Another opportunity for investors

Citichem India IPO will open for subscription to investors from December 27, 2024 and will be available till December 31, 2024. The company aims to raise Rs 12.60 crore through this IPO.

Key Features of IPO

• Issue price: ₹70 per share.
• Type of IPO: Fixed Price.
• Issue Size: ₹12.60 crore.
• Listing Platform: BSE SME Platform.
• Listing date: 3 January 2025.

Lot size and investment details

• Retail Investors:
  • Can apply for minimum 1 lot.
  • 1 lot contains 2,000 shares.
  • Investment amount for 1 lot: ₹1,40,000.
• HNI Investors:
  • Can apply for minimum 2 lots.

Promoter’s stake

• Before IPO: 83.25%.
• Post-IPO: 61.21%.

Use of funds raised from IPO

CityChem India will use the IPO proceeds for the following purposes:

1. Property Acquisition and Capital Expenditure.
2. Purchase of transport vehicles and accessories.
3. General corporate purposes.

Share allotment and listing

• Share allotment date: 1 January 2025.
• Listing date: 3 January 2025.

Company Introduction

Citychem India Limited was established in 1992. This company deals in procurement and supply of organic and inorganic chemicals, bulk drugs and food chemicals for the pharmaceutical industry.

• Main business:
  • Direct supply of specialty chemicals and bulk drugs.
  • Distribution of food preservatives and chemicals.
• Brand Name:
  • The company sells products under its own brand.
• Employee Number:
  • As of June 30, 2024, the company has a total of 9 employees.

Important information for investment

CityChem India IPO can be a great opportunity for investors who are willing to invest in companies operating in the pharmaceutical and chemical sectors.

For more details visit the company’s Red Herring Prospectus (RHP) and official website.