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Objective of the Issue
The Company intends to utilize the Net Proceeds from the Fresh Issue towards the following objectives:
- For Capital expenditure for acquisition of Property.
- For purchasing of Transportation Vehicles and accessories.
- For General Corporate Purposes.
- To meet the Issue Expenses.
IPO Details, Price, Market Lot
| Citichem India SME IPO Details | |
| IPO Open Date | 27 December 2024 |
| IPO Close Date | 31 December 2024 |
| IPO Issue Size | 18,00,000 Shares (Aggregating up to ₹12.60 Cr) |
| Fresh Issue | 18,00,000 Shares (Aggregating up to ₹12.60 Cr) |
| Offer for Sale | NIL |
| Retail Portion | 50% |
| Other’s Portion | 50% |
| Listing At | BSE SME |
| Citichem India SME IPO Price | |
| Face Value | ₹10 Per Share |
| IPO Price Band | ₹ 70 Per Share |
| Employee Discount | — |
| IPO Issue Type | Fixed Price Issue |
| Citichem India SME IPO Market Lot For Retail Investor | |
| No. of Shares Per Lot | 2000 Shares |
| Minimum Lot Size | 1 Lot (2000 Shares) |
| Minimum Amount (Cut-off price) | ₹1,40,000 |
| Maximum Lot Size | 1 Lot (2000 Shares) |
| Maximum Amount (Cut-off price) | ₹1,40,000 |
| Citichem India SME IPO Market Lot For HNI | |
| No. of Shares Per Lot | 2000 Shares |
| Minimum Lot Size | 2 Los (4000 Shares) |
| Minimum Amount (Cut-off price) | ₹2,80,000 |
IPO Date, Listing Date, Allotment Date
| Citichem India SME IPO Time Table (Tentative) | |
| IPO Open Date | 27 December 2024 |
| IPO Close Date | 31 December 2024 |
| Basis of Allotment Date | 1 January 2025 |
| Initiation of Refunds | 2 January 2025 |
| Credit of Share to Demat Account | 2 January 2025 |
| IPO Listing Date | 3 January 2025 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 30 June 2024 | 6,851.56 | 149.07 | 19.95 | 745.06 | 108.21 |
| 31 March 2024 | 6,932.79 | 1,960.58 | 111.83 | 725.11 | 108.21 |
| 31 March 2023 | 7,972.53 | 2,094.07 | 36.26 | 613.27 | 109.65 |
| 31 March 2022 | 9,142.69 | 8,528 | 23.94 | 577.01 | 110.62 |
| Period Ended | 30 June 2024 | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Assets | 6,851.56 | 6,932.79 | 7,972.53 | 9,142.69 |
| Revenue | 149.07 | 1,960.58 | 2,094.07 | 8,528 |
| P A T | 19.95 | 111.83 | 36.26 | 23.94 |
| Net Worth | 745.06 | 725.11 | 613.27 | 577.01 |
| Borrowings | 108.21 | 108.21 | 109.65 | 110.62 |
| Amount in ₹ Lakh | ||||
Company Promotor & Promotor’s Holding
Mr. Arif Esmail Merchant, Mr. Hashim Arif Merchant, Mrs. Fozia Arif Esmail Merchant and Mrs. Saima Hashim Merhant are the promoters of the company.
| Pre Issue Promotor Holding | 83.25% |
| Post Issue Promotor Holding | 61.21% |
Company Address
Citichem India Limited
7, Floor-1, Plot-96, Dharam Jyoti, Kazi Sayed Street, Khand Bazar, Masjid Station, Mandvi, Mumbai 400003
Phone: +91- 9223278100
Email: cs@citichemindia.com
Website: https://www.citichemindia.com/
IPO Registrar, Lead Manager, Prospectus
| Citichem India SME IPO Prospectus |
| Citichem India SME IPO Registrar |
| Kfin Technologies Limited |
| Citichem India SME IPO Lead Manager |
| Horizon Management Private Limited |