What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for JG Chemicals Limited IPO?

Based on the upper price band of ₹221 and current GMP of ₹5, the estimated listing price is ₹226 (approx. 2.3% gain).

What is the expected profit per lot for JG Chemicals Limited IPO?

With a lot size of 67 shares and current GMP of ₹5, expected profit per retail application lot is approximately ₹335.

IPO GreyPremiumLIVE

Grey Market Intelligence

JG Chemicals Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

JG Chemicals Limited, founded in 1975, is a premier zinc oxide manufacturer utilizing the French process, offering a diverse portfolio of over 80 grades catering to industries such as ceramics, paints and coatings, pharmaceuticals, electronics, agrochemicals, lubricants, and animal feed. The company operates three advanced manufacturing facilities in Jangalpur and Belur, Kolkata, West Bengal, and Naidupeta, Andhra Pradesh, with the latter being the largest under its subsidiary. Committed to quality, JG Chemicals adheres to ISO 45001:2018, ISO 14001:2015, and ISO 9001:2015 standards. With a strong financial track record, including a CAGR of 23.87% between FY 2020-2022, and a global presence serving over 200 domestic and 50 international clients across 10+ countries, the company continues to solidify its market leadership, supported by a dedicated workforce of over 100 employees.

Price Band

₹210 – ₹221

Issue Size

₹251 Cr

Lot Size

67 shares

GMP

₹5

+2.3%

Est. Listing

₹226

at current GMP

Subscribed

28.52x

overall

Open

5 Mar 2024

7 Mar 2024

Allotment

11 Mar 2024

Refund

12 Mar 2024

Demat Credit

13 Mar 2024

Listing

13 Mar 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

JG Chemicals Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹5+2.3%

Issue Price (Upper)

₹221

Band: ₹210 – ₹221

Estimated Listing Price

₹226

Upper price + GMP

Lot Size

67 shares

Min investment ₹14,807

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹5	2.3%	₹226
30 Oct 2026	+₹5	2.3%	₹226
29 Oct 2026	+₹5	2.0%	₹226

About JG Chemicals Limited Public Issue & Market Profile

JG Chemicals Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹251.19 Crores. The shares are offered at a price band of ₹210 to ₹221 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 67 shares (approx. ₹14,807 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-03-13, while un-allotted funds or UPI block mandates will be released on 2024-03-12.

Frequently Asked Questions

What is JG Chemicals Limited IPO GMP today?

The latest grey market premium for JG Chemicals Limited IPO is ₹5, which indicates an expected listing price of ₹226.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.