Citichem India IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 27 Dec 2024
Close Date
Tue, 31 Dec 2024
Issue Price
₹ 70
Lot Size
2000
Issue Size
₹ 12.60 Cr
Minimum Investment
₹ 280,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Citichem India IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹12.60 Crore, comprising a fresh issue of 18.00 Lakh equity shares aggregating to ₹12.60 Crore.
The Citichem India IPO remained open for subscription from December 27, 2024, to December 31, 2024. The basis of allotment was finalized on January 01, 2025, and the company's shares were listed on BSE SME Platform on January 03, 2025.
The company had fixed the price at ₹70 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹280,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Citichem India Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Citichem India IPO Timeline (Tentative)
- IPO Open Date
- Fri, 27 Dec 24
- IPO Close Date
- Tue, 31 Dec 24
- Basis of Allotment
- Wed, 01 Jan 25
- Initiation of Refunds
- Thu, 02 Jan 25
- Credit of Shares to Demat
- Thu, 02 Jan 25
- Listing Date
- Fri, 03 Jan 25 — NSE & BSE
Open Date
27 December 2024
Close Date
31 December 2024
Basis Of Allotment
01 January 2025
Listing Date
03 January 2025
IPO Subscription
Check Live Subscription →The Citichem India IPO has received bids for 70,77,98,000 shares against 17,08,000 shares offered, resulting in an overall subscription of 414.4x. the NII category is subscribed 277.98x, Retail Investors 543.18x, and QIBs 0x.
QIB
0x
NII
277.98x
RII
543.18x
Total
414.4x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 8,54,000 shares, representing 47.44% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 8,54,000 shares (47.44%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 92,000 | 5.11% |
| Non-Institutional | 854,000 | 47.44% |
| Retail Investors | 854,000 | 47.44% |
| Total | 1,800,001 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Citichem India Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 15.42 |
| ROCE % | 21.47 |
| Debt / Equity | 0.15 |
| RoNW % | 15.42 |
| Pat Margin % | 5.7 |
Peers Comparison
No Peer Comparision Available
About Citichem India Limited
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.
Citichem India IPO 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%
Citichem India IPO Objective
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 Limited Address / Contact Details
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
Citichem India IPO Lot Size
The Citichem India IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,40,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,40,000.
| 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 |
Issue Reservation
- Market Maker — 5.11%
- NII — 47.44%
- RII — 47.44%
Book Running Lead Managers
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Citichem India IPO?
Citichem India IPO is a Fixed price IPO with a total issue size of ₹12.6 crore. The Citichem India IPO price band is ₹70 to 70 per share. The Citichem India IPO subscription opens on Fri, Dec 27, 2024, and closes on Tue, Dec 31, 2024. The Citichem India IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the Citichem India IPO.
When will the Citichem India IPO open for subscription?
The Citichem India IPO opens on Fri, Dec 27, 2024 and closes on Tue, Dec 31, 2024
What is Citichem India IPO Price Band?
Citichem India IPO Price Band is ₹70 to 70 per share.
What is Citichem India IPO Lot Size?
Citichem India IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹280000 based on the upper price band
What is the minimum investment for Citichem India IPO?
The minimum investment for Citichem India IPO is ₹280000, based on one lot of 2000 shares at the upper price band of ₹70 per share.
How to apply for Citichem India IPO?
Investors can apply for the Citichem India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Dec 31, 2024. The application amount remains blocked until the Citichem India IPO allotment is finalized.
What is Citichem India IPO Issue Size?
Citichem India IPO issue size is ₹12.6 crores.
What is the Citichem India IPO Allotment Date?
Citichem India IPO allotment date is Wed, Jan 1, 2025.
Who is the Citichem India IPO Registrar?
The registrar for Citichem India IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Citichem India IPO allotment status, refund processing, and other IPO-related information.
What is the Citichem India IPO GMP?
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 21.43% over the issue price.
Who is the Citichem India IPO Lead Manager?
The book-running lead managers (BRLMs) for the Citichem India IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Citichem India IPO Red Herring Prospectus (RHP).