The JG Chemicals IPO date has been confirmed from March 5, 2024 and closes on March 7, 2024. Read the post to learn about JG Chemicals IPO GMP.
JG Chemicals was innovated on 28 June 2001, is a Non Governmental association. Mark your timetables! The IPO for JG Chemicals starts on March 5, 2024, ending on March 7, 2024. The company aims to raise capital with its current Rs 251.19 crores allocation, offering shares priced between ₹ 210 and ₹ 221 per share. The operation authorizations a minimum lot size of 67 Shares. Retail investors must invest a minimum of ₹ 14,807. The minimum lot size investment needed for sNII is 14 lots (938 shares), totaling ₹ 207,298, whereas for bNII, it stands at 68 lots (4,556 shares), totaling ₹ 1,006,876.
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Key Details Of JG Chemicals IPO:
Bidding Dates
March 5-7
Price Range
₹210 to ₹221 per share
Face Value
₹10 per share
GMP
₹5
JG Chemicals IPO GMP
The JG Chemicals IPO GMP Today is ₹5.
JG Chemicals IPO Overview
JG Chemicals’ IPO, valued at Rs 251.19 crores, is being conducted via the book- structure route. Within the immolation, there are 0.75 crore recently issued shares worth Rs 165.00 crores, along with an offer for trade of 0.39 crore shares valued at Rs 86.19 crores. JG Chemicals is gearing up for its original public immolation( IPO), launching on March 5, 2024, and closing on March 7, 2024. The allotment process for JG Chemicals’ IPO is set to be concluded by Monday, March 11, 2024. JG Chemicals plans to debut on the BSE and NSE through its IPO, potentially on Wednesday, March 13, 2024.
JG Chemicals IPO price is ₹ 210 to ₹ 221 per share. The JG Chemicals IPO GMP Today is ₹5. To apply, you must have a minimum lot size of 67 shares. Retail investors must commit at least ₹ 14,807 as their original investment. Investors looking to share in sNII must commit to a minimal investment of 14 lots, originally to 938 shares, priced at ₹ 207,298. Meanwhile, for bNII, the minimal investment stands at 68 lots, comprising 4,556 shares, valued at ₹1,006,876.
JG Chemicals IPO Details
| IPO Date | March 5, 2024 to March 7, 2024 |
| Listing Date | [.] |
| 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 of ₹10 (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 |
JG Chemicals Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 271.26 | 297.79 | 264.14 | 209.94 |
| Revenue | 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 | ||||
JG Chemicals IPO Timeline
| 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 |
Company Profile
Established in 1975, JG Chemicals Limited specializes in the product of zinc oxide employing the French fashion. The company crafts roughly 80 distinct phrasings of zinc oxide. This protean product finds operation in colorful artificial operations, including pottery, maquillages, coatings, medicinals, cosmetics, electronics, batteries, agrochemicals, diseases, technical chemicals, lubricants, oil painting, gas, and beast feed. The company has three manufacturing installations Jangalpur and Belur in Kolkata, West Bengal; and Naidupeta in Nellore District,
Andhra Pradesh. The main installation, Naidupeta, is possessed and operated by the Material attachment. All product installations are certified to ISO 450012018, ISO 140012015, and ISO 90012015. further than 200 original and 50 transnational guests have been served by the company in over ten countries. At the end of 2023, the company counted 112 endless workers and over 100 workers and apprentices among its pool. The company bared functional income of ₹ 4,863.22 million for the nine- month period concluding on December 31, 2023, and ₹ 7,845.76 million for the fiscal times 2023, 2022, and 2021.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | JG Chemicals Limited |
| Phone number | +91 33 4014 0100 |
| Email ID | [email protected] |
| Website | jgchem.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
JG Chemicals IPO FAQs
When JG Chemicals IPO will open?
The JG Chemicals IPO opens on March 5, 2024 and closes on March 7, 2024.
What is the lot size of JG Chemicals IPO?
JG Chemicals IPO lot size is 67 Shares, and the minimum amount required is ₹14,807.
When is JG Chemicals IPO allotment?
The finalization of Basis of Allotment for JG 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.
When is JG Chemicals IPO listing date?
The JG Chemicals IPO listing date is not yet announced. The tentative date of JG Chemicals IPO listing is Wednesday, March 13, 2024.
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