JG Chemicals IPO Details
| IPO Size | 251.19 |
| Price Range | ₹220 to ₹221 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 67 |
| Investment (cut-off price) | ₹14,807 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
JG Chemicals IPO Timelines
05/03/2024
Start Date07/03/2024
End Date12/03/2024
Refund Initiation12/03/2024
Credit of Shares to Demat Ac13/03/2024
Listing DateJG Chemicals IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 67 | ₹14,807 |
| Retail Maximum | 13 | 871 | ₹192,491 |
| S-HNI Minimum | 14 | 938 | ₹207,298 |
| B-HNI Minimum | 68 | 45557 | ₹1,006,876 |
JG Chemicals IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 32.09 x | 46.33 x | 17.44 x | -- | 27.78 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹209 | ₹184.80 | ₹213.75 | ₹181.30 |
JG Chemicals IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹407.27 | ₹388.16 | ₹13.95 |
| FY 2022 | ₹440.40 | ₹399.20 | ₹28.80 |
| FY 2023 | ₹623.05 | ₹565.60 | ₹43.13 |
| FY 2024 (9M) | ₹432.20 | ₹383.67 | ₹35.71 |
About Company
JG Chemicals Limited is a zinc oxide manufacturer that offers over 80 grades of zinc oxide in India and international markets. The company was started in 1975, and today its product range is used across industrial applications, including rubber (tyre & other rubber products), ceramics, paints & coatings, pharmaceuticals & cosmetics, electronics & batteries, agro-chemicals & fertilizers, speciality chemicals, lubricants, oil & gas and animal feed.
As of December 31, 2023, the company’s aggregate installed capacity of 77,040 MTPA is distributed among three manufacturing facilities situated in (i) Jangalpur (Kolkata, West Bengal), (ii) Belur (Kolkata, West Bengal), and (iii) Naidupeta (Nellore District, Andhra Pradesh).
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2001 | Chemicals | Anirudh Jhunjhunwala |
Know Before Investing
JG Chemicals IPO Strengths
- The company has a leading market position with a diversified customer base.
- There are high entry barriers in the end industries that the company serves, which means it has leverage as the largest supplier.
- The company has strong and consistent financial performance.
- The company has long-established relationships with key customers and suppliers.
- It also focuses on long-term sustainability with environmental initiatives and safety standards.
- Skilled and experienced management team.
JG Chemicals IPO Risks
- A majority of its revenues from operations are derived from its material subsidiary.
- The company operates in a competitive industry.
- The company is dependent on the rubber and tyre industry.
- It is reliant on overseas suppliers for raw materials.
- It has experienced negative cash flows in the past.
- The company is exposed to foreign exchange fluctuation and commodity pricing risks.
Swot Analysis for JG Chemicals IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Company Details
JG Chemicals Limited
34A,
Metcalfe Street,
Kolkata – 700 013
Phone: +91 33 4014 0100
Email: [email protected]
Website: https://jgchem.com/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of JG Chemicals IPO are:
- Investment in their Material Subsidiary, viz. BDJ Oxides.
- Repayment or pre-payment, in full or in part, of all or certain borrowings availed by their Material Subsidiary.
- Funding capital expenditure requirements for setting up of a research and development centre situated in Naidupeta (“R&D Centre”).
- Funding its long-term working capital requirements.
- Funding long-term working capital requirements of their Company.