Citichem India IPO GMP Live, Open Date, Price, Allotment Status

Citichem India IPO open date is on 27 December to 31 December 2024. This new IPO is a fixed price issue of Rs 12.60 crore. This upcoming IPO is entirely a fresh issue of Rs 18 lakh equity shares.

Citichem India IPO price band is Rs 70 per share. Citichem India IPO GMP live is 10 indicating mild bullish sentiment for this IPO among investors. Live IPO Grey Market Premium details are visible online.

Citichem India IPO lot size is 2000 shares. The IPO allotment status live is to be finalised on January 1, 2025. The minimum investment for the retail investors for 1 lot is expected to be Rs 1,40,000. The registrar for the Citichem India IPO is Kfin Technologies Limited. The listing date is January 3, 2024. 

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Citichem India IPO GMP Live 

Citichem India IPO GMP live is Rs 10 per share. The IPO GMP today indicates huge interest of retail investors. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription got oversubscribed then Citichem India IPO GMP might rise in the coming days. 

Citichem India IPO Price Band 

Citichem India IPO price band is Rs 70 per share. The minimum amount of investment for the retail category is expected to be around Rs 1,40,000. The minimum investment for the NII is Rs 2,80,000.  

Citichem India IPO Open Date, Close Date 

Citichem India IPO open date is 27 December 2024 and closing date is 31 December 2024. The initiation of the refund date is 2 January 2024, and the credit of shares will be on 2 January 2024. 

Citichem India IPO Allotment Status Live 

Citichem India IPO allotment status live will be finalised on 1 January 2024. The listing will be on the BSE SME platform on 3 January, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends. 

Citichem India IPO Listing Date 

Citichem India IPO's listing date will be on January 3, 2024. The Listing will be on the BSE SME platform. Retail investors can sell the shares after 10 AM on the listing day. 

Citichem India IPO: Listing Date, Lot Size, Price Band

Citichem India Limited: About the Company 

Citichem India Limited founded in 1972, is engaged in buying and supplying organic and inorganic chemicals, bulk drugs, and food chemicals to the pharmaceutical industry. Citichem India focuses on the direct supply of specialty chemicals, bulk drugs, and intermediate products. 

Citichem India trades in specialty chemicals and intermediates that have a range of applications across industries such as aluminum, steel, textiles, paper, dairy, paints etc.

The company also supplies food preservatives and chemicals under its brand name, which are then sold through its distribution team. 

Citichem India Limited has 3 business divisions: 1) Speciality chemicals, Intermediaries and active pharma ingredients. 2) Food Chemicals 3) Laboratory Chemicals.  

Citichem India IPO Objectives 

The funds raised from Citichem India IPO will be used for funding the capital expenditure for the acquisition of the property. Also for purchasing the transportation vehicles and accessories. The  remaining funds will be used for general corporate purposes and for meeting the issue expenses.   

Citichem India IPO: Key Dates, Allotment, Listing Date 

Citichem India IPO Subscription Status Live

Citichem India IPO subscription status will be available after the IPO opens on 27 December 2024. In the QIB category 75% of the net offer is reserved. The remaining 15% is reserved for the retail investors and 10% is for Non-Institutional investors. 

Citichem India IPO Promoter Holdings

Citichem India IPO promoters are Arif Esmail Merchant, Hashim Arif Merchant, Fozia Arif Esmail Merchant and Saima Hashim Merhant. The promoters' shareholdings before the IPO were 83.25%; however, after the IPO, shareholdings will decline to 61.21%.

Citichem India Limited Company Financials

Citichem India Limited posted revenue of Rs 1960.58 crore and net profit of Rs 111.83 crore for the period ending on 31 March 2024. The company’s revenue decreased by -6% and PAT increased by 208% between the FY ending on 31 March 2024 and 31 March 2023. 

Citichem India IPO Registrar

Citichem India IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Citichem India IPO Lead Managers

Citichem India IPO lead managers are Horizon Management Private Limited.

How to apply to Citichem India IPO 

Interested investors can apply to the Citichem India IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.  

Citichem India IPO Review 

Citichem India IPO may get a positive response from the general public. The company is involved in the chemical business. So, investors interested in the chemical sector can apply to this IPO. 

This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Citichem India IPO GMP live will also rise.  

Citichem India IPO FAQ 

1. What are the details of the Citichem India IPO? 

Citichem India IPO is a fixed price issue of Rs 12.60 crore. This upcoming IPO is entirely a fresh issue of Rs 18 lakh equity shares. 

2. When will the Citichem India IPO open and close? 

Citichem India IPO open date is 27 December 2024 and closing date is 31 December 2024. The initiation of the refund date is 2 January 2024, and the credit of shares will be on 2 January 2024. 

3. What is Citichem India IPO GMP Today?

Citichem India IPO GMP Today is Rs 10 per share. The IPO GMP today indicates huge interest of retail investors. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription got oversubscribed then Citichem India IPO GMP might rise in the coming days. 

4. What are the details of Citichem India IPO Subscription Status Live? 

Citichem India IPO subscription status will be available after the IPO opens on 27 December 2024. In the QIB category 75% of the net offer is reserved. The remaining 15% is reserved for the retail investors and 10% is for Non-Institutional investors. 

5. Write the details of the IPO Allotment Status Live?

Citichem India IPO allotment status live will be finalised on 1 January 2024. The listing will be on the BSE SME platform on 3 January, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends. 

6. Who is the registrar and lead managers for Citichem India IPO?

Citichem India IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. The lead managers are Horizon Management Private Limited.

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