Market & News

graph-market IPO

Citichem India Ltd

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 70.00-0.00 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 70.00  

Projects

  • Working capital requirements
  • Purchase of Transportation Vehicles & Accessories
  • General Corporate Purposes

Promoted By

Arif Esmail Merchant

Hashim Arif Merchant

Fozia Arif Esmail Merchant

Listing At

BSE - SME

Registrar to the Issue

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