
Citichem India Limited
Citichem India Limited(CITICHEM)
Total Shares
18,00,000
Issue Size
₹12.60 Cr
Price Band
₹70 – ₹70
Lot Size
2000 shares
Min. Investment
₹1,40,000
Max. Investment
₹1,40,000
Open Date
27 Dec, 2024
Close Date
31 Dec, 2024
Allotment
01 Jan, 2025
Listing
03 Jan, 2025
Max. Investment
₹1,40,000
Announced
27 Dec, 2024
Opening Date
27 Dec, 2024
Closing Date
31 Dec, 2024
Basis of Allotment
01 Jan, 2025
Initiation of Refunds
02 Jan, 2025
Credit of Shares
02 Jan, 2025
Listing Date
03 Jan, 2025
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About Citichem India Limited IPO
Incorporated in 1992, Citichem India Limited 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 makin
Citichem India Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 36.0% increase in shares
Citichem India Limited IPO Financials Health
Citichem India Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,40,000 |
| Retail Maximum | 1 | 2000 | ₹1,40,000 |
| HNI Minimum | 2 | 4000 | ₹2,80,000 |
(All values in CR)
Citichem India Limited IPO Valuation
| Metric | Value |
|---|---|
| DEBT/EQUITY | 0.15 |
| EPS Post IPO | 1.17 |
| EPS Pre IPO | 2.24 |
| P/E Post IPO | 59.65 |
| P/E Pre IPO | 31.3 |
| PAT MARGIN | 5.70 |
| ROCE | 21.47% |
| ROE | 15.42% |
| RONW | 15.42% |
(All values in CR)
Strength & Risk of Citichem India Limited IPO
1. Quality and focus on customer satisfaction.
2. Expertise.
3. Satisfactory track record.
1. There are outstanding actions and litigation proceedings against the Company, Promoter and Directors. Any adverse outcome in such proceedings may have an adverse impact on its reputation, business, financial condition, results of operations and cash flows.
2. There have been instances of delays of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC.
3. Majority of its revenues are dependent on few customers and the loss of, or a significant reduction in purchases by such customers could adversely affect its financial performance.
4. The company business involves trading of the hazardous, corrosive and flammable industrial chemicals, which require expert handling and storage, as applicable and which entails significant risks and could also result in enhanced obligations. Any accidents may result in loss of life or property and disrupt its operations which may have an adverse effect on the company results of operation, cash flows and financial condition.
5. The Company does not have any registered Trademarks.
6. The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
7. The Company has not placed orders for transportation vehicles and accessories required by it for which funds are being raised through this Issue. Any delay in placing the orders or supply of these equipment's may result in time and cost overruns and may affect its profitability.
8. The Company's hasn't taken any insurance coverage and the said would not protect it against all material hazards which may result in disruptions of operations/monetary loss on account of stoppage of work.
9. The company does not own its Registered Office and Corporate Office from where the company carry out its business activities. Any dispute in relation to use of the premises would have a material adverse effect on its business and results of operations.
10. An inability to comply with repayment and other covenants in the financing agreements could adversely affect its business, financial condition, and cash flows.
Citichem India Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| HNI | 277.98 | 8,54,000 | 23,73,98,000 | 1 |
| Market Maker | 1.00 | 92,000 | 92,000 | 0.64 |
| Retail | 543.18 | 8,54,000 | 46,38,72,000 | 3 |
| Total | 410.58 | 17,08,000 | 70,12,70,000 | 4 |
Citichem India Limited IPO GMP
Last updated 24 Dec, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 24 Dec, 2024 | 70 | ₹0 | -- | ₹70 (0.00%) | - | 24 Dec, 2024 |
| 25 Dec, 2024 | 70 | ₹0▼ | -- | ₹70 (0.00%) | - | 25 Dec, 2024 |
| 26 Dec, 2024 | 70 | ₹30 | 45600 | ₹100 (42.86%) | - | 26 Dec, 2024 |
| 27 Dec, 2024 | 70 | ₹30 | 45600 | ₹100 (42.86%) | - | 27 Dec, 2024 |
| 30 Dec, 2024 | 70 | ₹30▲ | 45600 | ₹100 (42.86%) | - | 30 Dec, 2024 |
| 31 Dec, 2024 | 70 | ₹20 | 30400 | ₹90 (28.57%) | - | 31 Dec, 2024 |
| 01 Jan, 2025 | 70 | ₹20 | 30400 | ₹90 (28.57%) | - | 01 Jan, 2025 |
| 02 Jan, 2025 | 70 | ₹20▲ | 30400 | ₹90 (28.57%) | - | 02 Jan, 2025 |
| 03 Jan, 2025 | 70 | ₹15 | 22800 | ₹85 (21.43%) | - | 03 Jan, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
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