J.G.Chemicals Ltd

Chemicals

Offer Period :

5th to 3rd Mar 2024

Founded in 1975, JG Chemicals Limited, a zinc oxide manufacturer, operates ISO-certified facilities in Kolkata and Andhra Pradesh. Producing 80+ grades, it serves global industries with operating incomes of ₹4,863.22M, ₹7,845.76M, ₹6,128.30M, Read more... and ₹4,352.98M for the periods ending December 31, 2023, 2023, 2022, and 2021, respectively. Employing 112 permanent staff and over 100 workers and apprentices as of December 31, 2023.Read less

J.G.Chemicals Ltd IPO Details

IPO Date 5th to 3rd Mar 2024 Minimum Investment ₹14807 / 1 Lots
Listing Date 2024-03-13 Maximum Investment ₹192491 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹251.19 Crores
Price ₹221 to ₹221 per share Fresh Issue ₹165 Crores
Lot Size 1 Lots (67 Shares) Offer For Sale ₹ 86.19
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 5th to 3rd Mar 2024
Listing Date 2024-03-13
Face Value ₹10 per share
Price ₹221 to ₹221 per share
Lot Size 1 Lots (67 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14807 / 1 Lots
Maximum Investment ₹192491 / 13 Lots
Total Issue Size ₹251.19 Crores
Fresh Issue ₹165 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

5th Mar

IPO Starts

7th Mar

IPO Ends

11th Mar

Allotment Date

12th Mar

Initiation of Refund

12th Mar

Credit of Shares to Demat Account

13th Mar

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 37.71 0
Public Group 62.29 100

J.G.Chemicals Ltd IPO Reservation

QIB Shares Offered 2273213(20%)
NII (HNI) Shares Offered 1704909(15%)
Retail Shares Offered 3978122(35%)
Anchor Investor Shares Offered 3409819(30%)
Total Shares Offered 11366063
Total Shares With Anchor Investor 11366063

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

J.G.Chemicals Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id jgchemicals.ipo@kfintech.com
Our Website www.kfintech.com

J.G.Chemicals Ltd IPO Lead Manager

1. Centrum Capital Ltd

2. Emkay Global Financial Services Ltd

3. Keynote Financial Services Ltd

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J.G.Chemicals Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of J.G.Chemicals Ltd

1. Leading market position with a diversified customer base, being supplier to 9 out of top 10 global tyre manufacturers and to all of the top 11 Indian tyre manufacturers.

2. High entry barriers in key end-use industries.

3. Strong and consistent financial performance with growth of revenue from operations and profit after tax growth at a CAGR 34.2825% and 40.43%, respectively, from FY21 to FY23.

4. Long-term relationships with customers and suppliers & having robust supply chain with more than 250 customers in last 3 years.

5. Experienced and dedicated management team.

6. Focus on long term sustainability with environmental initiatives and safety standards.

Risks Involved

1. Its business is almost completely dependent on the sale of one principal product i.e. zinc oxide (in various grades) and any reduction in the demand of the same may have an adverse effect on its business and financial performance.

2. The company is significantly dependent on the business operations of its material subsidiary i.e. BDJ Oxides Private Limited and any deterioration in the performance of its material subsidiary may adversely affect the company's business, financial condition and results of operations.

3. The company derives a significant part of its revenue from select customers. If one or more of such customers choose not to source their requirements from it, its business, financial condition and results of operations may be adversely affected.

4. The company's logo is not registered as a trademark. If the company is unable to protect its intellectual property rights, its business, financial condition and results of operations may be adversely affected.

5. The company operates in a competitive industry. Any inability to compete effectively may lead to a lower market share or reduced operating margins.

6. Its operations are heavily dependent on the rubber and tyre industry and there is a lack of diversification in its business across other Application Industries.

7. Its business is heavily dependent on procurement of raw materials from overseas suppliers. The company does not have long-term agreements with its suppliers of raw material and any increase in the cost of, or a shortfall in the availability of, such raw materials could have an adverse effect on its business and results of operations.

8. A part of its manufacturing facility and the company registered office premises, are being utilised by it on leasehold basis and the company is subject to terms and conditions imposed on it by the lessor. In any event the company is unable to renew such leasehold rights, its business, financial condition and results of operations may be adversely affected.

9. The company is subject to certain risks consequent to its operations involving the manufacture, usage and storage of various hazardous substances.

10. As a part of its Objects of the Offer, the company intend to set up an R&D center at its Naidupeta Facility. The Company has not incurred any identifiable expenses towards R&D in Fiscal 2023, Fiscal 2022 and Fiscal 2021 and the nine months period ended December 31, 2023.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 297.79 264.14 209.94
Total Liabilities 297.79 264.14 209.94
Total Expenses 717.49 565.6 399.21
Total Revenue 
794.19 623.05 440.4
Profit After Tax 54.94 40.01 23.44
EBITDA 85.12 66.38 48.61
Adjusted EBITDA 0 0 0

J.G.Chemicals Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-03-13 544138 JGCHEM
INE0MB501011
₹221 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹221 ₹221
Open ₹211 ₹209
Low ₹181.2 ₹181.3
High ₹213.75 ₹213.75
Low ₹181.2 ₹181.3

Frequently Asked Questions

What is J.G.Chemicals Ltd IPO?

Answer Field

J.G.Chemicals Ltd IPO is a Mainboard IPO of 1,13,66,063 equity shares of a face value of ₹10 aggregating up to ₹251.19 Crores. The issue is priced at ₹221 to ₹221 per share. The minimum order quantity is 67 Shares. The IPO opens on March 05, 2024, and closes on March 07, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When J.G.Chemicals Ltd IPO will open?

Answer Field

The J.G.Chemicals Ltd IPO opens on March 05, 2024 and closes on March 07, 2024.

What is the lot size of J.G.Chemicals Ltd?

Answer Field

J.G.Chemicals Ltd lot size is 67 shares, and the minimum amount required is ₹14,807.

How to apply for J.G.Chemicals Ltd IPO?

Answer Field

You can apply in J.G.Chemicals Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is J.G.Chemicals Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for J.G.Chemicals Ltd IPO will be done on March 11, 2024, and the allotted shares will be credited to your demat account by March 12, 2024.

When is J.G.Chemicals Ltd IPO listing date?

Answer Field

The J.G.Chemicals Ltd listing date is March 13, 2024.

Who is the registrar of J.G.Chemicals Ltd IPO?

Answer Field

The registrar of J.G.Chemicals Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Centrum Capital Ltd,Emkay Global Financial Services Ltd,Keynote Financial Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of J.G.Chemicals Ltd IPO?

Answer Field

The fresh issue size is ₹165 Crores equity shares.

What minimum lot size can retail subscribers subscribe to J.G.Chemicals Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 67 shares and ₹14,807 amount.

How can I approve the UPI mandate request for J.G.Chemicals Ltd IPO?

Answer Field

To apply for J.G.Chemicals Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of J.G.Chemicals Ltd?

Answer Field

The price of each J.G.Chemicals Ltd share will be ranging in between ₹221 to ₹221 per share.

What is the cut-off time for the UPI mandate for J.G.Chemicals Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, March 07, 2024.

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