JG Chemicals IPO
The initial public offering (IPO) of JG Chemicals will open for subscription on March 05 and close on March 07, comprising fresh issues of Rs.165.00 Cr and offer for sale (OFS) of Rs.86.19 Cr. An investor can apply for the issue for a minimum of 67 shares and the listing will happen on March 13, 2024.
#1. Quick Intro to JG Chemicals
JG Chemicals Limited (1975) 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.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of JG Chemicals
The company intends to use the IPO Funds for the following purposes:
- Investment in a material subsidiary, viz. BDJ Oxides
(i) repayment or pre-payment, in full or in part, of all or certain borrowings availed by our material subsidiary.
(ii) funding capital expenditure requirements for setting up a research and development center situated in Naidupeta (“R&D Centre) and
(iii) funding its long-term working capital requirements.
2. Funding long-term working capital requirements of our company..
3. General corporate purposes.
#3. JG Chemicals Core Strengths
- Leading market position with a diversified customer base.
- High entry barriers in key end-use industries.
- Strong and consistent financial performance.
- Long-term relationships with customers and suppliers & having a robust supply chain.
- Experienced and dedicated management team.
- Focus on long-term sustainability with environmental initiatives and safety standards.
#4. JG Chemicals IPO Review & Rating
| Issue Size | Rs.251.19 Crore |
| Issue Price | Rs.210 to Rs.221 per share |
| Minimum Lot Size | 67 Shares |
| Total Profit (March 2023) | Rs.56.79 Crore |
| ROE | 8.20 |
| ROCE | 11.86 |
| Listing on | BSE NSE |
| IPO Deliver Rating | THREE |
#5. JG Chemicals IPO Dates, Price Band & Details
JG Chemicals IPO will open on March 05, 2024, and close on March 07, 2024. The IPO is to be listed on March 13, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.251.19 Crore |
| Price Brand | Rs.210 to Rs.221 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | March 05, 2024 |
| IPO Close Date | March 07, 2024 |
| IPO Allotment Date | March 11, 2024 |
| Refund Date | March 12, 2024 |
| Share Credit Date | March 12, 2024 |
| Listing Date | March 13, 2024 |
#6. JG Chemicals IPO Offer Details
JG Chemicals IPO’s total issue size is 11,366,063 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 7,466,063 | 165.00 |
| Offer for Sale (OFS) | 3,900,000 | 86.19 |
#7. JG Chemicals Financials Overview (Crore)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 794.19 | 623.05 | 440.41 |
| Net Worth | 199.89 | 147.66 | 108.48 |
| Profit | 56.79 | 43.13 | 28.80 |
| Total Borrowings | – | – | – |
#8. JG Chemicals Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | – | 12.61 | 7.39 |
| RoNW (%) | – | 27.09 | 21.61 |
| NAV (Rs.) | – | 46.55 | – |
#9. JG Chemicals Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in ……..) |
RoNW (%) | NAV (Rs.) |
| – | – | – | – |
| – | – | – | – |
#10. JG Chemicals Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Suresh Jhunjhunwala |
| 02. | Anirudh Jhunjhunwala |
| 03. | Anuj Jhunjhunwala |
#11. JG Chemicals Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100.00 |
| Post-issue | – |
#12. JG Chemicals IPO Reservation Details
JG Chemicals IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | Not less than 35% of the Issue size |
| QIB Shares Offered | Not more than 50% of the Issue size |
| NII (HNI) Shares Offered | Not less than 15% of the Issue size |
#13. JG Chemicals IPO – Lot Size
An investor can apply for a minimum of 67 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| 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 |
#14. JG Chemicals IPO – Prospectus Copy
An investor can download/view the JG Chemicals prospectus copy, which the company filed to exchange, details are as follows.
| JG Chemicals IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. JG Chemicals IPO Registrar
Kfin Technologies Limited
Phone No.: +91-4067162222
E-Mail: jgchemicals.ipo@kfintech.com
Website: www.kfintech.com
#16. JG Chemicals IPO Lead Managers
- Centrum Capital Limited
- Emkay Global Financial Services Limited
- Keynote Financial Services Limited
#17. JG Chemicals IPO Application (How to Apply for an IPO)
There are three primary options for applying for a JG Chemicals IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “JG Chemicals Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “JG Chemicals Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. JG Chemicals Company Details
JG Chemicals Limited
Registered Office: 34A, Metcalfe Street, Kolkata-700013, West Bengal, India.
Phone No: +91-33-40140100
Email: corporate@jgchem.com
Website: www.jgchem.com
Investor Grievances/Compliance Officer: Swati Poddar
#19. JG Chemicals Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | BDJ Oxides Private Limited |
| 02. | – |
#20. JG Chemicals Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Suresh Jhunjhunwala |
| 02. | Anirudh Jhunjhunwala |
JG Chemicals IPO – Frequently Asked Questions (FAQs)
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#1. What is a JG Chemicals IPO? JG Chemicals brings its IPO of Rs.251.19 Crore, on March 05, 2024, with a price band of Rs.210 to Rs.221 per share. |
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#2. What is the JG Chemicals IPO Open date? JG Chemicals IPO’s opening date is March 05, 2024. |
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#3. What is the JG Chemicals IPO Close Date? JG Chemicals IPO’s closing date is March 07, 2024. |
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#4. What is the JG Chemicals IPO Listing date? JG Chemicals’s IPO listing date is March 13, 2024. |
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#5. What is the JG Chemicals IPO Minimum investment amount? JG Chemicals IPO’s minimum investment amount is Rs. 14,807. |
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#6. What is the JG Chemicals IPO offer issue Size? JG Chemicals offers an issue size of Rs.251.19 Crore. |
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#7. What is the JG Chemicals IPO Price Band? JG Chemicals’s IPO price band is Rs.210 to Rs.221 per share. |
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#8. Is JG Chemicals IPO mainboard IPO or SME IPO? JG Chemicals IPO is a mainboard IPO. |
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