India, March 5 -- The initial public offering for JG Chemicals opens for subscription today (March 5). The IPO will close on March 7 and its price band has been set in the range of Rs.210 to Rs.221 per equity share of the face value of Rs.10. Allocation to anchor investors took place on March 4. The IPO which is worth Rs.251.19 crore, comprises a fresh issue of Rs.165 crore and an offer-for-sale (OFS) of up to 3,900,000 equity shares.

The IPO lot size is 67 equity shares and in multiples of 67 equity shares thereafter. Not more than 50% of the shares in the public issue have been reserved for qualified institutional buyers (QIB), while not less than 15% is for non-institutional Institutional Investors (NII), and not less than 35% of the ...