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Citichem India Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Citichem India Ltd IPO

Registered Office: 7 Flr 1 Plot #.96 Dhram Jyoti,Kazi Sayed St Masjid Station , Mumbai - 400003 , Maharashtra , India.
Phone : +91 92232 78100   Fax:
Email :  cs@citichemindia.com  
Website :  www.citichemindia.com
Initial public issue of upto 18,00,000 equity shares of face value of (Rs)10 each of Citichem India Limited (the "Company" or the "Issuer") for cash at a price of (Rs)70/- per equity share including a share premium of (Rs)60/- per equity share (the "Issue Price") aggregating to (Rs)12.60 crores ("The Issue"), of which up to 92,000 equity shares for cash at a price of (Rs)70/- per equity share including a share premium of (Rs)60/- per equity share aggregating to (Rs)0.64 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 17,08,000 equity shares at a price of (Rs)70/- per equity share aggregating to (Rs)11.96 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.47% and 25.12% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10/- each and the issue price is 7 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
27-Dec-24 31-Dec-24 (Rs)70.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  (Rs Cr) Lead Managers to the Issue
Project Cost 11.09
Horizon Management Pvt Ltd
Project Financed through Current Offer 12.60  
Post Issue Equity Share Capital 6.80  
Issue Price (Rs)70.00  
 
Projects
Working capital requirementsGeneral Corporate Purposes
Purchase of Transportation Vehicles & Accessories
Promoted By
Arif Esmail Merchant  
Hashim Arif Merchant  
Fozia Arif Esmail Merchant  
Listing At
BSE - SME 
Registrar to the Issue
KFin Techologies Ltd