JG Chemicals shares bleed after disappointing debut; Should you exit the counter?
Shares of JG Chemicals were listed at a discount of 5 per cent at Rs 211 on BSE and at Rs 209 on NSE, against the issue price of Rs 221.
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Shares of JG Chemicals were listed at a discount of 5 per cent at Rs 211 on BSE and at Rs 209 on NSE, against the issue price of Rs 221.
A soft listing is likely as the IPO was purely an offer for sale and no funds will be coming into the company for growth, say analysts
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Marketing services provider RK Swamy listed its shares at a discount on NSE and BSE. The IPO included a fresh equity issue and an offer for sale. Despite volatility, the company received decent subscription demand. FY23 revenue reached Rs 293 crore with a net profit of Rs 31 crore.
The muted pre-listing GMP and negative listing indicate a cautious investor approach, possibly due to volatile market conditions or concerns about competition