Minimum Investment
| Minimum Investment (Retail) | Lots (min) | Shares (QTY) |
| ₹1,40,000 | 1 | 2000 |
About Citichem India Limited
Incorporated in 1992, Citichem India Limited is engaged in buying and supplying organic and inorganic chemicals, bulk drugs, and food chemicals to the the pharmaceutical industry.
The company focuses on the direct supply of specialty chemicals, bulk drugs, and intermediate products.
It trades in specialty chemicals and intermediates that have a wide range of applications across industries such as aluminum, steel, textiles, paper, dairy, paints, dyes and intermediates, soap making, pharmaceuticals, food, and adhesives.
The company also supplies food preservatives and chemicals under its brand name, which are then sold through its distribution team, ensuring the safe delivery of bulk supplies.
The company supplies products such as Caustic Soda Flakes, Caustic Soda Lye, Citric Acid Monohydrate, Hydrogen Peroxide, and more.
Business division:
- Specialty Chemicals, Intermediates & Active Pharmaceutical Ingredients (API): The company specializes in indenting, sourcing, make-to-order outsourcing, and supplying specialty chemicals, bulk drugs, and APIs to domestic and international clients in the pharmaceutical, paint, and food industries.
- Food Chemicals: The company handles the repackaging, retail distribution, and marketing of food chemicals.
- Laboratory Chemicals: The company offers a one-stop solution for all types of laboratory chemicals.
As of June 30, 2024, The company has 9 employees.
Competitive Strengths:
- Experienced Promoters and management team
- Scalable Business Model
- Focus on quality and innovation
- Location Advantage
- Cordial Relationships with Suppliers &Customers
- Dedicated after-sales network
Citichem India IPO Details
| IPO Date | December 27, 2024 to December 31, 2024 |
| Face Value | ₹10 per share |
| Price | ₹ 70 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 18,00,000 shares (aggregating up to ₹12.60 Cr) |
| Fresh Issue | 18,00,000 shares (aggregating up to ₹ 12.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,00,000 shares |
| IPO Open Date | Friday, December 27, 2024 |
| IPO Close Date | Tuesday, December 31, 2024 |
| Basis of Allotment | Wednesday, January 1, 2025 |
| Initiation of Refunds | Thursday, January 2, 2025 |
| Credit of Shares to Demat | Thursday, January 2, 2025 |
| Listing Date | Friday, January 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 31, 2024 |
Citichem India IPO Prospectus
Citichem India Limited Contact Details
Address: 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/