Citichem India Limited is set to launch its IPO. The IPO will open on 27 December 2024 (Friday) and close on 31 December 2024 (Tuesday). This is a fixed-price issue IPO. Through this issue, the company aims to raise approximately ₹12.60 crores from potential investors.
The IPO consists entirely of a fresh issue of equity shares amounting to ₹12.60 crores. The face value of the shares is ₹10 per share, and the issue price is set at ₹70 per share. Investors can bid for a minimum lot size of 2,000 shares.
IPO Key Highlights
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | 27 December, 2024 (Friday) |
| IPO Close Date | 31 December, 2024 (Tuesday) | |
| Pricing Information | Face Value | ₹10 per equity share |
| Issue Price | ₹70 per equity share (including ₹60 premium) | |
| Offer Structure | Total Issue Size | 18,00,000 shares (₹12.60 Crores) |
| Fresh Issue | 18,00,000 shares (₹12.60 Crores) | |
| Offer for Sale (OFS) | N/A | |
| Investor Details | Listing Exchange | BSE SME |
| IPO Type | Fixed Price Issue | |
| Lot Size | 2,000 shares | |
| Market Maker Portion | 92,000 shares (₹64.40 Lakhs) |
Important Dates to Remember
| Event | Date |
|---|---|
| IPO Open Date | 27 December, 2024 (Friday) |
| IPO Close Date | 31 December, 2024 (Tuesday) |
| Basis of Allotment | 1 January, 2025 (Wednesday) |
| Initiation of Refunds | 2 January, 2025 (Thursday) |
| Credit of Shares to Demat | 2 January, 2025 (Thursday) |
| Listing Date | 3 January, 2025 (Friday) |
What is GMP of Citichem India Ltd IPO Today?
As of December 27, 2024, the Grey Market Premium (GMP) for the Citichem India IPO is ₹30. This indicates that the shares are expected to list at approximately ₹100 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financial Standing
| Particulars | Sep 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Assets | 6,851.56 | 6,932.79 | 7,972.53 | 9,142.69 |
| Revenue | 149.07 | 1,960.58 | 2,094.07 | 8,528.00 |
| Total Expenses | 121.16 | 1,796.01 | 2,043.21 | 8,495.80 |
| Profit After Tax | 19.95 | 111.83 | 36.26 | 23.94 |
| Net Worth | 745.06 | 725.11 | 613.27 | 577.01 |
| Reserves and Surplus | 245.06 | 225.11 | 113.27 | 77.01 |
Company’s Key Performance Indicators
| Key Performance Indicator | Value |
|---|---|
| Return on Capital Employed (ROCE) | 21.47% |
| Return on Equity (ROE) | 15.42% |
| Debt to Equity Ratio | 0.15 |
| Return on Net Worth (RoNW) | 15.42% |
| EBITDA Margin (%) | 9.14% |
| After Tax Profit Margin (%) | 5.70% |
| Net Asset Value (NAV) | ₹14.50 |
| Earnings Per Share (EPS) | ₹2.24 |
| Price to Book Value (P/BV) |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum) | 1 | 2,000 | ₹1,40,000 |
| Retail Investor (Maximum) | 1 | 2,000 | ₹1,40,000 |
| HNI Investor (Minimum) | 2 | 4,000 | ₹2,80,000 |
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | 50% of the Net Offer |
| Shares Reserved for Retail Investors | 35% of the Net Offer |
| Shares Reserved for Non-Institutional Investors | 15% of the Net Offer |
Net Cash Flow Overview
| Activity | Jun 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Net Cash from Operating Activities | -43.34 | 55.14 | 27.59 | -597.08 |
| Net Cash from Investing Activities | - | -0.07 | -3.61 | -1.05 |
| Net Cash from Financing Activities | -0.08 | -14.54 | -7.34 | 595.14 |
Peer Comparison: EPS, PE Ratio, and Face Value
| Company Name | EPS Basic (₹) | P/E Ratio | Face Value (₹) |
|---|---|---|---|
| Citichem India Limited | 2.24 | 31.30 | 10.00 |
| Shankar Lal Rampal Dye-Chem Ltd | 1.02 | 91.33 | 10.00 |
| Vinyl Chemicals (India) Ltd | 11.91 | 30.31 | 1.00 |
Key Objectives of the Issue
- Procurement of Vehicles and Related Accessories
- Acquisition of Real Estate for Expansion
- Meeting General Corporate Expenses
Popular Questions
- What are the opening and closing dates for the Citichem India Limited public offering?
The issue opens on 27 December, 2024, and closes on 31 December, 2024. - What is the issue price for the Citichem India Limited public issue?
The issue price is ₹70 per equity share. - What is the lot size for retail investors in this offer?
Retail investors can bid for a minimum of 2,000 shares, amounting to ₹1,40,000. - Who is the lead manager for this public offering?
The lead manager is Horizon Management Private Limited. - Who is the registrar for the Citichem India Limited public issue?
The registrar is KFin Technologies Limited. - What are the main objectives of this offer?
The funds raised through this issue will be utilized for procurement of vehicles and related accessories, acquisition of real estate for expansion, and meeting general corporate expenses. - On which stock exchange will the shares be listed?
The shares of Citichem India Limited are proposed to be listed on BSE SME. - What is the total issue size for the Citichem India Limited public offering?
The total issue size is 18,00,000 equity shares. - When will the allotment and refund process begin?
The allotment date is 1 January, 2025, and refunds will begin on 2 January, 2025. - When will the shares be credited to the Demat account?
Shares will be credited to the Demat accounts on 2 January, 2025. - What is the expected listing date for the offer?
The shares are expected to list on 3 January, 2025.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more IPO reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Citichem India IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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