The Citichem India IPO review reveals an exciting investment opportunity. Priced at ₹70 per share, this IPO aims to raise ₹12.60 crores through the issuance of 18 lakh fresh equity shares. Opening today, December 27, 2024, and closing on December 31, 2024, investors can secure one lot of 2,000 shares for a minimum investment of ₹1,40,000. The shares are scheduled to list on the BSE SME platform on January 3, 2025.
Understanding the Citichem India IPO Listing Price
The Citichem India IPO listing price is set at ₹70 per share, with a Grey Market Premium (GMP) of ₹10 per share, showcasing strong investor interest. With a robust profit growth of 208% in FY2024, the IPO has garnered significant attention. Here’s why:
- Issue Size: ₹12.60 crores
- Shares Offered: 18 lakh equity shares
- Revenue: Declined by 6.4%, from ₹20.94 crore in FY2023 to ₹19.6 crore in FY2024
- Profit After Tax (PAT): Increased to ₹1.11 crore in FY2024 from ₹36 lakh in FY2023
The Citichem India IPO review suggests this pricing aligns with its strong fundamentals and potential for growth.
Important Dates: Citichem India IPO Listing Date and More
| Event | Date |
|---|---|
| IPO Opens | December 27, 2024 |
| IPO Closes | December 31, 2024 |
| Allotment Finalization | January 1, 2025 |
| Shares Credited | January 2, 2025 |
| Citichem India IPO Listing Date | January 3, 2025 |
Mark your calendar for the Citichem India IPO listing date to ensure you don’t miss out on this opportunity.
Comprehensive Citichem India IPO Review
The Citichem India IPO review emphasizes its well-defined fund allocation strategy:
- Capital Expenditure: Property acquisition for operational expansion.
- Logistics Enhancement: Purchase of vehicles to improve transportation.
- General Corporate Purposes: Strengthening overall operations.
- Issue Expenses: Ensuring smooth execution of the IPO process.
These initiatives highlight the company’s commitment to growth and operational efficiency.
Citichem India IPO Listing Price: A Promising Investment
The Citichem India IPO listing price of ₹70 per share reflects the company’s strategic positioning in the chemicals and bulk drug market. Operating across industries like pharmaceuticals, textiles, paints, and food processing, Citichem India has diversified its client base to reduce market risks.
Financial Highlights Supporting the Citichem India IPO Review
The Citichem India IPO review includes a breakdown of its financial performance:
- Revenue: ₹19.6 crore in FY2024
- Profit After Tax (PAT): ₹1.11 crore in FY2024, a 208% increase from ₹36 lakh in FY2023
- Grey Market Premium (GMP): ₹10 per share
These figures indicate that despite a 6.4% revenue dip, the company’s improved profitability demonstrates resilience and efficiency.
Why Citichem India IPO Listing Price Reflects Market Potential
The Citichem India IPO listing price is backed by positive sentiment in the Grey Market, making it a strong candidate for retail and institutional investors. A minimum investment of ₹1,40,000 ensures accessibility to retail investors while providing significant potential returns.
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Final Thoughts on the Citichem India IPO Review
The Citichem India IPO review highlights a company with strong fundamentals, promising profitability, and a well-thought-out growth strategy. With the Citichem India IPO listing date set for January 3, 2025, this is an opportunity worth exploring for both new and seasoned investors.
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