SME · BSESubscribed: 410.58×GMP ₹15
Citichem India Limited

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

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

Total Issue18,00,000 shares₹12.60 Cr
Fresh Issue18,00,000 shares₹12.60 Cr
Offer for Sale0 shares

Shareholding

Pre-Issue50,00,000
Post-Issue68,00,000

Dilution: 36.0% increase in shares

Citichem India Limited IPO Financials Health

Citichem India Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum120001,40,000
Retail Maximum120001,40,000
HNI Minimum240002,80,000

(All values in CR)

Citichem India Limited IPO Valuation

MetricValue
DEBT/EQUITY0.15
EPS Post IPO1.17
EPS Pre IPO2.24
P/E Post IPO59.65
P/E Pre IPO31.3
PAT MARGIN5.70
ROCE21.47%
ROE15.42%
RONW15.42%

(All values in CR)

Strength & Risk of Citichem India Limited IPO

+Strengths

1. Quality and focus on customer satisfaction.

2. Expertise.

3. Satisfactory track record.

!Risks

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 CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
HNI277.988,54,00023,73,98,0001
Market Maker1.0092,00092,0000.64
Retail543.188,54,00046,38,72,0003
Total410.5817,08,00070,12,70,0004

Citichem India Limited IPO GMP

00.0%

Last updated 24 Dec, 2024 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
24 Dec, 202470₹0--₹70 (0.00%)-24 Dec, 2024
25 Dec, 202470₹0--₹70 (0.00%)-25 Dec, 2024
26 Dec, 202470₹3045600₹100 (42.86%)-26 Dec, 2024
27 Dec, 202470₹3045600₹100 (42.86%)-27 Dec, 2024
30 Dec, 202470₹3045600₹100 (42.86%)-30 Dec, 2024
31 Dec, 202470₹2030400₹90 (28.57%)-31 Dec, 2024
01 Jan, 202570₹2030400₹90 (28.57%)-01 Jan, 2025
02 Jan, 202570₹2030400₹90 (28.57%)-02 Jan, 2025
03 Jan, 202570₹1522800₹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.

How to Apply for Citichem India Limited IPO

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2

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Find Citichem India Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

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4

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5

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