Citichem India Ltd - IPO

Citichem India Ltd IPO Details

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.

Objective of issue

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

Citichem India Ltd Contact Details

Citichem India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@citichemindia.com

Website - www.citichemindia.com