Issue Price
₹70
Per Share
GMP
NIL
Grey Market
Est. Listing
₹70
Expected Price
Min. Application
₹280,000
2 lots × 2000 shares
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, retail distribution, and marketing of food chemicals.Laboratory Chemicals: The company offers a one-stop solution for all types of laboratory chemicals.As of June 30, 2024, The company has 9 employees.Competitive Strengths:Experienced Promoters and management teamScalable Business ModelFocus on quality and innovationLocation AdvantageCordial Relationships with Suppliers &CustomersDedicated after-sales network
Citichem India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 92,000 | — | ₹0.64 Cr | — |
| TOTAL | 1,800,000 | 100.00% | ₹12.60 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹140,000 |
| Retail (Max) | 13 | 26,000 | ₹1,820,000 |
| sNII (Min) | 14 | 28,000 | ₹1,960,000 |
| bNII (Min) | 68 | 136,000 | ₹9,520,000 |
| Particulars | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 149.07 | 1960.58 | 2094.07 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 19.95 | 111.83 | 36.26 |
| Net Worth | 745.06 | 725.11 | 613.27 |
| Total Assets | 6851.56 | 6932.79 | 7972.53 |
| Reserves & Surplus | 245.06 | 225.11 | 113.27 |
| Total Borrowings | 108.21 | 108.21 | 109.65 |