Citichem India Ltd. makes a flat debut on the bourses with scrip got listed at Rs 70.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 70.00.

The company, which raised 0.18 Cr from initial public offering, was subscribed 401.26 times, receiving bids for 7,222.68 lakhs shares against the total issue size of 18.00 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Dec 27 to Dec 31.

Following a flat opening, the scrip touched an intraday high of Rs 70.00 and a low of Rs 66.50, before closing the session up by 2.45 per cent to its listing price at Rs 68.28 on the BSE.

The company anticipates using the proceeds of the issue for .

Horizon Management Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 79,223.11, down 720.60 points, or 0.90 per cent.