Citichem India Limited IPO
BSE SMEListed On: Jan 3, 2025 at ₹ 70.0
₹ 140000 /2000 Shares
Check Allotment27 Dec, 2024
Open Date31 Dec, 2024
Close Date01 Jan, 2025
Allotment Date03 Jan, 2025
Listing DateIssue Price
₹70 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Kfin Technologies LimitedList Price
70.0Listing Date
2025-01-03Market Lot
2000 Shares (₹140,000/-)Lead Manager
Horizon Management Private LimitedIssue Size
18,00,000 shares(aggregating up to ₹12.60 Cr)Retail Portion
50%Subscription
414.40 timesCitichem India IPO Details
Citichem India Limited IPO is an SME IPO, priced at ₹70 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 18,00,000 equity shares, aggregating up to ₹12.6 crores..
The IPO bidding window is open from Dec 27, 2024 to Dec 31, 2024. The allotment is expected to be finalized on Jan 1, 2025, and the tentative listing date is Jan 3, 2025.
The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,40,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,80,000.
Horizon Management Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Aftertrade Broking Pvt Ltd will act as the market maker for this issue.
Citichem India IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 8,54,000 | 8,54,000 | 17,08,000 |
| Day 1 - 27-12-24 06:00 PM | 8.43 x | 46.12 x | 27.28 x |
| Day 2 - 30-12-24 06:00 PM | 86.42 x | 266.29 x | 176.57 x |
| Day 3 - 31-12-24 06:00 PM | 277.98 x | 543.18 x | 414.40 x |
Citichem India Valuations
EPS Pre IPO
₹2.24/-EPS Post IPO
₹1.17/-P/E Pre IPO
31.3P/E Post IPO
59.65ROE
15.42%ROCE
21.47%Debt/Equity
0.15RoNW
15.42%PAT Margin
5.70Citichem India Company Financials All values are in ₹ Lakh
| 30-Jun-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| 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 & Surplus | 245.06 | 225.11 | 113.27 | 77.01 |
| Total Borrowing | 108.21 | 108.21 | 109.65 | 110.62 |
About The Company
Citichem India Limited, integrated in 1992, purchases and sells organic and inorganic chemicals, bulk drugs, and food chemicals to the pharmaceutical industry.
This company is especially focused on supplying specialty chemicals directly to the industry of bulk drugs, intermediate products, and pharmaceutical products.It sells specialty chemicals and intermediates used in a wide variety of applications across industries including aluminum, steel, textiles, paper, dairy, paints, dyes and intermediates, soap making, pharmaceuticals, food, and adhesives.
The company also sells food preservatives and chemicals under its own brand name that are sold through its distribution team to ensure the safe delivery of bulk supplies.The company offers products like Caustic Soda Flakes, Caustic Soda Lye, Citric Acid Monohydrate, Hydrogen Peroxide, and many more.
Citichem India - Promoter(s)
Pre Issue Share Holding: 83.25%
Post Issue Share Holding: 61.21%
- Mr. Arif Esmail Merchant
- Mr. Hashim Arif Merchant
- Mrs. Fozia Arif Esmail Merchant
- Mrs. Saima Hashim Merhant
Citichem India IPO - Issue Objectives
- For Capital expenditure for acquisition of Property
- For purchasing of Transportation Vehicles and accessories
- For General Corporate Purposes
- For meeting the Issue Expenses.
Other Details
Citichem India
7, Floor-1, Plot-96, Dharam Jyoti, Kazi Sayed Street, Khand Bazar, Masjid Station, Mandvi, Mumbai 400003Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: citichemindia.ipo@kfintech.com
Citichem India IPO - FAQs
Ans. Citichem India Limited IPO is a SME IPO. The issue is priced at ₹70 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Dec 27, 2024, and closes on Dec 31, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Citichem India Limited IPO opens on Dec 27, 2024 and closes on Dec 31, 2024.
Ans. The size of Citichem India Limited IPO is 18,00,000 shares(aggregating up to ₹12.60 Cr).
Ans. The IPO price band is set between ₹70 per equity share.
Ans. To apply for Citichem India Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Citichem India Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Citichem India Limited IPO is Jan 1, 2025.
Ans. The Citichem India Limited IPO will be listed on Jan 3, 2025.
Ans. Follow the steps to check the allotment status for Citichem India Limited IPO here.
