JG Chemicals IPO Price: ₹210 to ₹221
IPO Date Range: Mar 5, 2024 - Mar 7, 2024
Established in 1975, JG Chemicals Limited specializes in manufacturing zinc oxide through the French process. With a diverse product range, the company creates over 80 distinct grades of zinc oxide.
With a diverse range of over 80 grades, the company manufactures zinc oxide, a versatile product essential for numerous industrial applications. These include ceramics, paints, coatings, pharmaceuticals, cosmetics, electronics, batteries, agrochemicals, fertilizers, specialty chemicals, lubricants, oil and gas, as well as animal feed.
The company runs three manufacturing facilities strategically located in Jangalpur and Belur within Kolkata, West Bengal, and Naidupeta in the Nellore District of Andhra Pradesh. Notably, Naidupeta stands as the largest facility, under the ownership and operation of the Material subsidiary. All manufacturing sites hold prestigious certifications, including ISO 45001:2018 and ISO 14001:2015, and boast accreditation under ISO 9001:2015 standards.
Having effectively catered to the requirements of over 200 local and 50 international customers spanning more than 10 countries, the company has established itself as a reliable global partner.
| IPO Date | March 5, 2024 to March 7, 2024 |
| Listing Date | Wednesday, March 13, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹210 to ₹221 per share |
| Lot Size | 67 shares |
| Total Issue Size | 11,366,063 shares (aggregating up to ₹251.19 Cr) |
| Fresh Issue | 7,466,063 shares (aggregating up to ₹165.00 Cr) |
| Offer For Sale | 3,900,000 shares (aggregating up to ₹86.19 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 31,720,000 |
| Share holding post issue | 39,186,063 |
Bidders have the opportunity to bid for a minimum of 67 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 67 | ₹14,807 |
| Retail (Max) | 13 | 871 | ₹192,491 |
| S-HNI (Min) | 14 | 938 | ₹207,298 |
| S-HNI (Max) | 67 | 4,489 | ₹992,069 |
| B-HNI (Min) | 68 | 4,556 | ₹1,006,876 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Tuesday, March 5, 2024 |
| IPO Close Date | Thursday, March 7 2024 |
| Basis of Allotment | Monday, March 11, 2024 |
| Initiation of Refunds | Tuesday, March 12, 2024 |
| Credit of Shares to Demat | Tuesday, March 12, 2024 |
| Listing Date | Wednesday, March 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 7, 2024 |
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JG Chemicals Limited experienced a notable surge in revenue, marking a substantial 27.47% increase, while the profit after tax (PAT) saw an even more impressive rise of 31.69%. This positive financial trajectory occurred between the fiscal year ending on March 31, 2023, and the corresponding period concluding on March 31, 2022.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 31 Dec 2023 |
|---|---|---|---|---|
| Assets | 209.94 | 264.14 | 297.79 | 271.26 |
| Revenue | 440.41 | 623.05 | 794.19 | 491.10 |
| Profit After Tax | 28.80 | 43.13 | 56.79 | 18.51 |
| Net Worth | 108.48 | 147.66 | 199.89 | 217.86 |
| Reserves & Surplus | 107.17 | 151.23 | 175.67 | 193.22 |
| KPI | Values |
|---|---|
| Market Cap (Rs Cr) | 866.01 |
| P/E (x) | 16.25 |
| ROE | 8.20% |
| ROCE | 11.86% |
| Debt/ Equity | 0.11 |
| EPS | 13.6 |
| RoNW | 8.16% |
The company plans to allocate the Net Proceeds for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. JG Chemicals DRHP and JG Chemicals RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"JG Chemicals Limited" IPO is ₹ 210 to ₹221 per share.
The "JG Chemicals Limited" IPO is expected to be listed on Wednesday, 13 March 2024.
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