Citichem India IPO Details
The key details of Citichem India’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹12.60 Cr |
| Price Range | ₹70 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹1,40,000 |
| Pre IPO Promotor Holding | 83.25% |
| Post IPO Promotor Holding | 61.21% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Citichem India IPO Timelines
The IPO process for Citichem India includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
27/12/2024
Start Date31/12/2024
End Date02/01/2025
Refund Initiation02/01/2025
Credit of Shares to Demat Ac03/01/2025
Listing DateCitichem India IPO Lot Size
The Citichem India IPO has a fixed lot size of 2,000 shares, at an upper price band of ₹70 per share, requiring ₹140,000 per lot for retail investors. For HNI investors, the minimum application is 4,000 shares (2 lots) amounting to ₹280,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,40,000 |
| Retail Maximum | 1 | 2000 | ₹1,40,000 |
| HNI Minimum | 2 | 4000 | ₹2,80,000 |
Citichem India IPO Subscription Status
The subscription status for Citichem India IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 277.88x | 543.18x | -- | 414.35x |
IPO Performance on Listing Day
On the listing day (January 3, 2025), Citichem India made a flat debut on the stock exchange. The stock opened at ₹70, at par with its issue price. During the trading session, the stock faced some selling pressure, dropping to a low of ₹66.50 while unable to trade above its opening price. The shares closed their first trading day at ₹68.28, recording a slight decline of 2.5% from the issue price, suggesting a cautious market response to this chemical sector entrant.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹70 | ₹68.28 | ₹70 | ₹66.50 |
Citichem India IPO Company Financials
Citichem India reports robust performance in FY2024 with Total Income of ₹19.61 crores, managing expenses at ₹17.96 crores, and achieving a strong PAT (Profit After Tax) of ₹1.12 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹85.28 | ₹84.96 | ₹0.24 |
| FY 2023 | ₹20.94 | ₹20.43 | ₹0.36 |
| FY 2024 | ₹19.61 | ₹17.96 | ₹1.12 |
| FY 2025 (3 M) | ₹1.49 | ₹1.21 | ₹0.20 |
About Company
Citichem India Limited, incorporated in 1992, is primarily involved in the procurement, supply, and trade of organic and inorganic chemicals, bulk drugs, and food chemicals to the pharmaceutical industry. The company also deals in specialty chemicals and intermediates that serve a diverse range of industries, including aluminum, steel, textiles, paper, dairy, paints, dyes, soap making, pharmaceuticals, food, and adhesives. Citichem India Limited also supplies food preservatives and chemicals under its brand name, ensuring their safe delivery through a dedicated distribution team.
The company’s operations are divided into three key business divisions: Specialty Chemicals, Intermediates & Active Pharmaceutical Ingredients (API), Food Chemicals, and Laboratory Chemicals. It specializes in sourcing and supplying specialty chemicals, bulk drugs, and APIs, both domestically and internationally, particularly for the pharmaceutical, food, and paint industries. Citichem India Limited is also involved in the repackaging, retail distribution, and marketing of food chemicals. With a small team of nine employees as of June 30, 2024, the company continues to grow its presence in these critical sectors. The dates for its upcoming IPO are yet to be announced.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1992 | Chemicals | Arif Merchant |
Know Before Investing
Citichem India IPO Strengths
- Citichem India’s promoters bring over 25 years of experience in sourcing and supplying chemicals, enabling them to identify growth opportunities.
- The company ensures the delivery of quality-certified products from trusted suppliers.
- The company benefits from a strategic location that enhances its supply chain and distribution capabilities.
- The company has a dedicated after-sales network, ensuring continued support and customer satisfaction.
Citichem India IPO Risks
- Citichem Limited’s revenue relies heavily on a few customers, and losing them could negatively impact its financial performance.
- The company trades hazardous chemicals, posing risks that could lead to accidents, property damage, and disruptions, affecting its operations and financial condition.
Swot Analysis for Citichem India IPO
Strengths
Established Distributor, Experienced Management, Strong Customer Relationships, Strategic Location
Weaknesses
Market Dependence, Limited Brand Recognition, Operational Risks
Opportunities
Growing Chemical Demand, Market Expansion Potential, Technological Advancements
Threats
Intense Competition, Economic Volatility, Regulatory Compliance Risks
Company Details
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/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: citichemindia.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Citichem India IPO are:
- For acquiring property.
- For purchasing transportation vehicles and accessories.
- For general corporate purposes.
- For covering issue expenses.
Horizon Management Private Limited is the book-running lead managers for the Citichem India IPO.