JG Chemicals IPO allotment: A detailed guide to monitoring the status

The allotment process for JG Chemicals' initial public offering (IPO) is anticipated to be finalized on Monday, March 11, 2024.

The IPO garnered considerable attention from investors, witnessing a robust subscription rate of 28.52 times the offered shares.

Individual investors displayed significant interest, oversubscribing their share allotment by 18.03 times, while Qualified Institutional Buyers (QIB) exhibited a subscription rate of 32.33 times, and Non-Institutional Investors (NII) demonstrated an impressive subscription rate of 47.92 times.

Initially, JG Chemicals made available 79,56,246 shares, but the overwhelming demand resulted in bids for 22,69,11,245 shares.

Investors eager to ascertain their allotment status can conveniently do so online. They may log in to either the BSE website or the KFin Technologies website and follow a few straightforward steps.

Steps to check allotment through BSE:
1. Visit the BSE website.
2. Select 'Equity' as the issue type.
3. Enter either the Application Number or PAN Number.
4. Complete the verification process by clicking on 'I'm not a robot'.
5. Click on the 'Search' button.

Steps to check allotment through KFin Technologies Limited:
1. Visit the KFin Technologies website.
2. Choose JG Chemicals Limited.
3. Opt for the Application Number/Demat Account/PAN option and provide the necessary details.
4. Enter the Captcha.
5. Click on the 'SUBMIT' option.

As of March 7th, 2024, the latest Grey Market Premium (GMP) for JG Chemicals IPO stands at Rs 32.

Considering the IPO's price band of Rs 221, the anticipated listing price per share is projected to be around Rs 253, reflecting a potential gain of approximately 14.48 percent per share.

The shares are slated to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) commencing on March 13, 2024.

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