JG Chemicals Stock Closes at ₹184.65

13 Mar 2024 , 09:55 PM

JG Chemicals’ stock price debuted on the exchanges with little strength. On the NSE, the share price closed at ₹184.65, which is 16% less than the issue price of ₹221, while on the BSE, the opening price of JG Chemicals’ shares was ₹211, which is 4.52% less than the issue price.

On the final day of subscription, there were 27.78 subscriptions, demonstrating the strong reaction from retail and non-institutional investors (NII) to the IPO. On the third day of the bidding, the portion for retail investors was subscribed 17.44 times, the piece for qualified institutional buyers (QIBs) was booked 46.33 times, and the portion for NIIs was booked 32.09 times.

The IPO’s subscription period began on March 5 and ended on March 7. The initial public offering (IPO) allocated a minimum of 35% of the offer to retail investors, a maximum of 50% of the shares for QIB, and a minimum of 15% for NII, within the price band of ₹210 to ₹221 per equity share with a face value of ₹10.

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