JG Chemicals, a prominent player in the zinc oxide industry, recently launched its Initial Public Offering (IPO). Here are the key details:
- Issue Price Band: The IPO price band is set at ₹210 to ₹221 per equity share.
- Anchor Investors: JG Chemicals raised ₹75.35 crore from anchor investors.
- Company Profile: JG Chemicals is India’s largest zinc oxide manufacturer, known for its strong financial performance.
JG Chemicals IPO Subscription Status
As of March 5, 2024, here’s how the subscription numbers stack up:
- Retail Investors: The retail category witnessed robust interest, with a subscription of 3.81 times.
- Qualified Institutions (QIB): The QIB portion was subscribed 0.02 times.
- Non-Institutional Buyers (NII): NII investors showed significant enthusiasm, subscribing 3.02 times.
- Big NII (bNII): Bids above ₹10 lakhs were at 2.26 times.
- Small NII (sNII): Bids below ₹10 lakhs were at an impressive 4.53 times.
| Subscription Status | Subscription Ratio |
|---|---|
| Retail Investors | 3.81 times |
| Qualified Institutions | 0.02 times |
| Non-Institutional Buyers | 3.02 times |
| Big NII (bNII) | 2.26 times |
| Small NII (sNII) | 4.53 times |
The JG Chemicals IPO was oversubscribed by 2.56 times.
