J.G.Chemicals Limited raises Rs. 75.35 crore from Anchor Investors
J.G.Chemicals Limited, India’s largest zinc oxide manufacturer in terms of production and revenue, has garnered Rs. 75.35 crores from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, March 05, 2024. The company informed the bourses that it allocated 34,09,818 equity shares at Rs. 221 per share on Monday, March 04, 2024, to anchor investors.
Foreign and Domestic Institutions who participated in the anchor were Massachusetts Institute of Technology, Carnelian, Pinebridge and SBI General Insurance Company.
Centrum Capital Limited, Emkay Global Financial Services Limited, and Keynote Financial Services Limited are the book running lead managers and KFin Technologies Limited is the registrar of the offer. The equity shares are proposed to be listed on the BSE and NSE.
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