JG Chemicals IPO final bid day today: Check GMP, subscription, review, critical dates, etc. Would you subscribe?

JG Chemicals IPO

Along with the opening of the registration period for the initial public offering (IPO) of JG Chemicals, which began on Tuesday, March 5, the beginning of the subscription period also coincided with the beginning of the registration period. The deadline for individuals who are interested in subscribing to the issue is today, Thursday, March 7, and they have until today to submit their bids. The deadline is today. People can submit their bids on the same day that they are submitting their bids. Over the two days that the issue has been available for subscription, there has been a significant amount of interest indicated by individual investors as well as investors who are not linked with institutions in response to the offer.

The offer has been met with this level of interest, which has been indicated. On the second day of the sale, the subscription status for the initial public offering (IPO) of JG Chemicals was 6.40 times, according to the numbers that were reported by the National Stock Exchange (BSE). The British Stock Exchange was the source of this information.

When it comes to the acquisition of the products, there were a total of 8.32 occasions in which the regular investor’s element was subscribed to, 9.64 instances in which the Non-Institutional Investors (NII) portion was booked, and 45% of the Qualified Institutional Buyers (QIB) component was booked. During the first day of the initial public offering (IPO) that JG Chemicals carried out, the quantity of subscriptions that were received was 2.47 times the quantity that was anticipated to be received.

Not less than thirty-five percent of the offer has been reserved for retail investors, not less than fifteen percent has been reserved for non-institutional institutional investors (NII), and not less than fifty percent of the shares in the public offering have been reserved for qualified institutional buyers (QIB).

JG Chemicals has devised a pricing band for its initial public offering (IPO), which is the initial public selling of the company. This pricing band falls within the range of ₹210 to ₹221 per equity share. Every single share has a face value of ₹10, and the pricing band for the initial public offering (IPO) has been adjusted to reflect this value.

Additional bids can be submitted in multiples of 67 equity shares, andforr investors to place a bid, they are required to hold a minimum of 67 stock shares in their possession. Multiples of 67 stock shares are the maximum number of additional bids that can be submitted. On Monday, March 4, JG Chemicals was successful in raising 75.35 crore from anchor investors. This was accomplished. It was during the daytime hours when this was completed.

In the Red Herring Prospectus (RHP), it is stated that JG Chemicals is the most successful zinc oxide company in India. This information was obtained from the company. This is true not just in terms of the quantity of zinc oxide that it produces, but also in terms of the amount of money that is made as a result of this process.

The company, which is listed among the top ten producers of zinc oxides in the world, distributes more than eighty various grades of zinc oxide. The company is also ranked among the top sellers of zinc oxides. Additionally, the corporation is in charge of the distribution of zinc oxide from its location.

The company’s listed competitors are Rajratan Global Wire Ltd (with a price-to-earnings ratio of 33.43), NOCIL Ltd (with a price-to-earnings ratio of 30.97), and Yasho Industries Ltd (with a price-to-earnings ratio of 30.03), according to the RHP.

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