Citichem India Ltd. has announced public offering of 1800000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 60.00 per share. The gross proceeds of the issue are expected to be Rs 1,260.00 lakhs.
The company's initial public offer (IPO) will open on 27 December 2024 and is expected to close on 31 December 2024, subject to customary closing conditions.
The IPO includes a fresh Issue of 1800000 Equity Shares of the Company at an price of Rs 70.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.
Citichem India Ltd. anticipates using the proceeds of the issue for .
Horizon Management Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.