JG Chemicals IPO Details | GMP, Date, Price, Review

JG Chemicals IPO Details ( JG Chemicals Limited IPO Review )

(5 Mar 2024 – 7 Mar 2024)

Established in 1975, JG Chemicals Limited specializes in manufacturing zinc oxide using the French process. With a diverse product line, the company offers over 80 grades of zinc oxide.

This diversified product finds applications across various industries, including ceramics, paints, coatings, pharmaceuticals, cosmetics, electronics, batteries, agrochemicals, fertilizers, specialty chemicals, lubricants, oil and gas, and animal feed.

JG Chemicals Limited operates three manufacturing facilities situated in Jangalpur and Belur, both in Kolkata, West Bengal, and Naidupeta in Nellore District, Andhra Pradesh. The Naidupeta facility, owned by the Material subsidiary, is the largest. All manufacturing sites hold certifications for ISO 45001:2018 and ISO 14001:2015, and accreditation for ISO 9001:2015.

Having catered to the needs of over 200 local and 50 international customers in more than 10 countries, the company has established itself as a reliable global supplier.

As of December 31, 2023, JG Chemicals Limited boasts a dedicated team of 112 permanent employees, along with over 100 workers and apprentices.

For the nine-month period concluding on December 31, 2023, and the financial years 2023, 2022, and 2021, the company reported operating income figures of ₹4,863.22 million, ₹7,845.76 million, ₹6,128.30 million, and ₹4,352.98 million, respectively.

JG Chemicals Limited IPO Competitive Strength

• Leading market position with a diversified customer base
• High entry barriers in key end-use industries
• Strong and consistent financial performance
• Long-term relationships with customers and suppliers & having robust supply chain
• Experienced and dedicated management team
• Focus on long term sustainability with environmental initiatives and safety standards

JG Chemicals IPO Financials Performance ( Results )

JG Chemicals Limited Financial Information (Restated Consolidated)

All Amount in ₹ Crores

Period Ended	Total Assets	Total Revenue	PAT	EPS (₹)	Net Worth	NAV (₹)	Reserves
31-Mar-21	209.94	440.41	28.80	7.39	108.48	34.20	107.17
31-Mar-22	264.14	623.05	43.13	12.61	147.66	46.55	151.23
31-Mar-23	297.79	794.19	56.79	17.32	199.89	63.02	175.67
31-Dec-23	271.26	491.10	18.51	5.60	217.86	68.68	193.22

Objective of JG Chemicals IPO Issue

• Investment in Material Subsidiary, viz. BDJ Oxides (i) repayment or pre-payment, in full or in part, of all or certain borrowings availed by its Material Subsidiary; (ii) funding capital expenditure requirements for setting up of a research and development center situated in Naidupeta, Andhra Pradesh (R&D Centre); and (iii) funding its long-term working capital requirements;
• Funding long-term working capital requirements of the Company; and
• General corporate purposes.

JG Chemicals IPO Basic Details

IPO Date	Mar 5, 2024 to Mar 7, 2024
Listing Date	Wednesday, March 13, 2024
Face Value	₹10 per share
Price	₹210 to ₹221 per share
Lot Size	67 Shares
Issue Size	11,366,063 shares of ₹10 (aggregating up to ₹251.19 Cr)
Fresh Issue	7,466,063 shares of ₹10 (aggregating up to ₹165.00 Cr)
Offer for Sale	3,900,000 shares of ₹10 (aggregating up to ₹86.19 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE, BSE
Share holding pre issue	31,720,000
Share holding post issue	39,186,063
Company Promoters	Suresh Jhunjhunwala, Anirudh Jhunjhunwala and Anuj Jhunjhunwala

JG Chemicals IPO Reservation

QIB Shares Offered	50% of the Net Issue
NII (HNI) Shares Offered	15% of the Net Issue
Retail Shares Offered	35% of the Net Issue

JG Chemicals IPO Timetable

JG Chemicals IPO will open on March 5, 2024 and close on March 7, 2024. You can join JG Chemicals IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	5 March 2024 (Tuesday)
Closing Date	7 March 2024 (Thursday)
Basis of Allotment	11 March 2024 (Monday)
Initiation of Refunds	12 March 2024 (Tuesday)
Credit of Shares to Demat	12 March 2024 (Tuesday)
Listing Date	13 March 2024 (Wednesday)
Deadline for UPI mandate confirmation	5 PM on  March 2024

JG Chemicals IPO Lot Size

For retail investors in JG Chemicals IPO, 67 shares will come in 1 lot or the minimum investment will be ₹14,807. Retail-individual investors can apply for up to 13 lots or the maximum investment will be ₹192,491.

Application	Lots	Shares	Amount
Retail (Min)	1	67	₹14,807
Retail (Max)	13	871	₹192,491
S-HNI (Min)	14	938	₹207,298
S-HNI (Max)	67	4,489	₹992,069
B-HNI (Min)	68	4,556	₹1,006,876

JG Chemicals IPO Promoter Holding

The company’s promoters include Suresh Jhunjhunwala, Anirudh Jhunjhunwala and Anuj Jhunjhunwala.

Pre Issue Share Holding	100.00%
Post Issue Share Holding

JG Chemicals Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	866.01
Earning Per Share (EPS)	₹13.60 per Equity Share
Net Asset Value (NAV)	₹63.02 per Equity Share
P/E Ratio (P/E) (x)	16.25
Post P/E Ratio (P/E) (x)	20.08
Return on Net Worth (RoNW) (%)	8.16
Return on equity (ROE) (%)	8.20
Return on Capital Employed (ROCE) (%)	11.86
Debt/Equity Ratio	0.11
Price/Book Value Ratio	3.51

JG Chemicals IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹50	–	–
3 March 2024	₹50	–	–

JG Chemicals IPO Detail Video:

JG Chemicals IPO Subscription Status (Bidding Detail)

The JG Chemicals IPO on March 7, 2024 at 7:00:00 PM was subscribed 28.52 times, with the retail category being subscribed 18.03 times, the NII (Non-Institutional Investor) category being subscribed 47.92 times, QIB (Qualified-Institutional Buyers) category being subscribed 32.33 times.

Category	Subscription
QIB	32.33x
NII	47.92x
Retail	18.03x
Total	28.52x

JG Chemicals IPO Prospectus

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JG Chemicals IPO Anchor Investors Details PDF	Download

JG Chemicals IPO Rating

Our Rating

3.5/5.0

JG Chemicals Company Contact Information

JG Chemicals Limited

Corporate Identity Number: U24100WB2001PLC093380
Registered Office: Adventz Infinity @ 5, 15th Floor, Unit 1511, Plot 5 Block – BN, Sector – V, Salt Lake Electronics Complex, Bidhan Nagar CK Market, North 24 Parganas, Saltlake, West Bengal, 700 091, India;
Tel: +91 33 4014 0100
Contact Person: Swati Poddar
Website: www.jgchem.com
E-mail: corporate@jgchem.com
Our Promoters: Suresh Jhunjhunwala, Anirudh Jhunjhunwala and Anuj Jhunjhunwala

JG Chemicals IPO Registrar

KFin Technologies Limited

Registered Office: Selenium, Tower B, Plot No. 31 and 32 Financial District, Nanakramguda, Serilingampally Hyderabad, Rangareddi 500 032, Telangana, India
Telephone: +91 40 6716 2222;
Toll Free No.: 18003094001
E-mail: jgchemicals.ipo@kfintech.com
Website: www.kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Contact Person: M. Murali Krishna
SEBI registration number.: INR000000221

JG Chemicals IPO Lead Manager

Centrum Capital Limited

Registered Office: Level 9, Centrum House, C.S.T. Road, Vidyanagari Marg, Kalina, Santacruz (East), Mumbai 400 098, Maharashtra, India
Telephone: +91 22 4215 9000
E-mail: jgcl.ipo@centrum.co.in
Investor Grievance E-mail: igmbd@centrum.co.in
Website: www.centrum.co.in
Contact Person: Sooraj Bhatia / Pooja Sanghvi
SEBI registration number: INM000010445

Emkay Global Financial Services Limited

Registered Office: The Ruby, 7th Floor, Senapati Bapat Marg, Dadar (West), Mumbai 400 028, Maharashtra, India
Telephone: +91 22 6612 1212
E-mail: jgcl.ipo@emkayglobal.com
Investor Grievance E-mail: ibg@emkayglobal.com
Website: www.emkayglobal.com
Contact person: Pranav Nagar / Pooja Sarvankar
SEBI registration number: INM000011229

Keynote Financial Services Limited

Registered Office: The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (West), Mumbai 400 028, Maharashtra, India
Telephone: +91 22 6826 6000
E-mail: mbd@keynoteindia.net
Investor grievance e-mail: investors@keynoteindia.net
Website: www.keynoteindia.net
Contact Person: Sunu Thomas
SEBI registration number: INM000003606

JG Chemicals IPO FAQs