JG Chemicals Limited IPO is a MAIN BOARD IPO. They are going to raise ₹251.19 Crores via IPO. The issue is priced at ₹210 to ₹221 per equity share. The IPO is to be listed on NSE, BSE
JG Chemicals Limited IPO opens for subscription on March 05, 2024, and closes on March 07, 2024. The allotment for the JG Chemicals Limited IPO is expected to be finalized on March 11, 2024. JG Chemicals Limited IPO will list on BSE, NSE with tentative listing date fixed as 13 March 2024.
| IPO Details | Allotment |
| Minimum Investment ₹14,807 / 1– Lot (67 shares) | Price Range ₹210-₹221 | |
| Max Quantity 13-Lots/ (871 Shares) | Max Investment ₹192,491 | Retail Discount ₹0 |
| Investor category and sub category Individual- HNI & Retail | Issue Size 251.19 Cr | Employee Discount ₹ |
| Total Issue Size 11,366,063 Shares (Aggregating up to ₹251.19 Cr) | Share Holding Pree Issue 31,720,000 | Issue Type Book build Issue IPO |
| Fresh Issue Share 7,466,063 Shares (Aggregating up to ₹165.00 Cr) | Share Holding Post Issue 39,186,063 | Listing At BSE, NSE |
| Offer For Sale 3,900,000 Shares of ₹10 (Aggregating up to ₹86.19 Cr) | Face value ₹10 |
IPO Dates
| Offer Starts | 05 March 2024 |
| Offer Ends | 07 March 2024 |
| Allotment | 11 March 2024 |
| Refunds | 12 March 2024 |
| Credit of shares to Demat account | 12 March 2024 |
| IPO Listing | 13 March 2024 |
About JG Chemicals Limited
JG Chemicals Limited was founded in 1975 and is a zinc oxide manufacturer using the French process. The company produces more than 80 grades of zinc oxide.
This product is used in various industrial applications such as ceramics, paints and coatings, pharmaceuticals and cosmetics, electronics and batteries, agrochemicals and fertilizers, specialty chemicals, lubricants, oil and gas, and animal feed.
The company operates three manufacturing facilities in Jangalpur and Belur, both in Kolkata, West Bengal and Naidupeta in Nellore District, Andhra Pradesh. Naidupeta is the largest facility, owned and operated by the Material subsidiary. All manufacturing facilities are ISO 45001:2018 and ISO 14001:2015 certified and ISO 9001:2015 accredited.
The market share of their Company is around 30% as of March 2022. They sell over 80 grades of zinc oxide and are among the top ten manufacturers of zinc oxides globally.
Over the last three years, they marketed and sold their product to over 200 domestic customers and over 50 global customers in more than 10 countries.
| founded in | Managing Director |
| 1975 | Mr. |
JG Chemicals Limited IPO Prospectus
| . | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
JG Chemicals Limited IPO Lot Size
JG Chemicals Limited IPO minimum market lot is 67 shares with ₹14,807 application amount. The retail investors can apply up-to 13 lots with 871 shares or ₹192,491 amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 67 | ₹14,807 |
| Retail (Max) | 13 | 871 | ₹192,491 |
| S-HNI (Min) | 14 | 938 | ₹207,298 |
| S-HNI (Max) | 67 | 4,489 | ₹992,069 |
| B-HNI (Min) | 68 | 4,556 | ₹1,006,876 |
Share Holding
| Share Holding Pre-Issue | 100% |
| Share Holding Post-Issue |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹794.19 | ₹623.05 | ₹440.41 |
| Assets | ₹297.89 | ₹264.14 | ₹209.94 |
| Profit | ₹56.79 | ₹43.13 | ₹28.80 |
| All values are in Rs. Cr |
Fundamentals
| Values | Values | ||
| Market cap | 866.01 Cr | ROE | 8.20% |
| P/E (X) | 16.25 | ROCE | 11.86% |
| POST P/E (X) | 20.08 | EPS | 13.6 |
| Debt to Equity | 0.11 | RONW | 8.16% |
Objects of the Issue
- Investment in our Material Subsidiary, viz. BDJ Oxides (i) repayment or pre-payment, in full or in part, of all or certain borrowings availed by our Material Subsidiary; (ii) funding capital expenditure requirements for setting up of a research and development centre situated in Naidupeta (“R&D Centre”); and (iii) funding its long-term working capital requirements.
- Funding long-term working capital requirements of our Company.
- General corporate purposes
Brokerage Firm IPO Review
- To be updated soon
| JG Chemicals Limited Contact Details | |
| Address | JG Chemicals Limited 34A, Metcalfe Street, Kolkata – 700 013, West Bengal |
| Phone: | +91 33 4014 0100 |
| corporate@jgchem.com | |
| Website | www.jgchem.com |
| JG Chemicals Limited IPO Lead Managers |
| Centrum Capital Limited Emkay Global Financial Services Ltd Keynote Financial Services Ltd |
| JG Chemicals Limited IPO Registrar | |
| . | Kfin Technologies Limited |
| Phone | 04067162222, 04079611000 |
| jgchemicals.ipo@kfintech.com | |
| Website | https://kosmic.kfintech.com/ipostatus/ |
| JG Chemicals Limited IPO Allotment Status Check |
| IPO Allotment Status Check Click Here |
JG Chemicals Limited IPO FAQs
What is JG Chemicals Limited IPO?
- JG Chemicals Limited IPO is a MAIN BOARD IPO. They are going to raise ₹251.19 Crores via IPO. The issue is priced at ₹210 to ₹221 per equity share. The IPO is to be listed on NSE, BSE
When JG Chemicals Limited IPO will open?
- The IPO is to open on March 05, 2024, for QIB, NII, and Retail Investors.
What is JG Chemicals Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is JG Chemicals Limited IPO Size?
- JG Chemicals Limited IPO size is ₹251.19 crores.
What is JG Chemicals Limited IPO Price Band?
- JG Chemicals Limited IPO Price Band is ₹210 To ₹221 per equity share.
What is JG Chemicals Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1-Lot (67 Shares) with ₹14,807. and Maximum Lot Size 13-Lots (871 Shares) with ₹192,491
What is JG Chemicals Limited IPO Allotment Date?
- JG Chemicals Limited IPO allotment date is March 11, 2024.
What is JG Chemicals Limited IPO Listing Date?
- JG Chemicals Limited IPO listing date is March 13, 2024. The IPO to list on NSE, BSE.