Citichem India Limited

Company Profile
Company Name Citichem India Limited
Open Date 27-12-2024
Close Date 31-12-2024
Exchange BSE SME
Lot Size 2,000 Shares
Issue Price ₹70 per share
Issue Size 18,00,000 shares
Application Amount ₹1,40,000
Recommendation Avoid
Incorporation: Incorporated in 1992, the company’s registered office is located in Mumbai, Maharashtra. Business Activity: Citichem India Limited is engaged in buying and supplying organic and inorganic chemicals, bulk drugs, chemicals to the the pharmaceutical industry. The company focuses on the direct supply of specialty chemicals, bulk drugs, and intermediate products 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. Revenue Stream: Company derived 96.95% from Maharashtra with one customer contributing to 46.74% in FY 24. Human Resource: As of June 30, 2024, they had 9 whole-time employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24 Jun-24
Revenue 8,521.64 2,094.07 1,960.58 109.75
EBITDA 38.34 58.39 179.29 -10.93
Net Profit 23.93 36.25 111.83 19.95
RoCE 5.28% 7.98% 21.52% -1.34%
ROE 4.15% 5.91% 15.42% 2.68%
P/E 32.56 86.42 31.25 43.62

Tentative Timeline

Opening Date 27-12-2024
Closing Date 31-12-2024
Basis of Allotment 01-01-2025
Initiation of Refunds 02-01-2025
Credit of Shares to Demat 02-01-2025
Listing Date 03-01-2025

Objects of the Issue

For Capital expenditure for acquisition of Property
For purchasing of Transportation Vehicles and accessories
For General Corporate Purposes
For meeting the Issue Expenses

Contact Information

Registered Office Citichem India Limited 7, Floor-1, Plot-96, Dharam Jyoti, Kazi Sayed Street, Khand Bazar, Masjid Station, Mandvi, Mumbai 400003
Phone +91- 9223278100
Email cs@citichemindia.com
Website https://www.citichemindia.com/

Registrar Details

Name KFin Technologies Limited
Phone 04067162222, 04079611000
Email citichemindia.ipo@kfintech.com
Website https://kosmic.kfintech.com/ipostatus/

IPO Reservation

Market Maker Shares Offered 92,000 (5.11%)
Other Shares Offered 8,54,000 (47.44%)
Retail Shares Offered 8,54,000 (47.44%)

Shareholding Pattern

Shareholding Pre Issue (Promoters) 83.25%
Shareholding Post Issue (Promoters) 61.21%

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