Citichem India is launching a fixed-price IPO valued at ₹12.60 crores, consisting entirely of a fresh issue of 18.00 lakh equity shares.
The subscription period for the Citichem India IPO begins on December 27, 2024, and ends on December 31, 2024. The allotment of shares is expected to be finalized on January 1, 2025 (Wednesday). The company plans to list its shares on the BSE SME platform, with the tentative listing date set for January 3, 2025 (Friday).
The IPO is priced at ₹70 per share. Investors must apply for a minimum lot size of 2,000 shares, requiring a retail investment of at least ₹1,40,000. High Net Worth Individuals (HNIs) must purchase a minimum of 2 lots (4,000 shares), amounting to ₹2,80,000.
Horizon Management Private Limited is serving as the book-running lead manager for the IPO, while Kfin Technologies Limited has been appointed as the registrar. Aftertrade Broking Pvt Ltd is acting as the market maker for the issue.
For detailed and comprehensive information about the Citichem India IPO RHP, please refer to the Red Herring Prospectus (RHP). The RHP includes critical details such as the company’s financial statements, objectives of the issue, risk factors, business overview, and more.
Citichem India IPO Details
IPO Date | December 27, 2024 to December 31, 2024 |
Face Value | ₹10 per share |
Price | ₹ 70 per share |
Lot Size | 2,000 Shares |
Total Issue Size | 18,00,000 shares (aggregating up to ₹12.60 Cr) |
Fresh Issue | 18,00,000 shares (aggregating up to ₹ 12.60 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share Holding Pre Issue | 50,00,000 shares |
Share Holding Post Issue | 68,00,000 shares |
Market Maker Portion | 92,000 shares |
Citichem India IPO Timeline
The Citichem India IPO is scheduled to open for subscription on December 27, 2024, and will close on December 31, 2024.
IPO Open Date | Friday, December 27, 2024 |
IPO Close Date | Tuesday, December 31, 2024 |
Basis of Allotment | Wednesday, January 1, 2025 |
Initiation of Refunds | Thursday, January 2, 2025 |
Credit of Shares to Demat | Thursday, January 2, 2025 |
Listing Date | Friday, January 3, 2025 |
Citichem India IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 2,000 thereafter. The table below provides details of the minimum and maximum investment limits for retail investors and High Net Worth Individuals (HNIs):
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹1,40,000 |
Retail (Max) | 1 | 2000 | ₹1,40,000 |
HNI (Min) | 2 | 4,000 | ₹2,80,000 |
About Citichem India Limited
About Citichem India Limited
Incorporated in 1992, Citichem India Limited specializes in the procurement and distribution of organic and inorganic chemicals, bulk drugs, and food-grade chemicals, catering primarily to the pharmaceutical industry.
The company emphasizes the direct supply of specialty chemicals, bulk drugs, and intermediates, ensuring quality and efficiency in its operations.
Key Highlights:
- Diverse Applications: Citichem India trades in specialty chemicals and intermediates with applications across multiple industries, including aluminum, steel, textiles, paper, dairy, paints, dyes, soap manufacturing, pharmaceuticals, food, and adhesives.
- Food Chemicals & Preservatives: The company also offers food preservatives and chemicals under its proprietary brand, distributed via a dedicated network to ensure secure delivery of bulk supplies.
With a focus on quality and diverse product offerings, Citichem India serves as a vital supplier to numerous industrial sectors.
FAQs About Citichem India IPO
What is the issue size of the Citichem India IPO?
The total issue size is ₹12.60 crores, consisting of a fresh issue of 18.00 lakh equity shares.
What is the price of shares in the Citichem India IPO?
The IPO price is ₹70 per equity share.
What are the opening and closing dates for the Citichem India IPO?
The IPO opens on December 27, 2024, and closes on December 31, 2024.
What is the minimum lot size for the Citichem India IPO?
Investors must apply for a minimum of 2,000 shares per lot.
What is the minimum investment amount for retail investors in the Citichem India IPO?
The minimum investment amount is ₹1,40,000 for 2,000 shares.
What is the minimum investment requirement for HNIs in the Citichem India IPO?
HNIs need to apply for at least 2 lots (4,000 shares), amounting to ₹2,80,000.
Who is the lead manager for the Citichem India IPO?
Horizon Management Private Limited is the book-running lead manager for this IPO.
Who is the registrar for the Citichem India IPO?
Kfin Technologies Limited is the registrar for the IPO.
Where will the shares of the Citichem India IPO be listed?
The shares will be listed on the BSE SME platform.
When is the allotment date for the Citichem India IPO?
The allotment is expected to be finalized on January 1, 2025.
What is the tentative listing date for the Citichem India IPO?
The tentative listing date is January 3, 2025.
What industries does Citichem India serve?
Citichem India supplies specialty chemicals, bulk drugs, and intermediates to industries such as pharmaceuticals, aluminum, steel, textiles, paper, dairy, paints, dyes, soaps, food, and adhesives.
Where can I find detailed information about the Citichem India IPO?
Refer to the Red Herring Prospectus (RHP) for comprehensive details about the Citichem India IPO