Citichem India Share Price Opens Flat at ₹70 on Listing Day

Citichem India IPO opened for subscription on December 27, 2024, and closed on December 31, 2024.

It was a fixed price issue of ₹12.60 crore. The issue was a fresh issue of 18.00 lakh shares. The Citichem India IPO price was set at ₹70 per share.

On Day 3 of subscription, December 31, as of 6:19 PM, Citichem India IPO was subscribed 414.35 times. NIIs subscribed 277.88x, and retail investors subscribed 543.18x.

The share allotment was finalised on Wednesday, January 1, 2025, and the shares were listed on BSE SME on January 3, 2025.

Citichem India Share Price

On the listing day, on the BSE, Citichem India share price opened at ₹70.00, the same as its issue price of ₹70.00. At 10:18 AM, the share price was trading at ₹69.80, down by 0.29% from its opening price of ₹70.00 and its issue price of ₹70.00. As of the same time, the stock touched its day’s low at ₹66.50. The company’s market cap was ₹47.46 crore.

About Citichem India Limited

Citichem India specialises in the procurement and supply of organic and inorganic chemicals, bulk drugs, and food chemicals for the pharmaceutical industry. The company’s traded speciality chemicals and intermediates find applications across various sectors, including aluminium, steel, textiles, paper, dairy, paints, dyes, soaps, pharmaceuticals, food, and adhesives. Additionally, the company markets food preservatives and chemicals under its own brand name, which are subsequently distributed and sold by its distribution team, ensuring the safe delivery of bulk supplies.

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