1.Citichem India Ltd IPO
NOTE – Important dates have not yet been introduced. It will be announced soon.
Buying, obtaining, and distributing organic and inorganic chemicals, bulk pharmaceuticals, and food chemicals to the pharmaceutical industry are the main activities of Citichem India Limited. Additionally, they deal in specialty chemicals and intermediates that find extensive use in a variety of industries, including those that produce aluminum, steel, textiles, paper, dairy, paints, dyes, and intermediates, soap, pharma, food, and adhesives. Under its own brand, the business also sells chemicals and food protectors. Dates for the IPO of Citchem India Limited have not yet been made public.We can trust as it establish (32 years of industrial Chemical).FOR MORE INFORMATION CLICK HERE.Citichem is a financially good company that has a good climate to work in. The company also has a significant network of business aboard also.Citichem is a financially good company that has a good climate to work in. The company also has a significant network of business aboard also.It also has good financial status to invest in but with proper strategy.
1.1Citichem India Ltd IPO Details
The initial public offering (IPO) of Citichem India Limited is a 100% new issue of 18,00,000 equity shares having a face value of 10. The date of the IPO’s listing on the NSE exchange has not yet been made public.
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2.AIM OF Citichem India Ltd IPO.
~To meet the need for working capital.
~Purchase of automobiles and related accessories for transportation.
~For all-purpose corporate uses.
~To cover issue costs.
2.1.Competitors Of Citichem India Ltd IPO.
The comparable firms operating in the same industry as Vinyl Chemicals Limited and Shankar Lal Rampal DyeChem Limited are listed in India.
3.Key Factors of Citichem India Ltd IPO.
~The company’s business model, which is customer-centric and order-driven, calls for the best possible use of its current resources in order to ensure quality supply and achieve scale economies.
~Textile, plastic, and pharmaceutical sectors, among others, employ the goods made by Citichem India, a top producer of industrial chemicals and colors.
3.1 Company Financial Of Citichem India Ltd IPO.
PARTICULAR | Year Ended 31st March, 2021 (₹ lakhs) | Period Ended 31st Dec 2022 (₹ lakhs) | Year Ended 31st March, 2022 (₹ lakhs) |
Profit After tax (PAT) | 21.96 | 35.56 | 23.93 |
EBITDA | 29.66 | 48.68 | 33.80 |
Revenue From Operations | 18016.73 | 1236.85 | 8521.64 |
Net Worth | 59.86 | 612.54 | 576.98 |
Debt To Equity Ratio | 121.32 | 12.73 | 14.85 |
3.2 Pros and Cons Of Citichem India Ltd IPO.
Pros.
~ 30+ years of experience
~ focuses on the quality of products
~ One of the leading company in chemical industries.
cons.
~Revenues are reliant on a small number of clients.
~Trading dangerous, caustic, and combustible industrial chemicals is the company’s primary line of business, which carries substantial risks and may also result in Financial flow and cash flow.
4. Important points of Citichem India Ltd IPO.
Before making an investment in the IPO, keep the following points in mind:
~Customer-centric and order-driven, Citichem Limited’s scalable business strategy necessitates the best possible use of the organization’s current resources. This guarantees a high-quality supply and brings about corresponding economies of scale.
~The promoters also have a distinct vision for the company’s future growth, intending to increase and diversify their sources of supply. The combination of this vision and its market knowledge positions Citichem India Limited for sustained success in the sector.
The company, the promoter, and the directors are the subject of pending legal actions. Any unfavorable conclusion in such proceedings could have a detrimental effect on the company’s finances, operations, results of operations, reputation, and cash flows. Company is focused on its product to deliver quality product.
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FAQ's
The date of Allotment is yet to be announced.
Retail Investor can apply minimum for one lot.
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