JG Chemicals IPO: From financials to key risks, here are 10 things to know from RHP before subscribing

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BSE data. JG Chemicals had raised ₹75.35 crore from anchor investors on Monday, March 4. Issue opened for subscription on Tuesday, March 5, and will close on Thursday, March 7.

JG Chemicals IPO price band has been set in the range of ₹210 to ₹221 per equity share of the face value of ₹10. Investors can bid for a minimum of 67 equity shares and in multiples of 67 equity shares thereafter. It has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.

JG Chemicals IPO is a book built issue of ₹251.19 crores. The issue is a combination of fresh issue of 0.75 crore shares aggregating to ₹165.00 crores and offer for sale of 0.39 crore shares aggregating to ₹86.19 crores. The allotment for the JG Chemicals IPO is likely to be finalized on Monday, March 11, 2024.

JG Chemicals IPO will list on BSE, NSE and tentative listing date fixed is Wednesday, March 13, 2024. Also Read: JG Chemicals IPO: Issue oversubscribed on day 2 led by retail investors, NIIs; check GMP The selling shareholders in the Offer for sale component are Vision Projects & Finvest Private Ltd (offloading up to 2,028,900), Jayanti Commercial Limited (selling up to 1,100 equity shares), Suresh Kumar Jhunjhunwala (HUF) (selling up to 1,260,000 equity shares), and Anirudh Jhunjhunwala (HUF) (offloading up to 610,000 equity shares). The net proceeds form fresh issue of 0.75 crore shares aggregating to ₹165.00 crores will be used for the following purposes by the company: a) for investing in the Material Subsidiary, BDJ Oxides with an objective to repay or prepay all or some of the