J.G. Chemicals IPO GMP History
J.G. Chemicals IPO has been listed on March 13, 2024 at a listing price of ₹209, against the issue price of ₹221 — a loss of ₹12 (-5.43%). The GMP peaked at ₹70 on 1 March 2024 and reached a low of ₹7 on 12 March 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
J.G. Chemicals IPO raised ₹251.19 Cr. through its IPO at a price band of ₹210 to ₹221 per share, with a lot size of 67 shares. The IPO was open for subscription from 05 Mar 2024 to 07 Mar 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:34 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 12 Mar 2024 | ₹ 7 | ▼ | 3% | — | — |
| 11 Mar 2024 | ₹ 15 | ▼ | 7% | — | — |
| 09 Mar 2024 | ₹ 23 | — | 10% | — | — |
| 08 Mar 2024 | ₹ 23 | ▼ | 10% | — | — |
| 07 Mar 2024 | ₹ 35 | ▼ | 16% | — | — |
| 06 Mar 2024 | ₹ 50 | ▼ | 23% | — | — |
| 05 Mar 2024 | ₹ 55 | ▼ | 25% | — | — |
| 04 Mar 2024 | ₹ 60 | ▼ | 27% | — | — |
| 02 Mar 2024 | ₹ 65 | ▼ | 29% | — | — |
| 01 Mar 2024 | ₹ 70 | — | 32% | — | — |
J.G. Chemicals IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 05 Mar 2024
- Close 07 Mar 2024
- Allotment 11 Mar 2024
- Refund/credit 12 Mar 2024
- Listing 13 Mar 2024
J.G. Chemicals IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹221 |
|---|---|
| GMP-based estimate (pre-listing) | ₹228 (+3.2%) |
| Listing gain / loss | −₹12 per share |
| Listing date | 13 Mar, 2024 |
| Actual listing price | ₹209 (-5.43%) |
Is J.G. Chemicals IPO GMP reliable?
Grey market premium for J.G. Chemicals IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the J.G. Chemicals IPO full review for a fundamentals-based assessment before making any grey market trades.
J.G. Chemicals IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for J.G. Chemicals IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About J.G. Chemicals IPO
J.G. Chemicals Limited was formed by converting a partnership firm into a company in 2001, and the business was founded in 1975. As per the CARE report, it is India's largest zinc oxide maker by production and revenue using the French process, and among the top ten zinc oxide makers globally.
It sells over 80 grades of zinc oxide, used in ceramics, paints and coatings, pharmaceuticals and cosmetics, electronics and batteries, agrochemicals and fertilisers, speciality chemicals, lubricants, oil and gas, and animal feed.
It runs three manufacturing facilities, at Jangalpur and Belur in West Bengal and at Naidupeta in Andhra Pradesh, the largest, run by its material subsidiary.
The IPO was Rs 251.19 crore, with Rs 165.00 crore of fresh issue and Rs 86.19 crore of offer for sale by promoter group members. Fresh money was planned for working capital at the company and its subsidiary, repaying subsidiary debt and an R&D centre.
Frequently asked
What is the GMP of J.G. Chemicals IPO?
The current Grey Market Premium (GMP) of J.G. Chemicals IPO is ₹ 7.
What is the Kostak Price of J.G. Chemicals IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for J.G. Chemicals IPO is not available.
What is the Subject to Sauda Price of J.G. Chemicals IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of J.G. Chemicals IPO?
J.G. Chemicals IPO listed on March 13, 2024 at ₹209, against the issue price of ₹221 — a loss of -5.43%.
How did the GMP of J.G. Chemicals IPO trend before listing?
The GMP of J.G. Chemicals IPO was falling in its final days before listing. The GMP peaked at ₹70 on 1 March 2024. View the day-wise table above for the complete GMP history.
Explore J.G. Chemicals IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
