Today, March 5, is the opening date for subscriptions to JG Chemicals' IPO. The initial public offering (IPO) is scheduled to conclude on March 7th, with a price range of ₹210 to ₹221 per equity share, with a face value of ₹10. The date of the allocation to anchor investors was March 4. The ₹251.19 crore IPO consists of an offer-for-sale (OFS) of up to 3,900,000 equity shares and a fresh issue of ₹165 crore.
Details of the JG Chemicals IPO, including lot size
67 equity shares make up the IPO lot size, and afterward, there will be multiples of 67 equity shares. A minimum of 15% of the shares in the public offering are designated for non-institutional institutional investors (NII), no less than 50% of the shares are reserved for qualified institutional buyers (QIB), and no fewer than 35% of the offer is intended for retail investors.
JG Chemicals IPO: Allotment date
The shares allocated for the JG Chemicals IPO will probably be finalized on March 11. On March 12, shares will also be credited to the allottees' demat accounts, and refunds will begin on that day.
JG Chemicals IPO: The goals of the company
The net proceeds of the offering will be utilized to fund the establishment of a research and development center in Naidupeta, investments in the material subsidiary BDJ Oxides, repayment of associated debts, and working capital requirements of the business.
The net proceeds of the offering will be utilized to fund the establishment of a research and development center in Naidupeta, investments in the material subsidiary BDJ Oxides, repayment of associated debts, and working capital requirements of the business.
Book running lead managers for JG Chemicals' IPO
Centrum Capital Limited, Emkay Global Financial Services Ltd., and Keynote Financial Services Ltd. are the book-running lead managers of the JG Chemicals IPO, and Kfin Technologies Limited is the registrar.
Centrum Capital Limited, Emkay Global Financial Services Ltd., and Keynote Financial Services Ltd. are the book-running lead managers of the JG Chemicals IPO, and Kfin Technologies Limited is the registrar.
IPO GMP for JG Chemicals
According to investorgain.com, the JG Chemicals IPO gray market premium is +50, meaning that the share price was trading at a premium of ₹50 in the grey market.
According to investorgain.com, the JG Chemicals IPO gray market premium is +50, meaning that the share price was trading at a premium of ₹50 in the grey market.