Citichem India IPO Updates: Citichem India IPO is listed at a 0% premium, means IPO Listed on NSE at ₹70 same as IPO Price.  

Citichem India IPO subscribed overall 414.35 times on the last day, a retail quota was subscribed over 543.18 times, and NII was subscribed over 277.88 times respectively. 

Details About Citichem India IPO

Citichem India got approval from SEBI for an IPO of ₹12.60 crores via IPO that comprises a fresh issue of ₹12.60 crores and offer for sale up to [.] equity shares with a face value of ₹10. Moreover, the company has set up a price band between ₹70 per share.

In this IPO 2,000 shares were in 1 lot size for retail minimum and maximum category. Moreover, 4000 shares were in 2 lot sizes for the S-HNI category.

 To invest in this IPO, each investor category has specific investment amounts:

• Retail Investors: Minimum and maximum investment of ₹1,40,000. 
• SHNI (S-HNI): Minimum investment of ₹2,80,000.

Citichem India IPO’s Subscription duration

This IPO’s subscription started on December 27, 2024, and closed on December 31, 2024. The Citichem India IPO’s allotment date was January 1, 2025, and they received a refund on January 2, 2025. The listing of this IPO is on January 3, 2025. 

Funds Deployment of This IPO 

• For Capital expenditure for the acquisition of Property and  purchasing of Transportation Vehicles and accessories
• For General Corporate Purposes. 
• To meet the Issue Expenses.

About Citichem India Company

After being formed in 1992, Citichem India Limited began supplying the pharmaceutical industry with bulk medications, food chemicals, and organic and inorganic chemicals. Additionally, it ships intermediate products, bulk medications, and specialized chemicals directly. It is noticeable that this company also sells food preservatives and chemicals under its brand and makes sure of safety in delivering orders and accurate records of sales. It offers a comprehensive range of laboratory chemicals, acting as a full-service provider for research and analytical needs. Additionally, the company specializes in ordering, sourcing, custom manufacturing, and supplying specialty chemicals, bulk drugs, and APIs. These products cater to the pharmaceutical, paint, and food industries, both within India and internationally.