March 07 is the last date to apply for JG Chemicals’ IPO. The company is the biggest manufacturer of zinc oxide in the country when it comes to production and sales. The company is famous for producing zinc oxide through the French process, which is a widely accepted practice to manufacture zinc oxide across the globe. Zinc oxide is used in a variety of industries including rubber, ceramics, paints, and pharmaceuticals among others.
Here are 10 things to know about JG Chemicals IPO:
Shares offered: The company is offering 11.4 million shares to the investors, which is a combination of offer for sale and fresh issue. The company has 7.5 million shares for fresh issue and offer for sale of 3.9 million.
IPO size: The company will collect Rs 251.19 crore from the investors.
Price band: The company has set a price band of Rs 201-221 per equity share with a face value of Rs 10.
Listing: The company’s shares will be listed on both BSE and NSE and are expected to hit D-Street by March 13.
Minimum investment: A minimum retail bidding is Rs 14,807 or will have to buy a lot of 67 shares.
GMP: The stocks of the company were seeing a premium of Rs 25 or 11.31% in the grey market ahead of listing.
BRLM: Centrum Capital, Emkay Global Financial Services, and Keynote Financial Services are the lead-running book managers for the issue.
Anchor investor: The company raised Rs 75.36 crore from the anchor investors by offering them 3.4 million shares.
Registrar: Kfin TEchnologies is the registrar for the IPO of Mukka Proteins.
Objective to raise money: The company will be paying the debt of the subsidiary, BDJ Oxides. It will also invest in the capital expenditure of the subsidiary’s R&D center. JG Chemicals will use the raised proceeds for long-term working capital expenditure for both the company and its subsidiary.
Investors can check the allotment at the registrar’s website, which is Kfin Technologies.