JG Chemicals IPO allotment status can be checked on the NSE website or Kfin Technologies page. The IPO was subscribed 28 times and is valued at an EV/EBITDA of 12.3x. Refunds and transfers are expected on March 12, with listing on March 13. The company is India s largest zinc oxide manufacturer with a market share of 30%.
Kolkata-based Zinc Oxide manufacturer J G Chemicals has fixed a price band of Rs 210-221 for its maiden public offer, which opens for subscription on March 5.
JG Chemicals IPO | The IPO is a mix of fresh issuance of shares worth Rs 165 crore by the company and an offer-for-sale (OFS) of 39 lakh equity shares by promoters.