Citichem India IPO description – Citichem India specializes in sourcing and supplying a diverse range of organic and inorganic chemicals, bulk drugs, and food-grade chemicals to the pharmaceutical sector. Their specialty chemicals and intermediates serve a broad spectrum of industries, including aluminum, steel, textiles, paper, dairy, paints, dyes, soap manufacturing, pharmaceuticals, food, and adhesives. Additionally, the company markets food preservatives and chemicals under its proprietary brand, which the distribution team manages, ensuring bulk orders are safely delivered and efficiently recorded in the company’s sales books.
Citichem India operates across three key segments of the chemical industry:
- Specialty Chemicals, Intermediates & API: The company excels in indenting, sourcing, custom manufacturing, and supplying specialty chemicals, bulk drugs, and APIs. These products cater to domestic and international pharmaceutical, paint, and food clients.
- Food Chemicals: Citichem focuses on repackaging, retail distribution, and marketing food-grade chemicals, ensuring quality and compliance with industry standards.
- Laboratory Chemicals: The company is a one-stop solution for all laboratory chemicals, providing comprehensive support for research and analytical needs.
As of 30 June 2024, the company has 9 full-time employees.
Promoter of Citichem India – Mr. Arif Esmail Merchant, Mr. Hashim Arif Merchant, Mrs. Fozia Arif Esmail Merchant, and Mrs. Saima Hashim Merchant
Table of Contents
Citichem India IPO Details
| Citichem India Issue Dates | 27 – 31 December 2024 |
| Citichem India Issue Price | INR 70 per share |
| Fresh issue | 18,00,000 shares (INR 12.60 crore) |
| Offer For Sale | NIL |
| Total IPO size | 18,00,000 shares (INR 12.60 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,40,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Citichem India Financial Performance
| FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 | |
| Revenue | 85.22 | 20.94 | 19.61 | 1.10 |
| Expenses | 84.96 | 20.43 | 17.96 | 1.21 |
| Net income | 0.24 | 0.36 | 1.12 | 0.20 |
Citichem India Offer News
- Citichem India RHP
- Citichem India Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Citichem India Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.15 | 0.81 | 2.24 |
| PE ratio | – | – | 31.25 |
| RONW (%) | 4.15 | 5.91 | 15.42 |
| NAV | 11.54 | 12.27 | 14.50 |
| ROCE (%) | 5.97 | 7.89 | 21.47 |
| EBITDA (%) | 0.52 | 2.79 | 9.14 |
| Debt/Equity | 0.19 | 0.18 | 0.15 |
Citichem India IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 2 January 2025 | 22 | – | 36,000 |
| 1 January 2025 | 22 | – | 36,000 |
| 31 December 2024 | 22 | – | 36,000 |
| 30 December 2024 | 30 | – | 45,000 |
| 28 December 2024 | 30 | – | 45,000 |
| 27 December 2024 | 30 | – | 45,000 |
| 26 December 2024 | 30 | – | 45,000 |
Citichem India IPO Dates & Listing Performance
| IPO Opening Date | 27 December 2024 |
| IPO Closing Date | 31 December 2024 |
| Finalization of Basis of Allotment | 1 January 2025 |
| Initiation of refunds | 2 January 2025 |
| Transfer of shares to demat accounts | 2 January 2025 |
| IPO Listing Date | 3 January 2025 |
| Opening Price on BSE SME | INR 70 per share (No change) |
| Closing Price on BSE SME | INR 68.2 per share (down 2.57%) |
Citichem India Offer Lead Manager
HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91-33 4600 0607
Email: [email protected]
Website: : www.horizonmanagement.in
Citichem India Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium, Tower-B, Plot 31& 32,
Gachibowli Financial District Nanakramguda,
Hyderabad – 500032, Telangana, India
Telephone: +91-40-6716-2222
Email: [email protected]
Website: www.kfintech.com
Citichem India Issue Contact Details
Citichem India LIMITED
7, Floor 1, Plot No 96, Dhram Jyoti, Kazi Sayed Street,
Khand Bazar, Masjid Station, Mandvi,
Mumbai – 400003, Maharashtra
Phone: +91-7506196222 /+919223432143
E-mail: [email protected] / [email protected]
Website: www.citichemindia.com
IPO FAQs
What is Citichem India offer size?
Citichem India offer size is INR 12.60 crore.
What is Citichem India offer price band?
Citichem India public offer price is INR 70 per share.
What is the lot size of Citichem India IPO?
Citichem India offer lot size is 2,000 shares.
What is Citichem India IPO GMP today?
Citichem India IPO GMP today is INR 22 per share.
What is Citichem India kostak rate today?
Citichem India kostak rate today is INR NA per application.
What is Citichem India Subject to Sauda rate today?
Citichem India’s Subject to Sauda rate today is INR 36,000 per application.