Citichem India
CLOSEDIPO Date: 27 Dec - 31 Dec 2024
Listing Date: 3 Jan 2025
Price Range
₹70 - ₹70 per share
Issue Size
12 Cr
Min Investment
₹1,40,000
Lot Size
2000 Shares
Schedule of Citichem India
Issue open date
27 Dec 2024
Issue close date
31 Dec 2024
UPI mandate deadline
31 Dec 2024 (5 PM)
Allotment finalization
1 Jan 2025
Share credit
2 Jan 2025
Listing date
3 Jan 2025
Mandate end date
15 Jan 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 12 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 1 Jan 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 3 Jan 2025 | ₹70 | ₹15 | ₹85 (21%) |
| 2 Jan 2025 | ₹70 | ₹15 | ₹85 (21%) |
| 1 Jan 2025 | ₹70 | ₹20 | ₹90 (28%) |
| 31 Dec 2024 | ₹70 | ₹20 | ₹90 (28%) |
| 30 Dec 2024 | ₹70 | ₹20 | ₹90 (28%) |
| 28 Dec 2024 | ₹70 | ₹29 | ₹99 (42%) |
| 27 Dec 2024 | ₹70 | ₹29 | ₹99 (42%) |
| 26 Dec 2024 | ₹70 | ₹29 | ₹99 (42%) |
Performance Citichem India
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹70 - ₹70 per share | ₹ 68 (-2.46%) | ₹ 29.22 | -58.26% |
About Citichem India
Incorporated in 1992, Citichem India Limited specializes in procuring and supplying organic and inorganic chemicals, bulk drugs, and food chemicals primarily to the pharmaceutical industry. Its diverse portfolio caters to industries like aluminium, steel, textiles, dairy, paints, dyes, soaps, and adhesives. With over 25 years of promoter expertise, the company aims to expand its market presence and diversify procurement channels, leveraging its established clientele and growing demand for speciality chemicals.
| Founded in | 1992 |
| Managing director | Mr. Arif Esmail Merchant |
| Parent organization | Citichem India Ltd |
Financial Overview
Strengths
- 25+ years of experience in specialty chemicals.
- Diverse portfolio serving multiple industries.
- Strong client relationships ensure steady demand.
- Promoters excel in supply chain management.
Risks
- Reliance on leased facilities limits scalability.
- Vulnerable to raw material price fluctuations.
- Regulatory risks in chemicals and pharma.
- Legal issues may affect reputation and confidence.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | 277 |
| Retail Individual Investors (RIIs) | 543 |
| Employee | N/A |
| Total | 414 |