Citichem India IPO
Open SmeCurrent GMP
₹15 (+21.43%)
Price Band
₹ 70 – 70
Lot Size
2000
Issue Size
₹12.6 Cr
Minimum Investment
₹280000 (4000 Shares)
Listing Date
03 January 2025
Subscription
414.4x
About the Company
Citichem India Limited was originally incorporated as Citichem Alkalies (Bombay) Private Limited on March 18, 1992. It was founded by Mr. Arif Merchant and his family.
Core Business Activities:
- Main Focus: The company is primarily engaged in the procurement, buying, and supplying of organic and inorganic chemicals, bulk drugs, and food chemicals to the pharmaceutical and other industries.
- Key Sectors Served: Pharmaceutical, textile, paint, paper, dairy, dyes & intermediates, soap-making, adhesives, and food industries.
- Product Delivery: Citichem India supplies its products under its brand, ensuring bulk deliveries through a dedicated distribution team.
- Headquarters: Registered Office is located in Mumbai, Maharashtra.
Business Verticals:
- Specialty Chemicals, Intermediates, and Active Pharmaceutical Ingredients (API):
- Sourcing, indenting, outsourcing, and supplying specialty chemicals, bulk drugs, and APIs for both domestic and international clients, focusing on pharmaceuticals, paints, and food industries.
- Applications include textiles, pharmaceuticals, bulk drugs, paints, food, fragrances, and agrochemicals.
- Food Chemicals:
- Repackaging, retail distribution, and marketing of food chemicals.
- Laboratory Chemicals:
- Providing comprehensive solutions for laboratory chemicals.
Product Range:
- The company deals in a wide range of chemicals, including:
- Organic, Inorganic & Specialty Chemicals: Caustic Soda Flakes, Soda Ash Light, Caustic Potash Flakes, Hydrogen Peroxide, etc.
- Pharmaceutical and Food Chemicals: Key ingredients and raw materials used in various industries.
Promoters
- Mr. Arif Esmail Merchant
- Mr. Hashim Arif Merchant
- Mrs. Fozia Arif Esmail Merchant
- Mrs. Saima Hashim Merhant
Promoters Holding
Holding Pre Issue
83.25%
Holding Post Issue
61.21%
Objects of the Issue
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.
Address / Contact Info
Citichem India Limited
7, Floor 1, Plot No 96, Dhram Jyoti, Kazi Sayed
Street, Khand Bazar, Masjid Station, Mandvi,
Mumbai - 400003, Maharashtra
Phone: +91- 9223278100
Email: cs@citichemindia.com
Website: https://www.citichemindia.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 27 December 2024
IPO Close Date
Tuesday, 31 December 2024
Basis of Allotment
Wednesday, 01 January 2025
Initiation of Refunds
Thursday, 02 January 2025
Credit of Shares to Demat
Thursday, 02 January 2025
Listing Date
Friday, 03 January 2025 — NSE & BSE
Important Dates
Open Date
27 December 2024
Close Date
31 December 2024
Basis Of Allotment
01 January 2025
Listing Date
03 January 2025
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 6851.56 | 6932.79 | 7972.53 | 9142.69 |
| Revenue | 149.07 | 1960.58 | 2094.07 | 8528 |
| Profit After Tax | 19.95 | 111.83 | 36.26 | 23.94 |
| Net Worth | 745.06 | 725.11 | 613.27 | 577.01 |
| Reserve & Surplus | 245.06 | 225.11 | 113.27 | 77.01 |
| Total Borrowings | 108.21 | 108.21 | 109.65 | 110.62 |
EPS Pre
2.24%
EPS Post
1.17%
P/E Pre
31.30
P/E (Post Issue)
59.65x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 15.42 |
| ROCE % | 21.47 |
| Debt / Equity | 0.15 |
| RoNW % | 15.42 |
| PbW | 0 |
| Pat Margin % | 5.7 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 92000 | 5.11 | 0 |
| Non-Institutional | 854000 | 47.44 | 0 |
| Retail Investors | 854000 | 47.44 | 0 |
| Total | 1800001 | 100 | 0 |
Subscription Status ( Tue, 31 Dec 24 01:19 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 6528000 | 0x |
| Non-Institutional | 854000 | 237398000 | 277.98x |
| Retail Investors | 854000 | 463872000 | 543.18x |
| Total | 1708000 | 707798000 | 414.4x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 140,000.00 |
| Retail (Max) | 1 | 2,000 | 140,000.00 |
| S-HNI (Min) | 2 | 4,000 | 280,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Citichem India IPO is a Fixed price IPO worth ₹12.6 crores. The price band is ₹70 to 70 per share. The IPO opens on Fri, Dec 27, 2024 and closes on Tue, Dec 31, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Citichem India IPO opens on Fri, Dec 27, 2024 and closes on Tue, Dec 31, 2024
Citichem India IPO Price Band is ₹70 to 70.
Citichem India IPO lot size is 2000, and the minimum amount required for application is ₹280000.
The minimum investment for Citichem India IPO is approximately ₹280000 based on the upper price band.
To apply for the Citichem India IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Dec 31, 2024. After submission, funds are blocked until the basis of allotment of Citichem India IPO is finalised.
Citichem India IPO issue size is ₹12.6 crores.
Citichem India IPO allotment date is Sat, Jun 27, 2026.
The registrar for Citichem India IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Citichem India IPO through their official website or helpline.
The Citichem India IPO GMP (Grey Market Premium) is ₹15 as of Fri, Jan 3, 2025. Based on the upper price band of ₹70 per share, the estimated Citichem India IPO listing price is ₹85, indicating a potential listing gain of approximately 31% over the issue price.