J G Chemicals Ltd. has announced public offering of 11366064 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 211.00 per share. The gross proceeds of the issue are expected to be Rs 25,119.00 lakhs.

The company's initial public offer (IPO) will open on 05 March 2024 and is expected to close on 07 March 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 210.00-221.00 per share.

The IPO includes a fresh Issue of 11366064 Equity Shares of the Company at an price of Rs 221.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 67 shares with bids in multiples of 67.

J G Chemicals Ltd. anticipates using the proceeds of the issue for *Repayment or prepayment, in full or in part, of all or certain borrowings availed by our Material Subsidiary*Funding capital expenditure requirements for setting up of a research and development centre situated in Naidupeta, Andhra Pradesh*Funding its longterm working capital requirements

Funding longterm working capital requirements of our Company General corporate purposes.

Centrum Capital Limited,Emkay Global Financial Services Ltd.,Keynote Financial Services Limited. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.