JG Chemicals IPO Date, Price, GMP, Review, Details
JG Chemicals IPO: The IPO of JG Chemicals, the largest zinc oxide manufacturing company in the country, will open on March 5, 2024 and close on March 7, 2024. Let us now know about JG Chemicals IPO GMP, price band, Lot Size, allotment and Listing.
JG Chemicals IPO Details
If you too were thinking of investing in an IPO, then this is useful news for you. Next week another company is going to launch its shares in the stock market. The IPO of Zinc oxide manufacturing company JG Chemicals will open for subscription on Tuesday, March 5, 2024 and investors can place bets till Thursday, March 7, 2024. The same anchor investors can bid in this IPO from March 4.
| IPO Open Date | Tuesday,5 March 2024 |
| IPO Close Date | Thursday, March 72024 |
| Price Band | ₹210 to₹221 per share |
| Lot Size | 67 Share |
| Fresh Issue | 7,466,063 Share |
| Basis of Allotment | Monday, March 11 2024 |
| Listing Date | Wednesday, March 13 2024 |
| Face Value | ₹10 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
JG Chemicals IPO price band
The price band of JG Chemicals IPO was changed from Rs 210 to Rs 221 per share.
JG Chemicals Limited wants to raise Rs 251.19 crore through IPO. Out of this, new equity shares worth Rs 165 crore will be issued. Apart from this, offer for sale of 39 lakh shares worth up to Rs 86.2 crore will also be included. Under the offer for sale, Vision Projects and Finvest Private Limited, Sureshkumar Jhunjhunuwala, Anirudh Jhunjhunuwala and Jayanti Commercial Limited will sell equity shares.
JG Chemicals IPO Lot Size
The lot size of JG Chemicals Limited IPO is 67 shares. Retail investors will have to invest at least Rs 14,807. Whereas the minimum lot size investment for SNII is 14 lots, which amounts to Rs 207,298. And for BNII, it is 68 lots, amounting to 1,006,876.
JG Chemicals IPO Allotment
The allotment for JG Chemicals IPO is expected to be finalized on Monday, March 11, 2024. Centum Capital Ltd, Emkay Global Financial Services Ltd and Connaught Financial Services Ltd are the book running lead managers to the JG Chemicals IPO, while Caffeine Technologies Ltd is the registrar to the issue.
JG Chemicals IPO Listing
JG Chemicals IPO will be listed on BSE, NSE on Wednesday, March 13, 2024. Suresh Jhunjhunwala, Anirudh Jhunjhunwala and Anuj Jhunjhunwala are the promoters of the company. 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for high net individuals.
JG Chemicals IPO GMP
According to investorgain report, JG Chemicals IPO is trading at a premium of ₹60 in the gray market today. This means that investors can make a profit of 27.15% on the first day. According to this, the listing of IPO can be done at Rs 281.
About JG Chemicals Ltd
JG Chemicals Limited was started in 1975. JG Chemicals is the largest zinc oxide manufacturing company in the country. It is one of the 10 largest zinc oxide manufacturing companies worldwide. The company produces more than 80 great zinc oxides.
The produce is used in various industrial applications such as ceramic paints and coating, pharmaceuticals and cosmetics, electronics and batteries, agrochemicals and fertilizers, specialty chemicals, lubricants, oil and gas and animal feed.
Disclaimer
The information provided on Somu Max is not investment advice. Before investing in the share market, definitely consult your financial advisor.
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