Bookbuilding IPO | ₹251 Cr | Listed at BSE, NSE | Tue, Mar 5, 2024 - Thu, Mar 7, 2024
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 per share. The lot size for an application is 67. The minimum amount of investment required by an retail is ₹14,807 (67 shares) (based on upper price). 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 Open
Tue, Mar 5, 2024
IPO Close
Thu, Mar 7, 2024
Issue Price
₹221 per share
Market Cap (Pre-IPO)
₹866.01 Cr
| IPO Date | 5 to 7 Mar, 2024 |
| Listed on | Wed, Mar 13, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹210 to ₹221 |
| Issue Price | ₹221 per share |
| Lot Size | 67 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,13,66,063 shares (agg. up to ₹251 Cr) |
| Fresh Issue | 74,66,063 shares (agg. up to ₹165 Cr) |
| Offer for Sale | 39,00,000 shares of ₹10 (agg. up to ₹86 Cr) |
| Share Holding Pre Issue | 3,17,20,000 shares |
| Share Holding Post Issue | 3,91,86,063 shares |
| BSE Script Code / NSE Symbol | 544138 / JGCHEM |
| ISIN | INE0MB501011 |
J.G.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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 67 shares and in multiples thereof.
| 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 |
J.G.Chemicals IPO raises ₹75.36 crore from anchor investors. J.G.Chemicals IPO Anchor bid date is March 4, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Mar 4, 2024 |
| Shares Offered | 34,09,818 |
| Anchor Portion (₹ Cr.) | 75.36 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Apr 10, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jun 9, 2024 |
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.
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or pre-payment, in full or in part, of all or certain borrowings availed by our Material Subsidiary; | 25.00 |
| 2 | Funding capital expenditure requirements for setting up of R&D Centre | 6.06 |
| 3 | Funding its long-term working capital requirements | 60.00 |
| 4 | Funding long-term working capital requirements of our Company | 35.00 |
| 5 | General corporate purposes | 23.27 |
| KPI | Dec 31, 2023 |
|---|---|
| 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 (₹) | 13.60 | 11.01 |
| P/E (x) | 16.25 | 20.08 |
| Promoter Holding | 100.00% | |
| Market Cap | ₹866.01 Cr. |
The JG Chemicals IPO is subscribed 28.52 times on March 7, 2024 6:21:00 PM (Day 3). The public issue subscribed 18.03 times in the retail category, 32.33 times in the QIB category, and 47.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 32.33 | 22,73,214 | 7,34,93,841 |
| NII | 47.92 | 17,04,910 | 8,16,95,780 |
| bNII (bids above ₹10L) | 50.26 | 11,36,606 | 5,71,23,999 |
| sNII (bids below ₹10L) | 43.24 | 5,68,303 | 2,45,71,781 |
| Retail | 18.03 | 39,78,122 | 7,17,21,624 |
| Total | 28.52 | 79,56,246 | 22,69,11,245 |
Total Application : 10,12,547
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to BRLMs including underwriting commission, brokerage and selling commission, as applicable | 13.87 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Banker(s) to the Offer and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.75 |
| 3 | Fees payable to the Registrar to the Offer | 0.11 |
| 4 | Fees payable to the auditors, consultants and market research firms to the Offer | 0.46 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 2.04 |
| 6 | Printing and stationery expenses | 1.13 |
| 7 | Advertising and marketing expenses | 2.08 |
| 8 | Fee payable to legal counsels | 1.83 |
| 9 | Miscellaneous | 1.55 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹221.00 | ₹221.00 |
| Open | ₹211.00 | ₹209.00 |
| Low | ₹181.20 | ₹181.30 |
| High | ₹213.75 | ₹213.75 |
| Last Trade | ₹184.65 | ₹184.80 |
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 Crores. The issue is priced at ₹221 per share. The minimum order quantity is 67.
The IPO opens on Tue, Mar 5, 2024, and closes on Thu, Mar 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 Tue, Mar 5, 2024 and closes on Thu, Mar 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 Tue, Mar 12, 2024. Check the J.G.Chemicals IPO allotment status.
The J.G.Chemicals IPO listing date is on Wed, Mar 13, 2024.
