Citichem India Limited is buying and supplying organic and inorganic chemicals, bulk drugs, and food chemicals to 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.
Citichem India IPO – Details
| IPO Opening Date | 27 December 2024 |
| IPO Closing Date | 31 December 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 18,00,000 Shares Worth ₹12.60 Crore Fresh Issue: 18,00,000 Shares Worth ₹12.60 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Kfin Technologies Limited |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Citichem India IPO – Date Schedule
| IPO Open Date | 27 December 2024 |
| IPO Close Date | 31 December 2024 |
| Basis of Allotment | 01 January 2024 |
| Initiation of Refund | 02 January 2024 |
| Credit of Shares to Demat Account | 02 January 2024 |
| IPO Listing Date | 03 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 31, 2024 |
Citichem India IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| HNI (Min) | 2 | 4000 | ₹2,80,000 |
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.
Company Promoters
- Mr. Arif Esmail Merchant
- Mr. Hashim Arif Merchant
- Mrs. Fozia Arif Esmail Merchant
- Mrs. Saima Hashim Merhant
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 85.28 | 84.95 | 0.23 | 1.10 |
| 31 March 2023 | 20.94 | 20.43 | 0.36 | 1.09 |
| 31 March 2024 | 19.60 | 17.96 | 1.11 | 1.08 |
| 03 June 2024 | 1.49 | 1.21 | 0.19 | 1.08 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 15.42% |
| ROCE | 21.47% |
| Debt/Equity | 0.15 |
| RoNW | 15.42% |
| PAT Margin | 5.70 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.24 | 1.17 |
| P/E (x) | 31.3 | 59.65 |
Object Of The Issue
- For Capital expenditure for acquisition of Property.
- For purchasing of Transportation Vehicles and accessories.
- For General Corporate Purposes.
- For meeting the Issue Expenses.
Citichem India IPO Promoter Holding
| Pre Issue Share Holding | 83.25% |
| Post Issue Share Holding | 61.21% |
Citichem India IPO Prospectus
Company Contact Information
| 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: https://www.citichemindia.com/ |
Citichem India IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: citichemindia.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Citichem India IPO Lead Manager(s)
| 1. Horizon Management Private Limited |
Citichem India IPO FAQs
| What is Citichem India IPO? Citichem India IPO is a SME IPO. The issue is priced at ₹70 per equity share. The IPO is to be listed on BSE SME. |
| When Citichem India IPO will open? The IPO is to open on 27 December 2024 for QIB, NII, and Retail Investors. |
| What is Citichem India IPO Investors Portion? The investors’ portion for NII – 50%, and Retail – 50%. |
| How to Apply the Citichem India IPO? You can apply Citichem India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Citichem India IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Citichem India IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Citichem India IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Citichem India IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Citichem India IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Citichem India IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Citichem India IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Citichem India IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Citichem India IPO Size? Citichem India IPO size is ₹12.60 Crore. |
| What is the Citichem India IPO Price Band? Citichem India IPO Price Band is ₹70. |
| What is Citichem India IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹1,40,000 amount while the maximum bid is 2000 Shares with ₹1,40,000. |
| What is the Citichem India IPO Allotment Date? Citichem India IPO allotment date is 01 January 2024. |
| What is the Citichem India IPO Listing Date? Citichem India IPO listing date is 03 January 2024. The IPO is to be listed on BSE SME. |
