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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹12.60 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹12.60 Cr |
| Fresh Issue | ₹11.96 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹70.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544324 |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Horizon Management Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
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:
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 |
| 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 | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 15.42% |
| ROCE | 21.47% |
| Debt / Equity | 0.15% |
| RoNW | 15.42% |
| PAT Margin | 5.70% |
| Metric | 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. | |
