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Citichem India IPO vs Technichem Organics IPO

Comparison between Citichem India IPO and Technichem Organics IPO.

IPO Details

Citichem India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Technichem Organics IPO is a SME Bookbuilding proposed to list at BSE SME.

 Citichem India IPOTechnichem Organics IPO
LogoCitichem India IPO LogoTechnichem Organics IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersHorizon Management Pvt.Ltd.Shreni Shares Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerAftertrade Broking Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Citichem India IPO is up to ₹11.96 Cr whereas the issue size of the Technichem Organics IPO is up to ₹23.86 Cr. The final issue price of Citichem India IPO is ₹70.00 per share and of Technichem Organics IPO is ₹55.00 per share.

 Citichem India IPOTechnichem Organics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹55.00 per share
Issue Price (Final)₹70.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size17,08,000 shares43,38,000 shares
Fresh Issue Size (Amount)up to ₹11.96 Crup to ₹23.86 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total17,08,000 shares43,38,000 shares
Issue Size Total (Amount)up to ₹11.96 Crup to ₹23.86 Cr

IPO Timetable

Citichem India IPO opens on Dec 27, 2024, while Technichem Organics IPO opens on Dec 31, 2024. The closing date of Citichem India IPO and Technichem Organics IPO is Dec 31, 2024, and Jan 02, 2025, respectively.

 Citichem India IPOTechnichem Organics IPO
Anchor Bid DateDec 30, 2024
Issue OpenDec 27, 2024Dec 31, 2024
Issue CloseDec 31, 2024Jan 02, 2025
Basis Of Allotment (Tentative)Jan 01, 2025Jan 03, 2025
Initiation of Refunds (Tentative)Jan 02, 2025Jan 06, 2025
Credit of Share (Tentative)Jan 02, 2025Jan 06, 2025
Listing date (Tentative)Jan 03, 2025Jan 07, 2025
Anchor Lockin End date 1Feb 02, 2025
Anchor Lockin End date 2Apr 03, 2025

Financials & KPIs

Citichem India IPO P/E ratio is 31.3, as compared to Technichem Organics IPO P/E ratio of 14.81.

 Citichem India IPOTechnichem Organics IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets68.5269.3379.7391.43
Total Income1.4919.6120.9485.28
Profit After Tax0.201.120.360.24
NET Worth7.457.256.135.77
Reserves and Surplus2.452.251.130.77
Total Borrowing1.081.081.101.11
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets57.4352.4744.2544.17
Total Income14.8846.9751.0267.79
Profit After Tax1.404.731.733.42
NET Worth21.0319.6214.8913.16
Reserves and Surplus8.2917.0712.3510.62
Total Borrowing16.5817.6415.6210.17
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.2597.64
Promoter Shareholding (Post-Issue)61.2171.77
P/E Ratio31.314.81
Market Cap₹47.60 Cr.₹95.27 Cr.
ROE15.4227.39
ROCE21.4722.57
Debt/Equity0.150.90
EPS₹2.24₹3.71
RoNW15.4224.09

Shares Offered

In the Citichem India IPO Retail Individual Investors (RII) are offered 8,54,000 shares while in Technichem Organics IPO retail investors are offered 8,54,000 shares. Qualified Institutional Buyers (QIB) are offered in Citichem India IPO and 8,68,000 shares in Technichem Organics IPO.

 Citichem India IPOTechnichem Organics IPO
Anchor Investor Reservation12,98,000 shares
Market Maker Reservation92,000 shares2,52,000 shares
QIB8,68,000 shares
NII8,54,000 shares6,52,000 shares
RII8,54,000 shares15,20,000 shares
Employee
Others
Total17,08,000 shares43,38,000 shares

Bids Received (Subscription)

Citichem India IPO subscribed 410.53x in total, whereas Technichem Organics IPO subscribed 297.89x.

 Citichem India IPOTechnichem Organics IPO
QIB (times)101.49x
NII (times)277.88x1,078.90x
Big NII (times)
Small NII (times)
RII (times)543.18x329.43x
Employee (times)
Other (times)
Total (times)410.53x297.89x

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Compare:

Citichem India IPO Vs Technichem Organics IPO