IPO

Citichem India Limited IPO

BSE SME

Listed On: Jan 3, 2025 at ₹ 70.0

₹ 280000 /4000 Shares
*Min Investment

Check Allotment

27 Dec, 2024

Open Date

31 Dec, 2024

Close Date

01 Jan, 2025

Allotment Date

03 Jan, 2025

Listing Date
Citichem India IPO Issue Details
  • Issue Price ₹70 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 18,00,000 shares(aggregating up to ₹12.6 crore)
  • Fresh Share 18,00,000 shares(aggregating up to ₹12.6 crore)
  • Listing at BSE SME
  • List Price 70.0
  • Listing Date 2025-01-03
  • Lead Manager Horizon Management Private Limited
  • Registrar Kfin Technologies 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.

ApplicationLotsSharesAmount
Retail (min)12000₹1,40,000
Retail(max)12000₹1,40,000
NII (min) 24000₹2,80,000
Citichem India IPO Reservation

Citichem India IPO offers total 18,00,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,8,54,000 (47.44%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Market Maker Shares Offered92,000 (5.11%)
Retail Shares Offered8,54,000 (47.44%)
Total Shares Offered18,00,000 (100%)
Citichem India IPO Documents
DRHP
RHP
Citichem 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.

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Citichem India IPO Subscription Analysis And Details
Retail
543.18x
Total
414.40x
As onQIB / NIIRetailTotal
Shares Offered / Reserved8,54,0008,54,00017,08,000
Day 1 27-12-24 06:00 PM
8.43 x46.12 x27.28 x
Day 2 30-12-24 06:00 PM
86.42 x266.29 x176.57 x
Day 3 31-12-24 06:00 PM
277.98 x543.18 x414.40 x
Total No of Applications
3,06,306
Citichem India Valuations
EPS Pre IPO ₹2.24/-
EPS Post IPO ₹1.17/-
P/E Pre IPO 31.3
P/E Post IPO 59.65
ROE 15.42%
ROCE 21.47%
Debt/Equity 0.15
RoNW 15.42%
PAT Margin 5.70
Citichem India Company Financials
In Lakhs
In Lakh
30-Jun-2431-Mar-2431-Mar-2331-Mar-22
Assets6,851.566,932.797,972.539,142.69
Revenue149.071,960.582,094.078,528
Profit After Tax19.95111.8336.2623.94
Net Worth745.06725.11613.27577.01
Reserves & Surplus245.06225.11113.2777.01
Total Borrowing108.21108.21109.65110.62
About Citichem India 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.

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Citichem India - Promoter(s)

Mr. Arif Esmail Merchant

Mr. Hashim Arif Merchant

Mrs. Fozia Arif Esmail Merchant

Mrs. Saima Hashim Merhant

Pre Issue Share Holding : 83.25%

Post Issue Share Holding : 61.21%

Citichem India IPO - Issue Objectives
1

For Capital expenditure for acquisition of Property

2

For purchasing of Transportation Vehicles and accessories

3

For General Corporate Purposes

4

For meeting the Issue Expenses.

Citichem India IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Citichem India Limited2.242.24N/A31.315.4214.5Restated Financial Statements
Shankar Lal Rampal Dye-chem Ltd1.021.02N/A91.336.5915.4Standalone
Vinyl Chemicals (India) Ltd.11.9111.91N/A30.3118.7163.66Standalone

Notes:

  1. 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.
  2. Return on Net Worth (%) = Profit for the year ended March 31, 2024 divided by Total Equity of the Company as on March 31, 2024.
  3. 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 Details

Citichem India

7, Floor-1, Plot-96, Dharam Jyoti, Kazi Sayed Street, Khand Bazar, Masjid Station, Mandvi, Mumbai 400003

+91- 9223278100

cs@citichemindia.com

https://www.citichemindia.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

citichemindia.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/