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 founded in 28 Jun 2001, is a Non Governmental organization. Mark your calendars! 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 issuance, offering shares priced between ₹210 and ₹221 per share. The application mandates a minimum lot size of 67 Shares. Retail investors must invest a minimum of ₹14,807. The minimum lot size investment required 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-building route. Within the offering, there are 0.75 crore newly issued shares worth Rs 165.00 crores, along with an offer for sale of 0.39 crore shares valued at Rs 86.19 crores. JG Chemicals is gearing up for its initial public offering (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. 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 initial investment. Investors looking to participate in sNII must commit to a minimum investment of 14 lots, equivalent to 938 shares, priced at ₹207,298. Meanwhile, for bNII, the minimum 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 production of zinc oxide employing the French technique. The company crafts roughly 80 distinct formulations of zinc oxide. This versatile product finds usage in various industrial applications, including ceramics, paints, coatings, pharmaceuticals, cosmetics, electronics, batteries, agrochemicals, fertilizers, specialized chemicals, lubricants, oil, gas, and animal feed. The company has three manufacturing facilities: Jangalpur and Belur in Kolkata, West Bengal; and Naidupeta in Nellore District,
Andhra Pradesh. The main facility, Naidupeta, is owned and operated by the Material subsidiary. All production facilities are certified to ISO 45001:2018, ISO 14001:2015, and ISO 9001:2015. More than 200 local and 50 international customers have been served by the company in over ten countries. At the end of 2023, the company counted 112 permanent employees and over 100 workers and apprentices among its workforce. The company disclosed operational income of ₹4,863.22 million for the nine-month period concluding on December 31, 2023, and ₹7,845.76 million for the financial years 2023, 2022, and 2021.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | jgchemicals.ipo@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | JG Chemicals Limited |
| Phone number | +91 33 4014 0100 |
| Email ID | corporate@jgchem.com |
| 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
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