JG Chemicals Limited IPO
JG Chemicals Limited IPO is listed on BSE and NSE, priced at ₹210–₹221 per share. The stock debuted at ₹209. The IPO had a lot size of ₹67 shares and a minimum investment of ₹14,807.
JG Chemicals Limited IPO
- IPO Dates
- Mar 5, 2024 – Mar 7, 2024
- Price band
- ₹210-221 per equity share
- Minimum Investment
- ₹14,807
- Issue size
- ₹251.19 Cr
- Lot size
- 67
- Allotment Date
- Mar 11, 2024
- Listing
- Mar 13, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Mar 5, 2024
Open Date
Completed
-
Mar 7, 2024
Close Date
Completed
-
Mar 11, 2024
Allotment Date
Completed
-
Mar 13, 2024
Listing Date
Completed
Price Summary
- Last closing
- 418.00 (89.14%)
- 52 week high
- 558.00
- 52 week low
- 298.40
- Last update
JG Chemicals Limited IPO Essentials
JG Chemicals Limited IPO Details
JG Chemicals Limited IPO is priced at ₹210-221 per share with a total issue size of 251.19 crore. The IPO has a lot size of 67 shares and is listed on BSE and NSE.
- Issue price
- ₹210-221 per equity share
- Lot size
- 67 shares
- Face value
- ₹10 Per Equity Share
- 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) - Total issue size
- 1,13,66,063 shares
(aggregating up to ₹251.19 crore) - Fresh issue
- 74,66,063 shares
(aggregating up to ₹165 crore) - Offer for sale (OFS)
- 39,00,000 shares
(aggregating up to ₹86.19 crore) - Listing at
- BSE, NSE
- List price
- 209.0(NSE)
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Centrum Capital Limited, Emkay Global Financial Services Ltd, Keynote Financial Services Ltd
Market Lot Size
Investors can bid for a minimum of 67 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 67 | ₹14,807 |
| Retail(max) | 13 | 871 | ₹1,92,491 |
| sHNI(min) | 14 | 938 | ₹2,07,298 |
| sHNI(max) | 67 | 4,489 | ₹9,92,069 |
| sHNI(min) | 68 | 4,556 | ₹10,06,876 |
JG Chemicals Limited IPO Reservation
JG Chemicals Limited IPO reservation details show category-wise allocation of shares. Out of the total 11,366,064 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,409,818 (30%) | |
| QIB Shares Offered | 2,273,214 (20%) | |
| NII (HNI) Shares Offered | 1,704,910 (15%) | |
| bHNI > ₹10L | 1,136,606 (10%) | 1,211 |
| sHNI < ₹10L | 568,303 (5%) | 605 |
| Retail Shares Offered | 3,978,122 (35%) | 59,374 |
| Total Shares Offered | 11,366,064 (100%) |
JG Chemicals Limited IPO Analytics
JG Chemicals Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
JG Chemicals Limited IPO Subscription Status
JG Chemicals Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
2.87x
2.16x
4.30x
|
3.60 x | 2.44 x |
|
Day 2
06-03-24 05:00 PM
|
0.45 x |
9.64x
7.69x
13.53x
|
8.32 x | 6.40 x |
|
Day 3
07-03-24 05:00 PM
|
32.09 x |
46.32x
48.59x
41.80x
|
17.43 x | 27.78 x |
JG Chemicals Limited Valuations
Earnings
- EPS Pre IPO
- ₹13.6/-
- EPS Post IPO
- ₹11.01/-
- P/E Pre IPO
- 16.25
- P/E Post IPO
- 20.08
Returns
- ROE
- 8.20%
- ROCE
- 11.86%
- RoNW
- 8.16%
- PAT Margin
- 7.24
Fundamentals
- Debt / Equity
- 0.11
- Price / Book
- 3.51
JG Chemicals Limited Financials( In Crs.)
| 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 |
JG Chemicals Limited Company & Offer Insights
About JG Chemicals Limited
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)
Suresh Jhunjhunwala, Anirudh Jhunjhunwala, Anuj Jhunjhunwala are the company's promoters of JG Chemicals Limited.
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
JG Chemicals mobilises over Rs 75 crore from anchor investors ahead of IPO.
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 - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| JG Chemicals Limited | N/A | N/A | 63.02 | 27.49 | 8.16 | 3.51 | Consolidated |
| Rajratan Global Wire Ltd. | 19.72 | 19.72 | 86.54 | 33.43 | 22.79 | 7.62 | Consolidated |
| Nocil Ltd. | 8.95 | 8.92 | 93.14 | 30.97 | 9.61 | 2.98 | Consolidated |
| Yasho Industries Ltd | 59.54 | 59.54 | 208.75 | 30.03 | 28.52 | 8.56 | Consolidated |
Notes:
- For near-similar listed companies, the Closing market price of equity shares as on February 22, 2024 on BSE Ltd (Source: www.bseindia.com).
- For near-similar listed companies, the P/E Ratio has been computed based on the closing market price of equity shares as on February 22, 2024 (Source: www.bseindia.com) divided by the Basic EPS provided under Note 1 above.
- Based on Restated Consolidated Financials of J.G. Chemicals Limited for the financial year ending March 31, 2023.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
JG Chemicals Limited IPO is a book-built IPO worth ₹251.19 crore. The price band is ₹210–₹221 per share. The IPO opens on Mar 5, 2024 and closes on Mar 7, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The price band of JG Chemicals Limited IPO is ₹210 to ₹221 per share.
The lot size of JG Chemicals Limited IPO is 67 shares.
The minimum investment for JG Chemicals Limited IPO is approximately ₹14,807 based on the upper price band .
JG Chemicals Limited IPO opens on Mar 5, 2024 and closes on Mar 7, 2024.
The allotment date of JG Chemicals Limited IPO is Mar 11, 2024.
JG Chemicals Limited IPO is expected to be listed on Mar 13, 2024, on BSE and NSE .
JG Chemicals Limited IPO listed on Mar 13, 2024. It was issued at ₹209.0(NSE) and is currently around ₹418.00 as on 14-May-2026 3:30 PM, which is approximately 89.1% versus issue price. The 52-week high is ₹558.00.
Based on listing and post-listing performance, JG Chemicals Limited IPO delivered around 89.1% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy JG Chemicals Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
JG Chemicals Limited IPO valuation snapshot: P/E 20.08, EPS ₹11.01/-, P/B 3.51, RoNW 8.16%, and market cap N/A.
To apply for JG Chemicals Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of JG Chemicals Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for JG Chemicals Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check JG Chemicals Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the JG Chemicals Limited IPO allotment status on IPO Ji for quick and easy access.