Citichem India Limited IPO is getting launched on 27 December 2024 and will be open until 31 December 2024. This fixed-price SME IPO is raising ₹12.60 crores from the fresh issue of 18 lakh equity shares.
The allotment date for Citichem India Ltd. IPO will be finalized on Wednesday, 1 January 2025. Citichem India shares will be probably listed on NSE SME on Friday, 3 January 2025.
Citichem India IPO’s price band is set at ₹70 per share with a minimum ipo lot size of 2000 shares per application, which makes the minimum investment of retail investors ₹140000. HNIs have to buy at least two lots and thus their minimum investment would be ₹ 280000.
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Citichem India NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | December 27, 2024 |
| IPO Closing Date | December 31, 2024 |
| Tentative IPO Listing Date | January 3, 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹70 per share |
| Lot Size | 2000 shares |
| Total Issue Size | 1800000 shares (₹12.60 Cr) |
| Fresh Issue | 1800000 shares (₹12.60 Cr) |
| IPO Segment | Fixed Price Issue |
| Listing At | NSE SME |
| Share Holding Pre-Issue | 5000000 shares |
| Share Holding Post-Issue | 6800000 shares |
Citichem India Limited | Company Overview
Citichem India Limited was established in 1992, which engages in purchasing and supplying chemicals, both organic and inorganic, then bulk drugs, and food chemicals. The primary clientele of Citichem is the pharmaceutical industry for these products.
Apart from these chemicals, the firm also offers specialty chemicals, and intermediates, which are used across different industries such as aluminum, textiles, steel, paper, paints, dairy, dyes, making soaps, food, and of course pharmaceutical products.
Here is a list of the products that Citichem deals in –
- Laboratory chemicals
- Food chemicals – Citichem takes care of the repackaging, distribution within the retail network, and marketing of food chemicals.
- Specialty chemicals, Intermediates, and Active Pharmaceutical Ingredients (API)
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Citichem India Limited IPO | Key Details
- Citichem India IPO Opening Date: December 27, 2024,
- Citichem India IPO Closing Date: December 31, 2024,
- Allotment Date: January 1, 2025
- Price Band: ₹70 per share
- Lot Size: 2000 shares
- Refunds Initiated: January 2, 2025
- Shares Credited to Demat: January 2, 2025
- Listing Date: January 3, 2025
Citichem India Ltd: Financial Overview
Citichem India Limited generated a whopping 208% more profit in FY24 even when the revenue dropped by 6.37% during the fiscal.
Here are the details of the financials of the firm
Amounts in ₹ Lakhs
| Financial Information | FY24 | FY23 | Absolute Change | Change (%) |
| Assets | 6,932.79 | 7,972.53 | -1,039.74 | -13.04 |
| Revenue | 1,960.58 | 2,094.07 | -133.49 | -6.37 |
| Profit After Tax | 111.83 | 36.26 | 75.57 | 208.41 |
| Net Worth | 725.11 | 613.27 | 111.84 | 18.24 |
| Reserve & surplus | 225.11 | 113.27 | 111.84 | 98.74 |
| Total Borrowing | 108.21 | 109.65 | -1.44 | -1.31 |
FAQs | Citichem India Ltd IPO
Citichem India Ltd is engaged in manufacturing buying and supplying specialty chemicals, food preservatives, chemicals, and laboratory chemicals.
The tentative IPO listing date of Citichem India has been fixed as Friday, January 3, 2024.
The bidding date for the Citichem India IPO is December 27, 2024, and it will continue until December 31, 2024.
The minimum IPO lot size for Citichem India is 2000 shares. For HNIs, the minimum number of lots to be purchased is 2 lots.
The IPO allotment is expected to be finalized on Wednesday, January 1, 2024.
The IPO face value is set at ₹10 per share.
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