J.G.Chemicals Limited

JG Chemicals Limited is coming up with its initial public offering. This significant IPO is open for subscription from Tuesday, March 5, 2024, and will close on Thursday, March 7, 2024. The price band for this IPO is set at Rs 210 to Rs 221 per share. The minimum lot size of this application for the retail category is 67 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 938 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 4556 shares. The minimum investment required for retail category investors is Rs 14,807 ( 221 x 67 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,07,298 ( 221 x 938 shares); for big non-institutional investors, it is Rs 10,06,876 (221 x 4556 shares). JG Chemicals Limited IPO is a book-built issue of Rs 252.19 crore. The issue is a combination of a fresh issue and an offer for sale. The fresh issue is of 0.75 crore equity shares amounting to Rs 165 crore and OFS of 0.39 crore shares amounting to Rs 86.19 crores. The allotment for this IPO is expected to be finalized on Thursday, March 7, 2024. JG Chemicals Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, March 13, 2024. The book-running lead managers of JG Chemicals Limited are Centrum Capital Limited, Keynote Financial Services, and Emkay Global Financial Services Limited. The registrar for this IPO is Kfin Technologies Limited.