The finalization of JG Chemicals IPO share allotment is scheduled for today, March 11, 2024. Interested investors can check the IPO allotment status on Kfin Technologies Ltd, the registrar’s portal. The IPO subscription period was from March 5 to March 7, with a remarkable oversubscription rate of 27.78 times on the final bidding day, as per BSE data.
Investors will be able to ascertain the number of shares allocated to them through the basis of allotment, which also provides insights into the IPO allotment status. For those who were not allotted any shares, the company will initiate the refund process starting March 12. On the same day, those allotted shares will witness the shares credited to their demat accounts.
The eagerly awaited JG Chemicals IPO listing date is set for March 13, 2024. To check the JG Chemicals IPO allotment status online, investors can visit the IPO registrar’s website, Kfin Technologies Ltd.
Here’s a step-by-step guide on how to check the IPO allotment status:
**Kfin Technologies Ltd’s IPO Allotment Link:** [https://ris.kfintech.com/ipostatus/](https://ris.kfintech.com/ipostatus/)
**Step 1:** Visit the provided link, where you’ll find five options.
**Step 2:** Open one of the links and choose JG Chemicals IPO from the dropdown menu in the select IPO section.
**Step 3:** Select one of the three options to check the status: Application No, Demat Account, or PAN.
**Step 4:**
– If opting for the application number, enter it along with the captcha code and click “Submit.”
– For the Demat Account option, enter the captcha code and your account information, then click “Submit.”
– If using PAN, enter the PAN number and captcha code, then click “Submit.”
Additionally, investors can check the IPO allotment status on BSE and NSE using the following steps:
**BSE:**
– Visit the allotment page on BSE’s official website: [https://www.bseindia.com/investors/appli_check.aspx](https://www.bseindia.com/investors/appli_check.aspx)
– Under ‘Issue Type,’ select ‘Equity.’
– Choose the IPO from the drop-down option under ‘Issue Name.’
– Enter PAN or application number.
**NSE:**
– Visit NSE’s official website: [https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp](https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)
– Register with PAN by selecting the ‘Click here to sign up’ option on the NSE website.
– Enter user name, password, and captcha code.
– Check IPO allotment status on the new page that will open.
As for the Grey Market Premium (GMP) for JG Chemicals IPO, it is currently +32, indicating a premium of ₹32 in the grey market. This suggests that JG Chemicals shares are trading at a premium, with the estimated listing price at ₹253 apiece, a 14.48% increase over the IPO price of ₹221. The GMP is considered an indicator of investors’ willingness to pay more than the issue price, and the positive trend in GMP suggests expectations of a strong listing for JG Chemicals IPO.
