Key Points
Ahead of the issue opening, the company has raised Rs 75 crore from anchor investors...
The IPO is a combination of fresh equity issue of 74 lakh shares and an offer for sale of 39 lakh shares..
Net proceeds from the fresh issue are proposed to be utilised towards investment in its material subsidiary, repayment of debt, funding capex, working capital requirements as well as other general corporate purposes...
JG Chemicals IPO reviewAnalysts advised investors to subscribe to the issue as the company is a market leader with a strong customer base..
"The favorable demand outlook in automotive, rubber and ceramics, along with expected revival of the chemical industry in early FY25, positions JG Chemicals for sustained growth and market leadership," said Arihant Capital, while recommending a subscribe...
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