JG Chemical compounds makes muted market debut; Shares decline over 5% in opening offers – Occasions of India

NEW DELHI: shares of JG Chemical compounds Ltd on Wednesday listed with a reduction of over 5 per cent towards the difficulty value of Rs 221. The inventory made its debut at Rs 211, decrease 4.52 per cent, from the difficulty value on the BSE, Later, it tanked 11.26 per cent to Rs 196.10.
On the NSE, shares of the corporate listed at Rs 209 with a reduction of 5.42 per cent.
The corporate’s market valuation stood at Rs 772.16 crore.
Within the broader fairness market, the 30-share BSE Sensex traded marginally increased by 17.24 factors at 73,685.20, whereas the Nifty quoted 33.80 factors decrease at 22,303.50.
The Preliminary Public Supply (IPO) of JG Chemical compounds was subscribed 27.78 instances 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 recent situation of as much as Rs 165 crore shares and a suggestion on the market of as much as Rs 39 lakh fairness.
The Kolkata-based agency is India’s largest zinc oxide producer by way of manufacturing and income. It sells over 80 grades of zinc oxide and is among the many prime 10 producers of zinc oxides globally.