Sona Machinery and JG Chemicals made a week market debut

Published : 14 March 2024

Today's launch for Sona Machinery and JG Chemicals was lackluster. Sona Machinery's share price started at ₹125 on NSE SME, 12.59% less than the issue price of ₹143. JG Chemicals' share price started on the NSE at ₹209, 5.43% less than the ₹221 issue price.

Sona Machinery and JG Chemicals made a week market debut

Sona Machinery's initial public offering (IPO) commenced on Tuesday, March 5, and closed on Thursday, March 7. JG Chemicals' initial public offering (IPO) began on Tuesday, March 5, and closed on Thursday, March 7.

IPO Timeline

Price band

Sona Machinery's IPO price band ranges from ₹136 to ₹143 per share, while JG Chemicals' price band was ₹230 and ₹237.

Sona Machinery's public offering was oversubscribed 254.37 times. Participants bought 65.93 crore equity shares, compared to the IPO size of 25.92 lakh equity shares. JG Chemicals subscription status was 27.78 times.

IPO Subscription status:

Sona Machinery Limited manufactures agricultural machinery for processing rice, pulses, wheat, spices, and barnyard millets.

About Sona Machinery

JG Chemicals Limited manufactures zinc oxide utilizing the French technique.

About JG Chemicals

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