JG Chemicals, a manufacturer of zinc oxide, submits initial documents to Sebi

Sebi 

JG Chemicals, a manufacturer of zinc oxide, informed Sebi on January 6 that it had submitted preliminary paperwork to raise money through a preliminary public offering (IPO).

The IPO incorporates contemporary difficulties fairness shares with a maximum value of 202.50 crore and an offer-for-sale (OFS) of 57 lakh fairness shares by its current promoter group shareholders, according to the draught pink herring prospectus (DRHP).

The largest consumer of goods JG Chemicals, which also supplies the majority of the nation’s paint manufacturers, footwear manufacturers, and cosmetics manufacturers.

This news is written by Ms. Amrita Singh, Research Assistant, All India Legal Forum.

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