December 26, 2024
admin
Citichem India IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com, a legacy of 31 Years.
India`s Oldest Investment & IPO website.
Most Trusted by Investors across India.
Table of Contents
Citichem India listing Review
Will give detailed review on listing of this IPO
Citichem India IPO allotment Link
For latest GMP, Click
Subscription status of Citichem India IPO
|
Anya Polytech IPO (Day 1) Price Rs. ? Lot ? shares, Rs.? Crore |
||||
| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Citichem India?
Citichem India is engaged in the trading of organic and inorganic chemicals, bulk drugs, and, food chemicals to pharmaceutical industry. The traded specialty chemicals and intermediates have a wide application in aluminium, steel, textiles, paper, dairy, paints, dyes & intermediates, soap making, pharma, food and adhesive Industry. The Company also supplies food preventives and chemicals under its own brand name which is thereafter converted into sales in their own books by the distribution team who ensures safe delivery of bulk supply. To cater to the growing demand of its products from its existing customers and to meet requirements of new customers, it is planning to acquire property for warehousing purpose for ease of storage and supply of its product. The Company intends to acquire a property at Bhiwandi, Mumbai
Get more information about the company @ www.citichemindia.com
|
Citichem India IPO Details |
|
| IPO opens on | 27 December 2024 |
| IPO closes on | 31 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1800,000 Shares / Rs 44.80 Crore |
| * Fresh Issue | 32000000 Shares / Rs 12.60 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 90,000 Shares |
| Net offer to Public | 1710,000 Shares/ Rs.11.97 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 70 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 15200000 | 21.28 |
| NII (15%) | 4560000 | 6.38 |
| RII (35%) | 10640000 | 14.90 |
| Total Shares | 1710000 | 11.97 |
| Retail portion will be oversubscribed by |
1064 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.140000 |
| Min HNI Application | 4000 Shares | Rs. 280000 |
Who are the Promoters of Citichem India?
THE PROMOTERS OF THE COMPANY ARE MR. ARIF ESMAIL MERCHANT, MR. HASHIM ARIF MERCHANT, MRS. FOZIA ARIF ESMAIL MERCHANT AND MRS. SAIMA HASHIM MERCHANT
What are the Objects of Citichem India IPO?
The Offer comprises of fresh issue of shares.
The Company intends to utilize the proceeds towards the following objects:
Capital expenditure for acquisition of Property
Purchase of Transportation Vehicles and Accessories
General Corporate Purposes
Tentative timetable |
|
| IPO opens on | 27 December 2024 |
| IPO Closes on | 31 December 2024 |
| IPO Allotment on | 1 Janaury 2024 |
| Refund Initiation | 2 January 2024 |
| Credit of Shares | 2 January 2024 |
| Listing on | 3 January 2025 |
| Registered Office of the Company 7, Floor 1, Plot No 96, Dhram Jyoti, Kazi Sayed Street, Khand Bazar, Masjid Station, Mandvi, Mumbai – 400003, Maharashtra, India |
| Who is the Lead Manager of this IPO? Horizon Management Pvt. ltd |
|
Who is the Registrar to IPO? |
Citichem India IPO GMP grey market premium, review, Subscription, allotment, listing estimate
|
Citichem India IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 85.28 | 0.24 | 2.15 | |
| 2022-23 | 20.94 | 0.36 | 0.81 | |
| 2023-24 | 19.61 | 1.12 | 2.24 | |
| Book Value of the Share on 30.09.2024 |
Rs | – | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 70 | ||
Key Performance
|
|
| Price/EPS of 23-24 | 31.25 |
| Price/BV Ratio | ? |
| Debt/Equity Ratio | ? |
How Citichem India IPO compares with the Peers?
| As on date of RHP | FV | PBV | PE |
| Rs. | Ratio | Ratio of | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Citichem India IPO Review
Citichem India is engaged in the trading of organic and inorganic chemicals, bulk drugs, and, food chemicals to pharmaceutical industry. The traded specialty chemicals and intermediates have a wide application in aluminium, steel, textiles, paper, dairy, paints, dyes & intermediates, soap making, pharma, food and adhesive Industry. The business (trading of various chemicals) has very low entry barrier and huge competition. Uptil 20222-23, the company has made negligible profits, which during the year 2023-24 shot up to Rs. 1.12 crore on turnover of Rs. 19.61 crore. Such sharp rise in the net profits in the year prior to the IPO is astonishing.
From fundamental angle, the IPO has low attraction. If the IPO can command premium in the grey market, it may get subscriptions, for which we cannot comment.
+ from fundamental angle: May avoid
+ from grey market angle:
Quicklinks
Citichem India IPO GMP today allotment, review?
Citichem India IPO GMP grey market premium
Emerald Tyre
