Citichem India
Listed
Listed
IPO Timeline
Issue open date
27 Dec 2024Issue close date
31 Dec 2024UPI mandate deadline
31 Dec 2024Allotment finalization
1 Jan 2025Refund initiation
2 Jan 2025Share credit
2 Jan 2025Listing date
3 Jan 2025Mandate end date
15 Jan 2025Lock-in end date for anchor investors (50%)
31 Jan 2025Lock-in end date for anchor investors (remaining)
1 Apr 2025Key Dates
Open
27 Dec 2024Close
31 Dec 2024Listing
3 Jan 2025Quick Stats
Issue Size:12cr
Lot Size:2000 shares
About the Company
Incorporated in 1992, Citichem India Limited specializes in procuring and supplying organic and inorganic chemicals, bulk drugs, and food chemicals primarily to the pharmaceutical industry. Its diverse portfolio caters to industries like aluminium, steel, textiles, dairy, paints, dyes, soaps, and adhesives. With over 25 years of promoter expertise, the company aims to expand its market presence and diversify procurement channels, leveraging its established clientele and growing demand for speciality chemicals.
Strengths
- 25+ years of experience in specialty chemicals.
- Diverse portfolio serving multiple industries.
- Strong client relationships ensure steady demand.
- Promoters excel in supply chain management.
Risks
- Reliance on leased facilities limits scalability.
- Vulnerable to raw material price fluctuations.
- Regulatory risks in chemicals and pharma.
- Legal issues may affect reputation and confidence.
Citichem India IPO – Frequently Asked Questions
- The price band for the Citichem India IPO is set at ₹70 to ₹70 per share.
- The Citichem India IPO opens on December 27, 2024 and closes on December 31, 2024.
- The tentative listing date for the Citichem India IPO is January 3, 2025.
- You can apply for the Citichem India IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Citichem India, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Citichem India IPO is 2000 shares. Investors must apply for at least one lot (i.e., 2000 shares).