Citichem India Limited is launching its IPO at a fixed price of ₹70 per share, with a total issue size of ₹12.60 crores. The IPO opens for subscription on December 27, 2024, and closes on December 31, 2024, offering 18 lakh fresh equity shares. Retail investors can invest a minimum of ₹1,40,000 (1 lot of 2000 shares), while HNIs require a minimum of ₹2,80,000 (2 lots). The allotment will be finalized on January 1, 2025, and shares will be listed on the BSE SME platform on January 3, 2025.
Citichem India IPO Details
| Category | Details |
|---|---|
| IPO Date | December 27 – December 31, 2024 |
| Price per Share | ₹70 |
| Face Value | ₹10 |
| Lot Size | 2,000 shares |
| Total Issue Size | ₹12.60 crore (18 lakh shares) |
| Type | Fixed Price Issue |
| Listing Exchange | BSE SME |
| Pre-Issue Shareholding | 50 lakh shares |
| Post-Issue Shareholding | 68 lakh shares |
| Market Maker Portion | 92,000 shares |
| Registrar | KFin Technologies Ltd. |
| Lead Manager | Horizon Management Pvt. Ltd. |
| Market Maker | Aftertrade Broking Pvt. Ltd. |
IPO Timeline
| Event | Date |
|---|---|
| Opening Date | December 27, 2024 |
| Closing Date | December 31, 2024 |
| Allotment Finalization | January 1, 2025 |
| Refunds Initiated | January 2, 2025 |
| Demat Credit | January 2, 2025 |
| Listing Date | January 3, 2025 |
| Cut-off Time for UPI Mandate | 5:00 PM on December 31, 2024 |
Lot Size and Investment Details
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
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Competitive Strengths
| Strength | Explanation |
|---|---|
| Experienced Promoters | Strong leadership and expertise in the chemical sector. |
| Scalable Business Model | Capacity to expand operations efficiently. |
| Focus on Quality and Innovation | Commitment to delivering top-quality products with innovative solutions. |
| Strategic Location Advantage | Well-placed facilities to cater to domestic and international markets. |
| Supplier and Customer Relations | Strong network with suppliers and loyal customer base. |
| After-Sales Network | Dedicated team to ensure customer satisfaction post-sales. |
About Citichem India Limited
Citichem India Limited, incorporated in 1992, is a reputed supplier of specialty chemicals, active pharmaceutical ingredients (APIs), and food-grade chemicals. The company serves diverse industries, including pharmaceuticals, steel, textiles, food, adhesives, and paints.
The company’s product portfolio includes a wide range of organic and inorganic chemicals, such as Caustic Soda Flakes, Citric Acid Monohydrate, Hydrogen Peroxide, and more. Known for its emphasis on quality and innovation, Citichem has carved a niche as a trusted partner for industrial chemical requirements.
Key Highlights:
- Diverse Product Range: Catering to pharmaceuticals, food processing, and other industries.
- Customer-Centric Approach: Strong after-sales support and long-term customer relationships.
- Scalable Business Model: Positioned for growth in domestic and international markets.
In 2024, Citichem operates with a dedicated workforce of 9 employees, reflecting its commitment to streamlined, efficient operations.
Financial Overview (₹ Lakhs)
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 6,851.56 | 6,932.79 | 7,972.53 | 9,142.69 |
| Revenue | 149.07 | 1,960.58 | 2,094.07 | 8,528 |
| Profit After Tax | 19.95 | 111.83 | 36.26 | 23.94 |
| Net Worth | 745.06 | 725.11 | 613.27 | 577.01 |
| Reserves & Surplus | 245.06 | 225.11 | 113.27 | 77.01 |
| Total Borrowing | 108.21 | 108.21 | 109.65 | 110.62 |
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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