JG Chemicals Limited IPO
MainboardSpecialty Chemicals
Listed On: Mar 13, 2024 at ₹ 209.0(NSE)
₹ 14807 /67 Shares
Check AllotmentPrice Summary
Last Closing
524.50 (137.33%)52 Week High
558.0052 Week Low
280.45Last Update
20-Aug-2025 3:30 PM05 Mar, 2024
Open Date07 Mar, 2024
Close Date11 Mar, 2024
Allotment Date13 Mar, 2024
Listing DateIssue Price
₹210-221 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
209.0(NSE)Listing Date
2024-03-13Market Lot
Retail : 67 Shares (₹14,807/-)S-HNI : 938 Shares (₹2,07,298/-)
B-HNI : 4,556 Shares (₹10,06,876/-)
Lead Manager
Centrum Capital LimitedEmkay Global Financial Services Ltd
Keynote Financial Services Ltd
Issue Size
Total ₹251.19 Cr :#Fresh Issue : 7,466,063 shares(aggregating up to ₹165.00 Cr) +
#OFS : 3,900,000 shares of ₹10(aggregating up to ₹86.19 Cr)
Retail Portion
35% (Number of Retail Applications: 59,375 Approx),5% (Number of S-HNI Applications : 606 Approx),
10% (Number of B-HNI Applications : 1,212 Approx)
Subscription
27.78 timesJG Chemicals Limited IPO Details
JG Chemicals Limited IPO is a book-built issue of ₹251.19 crores, The total issue size is ₹251.19 crores. The IPO of JG Chemicals Limited is priced at ₹210-221 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Mar 5, 2024 and ends on Mar 7, 2024. The allotment for JG Chemicals Limited IPO will be finalized on Mar 11, 2024. JG Chemicals Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 13, 2024. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.
Retail investors can bid for a minimum of 67 shares, extendable to 14,807. S-HNIs will be able to bid for 938 shares at ₹2,07,298, while B-HNIs can also apply for a bid of 4,556 shares at ₹10,06,876. The book-running lead manager for the IPO is/are Centrum Capital Limited , Emkay Global Financial Services Ltd , Keynote Financial Services Ltd.
The total issue ₹251.19 crore, comprising a fresh issue of 74,66,063 shares ₹165 crore and an Offer for Sale (OFS) of 39,00,000 shares to mop up ₹86.19 crore.
The JG Chemicals Limited IPO sets its price band at 210-221 for each share. A single application for JG Chemicals Limited IPO must contain at least 67 shares. Sentiment investors need to invest a minimum of 67 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,807 In order to participate in the sNII, investors must purchase at least 14 lots of 938 shares for ₹2,07,298, while the bNII requires 68 lots of 4,556 shares for an investment of ₹10,06,876.
JG Chemicals Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,273,214 | 1,704,910 1,136,606 568,303 | 3,978,122 | 7,956,246 |
| Day 1 - 05-03-24 05:00 PM | 0.02 x | 2.87 2.16 x 4.30 x | 3.60 x | 2.44 x |
| Day 2 - 06-03-24 05:00 PM | 0.45 x | 9.64 7.69 x 13.53 x | 8.32 x | 6.40 x |
| Day 3 - 07-03-24 05:00 PM | 32.09 x | 46.32 48.59 x 41.80 x | 17.43 x | 27.78 x |
JG Chemicals Limited Valuations
EPS Pre IPO
₹13.6/-EPS Post IPO
₹11.01/-P/E Pre IPO
16.25P/E Post IPO
20.08ROE
8.20%ROCE
11.86%Debt/Equity
0.11RoNW
8.16%PAT Margin
7.24Price to Book Value
3.51JG Chemicals Limited Company Financials All values are in ₹ Cr.
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 297.79 | 264.14 | 209.94 |
| Revenue | 794.19 | 623.05 | 440.41 |
| Profit After Tax | 56.79 | 43.13 | 28.80 |
| Net Worth | 199.89 | 147.66 | 108.48 |
| Reserves & Surplus | 175.67 | 151.23 | 107.17 |
About The Company
JG Chemicals Limited is a zinc oxide manufacturing company using the French process. The company produces more than 80 grades of zinc oxide.
This product has various industrial applications such as ceramics, paints and coatings, pharmaceuticals and cosmetics, electronics and batteries, agrochemicals and fertilizers, speciality 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 company manufacturing facilities are ISO 45001:2018 and ISO 14001:2015 certified and ISO 9001:2015 accredited.
For the six-month period ending on September 30, 2022, and for the fiscal years 2020, 2021, and 2022, the revenue from operations was ₹3,993.91 million, ₹4,352.98 million, ₹6,128.30 million, and ₹4,250.72 million, respectively. The revenue from operations showed a compound annual growth rate (CAGR) of 23.87% between the fiscal years 2020 and 2022.
The company has served the needs of more than 200 local and 50 international clients across 10+ countries.
As of October 31, 2022, the company had 105 permanent employees, over 100 laborers, and trainees.
JG Chemicals Limited - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 70.99%
- Suresh Jhunjhunwala
- Anirudh Jhunjhunwala
- Anuj Jhunjhunwala
JG Chemicals Limited IPO - Issue Objectives
- Investment in the Material Subsidiary, viz. BDJ Oxides (i) repayment or pre-payment, in full or in part, of all or certain borrowings availed by the 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 the Company
- General corporate purposes.
JG Chemicals Limited IPO - Anchor Investors
Massachusetts Institute of Technology was the biggest anchor investor, picking over 18.1 lakh equity shares worth Rs 40 crore. Carnelian Structural Shift Fund, Pinebridge Global Funds and SBI General Insurance Company were the other three investors who participated in the anchor book.
JG Chemicals Limited IPO - FAQs
Ans. JG Chemicals Limited IPO is a Mainboard IPO. The issue is priced at ₹210-221 per equity share. The minimum order quantity is 67 Shares. The IPO opens on Mar 5, 2024, and closes on Mar 7, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The JG Chemicals Limited IPO opens on Mar 5, 2024 and closes on Mar 7, 2024.
Ans. The size of JG Chemicals Limited IPO is Total ₹251.19 Cr : #Fresh Issue : 7,466,063 shares(aggregating up to ₹165.00 Cr) + #OFS : 3,900,000 shares of ₹10(aggregating up to ₹86.19 Cr).
Ans. The IPO price band is set between ₹210-221 per equity share.
Ans. To apply for JG Chemicals Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find JG Chemicals Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of JG Chemicals Limited IPO is Mar 11, 2024.
Ans. The JG Chemicals Limited IPO will be listed on Mar 13, 2024.
Ans. Follow the steps to check the allotment status for JG Chemicals Limited IPO here.
