Revenue from operations declined 21% to 34.75 billion rupees, marking the company's third consecutive quarterly decline.
Despite a visible recovery in dyes and pigments, the improvement hasn't yet translated into meaningfully higher realisations.
The subscription window for JG Chemicals IPO is open from March 5 to March 7, with a price range of ₹210 to ₹221 per equity share
Centrum Capital Ltd., Emkay Global Financial Services Ltd., and Keynote Financial Services Ltd. are serving as the book-running lead managers
The IPO's price band is set at ₹210 to ₹221, with a lot size of 67 shares requiring an investment of ₹14,070.
He joined Pidilite in 2021 as Deputy Managing Director.
With a proud legacy as India’s largest zinc oxide manufacturer, JG Chemicals has carved a niche for itself in the industry.
The IPO opened for bidding on Tuesday, February 27, 2024, and will conclude on Thursday, February 29, 2024.
Annual production is expected to be 6.6 lakh tonnes of ammonium nitrate.
The price band for the shares has been fixed at ₹210-221 each.
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