JG Chemicals Limited
Mainboard₹14,807 / 67 Shares
JG Chemicals Limited IPO Details
The JG Chemicals Limited IPO price band is set between ₹210-221 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 5 Mar, 2024 and closes on 7 Mar, 2024. Investors can check the allotment status on 11 Mar, 2024, while the listing date is tentatively scheduled for 13 Mar, 2024.
The total issue size is Total ₹251.19 Cr :#Fresh Issue : 7,466,063 shares, aggregating up to ₹165.00 Cr. Stay tuned for the latest JG Chemicals Limited IPO review and GMP updates.
JG Chemicals Limited IPO Review, Rating & Analysis
JG Chemicals Limited IPO Review
NO REVIEWJG Chemicals Limited IPO Rating
JG Chemicals Limited IPO Highlights
IPO Date
Mar 5, 2024 - Mar 7, 2024
Listing Date
13 Mar, 2024
Face Value
₹10 Per Equity Share
Price Band
₹210-221 per equity share
Lot Size
67 Shares
Fresh Issue
7,466,063 Shares
Offer for Sale
3,900,000 shares of ₹10
Listing At
BSE, NSE
JG Chemicals Limited IPO Lot Size
The minimum market lot for JG Chemicals Limited IPO is 67 shares with an application amount of ₹14,807. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 67 | ₹14,807 |
| Retail (Max) | 13 | 871 | ₹1,92,491 |
| S-HNI (Min) | 14 | 938 | ₹2,07,298 |
| S-HNI (Max) | 67 | 4489 | ₹9,92,069 |
| B-HNI (Min) | 68 | 4556 | ₹10,06,876 |
JG Chemicals Limited IPO Timeline
Issue Price
₹210-221 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
Centrum Capital LimitedEmkay Global Financial Services LtdKeynote Financial Services LtdIssue 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)
JG Chemicals Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 297.79 | 794.19 | 56.79 | 199.89 | 175.67 | - |
| 31 Mar 22 | 264.14 | 623.05 | 43.13 | 147.66 | 151.23 | - |
| 31 Mar 21 | 209.94 | 440.41 | 28.80 | 108.48 | 107.17 | - |
All values are in ₹ Cr.
JG Chemicals Limited IPO Valuations
EPS Pre IPO
₹13.6/-EPS Post IPO
₹11.01/-PE Pre IPO
16.25PE Post IPO
20.08ROE
8.20%ROCE
11.86%Debt Equity
0.11RoNW
8.16%PAT Margin
7.24Price to Book Value
3.51Promoters & Share Holding
Promoter(s) Name
- Suresh Jhunjhunwala
- Anirudh Jhunjhunwala
- Anuj Jhunjhunwala
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 70.99% |
About 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 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 |
Frequently Asked Questions about JG Chemicals Limited IPO
When will JG Chemicals Limited IPO open for subscription?
The JG Chemicals Limited IPO opens on 5 Mar, 2024 and closes on 7 Mar, 2024.
What is the investors portion for JG Chemicals Limited IPO?
The investors' portion for QIB is 32.09 x, NII is 48.59 x, and Retail is 17.43 x.
How to apply for JG Chemicals Limited IPO?
You can apply for JG Chemicals Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of JG Chemicals Limited IPO?
The issue size of JG Chemicals Limited IPO is approx ₹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) crores.
What is the price band of JG Chemicals Limited IPO?
The price band for JG Chemicals Limited IPO is ₹210 to ₹221 per equity share.
What is the lot size of JG Chemicals Limited IPO?
The minimum bid (lot size) for JG Chemicals Limited IPO is N/A shares with an investment of approx ₹14,807 .
What is the allotment date of JG Chemicals Limited IPO?
The allotment date for JG Chemicals Limited IPO is 11 Mar, 2024.
What is the listing date of JG Chemicals Limited IPO?
The listing date for JG Chemicals Limited IPO is expected to be 13 Mar, 2024.
What is the GMP of JG Chemicals Limited IPO?
The latest Grey Market Premium (GMP) for JG Chemicals Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.