Citichem India Limited
Fixed Price IPO · BSE
- Price band
- ₹70 - ₹70
- Lot size
- 2,000 shares
- Issue amount
- ₹12.6 cr
- Total subscription
- 410.58×
- Opens
- 27 Dec 2024
- Closes
- 31 Dec 2024
- Allotment
- 1 Jan 2025
- Listing
- 3 Jan 2025
Offer at a glance
Issue overview
- Issue size
- 18,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,40,000
- Fresh issue
- ₹12.6 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,40,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 50,00,000
- Shares after issue
- 68,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 2,000 | ₹1,40,000 |
| HNI | 2 | 4,000 | ₹2,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 5.98 | 62.55 |
Financial performance
Company financials
In Lakhs. · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 0.41 | 2.24 | 0.81 |
| ROE | 2.68 | 21.47 | 7.89 |
| ROCE | 3.3 | 21.47 | 7.89 |
| RONW | 2.68 | 15.42 | 5.91 |
| PRE IPO (PE) | 0 | 31.3 | 0 |
| POST IPO (PE) | 59.65 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 1992, Citichem India Limited supplies organic and inorganic chemicals, bulk drugs, and food chemicals, primarily serving the pharmaceutical industry. The company specializes in specialty chemicals, bulk drugs, and intermediates, catering to sectors such as aluminum, steel, textiles, paper, dairy, paints, dyes, soap, food, and adhesives. It also offers food preservatives and chemicals under its brand, ensuring safe and efficient bulk supply. Its product portfolio includes Caustic Soda Flakes, Caustic Soda Lye, Citric Acid Monohydrate, and Hydrogen Peroxide. As of June 30, 2024, the company employs 9 people.
Strengths
- Experienced Promoters and Management Team: Leadership with decades of industry experience ensures strategic growth and strong business relationships.
- Scalable Business Model: Diversified product range across multiple industries enables scalability and adaptability.
- Focus on Quality and Innovation: Commitment to high-quality products and innovation drives customer satisfaction and long-term success.
Risk factors
- Outstanding Legal Proceedings: Ongoing cases against the company, promoters, and directors may harm reputation, operations, and financial stability.
- Regulatory Non-compliance: Delayed filings under the Companies Act, 2013, could lead to penalties or scrutiny.
- Customer Concentration: Heavy reliance on a few key customers increases vulnerability to revenue loss if any reduce or stop purchases.
Promoters
Mr. Arif Esmail Merchant
Mr. Hashim Arif Merchant
Mrs. Fozia Arif Esmail Merchant
Mrs. Saima Hashim Merhant
Registrar & documents
Lead manager
Horizon Management Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
7, Floor-1, Plot-96, Dharam Jyoti, Kazi Sayed Street, Khand Bazar, Masjid Station, Mandvi, Mumbai 400003
+91- 9223278100
[email protected]Company website ↗Understanding CITICHEM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.