J G Chemicals IPO
J G Chemicals Limited (JGCHEM) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 13 March 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +3.9% (likely range -1% to +18%), day's high +8.7%, chance of a gain 51%. Actual: -5.4% at the open, -3.3% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 22,90,142 | 7,34,93,841 | 32.1x | |
| NII (HNI) total | 17,63,572 | 8,17,03,351 | 46.3x | |
| Big NII (above ₹10 lakh) | 11,75,715 | 5,71,23,999 | 48.6x | |
| Small NII (₹2-10 lakh) | 5,87,857 | 2,45,79,352 | 41.8x | |
| Retail | 41,15,000 | 7,17,69,261 | 17.4x | |
| Total | 81,68,714 | 22,69,66,453 | 27.8x |
Bids on NSE and BSE together, as published by NSE, as of 07 Mar 2024, 07:00 PM. Shares offered exclude the anchor portion. 27% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to J G Chemicals's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Dharmaj Crop GuardNov 2022 | 48.2x | 52.3x | 21.5x | 35.5x | ₹270 Cr | +12.3% | +17.7% |
| Valiant LaboratoriesOct 2023 | 20.8x | 73.6x | 16.1x | 29.8x | ₹152 Cr | +15.8% | +21.6% |
| Udayshivakumar InfraMar 2023 | 40.5x | 60.4x | 14.1x | 30.6x | ₹80.5 Cr | -14.3% | -10.0% |
| IRM ENERGY LIMITEDOct 2023 | 44.7x | 48.3x | 9.29x | 27.1x | ₹545 Cr | -5.5% | -4.2% |
| India PesticidesJun 2021 | 42.9x | 51.9x | 11.3x | 29.0x | ₹817 Cr | +18.2% | +24.3% |
| R K SwamyMar 2024 | 20.6x | 34.4x | 34.0x | 25.9x | ₹424 Cr | -13.2% | -1.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Centrum Capital | — | — | — |
| Emkay Global Financial Services | 10 | +16.7% | 60% |
| Keynote Financial Services | 5 | +4.8% | 40% |
Offer documents (NSE)
Frequently asked
What is the J G Chemicals IPO price band and lot size? ₹210–221 per share, with a lot of 67 shares, so the smallest retail bid is ₹14,807.
How many times has it been subscribed? 27.8x overall: QIB 32.1x, NII 46.3x, retail 17.4x.
How did it list? It opened at ₹209, -5.4% against the issue price of ₹221, and closed its first day -16.4%.
