JG Chemicals makes a dismal debut; stock lists 5% below its offering price
JG Chemicals‘ first public offering (IPO) on the stock market was lackluster, as the company’s shares were listed at Rs 209, which was 5% less than the share price of Rs 221 on the National Stock Exchange (NSE). Specialty chemical shares are trading at Rs 211 on the BSE. Following the listing, the market price…