JG Chemicals’ IPO is a book-built issuance worth Rs 251.19 crores. The offering consists of a fresh issue of 0.75 crore shares valued at Rs 165.00 crores and an offer for sale of 0.39 crore shares valued at Rs 86.19 crores.
JG Chemicals’ initial public offering (IPO) will begin on March 5, 2024 and end on March 7, 2024. The allotment for JG Chemicals’ IPO is expected to be finalized on Monday, March 11, 2024. JG Chemicals’ IPO will list on the BSE and NSE, with a tentative listing date of Wednesday, March 13, 2024.
JG Chemicals’ IPO pricing band is Rs 210 to Rs 221 per share. The minimum lot size for an application is 67 shares. The minimum investment for retail investors is Rs 14,807. The minimum lot size investment for sNII is 14 lots (938 shares) worth ₹207,298, while for bNII, it is 68 lots (4,556 shares) for Rs 1,006,876.
JG Chemicals IPO Details
| IPO Date | March 5, 2024 to March 7, 2024 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price Band | Rs 210 to Rs 221 per share |
| Lot Size | 67 Shares |
| Total Issue Size | 11,366,063 shares (aggregating up to Rs 251.19 Cr) |
| Fresh Issue | 7,466,063 shares (aggregating up to Rs 165.00 Cr) |
| Offer for Sale | 3,900,000 shares of Rs 10 (aggregating up to Rs 86.19 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 31,720,000 |
| Share holding post issue | 39,186,063 |
JG Chemicals IPO Timeline
| IPO Open Date | Tuesday, March 5, 2024 |
| IPO Close Date | Thursday, March 7, 2024 |
| Basis of Allotment | Monday, March 11, 2024 |
| Initiation of Refunds | Tuesday, March 12, 2024 |
| Credit of Shares to Demat | Tuesday, March 12, 2024 |
| Listing Date | Wednesday, March 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 7, 2024 |
JG Chemicals IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 67 | Rs 14,807 |
| Retail (Max) | 13 | 871 | Rs 192,491 |
| S-HNI (Min) | 14 | 938 | Rs 207,298 |
| S-HNI (Max) | 67 | 4,489 | Rs 992,069 |
| B-HNI (Min) | 68 | 4,556 | Rs 1,006,876 |
