JG Chemicals IPO Listing Highlights: Shares list at 5.43% discount - Buy, Sell or Hold?
JG Chemicals IPO Listing Highlights, JG Chemicals Share Price NSE, BSE: Shares of zinc oxide manufacturer JG Chemicals made a tepid debut at Dalal Street on Wednesday as they got listed at Rs 209, a discount of 5.43 per cent, over its issue price of Rs 221 apiece on the NSE. Similarly, the stock settled at Rs 211 on the BSE, a discount of 4.52 per cent to the issue price.
Earlier, the initial public offer (IPO) of JG Chemicals was subscribed 27.78 times on the final day of bidding.
Follow Zee Business Highlights for all the latest updates on JG Chemicals share price listing on NSE, BSE:
JG Chemicals IPO Listing Highlights, JG Chemicals Share Price NSE, BSE: Shares of zinc oxide manufacturer JG Chemicals made a tepid debut at Dalal Street on Wednesday as they got listed at Rs 209, a discount of 5.43 per cent, over its issue price of Rs 221 apiece on the NSE. Similarly, the stock settled at Rs 211 on the BSE, a discount of 4.52 per cent to the issue price.
Earlier, the initial public offer (IPO) of JG Chemicals was subscribed 27.78 times on the final day of bidding.
Follow Zee Business Highlights for all the latest updates on JG Chemicals share price listing on NSE, BSE:
Latest Updates
JG Chemicals IPO Listing LIVE Updates, JG Chemicals Shares Price NSE, BSE: Price settles at 4.52% discount
In the pre-opening session, JG Chemicals shares settled at Rs 211 on the BSE, a discount of 4.52 per cent to the issue price of Rs 221.
JG Chemicals IPO Listing LIVE Updates, JG Chemicals Shares Price NSE, BSE: Price settles at 5.43% discount to issue price in pre-open market
In the pre-opening session, JG Chemicals shares settled at Rs 209 on the NSE, a discount of 5.43 per cent to the issue price of Rs 221.
JG Chemicals IPO Listing LIVE Updates, JG Chemicals Shares Price NSE, BSE: IPO price range of Rs 210-221
The zinc oxide manufacturer's initial public offer proposed a fresh issue of up to Rs 165 crore shares and an offer for sale of up to 39 lakh equity. The IPO was in a price range of Rs 210-221 a share.
JG Chemicals IPO Listing LIVE Updates, JG Chemicals Shares Price NSE, BSE: Buy, Sell or Hold?
Zee Business Managing Editor Anil Singhvi said that investors with long-term views must hold the shares of JG Chemicals after listing.
JG Chemicals IPO Listing LIVE Updates, JG Chemicals Shares Price NSE, BSE: Check stoploss by Anil Singhvi
Zee Business Managing Editor Anil Singhvi said that investors with a short-term view can hold the shares with a stoploss of Rs 210.
JG Chemicals IPO Listing LIVE Updates, JG Chemicals Shares Price NSE, BSE: Check Anil Singhvi's view
According to Zee Business Managing Editor Anil Singhvi, the listing is likely to be listed at around the issue price of Rs 221 or at some premium.
JG Chemicals IPO Listing LIVE Updates, JG Chemicals Shares Price NSE, BSE: NIIs received 46.32 times subscriptions
The portion for non-institutional investors received 46.32 times subscriptions while the quota for Qualified Institutional Buyers (QIBs) subscribed 32.09 times, and the category for retail individual investors (RIIs) attracted 17.43 times subscriptions.
JG Chemicals IPO Listing LIVE Updates, JG Chemicals Shares Price NSE, BSE: Non-institutional investors received 46.32 times subscriptions
The portion for non-institutional investors received 46.32 times subscriptions while the quota for Qualified Institutional Buyers (QIBs) subscribed 32.09 times, and the category for retail individual investors (RIIs) attracted 17.43 times subscriptions.
JG Chemicals IPO Listing LIVE Updates, JG Chemicals Shares Price NSE, BSE: IPO received bids for 22,69,11,245 shares
The Rs 251.2 crore IPO received bids for 22,69,11,245 shares against 81,68,714 shares on offer, according to data available with the NSE.
JG Chemicals IPO Listing LIVE Updates, JG Chemicals Shares Price NSE, BSE: IPO subscribed 27.78 times
The initial public offer (IPO) of JG Chemicals got an average response from investors and was subscribed 27.78 times on the final day.