The Citichem India IPO is set to open on December 27, 2024, and will close on January 1, 2025. This IPO is a Fixed Price Issue, with the company aiming to raise approximately ₹12.60 crores. The offering consists of a fresh issue of ₹12.60 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The IPO price band is ₹70 per share. The allocation is divided into 50% for retail investors, 00% for Qualified Institutional Buyers (QIBs), and 50% for High Net-Worth Individuals (HNIs). Citichem India is expected to list on the Bombay Stock Exchange (BSE) on January 3, 2025, with the IPO allotment date set for January 1, 2025.
In terms of financial performance, Citichem India reported revenue of ₹19.61 crores in 2024, a slight decrease from ₹20.94 crores in 2023. However, the company saw a significant increase in profit, posting ₹1.12 crores in 2024 compared to ₹0.36 crores in 2023. Based on the financials, investors are advised to consider this IPO for long-term investment.
Citichem India IPO Details
- IPO Opening Date: December 27, 2024
- IPO Closing Date: December 31, 2024
- Face Value: ₹10 Per Equity Share
- IPO Price Band: ₹70 Per Share
- Issue Size: Approximately ₹12.60 Crores
- Fresh Issue: Approximately ₹12.60 Crores
- Offer for Sale: Approximately [.] Equity Shares
- Issue Type: Fixed Price Issue
- IPO Listing: BSE SME
- Retail Quota: Up to 50%
- QIB Quota: Up to 0%
- NII Quota: Up to 50%
- Draft Red Herring Prospectus (DRHP): Click Here
- Red Herring Prospectus (RHP): Click Here
Citichem India IPO Market Lot
The minimum market lot for the Citichem India IPO is 2,000 shares, with an application amount of ₹1,40,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,40,000 |
| Retail Maximum | 1 | 2,000 | ₹1,40,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,80,000 |
Citichem India IPO Dates
The Citichem India IPO will open on December 27, 2024, and close on December 31, 2024. The allotment will be finalized on January 1, 2025, with the IPO listing scheduled for January 3, 2025.
- IPO Open Date: December 27, 2024
- IPO Close Date: December 31, 2024
- Basis of Allotment: January 1, 2025
- Refunds: January 2, 2025
- Credit to Demat Account: January 2, 2025
- IPO Listing Date: January 3, 2025
Promoters of Citichem India IPO
The promoters of Citichem India are:
- Mr. Arif Esmail Merchant
- Mr. Hashim Arif Merchant
- Mrs. Fozia Arif Esmail Merchant
- Mrs. Saima Hashim Merchant
About Citichem India IPO
Citichem India Limited, established in 1992, is engaged in the procurement and supply of organic and inorganic chemicals, bulk drugs, and food chemicals to the pharmaceutical sector. The company also exports specialty chemicals, bulk drugs, and intermediate products directly. In addition to its core offerings, Citichem India sells food preservatives and chemicals under its own brand, ensuring safe delivery and accurate sales records. The company provides a comprehensive range of laboratory chemicals, acting as a full-service provider for research and analytical needs. Citichem India specializes in ordering, sourcing, custom manufacturing, and supplying specialty chemicals, bulk drugs, and APIs, catering to pharmaceutical, paint, and food industries both domestically and internationally.
Citichem India IPO Company Financial Report
For the fiscal year 2024, Citichem India reported a revenue of ₹19.61 crores, a slight decrease from ₹20.94 crores in 2023. The company’s profit increased to ₹1.12 crores in 2024, compared to ₹0.36 crores in 2023.
| Period Ended | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 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 – FY2024
Here are the key financial metrics for Citichem India as of FY2024:
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 15.42% |
| Return on Capital Employed (ROCE) | 21.47% |
| EBITDA Margin | 9.14% |
| Profit After Tax (PAT) Margin | 5.70% |
| Debt to Equity Ratio | 0.15 |
| Earnings Per Share (EPS) | ₹2.24 (Basic) |
| Price/Earnings (P/E) Ratio | 31.30 |
| Return on Net Worth (RoNW) | 15.42% |
| Net Asset Value (NAV) | ₹14.50 |
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW (%) | NAV (₹) | Income (₹ Crores) |
|---|---|---|---|---|---|
| Shankar Lal Rampal DyeChem Ltd | 1.02 | 91.33 | 6.59 | 15.40 | 287.73 |
| Vinyl Chemicals (I) Ltd | 11.91 | 30.31 | 18.71 | 63.66 | 597.01 |
Objects of the Issue
- To fund capital expenditure for the acquisition of property
- To purchase transportation vehicles and accessories
- For general corporate purposes
- To meet the issue expenses
Citichem India IPO Review
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Citichem India IPO Registrar
KFin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: citichemindia.ipo@kfintech.com
- Website: KFin IPO Status
IPO Lead Managers (Merchant Bankers)
- Horizon Management Private Limited
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: Citichem India
FAQs for Citichem India IPO
What is Citichem India IPO?
Citichem India IPO is an SME IPO. The company aims to raise ₹12.60 Crores through the IPO, priced at ₹70 per equity share. The IPO will be listed on BSE.
When will Citichem India IPO open for subscription?
The IPO will open on December 27, 2024, for QIB, NII, and retail investors, and will close on December 31, 2024.
What is Citichem India IPO Investors Portion?
- QIB: 0%
- NII: 50%
- Retail: 50%
How to apply for Citichem India IPO?
You can apply for the Citichem India IPO online via ASBA through your bank account or UPI through your stockbroker. Alternatively, you can apply offline by filling up the form through your stockbroker.
What is the Citichem India IPO issue size?
The issue size of the Citichem India IPO is ₹12.60 crores.
What is the Citichem India IPO price band?
The price band for the Citichem India IPO is ₹70 per equity share.
What is the Citichem India IPO lot size?
The minimum bid is for 2,000 shares, amounting to ₹1,40,000.
What is the Citichem India IPO allotment date?
The allotment date for the Citichem India IPO is January 1, 2025.
What is the Citichem India IPO listing date?
The Citichem India IPO listing date is January 3, 2025, on BSE.
