JG Chemicals Limited IPO
JG Chemicals Limited IPO bidding starts from March 5, 2024 and ends on March 7, 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 March 13, 2024. JG Chemicals Limited IPO price band is set at ₹210 to ₹221 per share. The minimum lot size for an application is 67 Shares. The minimum amount of investment required by retail investors is ₹14,807.
Important Dates:-
Particulars | Value |
---|---|
Open Date:- | March 5, 2024 |
Close Date:- | March 7, 2024 |
Allotment Date:- | March 11, 2024 |
Listing Date:- | March 13, 2024 |
About JG Chemicals Limited :-
Founded in 1975, JG Chemicals Limited specializes in manufacturing zinc oxide using the French process, offering a diverse range of over 80 grades of this product.
Their zinc oxide finds application across various industries including ceramics, paints and coatings, pharmaceuticals and cosmetics, electronics and batteries, agrochemicals and fertilizers, specialty chemicals, lubricants, oil and gas, and animal feed.
Operating three manufacturing facilities situated in Jangalpur and Belur, both located in Kolkata, West Bengal, and Naidupeta in Nellore District, Andhra Pradesh, JG Chemicals Limited has its largest facility in Naidupeta, owned and operated by its Material subsidiary. All these manufacturing facilities boast certifications including ISO 45001:2018 and ISO 14001:2015 for occupational health and safety management systems and environmental management systems respectively, along with ISO 9001:2015 accreditation for quality management systems.
Having catered to the requirements of over 200 domestic and 50 international clients spanning across more than 10 countries, JG Chemicals Limited has established itself as a prominent player in the market.
As of December 31, 2023, the company had a workforce comprising 112 permanent employees, along with over 100 workers and apprentices.
In terms of financial performance, for the nine-month period ending December 31, 2023, and the fiscal years 2023, 2022, and 2021, JG Chemicals Limited recorded operating incomes of ₹ 4,863.22 million, ₹ 7,845.76 million, ₹ 6,128.30 million, and ₹ 4,352.98 million respectively.
Contact Details :-
Address:- JG Chemicals Limited 34A, Metcalfe Street, Kolkata – 700 013
Phone:- +91 33 4014 0100
E-mail:- corporate@jgchem.com
Website:- https://jgchem.com/
IPO Details :-
Particulars | Value |
---|---|
IPO Type:- | Mainline |
Price:- | ₹210 to ₹221 |
Lot Size:- | 67 |
Minimum Amount for 1 Lot:- | ₹14,807 |
Listing At:- | BSE, NSE |
Total issue of Shares:- | 1,13,66,063 |
Total issue Size:- | ₹251.19 Crore |
Fresh issue of Shares:- | 74,66,063 |
Fresh issue Size:- | ₹165 Crore |
Offer for Sale issue of Shares:- | 39,00,000 |
Offer for Sale issue Size:- | ₹86.19 Crore |
Face Value:- | ₹10 per Equity Share |
Retail Quota:- | 35% |
QIB Quota:- | 50% |
NII Quota:- | 15% |
Financial Information :-
Amount in ₹ Crore
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
Assets | 271.26 | 297.79 | 264.14 | 209.94 |
Revenue | 491.10 | 794.19 | 623.05 | 440.41 |
Profit After Tax | 18.51 | 56.79 | 43.13 | 28.80 |
Net Worth | 217.86 | 199.89 | 147.66 | 108.48 |
Reserves and Surplus | 193.22 | 175.67 | 151.23 | 107.17 |
Total Borrowing |
Key Performance Indicator :-
Particulars | Value |
---|---|
Market Cap (₹ in Crore):- | 866 |
ROE:- | 8.20% |
ROCE:- | 11.86% |
Debt/Equity:- | 0.11 |
RoNW:- | 8.16% |
IPO Registrar :-
Name:- Kfin Technologies Limited
Website:- https://kosmic.kfintech.com/ipostatus/
IPO Prospectus :-
Particulars | Link |
---|---|
JG Chemicals Limited IPO DHRP:- | Click Here |
JG Chemicals Limited IPO RHP:- | Click Here |
GMP :-
GMP Date | GMP | Estimated Listing Price | Estimated Listing Gain |
---|---|---|---|
03-03-2024 | ₹50 | ₹271 | 22.62% |
04-03-2024 | ₹50 | ₹271 | 22.62% |
05-03-2024 | ₹50 | ₹271 | 22.62% |
06-03-2024 | ₹25 | ₹246 | 11.31% |
07-03-2024 | ₹20 | ₹241 | 9.05% |
08-03-2024 | ₹21 | ₹242 | 9.5% |
09-03-2024 | ₹32 | ₹253 | 14.48% |
10-03-2024 | ₹32 | ₹253 | 14.48% |
11-03-2024 | ₹32 | ₹253 | 14.48% |
12-03-2024 | ₹5 | ₹226 | 2.26% |
13-03-2024 | ₹5 | ₹226 | 2.26% |
Subscription Details :-
Date | QIB | NII | Retail | Total |
---|---|---|---|---|
March 5, 2024 | 0.02 | 3.03 | 3.85 | 2.58 |
March 6, 2024 | 0.46 | 10.00 | 8.73 | 6.64 |
March 7, 2024 | 32.33 | 47.92 | 18.03 | 28.52 |
Allotment Status:-
Particulars | Link |
---|---|
Check Allotment Status (available on March 11, 2024) | Click Here |
Listing Details :-
Particulars | Value |
---|---|
Listing Date:- | March 13, 2024 |
BSE Script Code:- | 544138 |
NSE Symbol :- | JGCHEM |
ISIN:- | INE0MB501011 |
Final Issue Price:- | ₹221.00 |
Open:- | ₹209.00 |
Low:- | ₹181.30 |
High:- | ₹213.75 |
Close:- | ₹184.80 |
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