The JG Chemicals IPO started on March 5, 2024, and ended on March 7, 2024. Shares were allocated on March 11, 2024, and refund processes began on March 12, 2024. On March 12, 2024, the shares were credited to investors demat accounts. JG Chemicals was officially listed on the stock exchange on March 13, 2024.
During the IPO, JG Chemicals offered shares at a price range of ₹210 to ₹221 per share, and the lot size was 67 shares. The total issue size was ₹251.19 crores, with ₹165.00 crores from new shares and ₹86.19 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
JG Chemicals IPO Subscription Update Video
JG Chemicals IPO Subscription Status
The JG Chemicals IPO on March 7, 2024 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, the 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 Basic Details
| Company Name | JG Chemicals Limited |
| Domain of Company | Chemical Company |
| 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 |
About JG Chemicals Limited
Established in 1975, JG Chemicals Limited is a leading zinc oxide manufacturer using the French process. With over 80 grades of zinc oxide in their portfolio, the company plays a crucial role in various industrial sectors.
Their versatile product finds applications in ceramics, paints and coatings, pharmaceuticals, cosmetics, electronics, batteries, agrochemicals, fertilizers, specialty chemicals, lubricants, oil and gas, and animal feed.
Operating from three manufacturing facilities in Jangalpur and Belur, both in Kolkata, West Bengal, and Naidupeta in Nellore District, Andhra Pradesh, JG Chemicals is proud to have Naidupeta as its largest facility, owned and operated by the Material subsidiary. All manufacturing units are certified with ISO 45001:2018 and ISO 14001:2015, along with ISO 9001:2015 accreditation.
Having catered to the needs of more than 200 local and 50 international customers across 10 countries, the company stands as a reliable global player.
As of December 31, 2023, JG Chemicals Limited boasts a dedicated team of 112 permanent employees, along with over 100 workers and apprentices.
Reflecting their financial strength, for the nine-month period ending December 31, 2023, and the fiscal years 2023, 2022, and 2021, the company reported operating incomes of ₹4,863.22 million, ₹7,845.76 million, ₹6,128.30 million, and ₹4,352.98 million, respectively.
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JG Chemicals IPO FAQs
What is the start and end date of JG Chemicals IPO Subscription?
The JG Chemicals IPO started on March 5, 2024, and ended on March 7, 2024.
When does JG Chemicals IPO Subscription open?
The JG Chemicals IPO open on March 5, 2024.
When does JG Chemicals IPO Subscription close?
The JG Chemicals IPO Close on March 7, 2024.
What is the allotment date of JG Chemicals IPO?
The allotment date for JG Chemicals IPO is March 11, 2024.
When is the initial refund date of JG Chemicals IPO?
The initial Refund date for JG Chemicals IPO is March 12, 2024.
When were the shares credited to investors demat accounts for the JG Chemicals IPO?
The shares for the JG Chemicals IPO were credited to investors demat accounts on March 12, 2024.
When will JG Chemicals IPO be listed on the stock market?
JG Chemicals IPO stock market will be listed on March 13, 2024 at 10 am.
What was the price range of the JG Chemicals IPO shares?
The JG Chemicals IPO shares were offered at a price range of ₹210 to ₹221 per share.
What was the lot size for the JG Chemicals IPO shares?
The lot size for the JG Chemicals IPO shares was 67 shares.
What was the total issue size of the JG Chemicals IPO?
The total issue size of the JG Chemicals IPO was ₹251.19 crores.
How were the shares allocated among different types of investors for the JG Chemicals IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the JG Chemicals IPO listed?
The JG Chemicals IPO was listed on both the NSE and BSE.
What is the JG Chemicals IPO Subscription Status?
JG Chemicals IPO is subscribed 28.52 Times.
