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Open
27 Dec 2024
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Close
31 Dec 2024
3
Allotment
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Listing
Fri, Jan 3, 2025
Price Band
₹70 per share
Issue Size
18,00,000 shares (agg. up to ₹13 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Jan 3, 2025
Latest GMP
₹15
Est. Gain
21.43%
✦ AI Insight
GMP Trend
03-01-2025₹15Est. ₹85+21.43%
02-01-2025₹15Est. ₹85+21.43%
01-01-2025₹20Est. ₹90+28.57%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 415.75x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shiv Texchem Ltd. | SME | ₹101.35 Cr | ₹166 | 8.02 | ₹250.95 | +51.17% | ₹125.70 (+3.58%) |
| Dhariwalcorp Ltd. | SME | ₹25.15 Cr | ₹106 | 15.48 | ₹142.50 | +34.43% | ₹36.25 (+14.35%) |
Objects of the Issue
| # | 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 |
About Citichem India IPO
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
Contact Details
Citichem India Ltd. Address7, Floor-1, Plot-96Dharam Jyoti, Kazi Sayed Street, Khand BazarMasjid Station, MandviMumbai, Maharashtra, 400003+91- 9223278100cs@citichemindia.comVisit Website