J.G.Chemicals IPO vs Vibhor Steel Tubes IPO

Comparison between J.G.Chemicals IPO and Vibhor Steel Tubes IPO.

IPO Details

J.G.Chemicals IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vibhor Steel Tubes 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 Vibhor Steel Tubes IPO is up to ₹72.17 Cr. The final issue price of J.G.Chemicals IPO is ₹221.00 per share and of Vibhor Steel Tubes IPO is ₹151.00 per share.

 J.G.Chemicals IPOVibhor Steel Tubes IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹210.00 per share₹141.00 per share
Issue Price (Upper)₹221.00 per share₹151.00 per share
Issue Price (Final)₹221.00 per share₹151.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size67 shares99 shares
Fresh Issue Size74,66,063 shares47,79,443 shares
Fresh Issue Size (Amount)up to ₹165.00 Crup to ₹72.17 Cr
OFS Issue Size39,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹86.19 Crup to ₹0.00 Cr
Issue Size Total1,13,66,063 shares47,79,443 shares
Issue Size Total (Amount)up to ₹251.19 Crup to ₹72.17 Cr

IPO Timetable

J.G.Chemicals IPO opens on Mar 05, 2024, while Vibhor Steel Tubes IPO opens on Feb 13, 2024. The closing date of J.G.Chemicals IPO and Vibhor Steel Tubes IPO is Mar 07, 2024, and Feb 15, 2024, respectively.

 J.G.Chemicals IPOVibhor Steel Tubes IPO
Anchor Bid DateMar 04, 2024Feb 12, 2024
Issue OpenMar 05, 2024Feb 13, 2024
Issue CloseMar 07, 2024Feb 15, 2024
Basis Of Allotment (Tentative)Mar 11, 2024Feb 16, 2024
Initiation of Refunds (Tentative)Mar 12, 2024Feb 19, 2024
Credit of Share (Tentative)Mar 12, 2024Feb 19, 2024
Listing date (Tentative)Mar 13, 2024Feb 20, 2024
Anchor Lockin End date 1Apr 10, 2024Mar 17, 2024
Anchor Lockin End date 2Jun 09, 2024May 16, 2024

Financials & KPIs

J.G.Chemicals IPO P/E ratio is 16.25, as compared to Vibhor Steel Tubes IPO P/E ratio of 10.17.

 J.G.Chemicals IPOVibhor Steel Tubes 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
Assets376.48293.63248.54172.93
Total Income531.241,114.38818.48511.51
Profit After Tax8.5221.0711.330.69
NET Worth101.7693.2071.9760.49
Total Borrowing160.27126.83106.0758.74
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0098.24
Promoter Shareholding (Post-Issue)
P/E Ratio16.2510.17
Market Cap₹866.01 Cr.₹286.33 Cr.
ROE8.20%25.51%
ROCE11.86 %16.48%
Debt/Equity0.111.63
EPS₹13.60₹14.85
RoNW8.16%22.60%

Shares Offered

In the J.G.Chemicals IPO Retail Individual Investors (RII) are offered 39,78,123 shares while in Vibhor Steel Tubes 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 9,50,063 shares in Vibhor Steel Tubes IPO.

 J.G.Chemicals IPOVibhor Steel Tubes IPO
Anchor Investor Reservation34,09,818 shares14,24,907 shares
Market Maker Reservation
QIB22,73,212 shares9,50,063 shares
NII17,04,910 shares7,12,491 shares
RII39,78,123 shares16,62,479 shares
Employee29,503 shares
Others
Total1,13,66,063 shares47,79,443 shares

Bids Received (Subscription)

J.G.Chemicals IPO subscribed 28.52x in total, whereas Vibhor Steel Tubes IPO subscribed 320.05x.

 J.G.Chemicals IPOVibhor Steel Tubes IPO
QIB (times)32.33x191.41x
NII (times)47.92x772.49x
Big NII (times)50.26x754.37x
Small NII (times)43.24x808.72x
RII (times)18.03x201.52x
Employee (times)215.79x
Other (times)
Total (times)28.52x320.05x

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