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Citichem IPO

  • Status: Preopen
  • RHP:
  • ₹ 140,000 / 2000 shares

    Minimum Investment

IPO Details

  • Open Date

    27 Dec 2024

  • Close Date

    31 Dec 2024

  • IPO Price Range

    ₹ 70

  • IPO Size

    ₹ 12.60 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    03 Jan 2025

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Last Updated: 24 December 2024 4:44 PM by 5Paisa

Citichem India IPO is set to open on 27 December 2024 and will close on 31 December 2024. Citichem India supplies specialty chemicals, bulk drugs, APIs, and food chemicals to industries like pharmaceuticals, paints, and food. 

The IPO is an entirely fresh issue consisting of 0.18 Cr shares aggregating to ₹12.60 Cr. The price range is set at ₹70 per share and the lot size is 2,000 shares. 

The allotment is scheduled to be finalised on 1 January 2025. It will go public on BSE SME, with a tentative listing date of 3 January 2025.

Horizon Management Pvt. Ltd. is the book running lead manager, while Kfin Technologies Ltd is the registrar. 
 

Citichem IPO Size

Types Size
Total IPO Size ₹12.60 Cr.
Offer For Sale -
Fresh Issue ₹12.60 Cr.

 

Citichem IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 140,000
Retail (Max) 1 2000 140,000
HNI (Min) 2 4000 280,000

 

1. For Capital expenditure for acquisition of Property
2. For purchasing of Transportation Vehicles and accessories
3. For General Corporate Purposes
4. For meeting the Issue Expenses.
 

Citichem India Limited supplies specialty chemicals, bulk drugs, APIs, and food chemicals to industries like pharmaceuticals, paints, and food. It trades products like caustic soda, citric acid, and hydrogen peroxide. With experienced promoters, scalable operations, and a strong focus on quality, the company leverages its diverse product portfolio and robust distribution network to drive growth.

Established in: 1992
Managing Director: Mr. Arif Esmail Merchant

Peers

Shankar Lal Rampal Dye-Chem Ltd
Vinyl Chemicals (I) Ltd
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 85.28 20.94 19.61
EBITDA 0.45 0.58 1.79
PAT 0.24 0.36 1.12
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 91.43 79.73 69.33
Share Capital 5.00 5.00 5.00
Total Borrowings 1.11 1.10 1.08
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities -5.97 0.28 0.55
Net Cash Generated From / (used in) investing activities -0.01 -0.04 -
Net Cash Generated From / (used in) financing activities 5.95 -0.07 -0.15
Net Increase (Decrease) In Cash And Cash Equivalents -0.03 0.17 0.41


Strengths

1. Experienced leadership team with in-depth industry expertise.
2. Diverse product portfolio catering to multiple industries.
3. Strong distribution network ensuring timely delivery.
4. Focus on quality and innovation in product offerings.
5. Established relationships with reliable suppliers and loyal customers.

Risks

1. Limited workforce with only 9 employees as of June 2024.
2. Dependency on third-party suppliers for raw materials.
3. Exposure to industry-specific regulatory challenges.
4. Vulnerability to market fluctuations in chemical pricing.
5. Limited presence in international markets compared to competitors.
 

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FAQs

Citichem IPO opens from 27 December to 31 December 2024.

The size of Citichem IPO is ₹12.60 Cr.

The price of Citichem IPO is fixed at ₹70 per share. 

To apply for Citichem IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Citichem India  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Citichem IPO is 2,000 shares and the investment required is ₹140,000.
 

The share allotment date of Citichem IPO is 1 January 2025.

The Citichem IPO will be listed on 3 January 2025.

Horizon Management Pvt. Ltd. is the book running lead manager for Citichem IPO.
 

Citichem India plans to utilise the raised capital from the IPO for:

1. For Capital expenditure for acquisition of Property
2. For purchasing of Transportation Vehicles and accessories
3. For General Corporate Purposes
4. For meeting the Issue Expenses.