JG Chemicals Limited IPO

Mainboard

Specialty Chemicals

Listed On: Mar 13, 2024 at ₹ 209.0(NSE)

₹ 14807 /67 Shares

Check Allotment

Price Summary

Last Closing

415.60 (88.05%)

52 Week High

464.00

52 Week Low

171.35

Last Update

19-Sep-2024 3:30 PM

JG Chemicals Limited IPO Details

05 Mar, 2024

Open Date

07 Mar, 2024

Close Date

11 Mar, 2024

Allotment Date

13 Mar, 2024

Listing Date

Issue Price

₹210-221 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

209.0(NSE)

Listing Date

2024-03-13

Market 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 Limited
Emkay 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 times

IPO Docs

DRHP RHP ANCHOR

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

Total No. of Applications: 10,12,547 (Approx)

JG Chemicals Limited Valuations

EPS Pre IPO

₹13.6/-

EPS Post IPO

₹11.01/-

P/E Pre IPO

16.25

P/E Post IPO

20.08

RoNW

8.16%

JG 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%

Company Promoter(s)

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

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 - 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.