NEW DELHI: Shares of JG Chemicals Ltd on Wednesday ended with a reduction of nearly 17 per cent towards the problem value of Rs 221. The inventory made its debut at Rs 211, decrease by 4.52 per cent, from the problem value on the BSE. During the day, it tanked 18 per cent to Rs 181.20. Shares of the corporate ended at Rs 184.65, down 16.44 per cent.
At the NSE, shares of the corporate listed at Rs 209, a reduction of 5.42 per cent. It ended at Rs 183.70, decrease by 16.87 per cent.
The firm’s market valuation stood at Rs 723.57 crore.
In the broader fairness market, the 30-share BSE Sensex ended 906.07 factors decrease at 72,761.89, whereas the Nifty declined 338 factors to 21,997.70.
The Initial Public Offer (IPO) of JG Chemicals was subscribed 27.78 occasions on the ultimate day of bidding on Thursday.
The Rs 251.2 crore IPO was in a value vary of Rs 210-221 a share.
The zinc oxide producer’s preliminary public provide had a contemporary difficulty of shares of as much as Rs 165 crore and a proposal on the market of as much as 39 lakh shares.
The Kolkata-based agency is India’s largest zinc oxide producer when it comes to manufacturing and income. It sells over 80 grades of zinc oxide and is among the many prime 10 producers of zinc oxides globally.
At the NSE, shares of the corporate listed at Rs 209, a reduction of 5.42 per cent. It ended at Rs 183.70, decrease by 16.87 per cent.
The firm’s market valuation stood at Rs 723.57 crore.
In the broader fairness market, the 30-share BSE Sensex ended 906.07 factors decrease at 72,761.89, whereas the Nifty declined 338 factors to 21,997.70.
The Initial Public Offer (IPO) of JG Chemicals was subscribed 27.78 occasions on the ultimate day of bidding on Thursday.
The Rs 251.2 crore IPO was in a value vary of Rs 210-221 a share.
The zinc oxide producer’s preliminary public provide had a contemporary difficulty of shares of as much as Rs 165 crore and a proposal on the market of as much as 39 lakh shares.
The Kolkata-based agency is India’s largest zinc oxide producer when it comes to manufacturing and income. It sells over 80 grades of zinc oxide and is among the many prime 10 producers of zinc oxides globally.
