JG Chemicals IPO GMP Today, JG Chemicals IPO Grey Market Premium Updates | JG Chemicals, Latest target, Opening gain
JG Chemicals IPO began on 05 MARCH 2024. It will close on 07 March 2024. The Total IPO Size is 251.00 Crore Approx. The company set its IPO price is ₹210 to ₹221 per share Per Share. There are three basic categories in JG Chemicals IPO Subscription:-
1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
JG Chemicals Limited was founded in 1975 and is a zinc oxide manufacturer using the French process. The company produces more than 80 grades of zinc oxide.
This product is used in various industrial applications such as ceramics, paints and coatings, pharmaceuticals and cosmetics, electronics and batteries, agrochemicals and fertilizers, specialty chemicals, lubricants, oil and gas, and animal feed.
For the nine-month period ended December 31, 2023 and the financial years 2023, 2022 and 2021, the Company recorded operating income of ₹ 4,863.22 million, ₹ 7,845.76 million, ₹ 6,128.30 million and ₹ 4,352.98 million respectively.
The company has served the needs of more than 200 local and 50 international customers in more than 10 countries.
As of December 31, 2023, the company employed 112 permanent employees, over 100 workers and apprentices.
Check out JG Chemicals IPO grey market premium, Kostak rates, and subject to cauda rates as of today.
JG Chemicals IPO Details:
| Issuer | JG Chemicals IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 05 Mar 2024 | |
| Issue Closes: 07 Mar 2024 | ||
| Price Brand | ₹210 to ₹221 per share | |
| Issue Size | 251.00 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 67 Shares | |
| Retail (Max) | ₹192,491 | |
| QIB | 50% | |
| HNI | 15% of the issue size | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With? | ANGEL Free DEMAT Account | |
| Total Shares | 11,366,063 shares | |
| UPCOMING IPO 2024 | UPCOMING DIVIDEND |
| UPCOMING BUYBACK | UPCOMING BONUS 2024 |
| Best Stocks to Buy | Latest IPO Grey Market Premium |
JG Chemicals IPO GMP Rates day by day
JG Chemicals IPO Market Lot:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 67 | ₹14,807 |
| Retail (Max) | 13 | 871 | ₹192,491 |
| S-HNI (Min) | 14 | 938 | ₹207,298 |
| S-HNI (Max) | 67 | 4,489 | ₹992,069 |
| B-HNI (Min) | 68 | 4,556 | ₹1,006,876 |
JG Chemicals IPO Date, Allotment & Listing:
| JG Chemicals IPO Opening Date: | March 05, 2024 |
| JG Chemicals IPO Closing Date: | March 07, 2024 |
| Basis of Allotment: | March 11, 2024 |
| Initiation of Refunds: | March 12, 2024 |
| Credit to Demat Account: | March 12, 2024 |
| Listing Date: | March 13, 2024 |
JG Chemicals IPO ALLOTMENT STATUS
How to Apply for JG Chemicals IPO?
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How to Apply JG Chemicals IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “JG Chemicals “. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply JG Chemicals IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “JG Chemicals”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
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Disclaimer:
– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing the premium Price as it may change time before listing. Subscribe only considering the Fundamentals of the companies.
– This is only coverage of News related to Grey Market. We don’t deal in Grey market premium, nor do we recommend dealing in Grey Market. Investment decisions based on Grey Market trends can be faulty.
IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.
We don’t trade into the grey market nor do we facilitate buying or selling of IPO firms.
What is Grey Market?
Grey Market is the term used to describe an unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed in a stock market. This is a way for dealers to support their customers who may want to exit before listing.
This is also a way to boost the listing price and support the issue before the listing happens. Two kinds of transactions happen in the IPO grey market:
- Trade of IPO shares at a grey market premium
- Trade of IPO application at a Kotak.
What is Grey Market Premium?
GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.
This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than the issue price respectively, based on demand and supply for the shares.
Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.
What is Kostak?
Kostak is the premium at which an IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.
It is rare for someone to trade IPO applications post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for Kotak is:
Example:
IGL Limited
Issue Price: Rs 300 Per Equity Share (Maximum Bid price)
Lot Size: 50
Grey Market Premium: Rs 285 to Rs 300
Kostak (Rs 13770): Rs 680 to Rs 720
This means IGL IPO applications of Rs 13500 are being traded in the IPO Grey Market at Rs 695 to Rs 720.
Even though this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.
As can be seen, Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on average only one lot to be allocated per application.
Kostak rate is the amount an investor gets by selling his/her IPO application in the grey market. This is the amount an investor stands to gain, irrespective of allotment status.
Subject to Sauda simply reflects the amount that an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the cauda stands canceled.
In the case of the ‘Subject to Sauda’ deal, while selling the IPO application in the grey market, the buyer and seller agree that the deal is only valid if the seller gets the allotment. If the seller doesn’t get any shares in the IPO process, the deal is avoided.