JG Chemicals IPO
Specialty Chemicals/Zinc Oxide - Listed on 13 March 2024
JG Chemicals IPO listing summary
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.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
JG Chemicals IPO GMP history
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% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
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 - FAQs
What was the listing gain of JG Chemicals IPO?
JG Chemicals IPO listed at +13.1% versus the upper issue price of Rs 221 on 13 March 2024.
How many times was JG Chemicals IPO subscribed?
JG Chemicals IPO was subscribed 25.78x overall. QIB portion was subscribed 20.58x, HNI / NII 34.24x and Retail 33.30x.
What was the IPO GMP for JG Chemicals?
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.