Citichem India Ltd Share Price

(544324)

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 1800000 Equity shares through Fresh Issue..