JG Chemicals IPO subscribed 27.78 times on final day: Check allotment date, other details

JG Chemicals IPO: The IPO of zinc oxide manufacturer JG Chemicals opened for subscription on Tuesday, March 5. The public issue of the company will be open for subscription for three trading days, i.e., until March 7 from 10 am to 5 pm.

JG Chemicals IPO is a book-built issue of Rs 251.19 crore and is a combination of a fresh issue of 0.75 crore shares aggregating to Rs 165 crore and an offer for sale (OFS) of 0.39 crore shares aggregating to Rs 86.19 crore.

Here are some important things to know about the JG Chemicals IP:

JG Chemicals IPO subscription status

According to provisional exchange data, JG Chemicals IPO's share sale received bids for 22,69,66,453 shares against 81,68,714 shares on offer, translating into a subscription of 27.78 times on Thursday, the third day of the bidding process.

JG Chemicals IPO allotment date

The basis of the allotment of shares under the IPO of JG Chemicals is set to be finalised on March 11.

JG Chemicals IPO listing date

The JG Chemicals IPO stock is likely to be listed in the secondary market on March 13. The stock will be traded on the bourses, BSE and NSE.

JG Chemicals IPO lot size, JG Chemicals IPO price band

JG Chemicals IPO price band is set at Rs 210 to Rs 221 per share. The minimum lot size for an application is 67 shares. The minimum amount of investment required by retail investors is Rs 14,807.

JG Chemicals IPO: Book-running lead managers

Centrum Capital, Emkay Global Financial Services, and Keynote Financial Services are the book-running lead managers of the public issue, while Kfin Technologies Limited is the registrar.

What does JG Chemicals do?

Founded in 1975, JG Chemicals is a zinc oxide manufacturer using the French process. The company claims that it produces more than 80 grades of zinc oxide.

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