Citichem India IPO is a fixed-price issue worth ₹12.60 crores. The entire issue consists of a fresh issue of 18.00 lakh shares.
The bidding for the Citichem India IPO opened on December 27, 2024, and will close on December 31, 2024. The allotment of shares is expected to be finalized on Wednesday, January 1, 2025. The IPO is scheduled to list on the BSE SME platform, with a tentative listing date set for Friday, January 3, 2025.
Citichem India operates in the chemicals sector, specifically focusing on the procurement, trading, and supply of organic and inorganic chemicals, bulk drugs, and food chemicals. Their products find applications across various industries, including pharmaceuticals, aluminum, steel, textiles, paper, dairy, paints, dyes, soap manufacturing, adhesives, and food production.
The IPO price is fixed at ₹70 per share. Investors must apply for a minimum lot size of 2,000 shares, requiring a minimum investment of ₹1,40,000 for retail investors. High Net-worth Individuals (HNIs) must invest in at least two lots, or 4,000 shares, amounting to ₹2,80,000.
Horizon Management Private Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited serves as the registrar. Aftertrade Broking Pvt Ltd is the market maker for the Citichem India IPO.
Citichem India IPO Details:
| Company Name | Citichem India IPO Limited |
| Sector | Chemicals |
| IPO Type | SME |
| IPO Open date | 27th Dec 2024 |
| IPO Close date | 31st Dec 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Citichem India IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,40,000 |
| HNI (Min) | 2 | 4000 | 2,80,000 |
Citichem India IPO Timeline:
| IPO Open Date | 27th Dec 2024 |
| IPO Close Date | 31st Dec 2024 |
| Basis of Allotment | 01st Jan 2025 |
| Refund Initiation Date | 02nd Jan 2025 |
| Shares Credit to Demat | 02nd Jan 2025 |
| Listing Date | 03rd Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Citichem India’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Chemicals Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Citichem India and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
