JG Chemicals sets Rs 210-221 price band for Rs 251- crore IPO
29 February 2024
Zinc oxide manufacturer JG Chemicals Ltd has set the price band at Rs 210-221 a share for its public offer opening for subscription on March 5. The anchor bidding will be open on March 4 and the issue will close on 7th. Basis of allotment will be on March 11 and shares will be credited to demat account on 12th. The shares will be listed on exchanges on March 13. The IPO, which is a mix of fresh shares of Rs 165 crore by the company and an offer-for-sale (OFS) of 39 lakh equity shares by promoters. On the upper band price, the total issue size of the IPO will be Rs 251.19 crore and the post-issue market capital of the company is estimated at Rs 860 crore.
Zinc oxide manufacturer JG Chemicals Ltd has set the price band at Rs 210-221 a share for its public offer opening for subscription on March 5. The anchor bidding will be open on March 4 and the issue will close on 7th. Basis of allotment will be on March 11 and shares will be credited to demat account on 12th. The shares will be listed on exchanges on March 13. The IPO, which is a mix of fresh shares of Rs 165 crore by the company and an offer-for-sale (OFS) of 39 lakh equity shares by promoters. On the upper band price, the total issue size of the IPO will be Rs 251.19 crore and the post-issue market capital of the company is estimated at Rs 860 crore.
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