Citichem India Limited IPO has ₹30 Grey Market Premium as of December 26, 2024, with a price range of ₹ 70 per share. Offering lots of 2000 shares, the subscription window is open from December 27 to December 31, 2024.
Citichem India Limited IPO GMP Today
The Grey Market Premium (GMP) for Citichem India Limited is ₹30 as of December 26, 2024. This assessment coincides with a price of ₹ 70 per share for the IPO.
Citichem India Limited IPO Review
Citichem India Limited demonstrated strong profitability growth in FY2024, despite a 6.4% revenue decline from FY2023, hinting at potential market stagnation or decreased demand. Q1 FY2025 shows further revenue slowdown, raising concerns over future performance amidst challenging economic conditions.
Despite reduced revenue, FY2024 saw a significant rise in PAT and EPS, indicating improved profitability. However, a shrinking asset base and a decline in total assets in FY2025 point to possible operational scaling down, though reduced liabilities suggest better financial management and enhanced stability.
To get a full IPO review, click here Citichem India IPO
Citichem India Limited IPO Date
Citichem India Limited will start accepting subscriptions from December 27 to December 31, 2024.
Citichem India Limited IPO Price
Citichem India Limited’s price range is at ₹ 70 per share with a face value of ₹10 each.
Citichem India Limited
Citichem India Limited specializes in supplying organic and inorganic chemicals, bulk drugs, and food chemicals across various industries, including pharmaceuticals, textiles, and more. With over 25 years of expertise, the company is poised for expansion by diversifying procurement sources and scaling its supply chain to further support and grow its long-standing client relationships.
How To Apply For Citichem India Limited IPO?
To apply for the Citichem India Limited IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Citichem India Limited on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
You can apply for the Citichem India Limited IPO at Alice Blue in just a few clicks!
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.