The Citichem India IPO is an upcoming SME IPO that opens on 27th December 2024 and closes on 31st December 2024. With a price of Rs. 70 per share, the IPO aims to raise Rs. 12.60 crore through a fresh issue of 18 lakh shares. The listing is scheduled for 3rd January 2025 on the BSE SME platform.

What is Citichem India?

Incorporated in 1992, Citichem India Limited is engaged in specialty chemicals, food chemicals, and active pharmaceutical ingredients (APIs). The company supplies to industries such as pharmaceuticals, textiles, paints, and food. Its operations include sourcing, packaging, and retail distribution of products like Caustic Soda Flakes, Hydrogen Peroxide, and Citric Acid.

Citichem India IPO GMP Today

As of now, Citichem India IPO GMP (Grey Market Premium) hasn’t been recorded. Investors are advised to stay updated as the GMP indicates market sentiment before the listing.

Financial Performance

The company's PAT (Profit After Tax) grew by 208% in FY 2024, showing a strong performance despite a slight drop in revenue. The P/E ratio of 31.25x is comparatively lower than the industry average of 60.82x, making it attractive for valuation-conscious investors.

Conclusion

The Citichem India IPO offers potential due to its robust business model and undervaluation compared to peers. However, investors should carefully evaluate its financials and industry trends before investing.