The Rs 251.19 crore JG Chemicals IPO is a book-built issue. The issue consists of a new issuance of 0.75 crore shares, valued at Rs 165.00 crores, and an offer to sell 0.39 crore shares, valued at Rs 86.19 crores.
March 5, 2024 is when the JG Chemicals initial public offering (IPO) will open for subscriptions. It ends on March 7, 2024. On Monday, March 11, 2024, it is anticipated that the allocation for the JG Chemicals IPO would be completed. The proposed listing date for JG Chemicals IPO is Wednesday, March 13, 2024, and it will take place on the BSE and NSE.
The price range for JG Chemicals’ IPO is ₹210–₹221 per share. An application must have a minimum lot size of 67 shares. Retail investors are required to invest a minimum of ₹14,807. For both sNII and bNII, the minimum lot size investment is ₹207,298 for 14 lots (938 shares) and ₹1,006,876 for 68 lots (4,556 shares).
The book running lead managers of the JG Chemicals IPO are Centrum Capital Limited, Emkay Global Financial Services Ltd, and Keynote Financial Services Ltd. The registrar of the offering is Kfin Technologies Limited.
Here’s how you can check the allotment status of JG Chemicals Limited IPO:
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
You can also follow a similar procedure to check the allotment status on the Registrar’s website:
Step 1: Go to the Kfin Technologies Limited website.
Step 2: Select the IPO name by clicking on ‘Company Selection’.
Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.
If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on March 12, 2024.
Founded in 1975, JG Chemicals Limited uses the French method to produce zinc oxide. Over 80 different grades of zinc oxide are produced by the company.
Utilised in a wide range of industrial applications, zinc oxide finds usage in lubricants, specialty chemicals, agrochemicals and fertilisers, electronics and batteries, paints and coatings, pharmaceuticals and cosmetics, and animal feed.
The company runs three production plants in Naidupeta in the Nellore District of Andhra Pradesh, as well as Jangalpur and Belur near Kolkata, West Bengal. The largest facility, Naidupeta, is owned and run by its subsidiary, BDJ Oxides. Every production facility possesses ISO 9001:2015 accreditation, ISO 14001:2015 certification, and ISO 45001:2018 certification. Over 200 domestic and 50 foreign clients in more than ten countries have had their demands met by the business.
JG Chemicals Limited GMP
| Date | GMP |
| March 02, 2024 | ₹50 |
| March 01, 2024 | ₹60 |
| February 29, 2024 | ₹60 |
JG Chemicals’ most recent GMP, as of March 2, 2024, at 02:58 PM, is ₹50. The projected listing price for the JG Chemicals IPO is ₹271 (cap price + today’s GMP), with a price band of 221, 22.62% is the anticipated gain/loss per share.
