Specialty Chemicals/Zinc Oxide - Listed on 13 March 2024
JG Chemicals (Specialty Chemicals/Zinc Oxide) closed its IPO window in 2024 and listed on NSE and BSE on 13 March 2024 at an upper band issue price of Rs 221, opening at Rs 250 for a listing gain of +13.1% and closing day one at Rs 262.6 (+18.8% on closing basis). The IPO was subscribed 25.78x overall - QIB 20.58x, HNI/NII 34.24x, Retail 33.30x. The total issue size was Rs 423.56 Cr (Fresh Issue Rs 173 Cr, OFS Rs 250.56 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Specialty Chemicals/Zinc Oxide
JG Chemicals operates in the Specialty Chemicals/Zinc Oxide space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The JG Chemicals issue was offered at an upper price of Rs 221 and raised approximately Rs 423.56 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 50 | +11.31% |
| Day 2 | Rs 50 | +22.62% |
| Day 3 | Rs 50 | +33.94% |
| Day 4 | Rs 75 | +22.62% |
| Day 5 | Rs 50 | +29.41% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the JG Chemicals IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
JG Chemicals IPO listed at +13.1% versus the upper issue price of Rs 221 on 13 March 2024.
JG Chemicals IPO was subscribed 25.78x overall. QIB portion was subscribed 20.58x, HNI / NII 34.24x and Retail 33.30x.
IPO GMP started at Rs 50 on Day 1 and moved to Rs 50 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.