J.G.Chemicals IPO vs Popular Vehicles IPO

Comparison between J.G.Chemicals IPO and Popular Vehicles IPO.

IPO Details

J.G.Chemicals IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Popular Vehicles IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of J.G.Chemicals IPO is up to ₹251.19 Cr whereas the issue size of the Popular Vehicles IPO is up to ₹601.55 Cr. The final issue price of J.G.Chemicals IPO is ₹221.00 per share and of Popular Vehicles IPO is ₹295.00 per share.

 J.G.Chemicals IPOPopular Vehicles IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹210.00 per share₹280.00 per share
Issue Price (Upper)₹221.00 per share₹295.00 per share
Issue Price (Final)₹221.00 per share₹295.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹28.00 per share
Market Lot Size67 shares50 shares
Fresh Issue Size74,66,063 shares84,76,753 shares
Fresh Issue Size (Amount)up to ₹165.00 Crup to ₹250.04 Cr
OFS Issue Size39,00,000 shares1,19,17,075 shares
OFS Issue Size (Amount)up to ₹86.19 Crup to ₹351.52 Cr
Issue Size Total1,13,66,063 shares2,03,93,828 shares
Issue Size Total (Amount)up to ₹251.19 Crup to ₹601.55 Cr

IPO Timetable

J.G.Chemicals IPO opens on Mar 05, 2024, while Popular Vehicles IPO opens on Mar 12, 2024. The closing date of J.G.Chemicals IPO and Popular Vehicles IPO is Mar 07, 2024, and Mar 14, 2024, respectively.

 J.G.Chemicals IPOPopular Vehicles IPO
Anchor Bid DateMar 04, 2024Mar 11, 2024
Issue OpenMar 05, 2024Mar 12, 2024
Issue CloseMar 07, 2024Mar 14, 2024
Basis Of Allotment (Tentative)Mar 11, 2024Mar 15, 2024
Initiation of Refunds (Tentative)Mar 12, 2024Mar 18, 2024
Credit of Share (Tentative)Mar 12, 2024Mar 18, 2024
Listing date (Tentative)Mar 13, 2024Mar 19, 2024
Anchor Lockin End date 1Apr 10, 2024Apr 14, 2024
Anchor Lockin End date 2Jun 09, 2024Jun 13, 2024

Financials & KPIs

J.G.Chemicals IPO P/E ratio is 16.25, as compared to Popular Vehicles IPO P/E ratio of 28.88.

 J.G.Chemicals IPOPopular Vehicles IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets271.26297.79264.14209.94
Total Income491.10794.19623.05440.41
Profit After Tax18.5156.7943.1328.80
NET Worth217.86199.89147.66108.48
Reserves and Surplus193.22175.67151.23107.17
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,941.781,503.781,263.291,118.94
Total Income2,848.214,892.633,484.202,919.25
Profit After Tax40.0464.0733.6732.46
NET Worth384.21343.04279.89246.00
Reserves and Surplus371.67330.50267.34233.46
Total Borrowing764.61505.01371.91353.04
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0069.45
Promoter Shareholding (Post-Issue)61.17
P/E Ratio16.2528.88
Market Cap₹866.01 Cr.₹2100.28 Cr.
ROE8.20%10.42%
ROCE11.86 %8.83%
Debt/Equity0.111.99
EPS₹13.60₹10.22
RoNW8.16%10.42%

Shares Offered

In the J.G.Chemicals IPO Retail Individual Investors (RII) are offered 39,78,123 shares while in Popular Vehicles IPO retail investors are offered 39,78,123 shares. Qualified Institutional Buyers (QIB) are offered 22,73,212 shares in J.G.Chemicals IPO and 40,71,550 shares in Popular Vehicles IPO.

 J.G.Chemicals IPOPopular Vehicles IPO
Anchor Investor Reservation34,09,818 shares61,07,325 shares
Market Maker Reservation
QIB22,73,212 shares40,71,550 shares
NII17,04,910 shares30,53,663 shares
RII39,78,123 shares71,25,214 shares
Employee37,453 shares
Others
Total1,13,66,063 shares2,03,95,205 shares

Bids Received (Subscription)

J.G.Chemicals IPO subscribed 28.52x in total, whereas Popular Vehicles IPO subscribed 1.25x.

 J.G.Chemicals IPOPopular Vehicles IPO
QIB (times)32.33x1.92x
NII (times)47.92x0.67x
Big NII (times)50.26x0.67x
Small NII (times)43.24x0.68x
RII (times)18.03x1.07x
Employee (times)8.04x
Other (times)
Total (times)28.52x1.25x

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