JG Chemicals disappointed investors after it listed at a discount of 5.4 percent over the issue price of Rs 221 on March 13. The listing was below analysts’ estimates of a premium of 12 percent.JG Chemicals’ Rs 251-crore initial public offering (IPO) was subscribed 27.78 times, with non-institutional investors taking the lead by subscribing 46.33 times their allotted quota of shares. Qualified institutional buyers bought 32.09 times their quota of shares, while the portion set aside for retail investors was subscribed 17.44 times.
the numbers look attractive