The Citichem India IPO has been structured as a fixed-price issue amounting to ₹12.60 crores. An entirely fresh issue of 18.00 lakh shares is being offered.
The subscription for the Citichem India IPO is scheduled to open on December 27, 2024, and will close on December 31, 2024. The allotment process is expected to be finalized on Wednesday, January 1, 2025. The listing of the Citichem India IPO is planned on the BSE SME, with a tentative listing date set for Friday, January 3, 2025.
A price of ₹70 per share has been determined for the Citichem India IPO. A minimum lot size of 2000 shares is required for an application. An investment of ₹1,40,000 is necessary for retail investors, while HNI investors are required to invest in a minimum of 2 lots (4,000 shares), amounting to ₹2,80,000.
Get the Citichem India IPO RHP for detailed information.
| IPO Date | December 27, 2024 to December 31, 2024 |
| Listing Date | January 3, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 70 to ₹ -- / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | ₹12.60 Cr |
| Fresh Issue | ₹12.60 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 50,00,000 |
| Share holding post issue | 68,00,000 |
| Market Maker portion | 92,000 shares |
Citichem India Limited IPO opens on December 27, 2024, and closes on December 31, 2024.
| IPO Open Date | December 27, 2024 |
| IPO Close Date | December 31, 2024 |
| Basis of Allotment | January 1, 2025 |
| Initiation of Refunds | January 2, 2025 |
| Credit of Shares to Demat | January 2, 2025 |
| Listing Date | January 3, 2025 |
| Cut-off time for UPI mandate confirmation | December 31, 2024 |
Bids can be placed by investors for a minimum of 2000 shares and in multiples thereof. The minimum and maximum investment by retail investors and HNIs, in terms of shares and amount, is depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | |
| Retail (Max) | 1 | 2,000 | |
| S-HNI (Min) | 2 | 4,000 | |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 83.25% |
| Share Holding Post Issue | 61.21% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | |
|
| NII (HNI) Shares Offered | |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in 1992, Citichem India Limited is involved in the purchase and supply of organic and inorganic chemicals, bulk drugs, and food chemicals to the pharmaceutical industry.
The direct supply of specialty chemicals, bulk drugs, and intermediate products is prioritized by the company.
Specialty chemicals and intermediates, which find applications across industries such as aluminum, steel, textiles, paper, dairy, paints, dyes and intermediates, soap making, pharmaceuticals, food, and adhesives, are traded by the company.
Food preservatives and chemicals under the company’s brand name are also supplied and sold through its distribution team, with the safe delivery of bulk supplies being ensured.
Products such as Caustic Soda Flakes, Caustic Soda Lye, Citric Acid Monohydrate, Hydrogen Peroxide, and others are supplied by the company.
| KPI | Values |
|---|---|
| ROE | 15.42% |
| ROCE | 21.47% |
| Debt/Equity | 0.15 |
| RoNW | 15.42% |
| P/BV | |
| PAT Margin (%) | 5.70 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.24 | 1.17 |
| P/E (x) | 31.3 | 59.65 |
The Net Proceeds from the Fresh Issue are intended to be utilized by the Company for the following objectives:
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/ |
Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: citichemindia.ipo@kfintech.com |
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