Key Points
New Delhi [India], March 13 (ANI): The shares of JG Chemicals made a disappointing debut on the stock exchanges on Wednesday as it listed with an over 5 per cent discount over its issue price...
The shares were listed at Rs 209 as against its issue price of Rs 221...
The Rs 251.19 crore initial public offering (IPO) was subscribed 27.78 times on its third and final day..
The listing performance fell significantly short of pre-listing expectations, which anticipated a moderate gain of around 10 per cent, said Shivani Nyati, Head of Wealth at Swastika Investmart Ltd...
The companys heavy reliance on the rubber and tire industry, which can be cyclical, could be a concern for investors, Shivani Nyati added...
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