JG Chemicals IPO allotment – How to check allotment, GMP, listing date and more

• JG Chemicals is expected to announce its share allotment status on Monday, March 11.
• The shares of JG Chemicals were subscribed 27.56 times.
• The shares are expected to be listed on the stock exchanges on March 13.

West Bengal-based JG Chemicals, which is the company’s largest manufacturer of zinc oxide is expected to announce the allotment status of its initial public offering (IPO) on Monday, March 11.

The JG Chemicals IPO opened on March 5 and closed on March 7. The price band for the IPO was ₹210 to ₹221 per share.

Decent subscription

On its last day, the JG Chemicals IPO was subscribed 27.56 times, receiving bids for 22.51 crore equity shares against 81.69 lakh shares on offer.

While the qualified institutional buyer (QIB) portion was subscribed 32.09 times, the non-institutional investors portion was subscribed 46.22 times. The retail portion witnessed decent participation and was subscribed 17.03times.

Grey market premium

The shares of JG Chemicals are currently commanding a grey market premium (GMP) of ₹30 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Here’s how to check the IPO’s allotment status

You can check the allotment status on the registrar’s website.

• To check the JG Chemicals IPO allotment status, visit the registrar’s website here.
• Click on ‘Company Selection’ and then select ‘JG Chemicals’.
• Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.
• Click on ‘Search’.

You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the JG Chemicals IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

• Go to the BSE website.
  
• On the website, click on 'Equity' and then select ‘JG Chemicals’ from the dropdown menu.
  
• Now, enter your application number and PAN.
  
• Click on 'Search'.
  

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

JG Chemicals listing date

The shares of JG Chemicals will be listed on the stock exchanges on March 13.

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