Citichem India Ltd
CITICHEM INDIA LIMITED is involved in the procurement and supply of organic and inorganic chemicals, bulk drugs, and food chemicals, primarily serving the pharmaceutical sector. Its product range also supports industries such as aluminium, steel, textiles, paper, dairy, paints, dyes, soap, food, and adhesives. Operating from a leased office in Mumbai, the company trades in specialty chemicals and intermediates, and markets food preservatives under its own brand. Distribution is handled in-house to ensure safe and timely bulk deliveries.
Price Band₹70 |
Dates27 Dec - 31 Dec |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹12.60 Crs |
Citichem India Ltd Objects
- For Capital expenditure for acquisition of Property
- For purchasing of Transportation Vehicles and accessories
- For General Corporate Purposes
- For meeting the Issue Expenses
Citichem India Ltd Details
Price Band₹70 |
Listing AtBSE SME |
IPO Issue TypeFixed Price |
Fresh Issue₹12.60 Cr (0.18 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹12.60 Cr (0.18 Cr Shares) |
Face Value₹10 per equity share |
Citichem India Ltd Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
2,000
1,40,000
Maximum
1
2,000
1,40,000
|
|||
| NII |
Minimum
2
4,000
2,80,000
|
|||
Citichem India Ltd Subscription
-
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| Total | - | 0 | 0 |
Citichem India Ltd GMP
The estimated Grey Market Premium of Citichem India Ltd is ₹0 per share (0.00%)
1. GMPs are available for IPOs with listing dates from May 1, 2025, onwards.
2. The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| Retail % | Not less than 50% of net offer |
| Others | Not more than 50% of net offer |
| Market Maker | 92,000 EQ Share |
Citichem India Ltd Financials
| Particulars | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 1.10 | 19.61 | 20.94 | 85.22 |
| Profit after Tax | 0.20 | 1.12 | 0.36 | 0.24 |
| Net Worth | 7.45 | 7.25 | 6.13 | 5.77 |
| Total Borrowing | 1.08 | 1.08 | 1.10 | 1.11 |
| Total Assets | 68.52 | 69.33 | 79.73 | 91.43 |
| NAV per share (in ₹) | 14.90 | 14.50 | 12.27 | 11.54 |
| EPS - Basic (in ₹) | 0.40 | 2.24 | 0.81 | 2.15 |
The financial information presented is on a consolidated basis
Key Performance Indicators
| KPI | KPI |
|---|---|
| EBITDA | 9.14 |
| PAT | 5.70 |
| ROE | 15.42 |
| ROCE | 21.47 |
| Debt to Equity | 0.15 |
| PE Ratio | 31.25 |
| PB Ratio | 4.83 |
| Mkt Cap (in Crs.) | 47.60 |
- All Ratios are based on Mar 24
- PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Citichem India Ltd Peer Comparision
| Particulars | Co. | Shankar Lal Rampal Dye Chem | Vinyl Chemicals |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 19.61 | 287.73 | 597.01 |
| PAT (In Crs.) | 1.12 | 6.50 | 21.84 |
| EPS - Basic | 2.24 | 1.02 | 11.91 |
| NAV per share | 14.50 | 15.40 | 63.66 |
| RONW | 15.42 | 6.59 | 18.71 |
| EBITDA | 9.14% | 3.37% | 4.99% |
| PAT Margin | 5.70% | 2.26% | 3.66% |
| Price to earning (PE) | 31.25 | 91.33 | 30.31 |
| Debt to Equity | 0.15 | 0.06 | 0.00 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers
Citichem India Ltd Peer Comparision
| Particulars | Co. |
|---|---|
| Revenue from Ops (in Crs.) | 19.61 |
| PAT (In Crs.) | 1.12 |
| EPS - Basic | 2.24 |
| NAV per share | 14.50 |
| RONW | 15.42 |
| EBITDA | 9.14% |
| PAT Margin | 5.70% |
| Price to earning (PE) | 31.25 |
| Debt to Equity | 0.15 |
| Shankar Lal Rampal Dye Chem | Vinyl Chemicals |
|---|---|
| 287.73 | 597.01 |
| 6.50 | 21.84 |
| 1.02 | 11.91 |
| 15.40 | 63.66 |
| 6.59 | 18.71 |
| 3.37% | 4.99% |
| 2.26% | 3.66% |
| 91.33 | 30.31 |
| 0.06 | 0.00 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Mr. Arif Esmail Merchant | 37.85% |
| Mr. Hashim Arif Merchant | 20.40% |
| Mrs. Fozia Arif Esmail Merchant | 10.00% |
| Mrs. Saima Hashim Merchant | 10.00% |
| Other Promoter | 5% |
Management Details
| Name | Designation |
|---|---|
| Mr. Arif Esmail Merchant | MD |
| Ms. Farheen Ansari | CFO |
Company Details
Name : CITICHEM INDIA LIMITED
Address : 7, Floor 1, Plot No 96, Dhram Jyoti, Kazi Sayed Street, Khand Bazar, Masjid Station, Mandvi, Mumbai - 400003, Maharashtra, India.
Number : +91- 9223278100
Email : cs@citichemindia.com
Website : www.citichemindia.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Citichem India Ltd is a SME IPO having an issue size of Rs. ₹12.60 Crs. Citichem India Ltd is priced at ₹70 - ₹70 per share. The issue opens on 27 Dec 24 and closes on 31 Dec 24.
Citichem India Ltd opens on 27 Dec 24 and closes on 31 Dec 24.
The estimated Grey Market Premium of Citichem India Ltd is ₹0 per share (0.00%).
The minimum lot size of Citichem India Ltd is 2000 shares & the minimum application amount is Rs. 140000.
The allotment date of Citichem India Ltd is 01 Jan 25.
The listing date of Citichem India Ltd is 03 Jan 25.
Citichem India Ltd is subscribed -.
Citichem India Ltd is priced at ₹70 - ₹70 per share.
Click the allotment link on Citichem India Ltd page of IPO360.
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