Citichem India SME IPO Details, Financials, Valuation & Peers
Explore Citichem India IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Citichem India Limited, established in 1992, is a specialized supplier of organic and inorganic chemicals, bulk drugs, and food chemicals. The company primarily serves the pharmaceutical industry and other sectors, including aluminum, steel, textiles, paper, dairy, paints, dyes, adhesives, and food industries. Operating under its own brand name, Citichem ensures reliable procurement, sourcing, and distribution of specialty chemicals and intermediates with a focus on safety and quality. With over 25 years of expertise from its promoters, the company is strategically positioned to expand its market share and diversify its product portfolio to meet the growing demands of industries across India.
Key Points:
- Core Business:
- Procurement, sourcing, and supply of organic and inorganic chemicals.
- Specialized in Active Pharmaceutical Ingredients (APIs), bulk drugs, and specialty chemicals.
- Distribution of food preventives and chemicals under its own brand name.
- Industry Applications:
- Pharmaceuticals and finished formulations.
- Textile and garment manufacturing.
- Paints, coatings, and dyes.
- Food, fragrance, and perfume industries.
- Pesticides and agrochemicals.
- Product Portfolio:
- Organic and Inorganic Chemicals: Caustic soda flakes, soda ash light, caustic potash flakes, hydrogen peroxide.
- APIs and Specialty Chemicals: Wide range of products catering to key industrial applications.
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.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 27 Dec - 31 Dec 2024 |
| IPO Price Band | ₹70 per share |
| Fresh Issue | 18,00,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹12.60 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 27 Dec 2024 |
| IPO Closing Date | 31 Dec 2024 |
| Basis Of Allotment | 01 Jan 2025 |
| Refunds | 02 Jan 2025 |
| Demat Transfer | 02 Jan 2025 |
| IPO Listing Date | 03 Jan 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 85.28 | 20.94 | 19.61 | 1.49 |
| Total Expenses | 84.96 | 20.43 | 17.96 | 1.21 |
| Net Profit/Loss | 0.24 | 0.36 | 1.12 | 0.20 |
| NPM (*) | 0.28 | 1.73 | 5.70 | 18.18 |
| Total Assets | 91.43 | 79.73 | 69.33 | 68.52 |
| Total Liabilities | 85.66 | 73.59 | 62.08 | 61.07 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | 2.15 | 0.81 | 2.24 | 0.40 |
| ROE (%) | 4.15 | 5.91 | 15.42 | 2.68 |
| ROCE (%) | 5.97 | 7.89 | 21.47 | 3.30 |
| D/E Ratio | 0.19 | 0.18 | 0.15 | 0.15 |
| Current Ratio | 1.08 | 1.10 | 1.13 | 1.14 |
| EBITDA MARGIN (%) | 0.52 | 2.79 | 9.14 | 25.86 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Citichem India Limited | 19.61 | 31.30 | 2.24 | 15.42 | 14.50 |
| Shankar Lal Rampal DyeChem Ltd | 287.73 | 91.33 | 1.02 | 6.59 | 15.40 |
| Vinyl Chemicals (I) Ltd | 597.01 | 30.31 | 11.91 | 18.71 | 63.66 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 277.88 |
| Retail Individual Investor (RII) | 543.18 |
| Total | 414.35 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- MR. ARIF ESMAIL MERCHANT
- MR. HASHIM ARIF MERCHANT
- MRS. FOZIA ARIF ESMAIL MERCHANT
- MRS. SAIMA HASHIM MERCHANT
Lead Managers
- HORIZON MANAGEMENT PRIVATE LIMITED
Company Address
Citichem India Limited
7, Floor 1, Plot No 96, Dhram Jyoti, Kazi Sayed Street, Khand Bazar, Masjid Station, Mandvi, Mumbai - 400003, Maharashtra, India.
Phone: +91- 9223278100
Email: cs@citichemindia.com
Website: www.citichemindia.com
FAQs
- What is the issue size of the Citichem India SME IPO?The Citichem India SME IPO has an issue size of ₹12.60 crore. This includes a fresh issue of 18,00,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Citichem India IPO?The price band for the Citichem India IPO is ₹70 per share.
- What are the bidding dates for the Citichem India IPO?The Citichem India IPO will open for bidding on 27 Dec 2024 and close on 31 Dec 2024.
- What is the allotment date for the Citichem India IPO?The allotment date for the Citichem India IPO is 01 Jan 2025.
- What is the minimum lot size and investment required for the Citichem India IPO?The minimum lot size for the Citichem India IPO is 2000 shares and the minimum investment required is ₹1,40,000.
- What is the listing date for the Citichem India IPO?The listing date for the Citichem India IPO is 03 Jan 2025.
- What is the Citichem India IPO grey market premium?The grey market premium (GMP) for the Citichem India IPO is currently at ₹15, with an expected listing gain of approximately 21.43%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.