Citichem India Share Price

Citichem India Limited was incorporated as Citichem Alkalies (Bombay) Private Limited dated March 18, 1992 at Maharashtra. Further, Company was converted into public limited company and consequently name of Company was changed to Citichem Alkalies (Bombay) Limited dated March 23, 1999. Thereafter, the Company was further changed from Citichem Alkalies (Bombay) Limited to Citichem India Ltd pursuant to fresh certificate of incorporation dated April 17, 1999, issued by Registrar of Companies, Maharashtra.The Company is mainly engaged in the buying, procuring, and supplying, of organic and inorganic chemicals, bulk drugs, and, food chemicals to pharmaceutical industry. The traded speciality chemicals and intermediates have a wide application in aluminium, steel, textiles, paper, dairy, paints, dyes intermediates, soap making, pharma, food and adhesive Industry. The Company supplies food preventives and chemicals under its own brand which is thereafter converted into sales in their own books by the distribution team who ensures safe delivery of bulk supply. The Company focus in products suitable for and have wide applications in Textile Garments, Pharmaceuticals, Finished Formulations, Key Starting Materials for API, Bulk Drugs and Intermediates, Paints, Coatings, Food, Fragrance Perfumes, Pesticides and Agro Chemicals. With the combined experience of Promoters for over 25 years with their expertise in sourcing, negotiating, procuring, and supplying of organic, and inorganic chemicals to the pharmaceutical industry, the Company aims to expand, and diversify their procurement sources and achieve growth by multiplying the supply chain of the chemicals to the said industry.The Company is proposing an initial public issue of issuing upto 18,00,000 Equity shares through Fresh Issue.