Citichem India Limited IPO
Citichem India Limited IPO
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Following its successful public offering, Citichem India Limited's made its market debut on 03-01-2025 and is now actively traded on the BSEplatform. The IPO mobilized 18,00,000 Shares in total capital, including 18,00,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹70 to ₹70 and minimum investment lots of 2000 shares. Investor participation during the subscription window from 27-12-2024 to 31-12-2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on 01-01-2025, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Citichem India IPO About Company
Incorporated in 1992, Citichem India Limited supplies organic and inorganic chemicals, bulk drugs, and food chemicals, primarily serving the pharmaceutical industry. The company specializes in specialty chemicals, bulk drugs, and intermediates, catering to sectors such as aluminum, steel, textiles, paper, dairy, paints, dyes, soap, food, and adhesives. It also offers food preservatives and chemicals under its brand, ensuring safe and efficient bulk supply. Its product portfolio includes Caustic Soda Flakes, Caustic Soda Lye, Citric Acid Monohydrate, and Hydrogen Peroxide. As of June 30, 2024, the company employs 9 people.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Citichem India IPO Strength Factors
- Experienced Promoters and Management Team: Leadership with decades of industry experience ensures strategic growth and strong business relationships.
- Scalable Business Model: Diversified product range across multiple industries enables scalability and adaptability.
- Focus on Quality and Innovation: Commitment to high-quality products and innovation drives customer satisfaction and long-term success.
Citichem India IPO Risk Factors
- Outstanding Legal Proceedings: Ongoing cases against the company, promoters, and directors may harm reputation, operations, and financial stability.
- Regulatory Non-compliance: Delayed filings under the Companies Act, 2013, could lead to penalties or scrutiny.
- Customer Concentration: Heavy reliance on a few key customers increases vulnerability to revenue loss if any reduce or stop purchases.
Citichem India IPO Lead Manager(s)
- Horizon Management Private Limited
Citichem India IPO Promoter(s)
- Mr. Arif Esmail Merchant
- Mr. Hashim Arif Merchant
- Mrs. Fozia Arif Esmail Merchant
- Mrs. Saima Hashim Merhant
Citichem India IPO FAQs
Citichem India Limited IPO subscribed 410.58 times. The public issue subscribed 543.18 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 13, 2025 12:46:36 PM (Day 13).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Citichem India IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Citichem India IPO FAQs
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