JG Chemicals IPO shares GMP, allotment: Here's how to check status online

JG Chemicals IPO share allotment soon

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26 Aug, 2025 12:21

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Zinc oxide manufacturer JG Chemicals is going to finalise the much-awaited basis of allotment of IPO shares by the end of day on March 11, after closing the public issue last week.

The Rs 251-crore public issue garnered a healthy response from investors, subscribing 27.78 times from March 5-7. Non-institutional investors bought 46.33 times the allotted quota and qualified institutional buyers 32.09 times the reserved portion, while the part set aside for retail investors was subscribed 17.44 times.

The JG Chemicals IPO was a mix of fresh issuance of equity shares worth Rs 165 crore by the company and an offer-for-sale (OFS) of 39 lakh equity shares worth Rs 86.19 crore at the upper end of the price band of Rs 210-221 per share.

After the finalisation of allotment, investors can check their share allotment status either on the BSE website or the portal of the IPO registrar (KFin Technologies) by following a few easy steps. Even the brokers provide the same information on their app or through messages.

Also read: Gopal Snacks IPO subscribed 9 times, retail portion booked 4x on final day

On the BSE website,
a) Select issue type 'Equity' and issue name 'J G Chemicals Limited'
b) Enter either 'Application number' or 'PAN number'
c) Check the box (I am not a robot) and finally click on the 'Search' button

On the IPO registrar portal,
a) Select 'J G Chemicals Limited' in the dropdown
b) Select and accordingly enter either 'Application number', or 'Demat account', or 'PAN'
c) Enter the captcha available in digits, and finally click on the 'Submit' button

Given the healthy subscription numbers, the equity shares will be distributed proportionately. Eligible investors will get at least 67 equity shares (i.e. one lot) in the demat account.

Also read: Krystal Integrated Services IPO: 10 things to know before subscribing to Rs 300-crore issue

Finally, the trading in equity shares of the company will commence on the bourses with effect from March 13. At the time of writing this article, its IPO shares were available at around 14 percent premium over the upper price band in the grey market, the market observers said.

The grey market is an unofficial platform wherein IPO shares can be bought and sold till the listing. Generally, it is considered to know the possible listing price which may or may not be completely correct.

Also read: Moneycontrol Pro Panorama | Does the wisdom of crowds hold true in the IPO market?

JG Chemicals manufactures more than 80 grades of zinc oxide which are used by several industries such as paints and coatings, pharmaceuticals and cosmetics, ceramics, electronics and batteries, agrochemicals and fertilizers and speciality chemicals.

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