Fixed Price IPO | ₹13 Cr | Listed at BSE SME | Fri, Dec 27, 2024 - Tue, Dec 31, 2024
Citichem India IPO is a fixed price issue of ₹12.60 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹12.60 crore.
Citichem India IPO bidding started from Dec 27, 2024 and ended on Dec 31, 2024. The allotment for Citichem India IPO was finalized on Jan 1, 2025. The shares got listed on BSE SME on Jan 3, 2025.
Citichem India IPO price is ₹70 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Horizon Management Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to Citichem India IPO RHP for detailed Information.
IPO Open
Fri, Dec 27, 2024
IPO Close
Tue, Dec 31, 2024
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹47.60 Cr
| IPO Date | 27 to 31 Dec, 2024 |
| Listed on | Fri, Jan 3, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,00,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 92,000 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹0.6440 Cr) |
| Fresh Issue (Ex Market Maker) | 17,08,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 17,08,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,00,000 shares |
| BSE Script Code | 544324 |
| ISIN | INE0A8401016 |
Citichem India IPO comprises a total issue size of 18,00,000 shares. The net offer to the public is 17,08,000 shares, after excluding 92,000 shares allotted on a firm basis. Of the Net offer 8,54,000 (50.00%) allocated to NII 8,54,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,54,000 | 50.00% | 47.44% |
| Retail Shares Offered | 8,54,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 92,000 | 5.11% | |
| Total Shares Offered | 18,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Incorporated in 1992, Citichem India Limited is engaged in buying and supplying organic and inorganic chemicals, bulk drugs, and food chemicals to the the pharmaceutical industry.
The company focuses on the direct supply of specialty chemicals, bulk drugs, and intermediate products.
It trades in specialty chemicals and intermediates that have a wide range of applications across industries such as aluminum, steel, textiles, paper, dairy, paints, dyes and intermediates, soap making, pharmaceuticals, food, and adhesives.
The company also supplies food preservatives and chemicals under its brand name, which are then sold through its distribution team, ensuring the safe delivery of bulk supplies.
The company supplies products such as Caustic Soda Flakes, Caustic Soda Lye, Citric Acid Monohydrate, Hydrogen Peroxide, and more.
Business division:
As of June 30, 2024, The company has 9 employees.
Competitive Strengths:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 68.52 | 69.33 | 79.73 | 91.43 |
| Total Income | 1.49 | 19.61 | 20.94 | 85.28 |
| Profit After Tax | 0.20 | 1.12 | 0.36 | 0.24 |
| NET Worth | 7.45 | 7.25 | 6.13 | 5.77 |
| Reserves and Surplus | 2.45 | 2.25 | 1.13 | 0.77 |
| Total Borrowing | 1.08 | 1.08 | 1.10 | 1.11 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | For Capital expenditure for acquisition of Property; | 3.60 |
| 2 | For purchasing of Transportation Vehicles and accessories; | 4.69 |
| 3 | For General Corporate Purposes; | 2.80 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 15.42% |
| ROCE | 21.47% |
| Debt/Equity | 0.15 |
| RoNW | 15.42% |
| PAT Margin | 5.70% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.24 | 1.17 |
| P/E (x) | 31.3 | 59.65 |
| Promoter Holding | 83.25% | 61.21% |
| Market Cap | ₹47.60 Cr. |
The Citichem India IPO is subscribed 414.35 times on December 31, 2024 6:19:08 PM (Day 3). The public issue subscribed 543.18 times in the retail category, [.] times in the QIB category, and 277.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 277.88 | 8,54,000 | 23,73,06,000 | 23,162 |
| Retail | 543.18 | 8,54,000 | 46,38,72,000 | 2,31,936 |
| Total | 414.35 | 17,08,001 | 70,77,06,000 | 3,06,306 |
Total Application : 3,06,306
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees, underwriting fees, selling fees and payment to other intermediaries such as Legal Advisors, Advisor to the company, Registrar to the Issue and other out of pocket expenses | 1.28 |
| 2 | Fees payable to advertising and marketing expense | 0.09 |
| 3 | Fees Payable to regulators including stock exchange | 0.04 |
| 4 | Printing and stationery expenses | 0.01 |
| 5 | Brokerage and Selling Commission | 0.09 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹70.00 |
| Low | ₹66.50 |
| High | ₹70.00 |
| Last Trade | ₹68.28 |
Lead Manager Reports
Citichem India IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Dec 27, 2024, and closes on Tue, Dec 31, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Citichem India IPO using UPI as a payment gateway. Zerodha customers can apply in Citichem India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Citichem India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Citichem India IPO opens on Fri, Dec 27, 2024 and closes on Tue, Dec 31, 2024.
Citichem India IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Citichem India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Citichem India IPO will be done on Wednesday, January 1, 2025, and the allotted shares will be credited to your demat account by Thu, Jan 2, 2025. Check the Citichem India IPO allotment status.
The Citichem India IPO listing date is on Fri, Jan 3, 2025.
