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Citichem India IPO vs Parmeshwar Metal IPO

Comparison between Citichem India IPO and Parmeshwar Metal IPO.

IPO Details

Citichem India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Parmeshwar Metal IPO is a SME Bookbuilding proposed to list at BSE SME.

 Citichem India IPOParmeshwar Metal IPO
LogoCitichem India IPO LogoParmeshwar Metal IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersHorizon Management Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Market MakerAftertrade Broking Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Citichem India IPO is up to ₹11.96 Cr whereas the issue size of the Parmeshwar Metal IPO is up to ₹23.49 Cr. The final issue price of Citichem India IPO is ₹70.00 per share and of Parmeshwar Metal IPO is ₹61.00 per share.

 Citichem India IPOParmeshwar Metal IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹57.00 per share
Issue Price (Upper)₹61.00 per share
Issue Price (Final)₹70.00 per share₹61.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size17,08,000 shares38,50,000 shares
Fresh Issue Size (Amount)up to ₹11.96 Crup to ₹23.49 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total17,08,000 shares38,50,000 shares
Issue Size Total (Amount)up to ₹11.96 Crup to ₹23.49 Cr

IPO Timetable

Citichem India IPO opens on Dec 27, 2024, while Parmeshwar Metal IPO opens on Jan 02, 2025. The closing date of Citichem India IPO and Parmeshwar Metal IPO is Dec 31, 2024, and Jan 06, 2025, respectively.

 Citichem India IPOParmeshwar Metal IPO
Anchor Bid DateJan 01, 2025
Issue OpenDec 27, 2024Jan 02, 2025
Issue CloseDec 31, 2024Jan 06, 2025
Basis Of Allotment (Tentative)Jan 01, 2025Jan 07, 2025
Initiation of Refunds (Tentative)Jan 02, 2025Jan 08, 2025
Credit of Share (Tentative)Jan 02, 2025Jan 08, 2025
Listing date (Tentative)Jan 03, 2025Jan 09, 2025
Anchor Lockin End date 1Feb 05, 2025
Anchor Lockin End date 2Apr 06, 2025

Financials & KPIs

Citichem India IPO P/E ratio is 31.3, as compared to Parmeshwar Metal IPO P/E ratio of 9.51.

 Citichem India IPOParmeshwar Metal IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets68.5269.3379.7391.43
Total Income1.4919.6120.9485.28
Profit After Tax0.201.120.360.24
NET Worth7.457.256.135.77
Reserves and Surplus2.452.251.130.77
Total Borrowing1.081.081.101.11
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Oct 202431 Mar 202431 Mar 202331 Mar 2022
Assets67.3370.1054.1241.13
Total Income757.311,102.46972.71902.27
Profit After Tax5.707.228.906.85
NET Worth42.9137.2129.9921.09
Reserves and Surplus31.6629.7122.4913.59
Total Borrowing14.6921.8916.6013.84
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.2596.33
Promoter Shareholding (Post-Issue)61.2170.81
P/E Ratio31.39.51
Market Cap₹47.60 Cr.₹93.37 Cr.
ROE15.4221.49
ROCE21.4717.51
Debt/Equity0.150.59
EPS₹2.24₹6.42
RoNW15.4219.40

Shares Offered

In the Citichem India IPO Retail Individual Investors (RII) are offered 8,54,000 shares while in Parmeshwar Metal IPO retail investors are offered 8,54,000 shares. Qualified Institutional Buyers (QIB) are offered in Citichem India IPO and 7,70,000 shares in Parmeshwar Metal IPO.

 Citichem India IPOParmeshwar Metal IPO
Anchor Investor Reservation11,54,000 shares
Market Maker Reservation92,000 shares2,06,000 shares
QIB7,70,000 shares
NII8,54,000 shares5,78,000 shares
RII8,54,000 shares13,48,000 shares
Employee0 shares
Others
Total17,08,000 shares38,50,000 shares

Bids Received (Subscription)

Citichem India IPO subscribed 410.53x in total, whereas Parmeshwar Metal IPO subscribed 425.10x.

 Citichem India IPOParmeshwar Metal IPO
QIB (times)177.32x
NII (times)277.88x1,202.83x
Big NII (times)
Small NII (times)
RII (times)543.18x597.09x
Employee (times)
Other (times)
Total (times)410.53x425.10x

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Compare:

Citichem India IPO Vs Parmeshwar Metal IPO