Citichem India IPO Details
| IPO Open Date: | December 27, 2024 |
| IPO Close Date: | December 31, 2024 |
| Face Value: | ā¹10 Per Equity Share |
| IPO Price Band: | ā¹70 Per Share |
| Issue Size: | Approx ā¹12.60 Crores |
| Fresh Issue: | Approx ā¹12.60 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 Market Lot
The Citichem India IPO minimum market lot is 2,000 shares with ā¹1,40,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2,000 | ā¹1,40,000 |
| Retail Maximum | 1 | 2,000 | ā¹1,40,000 |
| S-HNI Minimum | 2 | 4,000 | ā¹2,80,000 |
Citichem India IPO Dates
The Citichem India IPO date is December 27 and the close date is December 31. The Citichem India IPO allotment will be finalized on January 1 and the IPO listing on January 3.
| 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 |
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
Citichem India Limited was incorporated in 1992 and started a business of the procurement and supply of organic and inorganic chemicals, bulk drugs, and food chemicals to the pharmaceutical sectors. Furthermore, it exports in direct supply of specialty chemicals, bulk drugs, and intermediate products. It is noticeable that this company also sells food preservatives and chemicals under its brand and makes sure of safety in delivering orders and accurate records of sales. It caters complete range of laboratory chemicals, serving as a full-service provider for research and analytical requirements. Moreover, the company specializes in ordering, sourcing, custom manufacturing, and supplying specialty chemicals, bulk drugs, and APIs. These products serve pharmaceutical, paint, and food clients both in India and abroad.
Citichem India IPO Company Financial Report
The company reported revenue of ā¹19.61 crores in 2024 against ā¹20.94 crore in 2023. The company reported profit of ā¹1.12 crores in 2024 against Profit of ā¹0.36 crores in 2023.
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ā¹85.28 | ā¹84.96 | ā¹0.24 | ā¹91.43 |
| 2023 | ā¹20.94 | ā¹20.43 | ā¹0.36 | ā¹79.73 |
| 2024 | ā¹19.61 | ā¹17.96 | ā¹1.12 | ā¹69.33 |
| June 2024 | ā¹1.49 | ā¹1.21 | ā¹0.20 | ā¹68.52 |
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): | ā¹2.24 (Basic) |
| Price/Earning P/E Ratio: | 31.30 |
| Return on Net Worth (RoNW): | 15.42% |
| Net Asset Value (NAV): | ā¹14.50 |
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. |
Objects of the Issue
- 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
- IPO Watch – Avoid
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Citichem India IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
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: [email protected]
Website: https://www.citichemindia.com/
Citichem India IPO FAQs
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Note: The Citichem India IPO price band and date are officially announced. The (Citichem India IPO grey market premium) will be added to the IPO GMP page as it will start).
