The subscription status of JG Chemicals IPO continued to witness robust demand from both retail and non-institutional investors on the second day of subscriptions, reflecting significant enthusiasm for the offering. According to BSE data at 13:06 IST, the JG Chemicals IPO subscription status stood at 4.45 times.
Retail investors displayed notable interest, with the retail portion being subscribed 6.21 times, while non-institutional investors (NII) portion saw a subscription of 6.07 times. Qualified Institutional Buyers (QIB) portion also showed considerable demand, with a subscription of 3%.
The strong momentum for JG Chemicals IPO was evident from the first day of subscription, as the retail portion was fully subscribed within a few hours of opening. By the end of the first day, the overall subscription status reached 2.47 times, as reported by BSE data.
On the first day, the retail investors portion was subscribed 3.64 times, while the NII portion saw a subscription of 2.90 times, and the QIB portion reached a subscription of 2%.
JG Chemicals IPO has allocated shares in the public issue as follows: not more than 50% for qualified institutional buyers (QIB), not less than 15% for non-institutional investors (NII), and not less than 35% reserved for retail investors.
The subscription period for JG Chemicals IPO commenced on Tuesday, March 5, and will conclude on Thursday, March 7.”
