Citichem India IPO
- IPO Date27 Dec, 2024 to 31 Dec, 2024
- Listing Date03 Jan, 2025
- Face Value₹10 per share
- Issue Price-
- Lot Size2000 Shares
- Minimum Investment₹0
- Listing AtBSE SME
- Total Issue Size18,00,000 Shares
- Fresh Issue18,00,000 Shares
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue50,00,000
- Shareholding post issue68,00,000
IPO Dates
Closing Date
31 Dec, 2024
Initiation of Refunds
02 Jan, 2025
Listing Date
03 Jan, 2025
27 Dec, 2024
Opening Date
01 Jan, 2025
Basis of Allotment
02 Jan, 2025
Credit of Shares
Citichem India Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 4000 | ₹2,80,000 |
Citichem India Promoter Holding
Mr. Arif Esmail Merchant, Mr. Hashim Arif Merchant, Mrs. Fozia Arif Esmail Merchant and Mrs. Saima Hashim Merhant are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 83.25% | 61.21% |
Citichem India COMPANY INFORMATION
Citichem India IPO is a fixed price issue of Rs 12.60 crores. The issue is entirely a fresh issue of 18.00 lakh shares. Citichem India IPO opens for subscription on December 27, 2024 and closes on December 31, 2024. The allotment for the Citichem India IPO is expected to be finalized on Wednesday, January 1, 2025. Citichem India IPO will list on BSE SME with tentative listing date fixed as Friday, January 3, 2025. Citichem India IPO price is ₹ 70 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,40,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,80,000. Horizon Management Private Limited is the book running lead manager of the Citichem India IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Citichem India IPO is Aftertrade Broking Pvt Ltd. Refer to Citichem India IPO RHP for detailed information.
Incorporated in 1992, Citichem India is engaged in buying and supplying organic and inorganic chemicals, bulk drugs, and food chemicals to the the pharmaceutical industry.
The company focuses on the direct supply of specialty chemicals, bulk drugs, and intermediate products.
It trades in specialty chemicals and intermediates that have a wide range of applications across industries such as aluminum, steel, textiles, paper, dairy, paints, dyes and intermediates, soap making, pharmaceuticals, food, and adhesives.
The company also supplies food preservatives and chemicals under its brand name, which are then sold through its distribution team, ensuring the safe delivery of bulk supplies.
The company supplies products such as Caustic Soda Flakes, Caustic Soda Lye, Citric Acid Monohydrate, Hydrogen Peroxide, and more.
Business division:
- Specialty Chemicals, Intermediates & Active Pharmaceutical Ingredients (API): The company specializes in indenting, sourcing, make-to-order outsourcing, and supplying specialty chemicals, bulk drugs, and APIs to domestic and international clients in the pharmaceutical, paint, and food industries.
- Food Chemicals: The company handles the repackaging, retail distribution, and marketing of food chemicals.
- Laboratory Chemicals: The company offers a one-stop solution for all types of laboratory chemicals.
As of June 30, 2024, The company has 9 employees.
Competitive Strengths:
- Experienced Promoters and management team
- Scalable Business Model
- Focus on quality and innovation
- Location Advantage
- Cordial Relationships with Suppliers &Customers
- Dedicated after-sales network
FAQs About Citichem India Ipo
Citichem India IPO will open on 27 Dec, 2024 and close on 31 Dec, 2024. Investors must apply within this period to participate.
The Citichem India IPO price band is set between ₹70.00 and ₹0.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹0.00.
The Citichem India IPO shares are expected to be listed on 03 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Citichem India IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Citichem India IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.