Citichem India IPO - Day 3 Subscription at 272.84 Times

Citichem India’s initial public offering (IPO) has witnessed extraordinary investor interest over its subscription period. By 12:49 PM on Day 3 (December 31, 2024), the IPO had been subscribed 272.84 times overall, reflecting robust demand across all investor categories.

Citichem India IPO, which opened on December 27, 2024, has seen an overwhelming response from retail investors, with a subscription rate of 395.3 times. Non-Institutional Investors (NII) also demonstrated strong enthusiasm, subscribing 147.93 times. The Market Maker portion achieved full subscription at 1 time.

This enthusiastic response underscores growing confidence in Citichem India’s growth story and its potential in the chemical and pharmaceutical industries.

Subscription Status of Citichem India IPO:

Detailed Subscription Analysis as of Day 3 (December 31, 2024, 12:49 PM):

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The Market Maker portion is not included in the NII category.

Citichem India IPO Key Highlights - Day 3:

• Overall subscription surged to 272.84 times.
• Retail investors led the demand with a remarkable 395.3 times subscription.
• NII category achieved 147.93 times subscription.
• Total bids worth ₹3,262.03 crores were received.
• Applications reached 2,02,207, indicating widespread interest.
• Day 3 underscored strong investor confidence in Citichem India’s potential.

Citichem India IPO - Day 2 Subscription at 176.57 Times

Key Highlights - Day 2:

Overall subscription grew significantly to 176.57 times.
Retail investors demonstrated strong demand, subscribing 266.29 times.
NII category progressed with 86.42 times subscription.
The market displayed heightened momentum, with broad-based participation.
Retail and NII segments continued to drive subscription numbers.

Citichem India IPO - Day 1 Subscription at 27.28 Times

Key Highlights - Day 1:

• Overall subscription opened strong at 27.28 times.
• Retail investors showed early enthusiasm with 46.12 times subscription.
• NII category began with a solid 8.43 times subscription.
• Initial response reflected strong market confidence in Citichem India.
• Day 1 set the tone for an exceptional subscription trajectory.

About Citichem India Limited

Incorporated in 1992, Citichem India Limited primarily supplies organic and inorganic chemicals, bulk drugs, and food chemicals to the pharmaceutical industry. The company operates through three key business divisions:

• Specialty Chemicals, Intermediates, & APIs: Supplying bulk drugs, specialty chemicals, and APIs to clients in the pharmaceutical, paint, and food industries.
• Food Chemicals: Handling repackaging, retail distribution, and marketing of food chemicals.
• Laboratory Chemicals: Providing a one-stop solution for laboratory chemical needs.

Citichem’s diverse product portfolio includes Caustic Soda Flakes, Citric Acid Monohydrate, Hydrogen Peroxide, and other essential chemicals. The company has established a robust distribution network, ensuring efficient delivery across various industries such as steel, textiles, pharmaceuticals, and adhesives.

Despite a 6% decline in revenue between FY2023 and FY2024, the company achieved a significant 208% rise in Profit After Tax (PAT), highlighting operational improvements and cost efficiencies.

Highlights of the Citichem India IPO:

• IPO Type: Fixed Price Issue IPO
• IPO Size: ₹12.60 crores
• Fresh Issue: 18,00,000 shares (₹12.60 crores)
• Price: ₹70 per share
• Face Value: ₹10 per share
• Lot Size: 2,000 shares
• Minimum Investment Retail Investors: ₹1,40,000 (1 lot)
• Minimum Investment HNI Investors: ₹2,80,000 (2 lots)
• Listing at: BSE SME
• IPO Open Date: December 27, 2024
• IPO Close Date: December 31, 2024
• Allotment Date: January 1, 2025
• Refund Initiation: January 2, 2025
• Credit of Shares: January 2, 2025
• Listing Date: January 3, 2025
• Lead Manager: Horizon Management Private Limited
• Registrar: Kfin Technologies Limited
• Market Maker: Aftertrade Broking Pvt Ltd