J.G. Chemicals IPO: Zinc oxide maker raises ₹75.35 crore from anchor investors ahead of public issue

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₹75.35 crore from anchor investors ahead of its initial public offerings (IPO), which will open for subscription on Tuesday, March 5. The company informed the bourses that it allocated 34,09,818 equity shares at ₹221 per share on Monday, March 04, 2024, to four anchor investors.

"The IPO Committee of the Company at its meeting held on March 4, 2024, in consultation with the Selling Shareholders, Centrum Capital Limited, Emkay Global Financial Services Limited and Keynote Financials Services Limited ("the Book Running Lead Managers"). has finalized allocation of 34,09,818 Equity Shares, to Anchor Investors at Anchor Investor Allocation Price (which was decided by the Company in consultation with the Book Running Lead Managers) of & 221 per Equity Share (including share premium of & 211 per Equity Share)," J.G.

Chemical Ltd said in an exchange filing. Also read: JG Chemicals IPO to open tomorrow: GMP, issue details, 10 key things to know before investing to ₹251.19-crore issue Foreign and Domestic Institutions who participated in the anchor were Massachusetts Institute of Technology, Carnelian, Pinebridge and SBI General Insurance Company.

"Out of the total allocation of 34,09,818 Equity Shares to the Anchor Investors, Nil Equity Shares (i.e., Nil % of the total allocation to Anchor Investors) were allocated to Nil domestic mutual funds, which have applied through a total of Nil schemes," the company further added. Centrum Capital Limited, Emkay Global Financial Services Limited, and Keynote Financial Services Limited are the book running lead managers and KFin Technologies Limited is the registrar of the offer.

The equity shares are proposed to be listed on the BSE and NSE. The issueconsists of a fresh issue of equity