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J.G.Chemicals IPO is a book build issue of ₹251.19 crores. The issue is a combination of fresh issue of 0.75 crore shares aggregating to ₹165.00 crores and offer for sale of 0.39 crore shares aggregating to ₹86.19 crores.
J.G.Chemicals IPO bidding started from Mar 5, 2024 and ended on Mar 7, 2024. The allotment for J.G.Chemicals IPO was finalized on Mar 11, 2024. The shares got listed on BSE, NSE on Mar 13, 2024.
J.G.Chemicals IPO price band is set at ₹221.00 per share . The lot size for an application is 67. The minimum amount of investment required by an retail is ₹14,070 (67 shares). The lot size investment for sNII is 14 lots (938 shares), amounting to ₹2,07,298, and for bNII, it is 68 lots (4,556 shares), amounting to ₹10,06,876.
Centrum Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to J.G.Chemicals IPO RHP for detailed Information.
| IPO Date | March 5, 2024 to March 7, 2024 |
| Listing Date | March 13, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹210 to ₹221 per share |
| Issue Price Final | ₹221 per share |
| Lot Size | 67 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,13,66,063 shares (aggregating up to ₹251.19 Cr) |
| Fresh Issue | 74,66,063 shares (aggregating up to ₹165.00 Cr) |
| Offer for Sale | 39,00,000 shares of ₹10 (aggregating up to ₹86.19 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,17,20,000 shares |
| Share Holding Post Issue | 3,91,86,063 shares |
JG Chemicals IPO offers total 1,13,66,063 shares. Out of which 56,83,030 (50.00%) allocated to QIB, 22,73,212 (20.00%) allocated to QIB, 17,04,910 (15.00%) allocated to NII, 39,78,123 (35.00%) allocated to RII and 34,09,818 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 56,83,030 (50.00%) | NA |
| − Anchor Investor Shares Offered | 34,09,818 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 22,73,212 (20.00%) | NA |
| NII (HNI) Shares Offered | 17,04,910 (15.00%) | NA |
| − bNII > ₹10L | 11,36,607 (10.00%) | 1,211 |
| − sNII < ₹10L | 5,68,303 (5.00%) | 605 |
| Retail Shares Offered | 39,78,123 (35.00%) | 59,374 |
| Total Shares Offered | 1,13,66,063 (100.00%) |
J.G.Chemicals IPO raises ₹75.36 crore from anchor investors. J.G.Chemicals IPO Anchor bid date is March 4, 2024. J.G.Chemicals IPO Anchor Investors list
| Bid Date | March 4, 2024 |
| Shares Offered | 34,09,818 |
| Anchor Portion Size (In Cr.) | 75.36 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 10, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 9, 2024 |
J.G.Chemicals IPO opens on March 5, 2024, and closes on March 7, 2024.
| IPO Open Date | Tue, Mar 5, 2024 |
| IPO Close Date | Thu, Mar 7, 2024 |
| Tentative Allotment | Mon, Mar 11, 2024 |
| Initiation of Refunds | Tue, Mar 12, 2024 |
| Credit of Shares to Demat | Tue, Mar 12, 2024 |
| Tentative Listing Date | Wed, Mar 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 7, 2024 |
Investors can bid for a minimum of 67 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 67 | ₹14,807 |
| Retail (Max) | 13 | 871 | ₹1,92,491 |
| S-HNI (Min) | 14 | 938 | ₹2,07,298 |
| S-HNI (Max) | 67 | 4,489 | ₹9,92,069 |
| B-HNI (Min) | 68 | 4,556 | ₹10,06,876 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
JG Chemicals Limited was founded in 1975 and is a zinc oxide manufacturer using the French process. The company produces more than 80 grades of zinc oxide.
This product is used in various industrial applications such as ceramics, paints and coatings, pharmaceuticals and cosmetics, electronics and batteries, agrochemicals and fertilizers, specialty chemicals, lubricants, oil and gas, and animal feed.
The company operates three manufacturing facilities in Jangalpur and Belur, both in Kolkata, West Bengal and Naidupeta in Nellore District, Andhra Pradesh. Naidupeta is the largest facility, owned and operated by the Material subsidiary. All manufacturing facilities are ISO 45001:2018 and ISO 14001:2015 certified and ISO 9001:2015 accredited.
The company has served the needs of more than 200 local and 50 international customers in more than 10 countries.
As of December 31, 2023, the company employed 112 permanent employees, over 100 workers and apprentices.
For the nine-month period ended December 31, 2023 and the financial years 2023, 2022 and 2021, the Company recorded operating income of ₹ 4,863.22 million, ₹ 7,845.76 million, ₹ 6,128.30 million and ₹ 4,352.98 million respectively.
JG Chemicals Limited's revenue increased by 27.47% and profit after tax (PAT) rose by 31.69% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 271.26 | 297.79 | 264.14 | 209.94 |
| Total Income | 491.10 | 794.19 | 623.05 | 440.41 |
| Profit After Tax | 18.51 | 56.79 | 43.13 | 28.80 |
| Net Worth | 217.86 | 199.89 | 147.66 | 108.48 |
| Reserves and Surplus | 193.22 | 175.67 | 151.23 | 107.17 |
| Amount in ₹ Crore | ||||
The market capitalization of J.G.Chemicals IPO is ₹866.01 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 8.20% |
| ROCE | 11.86 % |
| Debt/Equity | 0.11 |
| RoNW | 8.16% |
| PAT Margin | 7.24% |
| Price to Book Value | 3.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 13.60 | 11.01 |
| P/E (x) | 16.25 | 20.08 |
[Dilip Davda] The company is India’s largest zinc oxide manufacturer serving to almost all top tyre manufacturing companies globally. After posting growth in its top and bottom lines for FY21 to FY23, it marked degrowth for 9M-FY24 on account of drastic fall in zinc oxide prices globally. As the reversal in trends are witnessed, the company will be back on track soon. Though based on FY24 annualized earnings, the issue appears fully priced, it is worth considering for the medium to long term rewards. Read detail review...
| Listing Date | March 13, 2024 |
| BSE Script Code | 544138 |
| NSE Symbol | JGCHEM |
| ISIN | INE0MB501011 |
| Final Issue Price | ₹221 per share |
| BSE Listing Group | B |
J.G.Chemicals Ltd.
34A,
Metcalfe Street,
Kolkata – 700 013
Kolkata, West Bengal
Phone: +91 33 4014 0100
Email: corporate@jgchem.com
Website: https://jgchem.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: jgchemicals.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
J.G.Chemicals IPO is a main-board IPO of 1,13,66,063 equity shares of the face value of ₹10 aggregating up to ₹251.19 Crores. The issue is priced at ₹221 per share. The minimum order quantity is 67.
The IPO opens on March 5, 2024, and closes on March 7, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in J.G.Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in J.G.Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in J.G.Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The J.G.Chemicals IPO opens on March 5, 2024 and closes on March 7, 2024.
J.G.Chemicals IPO lot size is 67, and the minimum amount required for application is ₹14,807.
You can apply in J.G.Chemicals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for J.G.Chemicals IPO will be done on Monday, March 11, 2024, and the allotted shares will be credited to your demat account by Tuesday, March 12, 2024. Check the J.G.Chemicals IPO allotment status.
The J.G.Chemicals IPO listing date is on Wednesday, March 13, 2024.
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