Citichem India plans Rs 12.6 crore IPO launch on December 27

Citichem India will launch its initial public offering (IPO) on December 27, aiming to raise Rs 12.6 crore by issuing 18 lakh equity shares at Rs 70 each. The IPO will close on December 31. The funds will be used for property acquisition, vehicle purchases, and corporate expenses. The lot size for the IPO is set at 2,000 shares, with allocations for non-institutional and retail investors. Horizon Management is the lead manager for the IPO, while Kfin Technologies will serve as the registrar. Citichem India specializes in the supply of chemicals and has over 25 years of experience in the industry.