IPO Dates
Important dates with respect to IPO allotment and listing
To be announced
About Company
Citichem India Limited is a company primarily involved in the buying, procuring, and supplying organic and inorganic chemicals, bulk drugs, and food chemicals to the pharmaceutical industry. They also trade speciality chemicals and intermediates with wide applications in various industries such as aluminium, steel, textiles, paper, dairy, paints, dyes and intermediates, soap making, pharma, food, and adhesive industries. The company also supplies food preventives and chemicals under its brand name. The Citchem India Limited IPO opening and closing dates are yet to be announced.
Citichem India Limited IPO Details
Citichem India Limited IPO is a 100% fresh issue of 18,00,000 equity shares with a face value of ₹10 each. The IPO will list on the NSE exchange; the date is yet to be announced.
Citichem India Limited IPO Objective
The objectives of Citichem India Limited's IPO are listed below:
- For funding working capital requirements.
- Purchase of transportation vehicles and accessories.
- For general corporate purposes.
- To meet issue expenses.
Should you invest in Citichem India Limited?
Here are a few important reasons to consider before investing in the IPO:
- Citichem Limited has a scalable business model, which is customer-centric and order driven, and requires optimum utilisation of the company’s existing resources. This assures quality supply and achieves consequent economies of scale.
- Furthermore, the promoters have a clear vision for the company's growth prospects, aiming to expand and diversify their procurement sources. This vision, coupled with its market expertise, positions Citichem India Limited for continued success in the industry.
- There are outstanding actions and litigation proceedings against the company, promoter and directors. Any adverse outcome in such proceedings may have a negative impact on the company’s reputation, business, financial condition, results of operations and cash flows.
Competitive Peers
Shankar Lal Rampal DyeChem Limited and Vinyl Chemicals Limited are the peer companies listed in India engaged in the same business line.
Highlights of Citichem India Ltd
- Citichem India is a leading manufacturer of industrial chemicals and dyes, and its products are used in a variety of industries, including textiles, plastics, and pharmaceuticals.
- The management team of Citichem India Limited possesses a diverse set of skills and knowledge across various areas such as industry understanding, regulatory affairs, sales, marketing, and finance. This collective expertise enables the company to capitalise on current market opportunities and adapt to future trends effectively. The team's ability to navigate regulatory complexities, market the products efficiently, and manage financial aspects ensures a competitive edge in the industry.
- The company’s business model is customer-centric and order driven, and requires optimum utilisation of its existing resources, assuring quality supply and achieving consequent economies of scale.
Company Financials
| Particulars | Period Ended 31st Dec 2022 (₹ lakhs) | Year Ended 31st March, 2022 (₹ lakhs) | Year Ended 31st March, 2021 (₹ lakhs) |
|---|---|---|---|
| Revenue from Operations | 1236.85 | 8521.64 | 18016.73 |
| Profit After Tax (PAT) | 35.56 | 23.93 | 21.96 |
| EBITDA | 48.68 | 33.80 | 29.66 |
| Net Worth | 612.54 | 576.98 | 59.86 |
| Debt to Equity Ratio | 12.73 | 14.85 | 121.32 |
Know before investing
Strengths
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The company's promoters have a combined experience of over 25 years in sourcing, negotiating, procuring, and supplying organic and inorganic chemicals to the pharmaceutical industry. This experience provides them with deep insights into the market dynamics, customer needs, and industry trends. It enables them to effectively identify and seize growth opportunities.
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Citichem India stresses on and constantly strives to deal with only quality products procured from credible suppliers. As part of its quality management practice, the company only delivers products which have been quality certified.
Risks
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The majority of Citichem Limited’s revenues are dependent on a few customers and the loss of, or a significant reduction in purchases by such customers could adversely affect the financial performance of the business.
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The company’s business involves trading hazardous, corrosive and flammable industrial chemicals, which entails significant risks and could also result in enhanced obligations. Any accidents may result in loss of life or property and disrupt Citichem India’s operations which may have an adverse effect on the results of operation, cash flows and financial condition.
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Citichem India Ltd IPO FAQs
The Citichem India Ltd IPO is a fresh issue of 18,00,000 Equity Shares with a face value of ₹10 per share. The price band is yet to be announced.
The Basis of Allotment date is yet to be announced.
The lot size for Citichem India Ltd. is yet to be announced.
The IPO subscription window open date is yet to be announced.
Retail investors can apply for a minimum of one lot.
Citichem India Ltd. IPO will list on the NSE exchange. The date is yet to be announced.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Validate with an OTP.
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is yet to be announced, for Citichem India Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
The minimum order size for the Citichem India Limited IPO is yet to be announced.
