Citichem India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 854,000 (47%) | — | ₹598 Cr |
| Retail | — | 854,000 (47%) | — | ₹598 Cr |
| Market Maker | — | 92,000 (5%) | — | ₹6 Cr |
| Σ Total | — | 1,800,000 (100%) | — | ₹12,600 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹140,000 |
| Retail (Max) | 13 | 26,000 | ₹1,820,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,960,000 |
| B-HNI (Min) | 67 | 134,000 | ₹9,380,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 149 | 1,961 | 2,094 |
| Profit After Tax | 20 | 112 | 36 |
| Net Worth | 745 | 725 | 613 |
| Total Assets | 6,852 | 6,933 | 7,973 |
| Reserves & Surplus | 245 | 225 | 113 |
| Total Borrowing | 108 | 108 | 110 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- For Capital expenditure for acquisition of Property –
- For purchasing of Transportation Vehicles and accessories –
- For General Corporate Purposes –
- For meeting the Issue Expenses. –
Company Overview
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:
- Specialty Chemicals, Intermediates & Active Pharmaceutical Ingredients (API): The company specializes in indenting, sourcing, make-to-order outsourcing, and supplying specialty chemicals, bulk drugs, and APIs to domestic and international clients in the pharmaceutical, paint, and food industries.
- Food Chemicals: The company handles the repackaging, retail distribution, and marketing of food chemicals.
- Laboratory Chemicals: The company offers a one-stop solution for all types of laboratory chemicals.
As of June 30, 2024, The company has 9 employees.
Competitive Strengths:
- Experienced Promoters and management team
- Scalable Business Model
- Focus on quality and innovation
- Location Advantage
- Cordial Relationships with Suppliers &Customers
- Dedicated after-sales network