Citichem India IPO
Citichem India is a BSE SME IPO listed on the BSE SME platform, priced at ₹70 per share. The stock debuted at ₹70 with a flat listing performance. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,40,000.
Citichem India Limited IPO
- IPO Dates
- Dec 27, 2024 – Dec 31, 2024
- Price band
- ₹70 per equity share
- Minimum Investment
- ₹1,40,000
- Issue size
- ₹12.6 Cr
- Lot size
- 2000
- Allotment Date
- Jan 1, 2025
- Listing
- Jan 3, 2025
- Listing At
- BSE SME
IPO timeline
-
Dec 27, 2024
Open Date
Completed
-
Dec 31, 2024
Close Date
Completed
-
Jan 1, 2025
Allotment Date
Completed
-
Jan 3, 2025
Listing Date
Completed
Citichem India IPO Essentials
Citichem India IPO Details
Citichem India IPO is priced at ₹70 per share with a total issue size of 12.6 crore. The IPO has a lot size of 2000 shares and is listed on BSE SME.
- Issue price
- ₹70 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 18,00,000 shares(aggregating up to ₹12.60 Cr)
- Total issue size
- 18,00,000 shares
(aggregating up to ₹12.6 crore) - Fresh issue
- 18,00,000 shares
(aggregating up to ₹12.6 crore) - Listing at
- BSE SME
- List price
- 70.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Horizon Management Private Limited
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,40,000 |
| Retail(max) | 1 | 2000 | ₹1,40,000 |
| NII (min) | 2 | 4000 | ₹2,80,000 |
Citichem India IPO Reservation
Citichem India IPO reservation details show category-wise allocation of shares. Out of the total 18,00,000 shares, approximately 47.44% for retail investors, and 5.11% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Market Maker Shares Offered | 92,000 (5.11%) | |
| Retail Shares Offered | 8,54,000 (47.44%) | |
| Total Shares Offered | 18,00,000 (100%) |
Citichem India IPO Analytics
Citichem India IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Citichem India IPO Subscription Status
Citichem India IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹2.24/-
- EPS Post IPO
- ₹1.17/-
- P/E Pre IPO
- 31.3
- P/E Post IPO
- 59.65
Returns
- ROE
- 15.42%
- ROCE
- 21.47%
- RoNW
- 15.42%
- PAT Margin
- 5.70
Fundamentals
- Debt / Equity
- 0.15
Citichem India Financials( In Lakhs)
| 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 |
Citichem India Company & Offer Insights
About Citichem India
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)
Mr. Arif Esmail Merchant, Mr. Hashim Arif Merchant, Mrs. Fozia Arif Esmail Merchant, Mrs. Saima Hashim Merhant are the company's promoters of Citichem India.
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.
Citichem India IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Citichem India Limited | 2.24 | 2.24 | N/A | 31.3 | 15.42 | 14.5 | Restated Financial Statements |
| Shankar Lal Rampal Dye-chem Ltd | 1.02 | 1.02 | N/A | 91.33 | 6.59 | 15.4 | Standalone |
| Vinyl Chemicals (India) Ltd. | 11.91 | 11.91 | N/A | 30.31 | 18.71 | 63.66 | Standalone |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on BSE on December 18, 2024 divided by the Basic EPS as at March 31, 2024.
- Return on Net Worth (%) = Profit for the year ended March 31, 2024 divided by Total Equity of the Company as on March 31, 2024.
- NAV is computed as the Total Equity of the Company as on March 31, 2024 divided by the outstanding number of equity shares as on March 31, 2024.
Contact Information
Contact Details
Citichem India
+91- 9223278100
https://www.citichemindia.com/
7, Floor-1, Plot-96, Dharam Jyoti, Kazi Sayed Street, Khand Bazar, Masjid Station, Mandvi, Mumbai 400003
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Citichem India IPO is a Fixed Priced IPO worth ₹12.6 crore. The issue price is ₹70 per share (fixed price). The IPO opens on Dec 27, 2024 and closes on Dec 31, 2024. It will be listed on BSE SME Platform. Kfin Technologies Limited is the registrar.
The issue price of Citichem India IPO is ₹70 per share (fixed price).
The lot size of Citichem India IPO is 2000 shares.
The minimum investment for Citichem India IPO is approximately ₹1,40,000 based on the issue price .
Citichem India IPO opens on Dec 27, 2024 and closes on Dec 31, 2024.
The allotment date of Citichem India IPO is Jan 1, 2025.
Citichem India IPO is expected to be listed on Jan 3, 2025, on BSE SME Platform.
Citichem India IPO valuation snapshot: P/E 59.65, EPS ₹1.17/-, P/B N/A, RoNW 15.42%, and market cap N/A.
To apply for Citichem India IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Citichem India IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Citichem India IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Citichem India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Citichem India IPO allotment status on IPO Ji for quick and easy access.