Citichem India Limited IPO Allotment Status: Check Allotment Status Online on BSE & Kfin Technologies

Checking the Allotment Status

Steps to Check Allotment Status on BSE

1. Head to the IPO allotment page on the BSE website here. 
2. Click on 'Equity' under the Issue Type dropdown menu. 
3. Select 'Citichem India Limited' under the company name. 
4. Enter your application number or PAN. 
5. Clear the 'Captcha' for verification purposes. 
6. Select the 'Search' option to view your allotment status.

Steps to Check Allotment Status on Kfin Technologies

1. Log on to the official website of Kfin Technologies here. 
2. Select any one of the five server links displayed on the screen. 
3. Select ‘Citichem India Limited’ from the list of companies. 
4. Enter your Application Number, Demat account number or PAN. 
5. Enter details based on your selection.
6. Clear Captcha to proceed. 
7. Click Submit to check the allotment status.

Citichem India Business Overview

Established in 1992, Citichem India Limited specializes in sourcing and supplying organic and inorganic chemicals, bulk drugs, and food chemicals, primarily catering to the pharmaceutical sector. The company emphasizes the direct distribution of speciality chemicals, bulk drugs, and intermediates, which find applications across a diverse range of industries, including aluminium, steel, textiles, paper, dairy, paints, dyes, soaps, pharmaceuticals, food, and adhesives. Additionally, Citichem markets food preservatives and chemicals under its proprietary brand, ensuring safe and efficient delivery of bulk orders through its dedicated distribution team. Its product portfolio features key items such as Caustic Soda Flakes, Caustic Soda Lye, Citric Acid Monohydrate, Hydrogen Peroxide, and other essential chemicals.

Business Divisions:

• Speciality Chemicals, Intermediates & Active Pharmaceutical Ingredients (APIs): Citichem India Limited excels in indenting, sourcing, custom outsourcing, and supplying speciality chemicals, bulk drugs, and APIs to clients in the pharmaceutical, paint, and food industries, both domestically and internationally.  
• Food Chemicals: The company manages the repackaging, retail distribution, and marketing of food-grade chemicals, ensuring quality and compliance.  
• Laboratory Chemicals: Citichem serves as a comprehensive solution provider for all types of laboratory chemicals, catering to diverse research and industrial needs.  

Citichem India IPO Day 3 Subscription Status 

(December 31, 2024, End of Day) 

On the third day of bidding, the Citichem India IPO achieved a subscription rate of 414.35 times the total shares available. The Non-Institutional Investors (NIIs) subscribed 277.88 times their allotted quota. The Retail Investors segment subscriptions reached 543.18 times their allocation.

Utilization of IPO Proceeds

The company plans to allocate the net proceeds from the fresh issue towards several objectives, including capital expenditure for acquiring property, purchasing transportation vehicles and accessories, meeting general corporate requirements, and covering issue-related expenses.

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.