The forthcoming debut of JG Chemicals on Dalal Street with its initial public offering (IPO) aims to raise Rs 251.19 crores. Interested investors can subscribe to the IPO starting from March 5 until March 7. The zinc oxide manufacturer has established the price band for the IPO at Rs 210 to Rs 221 per equity share.
Outlined below are 10 notable aspects regarding the JG Chemicals IPO as it becomes available for subscription:
1. Subscription Period: The IPO of RK Swamy Limited is open for subscription from today until March 7, 2024.
2. Price Band: The price range for the RK Swamy IPO is set at Rs 210 to Rs 221 per equity share.
3. Fundraising Target: The company aims to raise Rs 251.19 crore through this IPO, with Rs 165 crore from the issuance of fresh shares and Rs 86.19 crore from the sale of existing shares.
4. Grey Market Premium: Shares of RK Swamy Limited are currently trading at a premium of Rs 50 in the grey market, representing a listing premium of nearly 23 percent over the issue price.
5. Lot Size: Investors can apply for the RK Swamy IPO in lots, with each lot consisting of 67 company shares.
6. Allotment Date: Finalization of share allocation for the IPO is expected on March 11, 2024.
7. Book Running Lead Managers: Centrum Capital Limited, Emkay Global Financial Services Ltd, and Keynote Financial Services Ltd are the lead managers handling the book running for the JG Chemicals IPO.
8. Registrar: KFin Technologies has been appointed as the official registrar for the RK Swamy IPO.
9. Listing Platforms: The shares are proposed to be listed on both the BSE and NSE on March 13, 2024.
10. Financial Performance: Between March 31, 2023, and March 31, 2022, JG Chemicals Limited witnessed its revenue surge by 27.47 percent and its profit after tax (PAT) rise by 31.69 percent.
