Citichem India IPO Details
| IPO Issue Open Date: | 27 December 2024 |
| IPO Issue Close Date: | 31 December 2024 |
| IPO Issue Price Band: | ₹70 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹12.60 Crores | 18,00,000 shares |
| Fresh Issue: | ₹12.60 Crores | 18,00,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE SME |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Citichem India IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Citichem India IPO Dates Timeline
| Issue Open Date: | 27 December 2024 |
| Issue Close Date: | 31 December 2024 |
| Basis of Allotment Date: | 1 January 2025 |
| Refunds Initiation: | 1 January 2025 |
| Shares Credit in Demat: | 2 January 2025 |
| IPO Listing Date Detail: | 3 Januiary 2025 |
Citichem India IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 2,000 shares = ₹140,000 |
| Retail (Max) | 1 lots and 2,000 shares = ₹140,000 |
| HNI (Min) | 2 lots and 4,000 shares = ₹280,000 |
| B-HNI Minimum | – |
Citichem India IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹30 | ₹45,600 | ₹- | 43% |
| 26th Dec | ₹30 | ₹45,600 | ₹- | 43% |
| 25th Dec | ₹- | ₹- | ₹- | ₹- |
| 24th Dec | ₹- | ₹- | ₹- | ₹- |
About Citichem India
Citichem India Limited was incorporated in 1992 and involved in the procurement and supply of organic and inorganic chemicals, bulk drugs, and food chemicals to the pharmaceutical sector. Moreover, it has a mastery in the direct supply of specialty chemicals, bulk drugs, and intermediate products. Further, the company deals in specialty chemicals and intermediates that are used in a wide variety of industries including aluminum, steel, textiles, paper, dairy, paints, dyes, soap making, pharmaceuticals, food, and adhesives, especially since it has board spectrum across varied sectors. However, this company also sells food preservatives and chemicals under its brand with surety of orders delivered safely and accurately recorded in the company’s sales records. It caters complete range of laboratory chemicals, serving as a full-service provider for research and analytical requirements.
Citichem India IPO Strengths
To Be Updated Soon
Objects of the IPO 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 Company Financial Report
The company reported revenue of ₹19.61 crores in 2024 against ₹20.94 crores in 2023. The company reported a profit of ₹1.12 crores in 2024 against a loss of ₹0.36 crores in 2023.
| 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 – Key Performance Indicator
KPI as of March 31, 2024.
| 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
The below peer comparison table’s data are showing as per the DRHP and RHP.
| 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/
Citichem India IPO Lead Manager
- Horizon Management Private Limited
Citichem India IPO allotment status check on Kfin Technologies website. Click on Kfin Technologies to get allotment status.
Promoters of Citichem India
- Mr. Arif Esmail Merchant
- Mr. Hashim Arif Merchant
- Mrs. Fozia Arif Esmail Merchant
- Mrs. Saima Hashim Merhant.
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/