2024. The allotment will be announced on January 1, 2025, and the IPO will be listed on January 3, 2025.
| Event | Date |
|---|---|
| IPO Open Date | December 27, 2024 |
| IPO Close Date | December 31, 2024 |
| Basis of Allotment | January 1, 2025 |
| Refunds | January 2, 2025 |
| Credit to Demat Account | January 2, 2025 |
| IPO Listing Date | January 3, 2025 |
About Citichem India
Citichem India Limited, founded in 1992, specializes in sourcing and supplying organic and inorganic chemicals, bulk drugs, and food chemicals primarily for the pharmaceutical industry. The company also exports specialty chemicals, bulk drugs, and intermediate products globally. Known for its commitment to safety and accuracy, Citichem delivers food preservatives and chemicals under its own brand while maintaining precise sales records. Additionally, it offers a comprehensive range of laboratory chemicals, serving research and analytical needs as a full-service provider. With expertise in sourcing, custom manufacturing, and supplying specialty chemicals, APIs, and bulk drugs, Citichem caters to clients across the pharmaceutical, paint, and food industries in both domestic and international markets.
Promoters of Citichem India
- MR. Arif Esmail Merchant
- MR. Hashim Arif Merchant
- MRS. Fozia Arif Esmail Merchant
- MRS. Saima Hashim Merhant
Citichem India Financial Report
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 6,851.56 | 6,932.79 | 7,972.53 | 9,142.69 |
| Revenue | 149.07 | 1,960.58 | 2,094.07 | 8,528 |
| Profit After Tax | 19.95 | 111.83 | 36.26 | 23.94 |
| Net Worth | 745.06 | 725.11 | 613.27 | 577.01 |
| Reserves and Surplus | 245.06 | 225.11 | 113.27 | 77.01 |
| Total Borrowing | 108.21 | 108.21 | 109.65 | 110.62 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Shankar Lal Rampal DyeChem Ltd | 1.02 | 91.33 | 6.59 | 15.40 | 287.73 Cr. |
| Vinyl Chemicals (I) Ltd | 11.91 | 30.31 | 18.71 | 63.66 | 597.01 Cr. |
Peer Group Comparison
| KPI | Values |
|---|---|
| ROE | 15.42% |
| ROCE | 21.47% |
| EBITDA Margin | 9.14% |
| PAT Margin | 5.70% |
| Debt to equity ratio | 0.15 |
| Earning Per Share (EPS) | ₹2.24 (Basic) |
| Price/Earning P/E Ratio | 31.30 |
| Return on Net Worth (RoNW) | 15.42% |
| Net Asset Value (NAV) | ₹14.50 |
Objective of the Issue
- The funds will be utilized for capital expenditure to acquire property, purchase transportation vehicles and accessories, support general corporate purposes, and covering issue-related expenses.
Citichem India IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Citichem India, please visit the IPO GMP page.
Citichem India Subscription Status
This IPO subscription kicks off on December 27, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Citichem India Allotment Status
To check Citichem India IPO allotment status, visit the IPO register website Kfintech or go to the IPO Allotment page.
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium, Tower-B, Plot 31& 32,
Gachibowli Financial District Nanakramguda,
Hyderabad – 500032, Telangana, India
Telephone: +91-40-6716-2222
Email: citichemindia.ipo@kfintech.com
Website: www.kfintech.com
IPO Lead Managers
HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91-33 4600 0607
Email: akash.das@horizon.net.co
Website: www.horizonmanagement.in
Citichem India Contact
Citichem India LIMITED
7, Floor 1, Plot No 96, Dhram Jyoti, Kazi Sayed Street,
Khand Bazar, Masjid Station, Mandvi,
Mumbai – 400003, Maharashtra
Phone: +91-7506196222 /+919223432143
E-mail: marketing@citichemindia.com / citichemindialtd@gmail.com
Website: www.citichemindia.com
FAQs
What is Citichem India’s IPO?
Citichem India’s IPO is an SME IPO aiming to raise ₹12.60 crore. The shares are priced at ₹70 each, and the IPO will be listed on the BSE.
When will Citichem India’s IPO open?
The IPO will open for subscription on December 27, 2024, and close on December 31, 2024. Investors from QIB, NII, and Retail categories can participate.
What is the investor allocation for Citichem India’s IPO?
The allocation is 50% for NII (Non-Institutional Investors) and 50% for Retail Investors.
How to apply for Citichem India’s IPO?
You can apply online via ASBA through your bank account or UPI through stock brokers. Offline applications can also be made by filling out a physical form with your stock broker.
What is the issue size of Citichem India’s IPO?
The total issue size of the Citichem India’s IPO is ₹12.60 crore.
Note: Citichem India’s IPO price band and date have been officially announced. Citichem India’s IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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