Citichem IPO Allotment Status

Citichem India Limited primarily supplies organic and inorganic chemicals, bulk drugs, and food chemicals to the pharmaceutical industry. This IPO aims to support the company's expansion through capital expenditure and working capital requirements.

Citichem India Limited launched its IPO with a total issue size of ₹12.60 crore, comprising a fresh issue of 18.00 lakh equity shares. The IPO opened on December 27, 2024, and closed on December 31, 2024. The allotment date for the Citichem India IPO is Wednesday, January 1, 2025.

Steps to Check Citichem India IPO Allotment Status on Registrar Site

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• Visit the Kfin Technologies Limited website.
• Select "Citichem India IPO" from the dropdown menu.
• Enter your PAN ID, Demat Account Number, or Application Number.
• Complete the captcha verification and click "Submit."

Steps to Check Citichem India IPO Allotment Status on BSE SME

• Visit the BSE SME IPO Allotment Page.
• Select "Citichem India IPO" from the dropdown menu.
• Enter your Application Number and PAN ID.
• Confirm captcha and click "Search."

Citichem India IPO Subscription Status

The Citichem India IPO received an overwhelming response, being subscribed 414.35 times overall. Below is the category-wise subscription breakdown as of December 31, 2024, 6:19:08 PM:

Retail Category: 543.18 times
Qualified Institutional Buyers (QIB): Data unavailable
Non-Institutional Investors (NII): 277.88 times

As of December 31, 2024, 6:19:08 PM

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilised as follows:

• Capital Expenditure: Acquisition of property and setup for transportation infrastructure.
• General Corporate Purposes: Supporting business operations.
• IPO Expenses: Meeting related costs.

Citichem India IPO - Listing Details

The shares of Citichem India Limited are scheduled to list on the BSE SME platform on Friday, January 3, 2025. The IPO was a fixed price issue with an offer price of ₹70 per share, and the allotment was finalized on Wednesday, January 1, 2025. The IPO saw significant demand, with an overall subscription of 414.35 times. The listing marks an important milestone for Citichem India Limited, providing a platform for growth and visibility in the public market while helping the company achieve its strategic objectives. Investors can anticipate the shares trading under the SME category starting January 3, 2025.