Comparison between Citichem India IPO and Technichem Organics IPO.
Citichem India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Technichem Organics IPO is a SME Bookbuilding proposed to list at BSE SME.
| Citichem India IPO | Technichem Organics IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Horizon Management Pvt.Ltd. | Shreni Shares Ltd. |
| Registrar | Kfin Technologies Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Aftertrade Broking Pvt.Ltd. | Shreni Shares Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Citichem India IPO is up to ₹11.96 Cr whereas the issue size of the Technichem Organics IPO is up to ₹23.86 Cr. The final issue price of Citichem India IPO is ₹70.00 per share and of Technichem Organics IPO is ₹55.00 per share.
| Citichem India IPO | Technichem Organics IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹52.00 per share | |
| Issue Price (Upper) | ₹55.00 per share | |
| Issue Price (Final) | ₹70.00 per share | ₹55.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 17,08,000 shares | 43,38,000 shares |
| Fresh Issue Size (Amount) | up to ₹11.96 Cr | up to ₹23.86 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 17,08,000 shares | 43,38,000 shares |
| Issue Size Total (Amount) | up to ₹11.96 Cr | up to ₹23.86 Cr |
Citichem India IPO opens on Dec 27, 2024, while Technichem Organics IPO opens on Dec 31, 2024. The closing date of Citichem India IPO and Technichem Organics IPO is Dec 31, 2024, and Jan 02, 2025, respectively.
| Citichem India IPO | Technichem Organics IPO | |
|---|---|---|
| Anchor Bid Date | Dec 30, 2024 | |
| Issue Open | Dec 27, 2024 | Dec 31, 2024 |
| Issue Close | Dec 31, 2024 | Jan 02, 2025 |
| Basis Of Allotment (Tentative) | Jan 01, 2025 | Jan 03, 2025 |
| Initiation of Refunds (Tentative) | Jan 02, 2025 | Jan 06, 2025 |
| Credit of Share (Tentative) | Jan 02, 2025 | Jan 06, 2025 |
| Listing date (Tentative) | Jan 03, 2025 | Jan 07, 2025 |
| Anchor Lockin End date 1 | Feb 02, 2025 | |
| Anchor Lockin End date 2 | Apr 03, 2025 |
Citichem India IPO P/E ratio is 31.3, as compared to Technichem Organics IPO P/E ratio of 14.81.
| Citichem India IPO | Technichem Organics IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Citichem India Limited Financial Information (Restated)Citichem India Limited's revenue decreased by -6% and profit after tax (PAT) rose by 208% between the financial year ending with March 31, 2024 and March 31, 2023.
| Technichem Organics Limited Financial Information (Restated)Technichem Organics Limited's revenue decreased by -8% and profit after tax (PAT) rose by 173% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 83.25 | 97.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 61.21 | 71.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 31.3 | 14.81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹47.60 Cr. | ₹95.27 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 15.42% | 27.39% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 21.47% | 22.57% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.15 | 0.90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.24 | ₹3.71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.42% | 24.09% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Citichem India IPO Retail Individual Investors (RII) are offered 8,54,000 shares while in Technichem Organics IPO retail investors are offered 8,54,000 shares. Qualified Institutional Buyers (QIB) are offered in Citichem India IPO and 8,68,000 shares in Technichem Organics IPO.
| Citichem India IPO | Technichem Organics IPO | |
|---|---|---|
| Anchor Investor Reserveration | 12,98,000 shares | |
| Market Maker Reserveration | 92,000 shares | 2,52,000 shares |
| QIB | 8,68,000 shares | |
| NII | 8,54,000 shares | 6,52,000 shares |
| RII | 8,54,000 shares | 15,20,000 shares |
| Employee | ||
| Others | ||
| Total | 17,08,000 shares | 43,38,000 shares |
Citichem India IPO subscribed 414.35x in total, whereas Technichem Organics IPO subscribed 425.09x.
| Citichem India IPO | Technichem Organics IPO | |
|---|---|---|
| QIB (times) | 101.49x | |
| NII (times) | 277.88x | 1,078.90x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 543.18x | 329.43x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 414.35x | 425.09x |
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