JG Chemicals IPO Oversubscribed 27.53 times on Closing Day

7 Mar 2024 , 08:06 PM

On its last day, investors continued to respond to the offer with tremendous enthusiasm. As usual, non-institutional investors took centre stage, with qualified institutional purchasers and retail investors following suit on the last day. As of 15:54 IST, the overall subscription status was 27.53 times, according to BSE data.

On the last day, the portion for retail investors has been subscribed 16.99 times, the portion for non-institutional investors (NII) has been booked 46.21 times, and the portion for qualified institutional buyers (QIB) has been booked 32.09 times.

The enthusiasm surrounding the offering was evident on the second day of subscriptions, as both retail and non-institutional investors flocked to the issue. The IPO subscription status for JG Chemicals was 6.40 times. There had been 8.32 times subscriptions for the retail investors portion, 9.64 bookings for the NII portion, and 45% bookings for the QIB portion.

In just a few hours after opening, the retail component of JG Chemicals’ initial public offering (IPO) was fully subscribed, marking a successful first day of subscriptions. In the end, on the first day of publication, the issue was completely subscribed. According to BSE data, JG Chemicals’ IPO subscription status was 2.47 times.

There were 3.64 times +subscriptions for the retail investors portion, 2.90 bookings for the NII portion, and 2% bookings for the QIB portion.

It has set aside a minimum of 15% of the shares for NII, a maximum of 50% of the shares for QIB, and a minimum of 35% of the offer for retail investors in the public offering.

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