243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Citichem India Limited

Mumbai

Date of DRHP : 25 Jun 2024

Issue Type : Fixed Price Issue

IPO Type :
SME IPO

Citichem India Basic Details

   Chemical

Sub Sector: engaged in the buying, procuring, and supplying, of organic and inorganic chemicals

Exchange:
BSE Emerge

About the Company

Citichem India is mainly engaged in the buying, procuring, and supplying, of organic and inorganic chemicals, bulk drugs, and, food chemicals to pharmaceutical industry. The traded speciality chemicals and intermediates have a wide application in aluminium, steel, textiles, paper, dairy, paints, dyes & intermediates, soap making, pharma, food and adhesive Industry. Citichem India's  Company also supplies food preventives and chemicals under its own brand name which is thereafter converted into sales in their own books by the distribution team who ensures safe delivery of bulk supply. The said works are primarily sourced through Citichem India's  leased Registered Office located at 7, Floor 1, Plot No 96, Dhram Jyoti, Kazi Sayed Street, Khand Bazar, Masjid Station, Mandvi, Mumbai - 400003, Maharashtra, India. With the combined experience of Citichem India's  Promoters for over 25 years with their expertise in sourcing, negotiating, procuring, and supplying of organic, and inorganic chemicals to the pharmaceutical industry, and with the existing long-standing clientele, Citichem India's  Company aims to further expand, and diversify their procurement sources and achieve growth by multiplying the supply chain of the chemicals to the said industry. Citichem India's  Promoters have a clear vision about the strong growth prospects with a view of the expanding their market size in India year on year basis.

Financial Summary (Annualised Basis)

Revenue :
17.98 Cr.

PAT :
0.91 Cr.

Citichem India IPO Lead Manager(s)

Horizon Management Private Limited

Citichem India IPO Registrar

Kfin Technologies Limited

Citichem India DRHP Details

Objects of issue

  • For acquisition of land and construction of warehouse
  • For purchasing of Transportation Vehicles and accessories
  • For General Corporate Purposes
  • For meeting the Issue Expenses.

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FAQs

Citichem India operates in Chemical and engaged in the buying, procuring, and supplying, of organic and inorganic chemicals. The Issue would be listed on SME. The registrar of the Issue is Kfin Technologies Limited. The IPO type of Citichem India is Fixed Price Issue and Object of issue is

  • For acquisition of land and construction of warehouse
  • For purchasing of Transportation Vehicles and accessories
  • For General Corporate Purposes
  • For meeting the Issue Expenses.

The DRHP (Draft Red Herring Prospectus) of Citichem India IPO was filed on 25 Jun 2024.

No, Citichem India IPO is not yet listed. See other upcoming SME IPOs here.

The IPO open date and IPO close date of Citichem India are not available now. You can apply in Citichem India IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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