CITICHEM INDIA LIMITED

27 Dec 2024 - 01 Jan 2025 Individual Category SME BSE

Min Investment

₹140000

Price Band

₹70

Issue Size

18 lakhs
Equity Shares

Lot Size

2000

IPO Dates
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27 Dec 2024

Open Date

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01 Jan 2025

Close Date

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01 Jan 2025

Allotment Date

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03 Jan 2025

Listing Date

Citichem India IPO open date is on 27 December to 31 December 2024. This new IPO is a fixed-price issue of 18 lakh equity shares. This upcoming IPO is entirely a fresh issue.Citichem India IPO price band is Rs 70 per share. Citichem India IPO GMP live is 10 indicating mild bullish sentiment for this IPO among investors. Live IPO Grey Market Premium details are visible online.Citichem India IPO lot size is 2000 shares. The IPO allotment status live is to be finalised on January 1, 2025. The minimum investment for the retail investors for 1 lot is expected to be Rs 1,40,000. The registrar for the Citichem India IPO is Kfin Technologies Limited. The listing date is January 3, 2024. 

Know Before Investing

Strengths icon

  • Diverse product portfolio serving multiple industries like pharma and food.
  • Strong supplier relationships enabling reliable chemical sourcing and distribution.
  • Established presence since 1992 with experienced management leadership

Weaknesses icon

  • Small employee base of only 9 staff limits operational capacity.
  • Heavy dependence on third-party manufacturers and suppliers.
  • Limited geographical reach with single location operations

About Citichem India Limited

Citichem India Limited founded in 1972, is engaged in buying and supplying organic and inorganic chemicals, bulk drugs, and food chemicals to the pharmaceutical industry. Citichem India focuses on the direct supply of specialty chemicals, bulk drugs, and intermediate products. Citichem India trades in specialty chemicals and intermediates that have a range of applications across industries such as aluminum, steel, textiles, paper, dairy, paints etc.The company also supplies food preservatives and chemicals under its brand name, which are then sold through its distribution team. Citichem India Limited has 3 business divisions: 1) Speciality chemicals, Intermediaries and active pharma ingredients. 2) Food Chemicals 3) Laboratory Chemicals.  

Founded

1972

Managing Director

Mr.Arif Esmail Merchant

Parent Organization

IPO Objectives

The funds raised from Citichem India IPO will be used for funding the capital expenditure for the acquisition of the property. Also for purchasing the transportation vehicles and accessories. The remaining funds will be used for general corporate purposes and for meeting the issue expenses.

Company Promoters

Mr. Arif Esmail Merchant

Mr. Hashim Arif Merchant

Mrs. Fozia Arif Esmail Merchant

Mrs. Saima Hashim Merhant

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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