Citichem India IPO Details: The Citichem India IPO will open for subscription on December 27, 2024, and close on January 1, 2025. This Fixed Price Issue aims to raise approximately ₹12.60 crores, consisting entirely of a fresh issue. The offer includes equity shares with a face value of ₹10 each.
The price band for the Citichem India IPO is set at ₹70 per share. The allocation is divided as follows: 50% for retail investors, 0% for Qualified Institutional Buyers (QIBs), and 50% for High Net-Worth Individuals (HNIs). The IPO is scheduled to be listed on the BSE on January 3, 2025, with the allotment date set for January 1, 2025.
For the financial year 2024, the company reported a revenue of ₹19.61 crores, compared to ₹20.94 crores in 2023. It also reported a profit of ₹1.12 crores for 2024, up from ₹0.36 crores in 2023. Based on the company’s financial performance, long-term investors may find the IPO worth considering.
Citichem India IPO Objectives:
The Company intends to utilize the Net Proceeds from the Fresh Issue towards the following 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 Review (Apply or Not)
- Update soon
Citichem India IPO Date & Price Band Details:
| IPO Open Date: | December 27, 2024 |
| IPO Close Date: | December 31, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹70 Per Share |
| Issue Size: | Approx ₹12.60 Crores |
| Fresh Issue: | Approx ₹12.60 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 0% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Citichem India IPO Lot Size:
The minimum market lot for the Citichem India IPO is 2,000 shares, with an application 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 Timeline:
The Citichem India IPO will open on December 27 and close on December 31, 2024. The allotment of shares will be finalized on January 1, 2025, with the IPO listing scheduled for January 3, 2025.
| 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 |
Citichem India IPO GMP Today:
GMP for Citichem India SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
Promoters of Citichem India IPO
The promoters of the company are Mr. Arif Esmail Merchant, Mr. Hashim Arif Merchant, Mrs. Fozia Arif Esmail Merchant and Mrs. Saima Hashim Merhant
About Citichem India IPO
Incorporated in 1992, Citichem India Limited is engaged in buying and supplying organic and inorganic chemicals, bulk drugs, and food chemicals to the the pharmaceutical industry.
The company focuses on the direct supply of specialty chemicals, bulk drugs, and intermediate products.
It trades in specialty chemicals and intermediates that have a wide range of applications across industries such as aluminum, steel, textiles, paper, dairy, paints, dyes and intermediates, soap making, pharmaceuticals, food, and adhesives.
The company also supplies food preservatives and chemicals under its brand name, which are then sold through its distribution team, ensuring the safe delivery of bulk supplies.
Citichem India IPO Company Financial Report
The company reported revenue of ₹19.61 crores in 2024 against ₹20.94 crore in 2023. The company reported profit of ₹1.12 crores in 2024 against Profit of ₹0.36 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹85.28 | ₹84.96 | ₹0.24 | ₹91.43 |
| 2023 | ₹20.94 | ₹20.43 | ₹0.36 | ₹79.73 |
| 2024 | ₹19.61 | ₹17.96 | ₹1.12 | ₹69.33 |
| June 2024 | ₹1.49 | ₹1.21 | ₹0.20 | ₹68.52 |
Citichem India IPO Valuation – FY2024
Check Citichem India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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 |
Peer Group Comparison
| 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. |
Citichem India IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: citichemindia.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Horizon Management Private Limited
Company Address
Citichem India Limited
7, Floor-1, Plot-96,
Dharam Jyoti, Kazi Sayed Street, Khand Bazar,
Masjid Station, Mandvi, Mumbai 400003
Phone: +91- 9223278100
Email: cs@citichemindia.com
Website: https://www.citichemindia.com/
Citichem India IPO FAQs
What is Citichem India IPO?
The Citichem India IPO is an SME IPO in which the company aims to raise ₹12.60 crores. The issue price is ₹70 per equity share, and the shares will be listed on the BSE.
When will Citichem India IPO open for subscription?
The Citichem India IPO will open for subscription on December 27, 2024, for QIB, NII, and retail investors. The IPO will close on December 31, 2024.
What is Citichem India IPO’s investor portion?
The allocation for Citichem India IPO is as follows:
- Qualified Institutional Buyers (QIB): 0%
- Non-Institutional Investors (NII): 50%
- Retail Investors: 50%
How to apply for Citichem India IPO?
You can apply for the Citichem India IPO through ASBA online via your bank account or UPI through your stock broker. Alternatively, you can apply offline by filling out the form with your stock broker.
What is the issue size of Citichem India IPO?
The Citichem India IPO has an issue size of ₹12.60 crores.
What is the Citichem India IPO price band?
The price band for Citichem India IPO is ₹70 per share.
What is the Citichem India IPO lot size?
The minimum lot size is 2,000 shares, with an application amount of ₹1,40,000.
What is the Citichem India IPO allotment date?
The allotment date for the Citichem India IPO is January 1, 2025.
What is the Citichem India IPO listing date?
The Citichem India IPO is scheduled to list on BSE on January 3, 2025.
