The JG Chemicals IPO commenced on March 5, 2024, and concluded on March 7, 2024. The allotment of shares took place on March 11, 2024, and the initiation of refunds began on March 12, 2024. The shares were credited to the demat accounts of investors on March 12, 2024. Finally, the listing of JG Chemicals on the stock exchange occurred on March 13, 2024.
The JG Chemicals IPO was priced at ₹210 to ₹221 per share, with a lot size of 67 shares. The total issue size was ₹251.19 crores, comprising a fresh issue of ₹165.00 crores and an offer for sale of ₹86.19 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
JG Chemicals IPO Basic Details
| Company Name | JG Chemicals Limited |
| Domain of Company | Chemical Company |
| JG Chemicals IPO GMP Today | ₹50 |
| JG Chemicals IPO Listing Gain | 22.62% |
| JG Chemicals IPO Open Date | March 5, 2024 |
| JG Chemicals IPO Close Date | March 7, 2024 |
| JG Chemicals IPO Allotment Date | March 11, 2024 |
| JG Chemicals IPO Listing Date | 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 |
| Company Promoters | Suresh Jhunjhunwala, Anirudh Jhunjhunwala and Anuj Jhunjhunwala |
JG Chemicals IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹50 | 22.62% | – | – |
| 4 March 2024 | ₹50 | 22.62% | – | – |
JG Chemicals IPO Details:
JG Chemicals Limited, established in 1975, is a zinc oxide manufacturer utilizing the French process. We proudly produce over 80 different grades of zinc oxide for various industrial uses.
Our product plays a crucial role in diverse applications, including ceramics, paints, coatings, pharmaceuticals, cosmetics, electronics, batteries, agrochemicals, fertilizers, specialty chemicals, lubricants, oil and gas, and even animal feed.
With three manufacturing facilities situated in Jangalpur and Belur (both in Kolkata, West Bengal) and Naidupeta in Nellore District, Andhra Pradesh, we cater to a wide range of industries. Naidupeta stands as our largest facility, owned and operated by our Material subsidiary. All our manufacturing facilities boast certifications, including ISO 45001:2018, ISO 14001:2015, and ISO 9001:2015.
Having served the needs of over 200 local and 50 international customers across more than 10 countries, we take pride in our global presence.
As of December 31, 2023, our dedicated team comprises 112 permanent employees, along with over 100 workers and apprentices.
For the nine-month period ending December 31, 2023, and the financial years 2023, 2022, and 2021, our company achieved operating income figures of ₹4,863.22 million, ₹7,845.76 million, ₹6,128.30 million, and ₹4,352.98 million, respectively.
JG Chemicals IPO More Details Click Here
JG Chemicals IPO FAQs
When is JG Chemicals IPO open?
JG Chemicals IPO will open on 5 March 2024.
When is JG Chemicals IPO Close?
JG Chemicals IPO will be closed on 7 March 2024.
What is JG Chemicals IPO GMP Today?
The JG Chemicals IPO GMP aka Grey Market Premium is ₹50.
What is JG Chemicals IPO Kostak Rates Today?
The JG Chemicals IPO Kostak Rate is ₹000.
What is JG Chemicals IPO Subject to Sauda Price Today?
The JG Chemicals IPO subject to sauda rates is ₹000.
JG Chemicals IPO Expected Returns?
The JG Chemicals IPO expected return is 22.62%.
How much will be the listing gain in JG Chemicals IPO?
JG Chemicals IPO will get listing gain of 22.62%. (Approx.)
