JG CHEMICALS IPO OPENS: CHECK PRICE, SIZE AND IMPORTANT FACTORS

JG Chemicals launched its Initial Public Offer (IPO) today. The Initial Public offer opened for subscription for 3 Days i.e. until March 7, 2024. The company will raise upto Rs. 251.2 crore through this IPO and its a combination of a fresh issue size of Rs 165 crore and an offer for sale of Rs 86.19 crore. The price band is fixed in the range of Rs 210-221 per share.

Issue Details

ISSUE OPENS5 MARCH 2024
ISSUE CLOSES7 MARCH 2024
ISSUE PRICERs 210-221 PER SHARE
FRESH ISSUERs 165 crore
OFFER FOR SALE Rs 86.2 crore
TOTAL ISSUE SIZERs 252.1 crore
LISTINGBSE AND NSE

JG Chemicals IPO Allotment Date and Status

The allotment of shares under the IPO JG Chemicals is to be finalized on 11 March 2024

JG Chemicals IPO Listing Date

Expected listing date of JG Chemicals on NSE and BSE will be 13 March 2024

JG Chemicals IPO Lot Size

The minimum lot size for retail investor is 67 shares and the minimum amount of investment is Rs 14,807

JG Chemicals IPO Lead Managers and Registrar

Keynote financial services, Emkay Global Services and Centrum Capital are the lead managers of JG Chemicals IPO. Kfin Technologies limited is the registrar of JG Chemicals IPO.

JG Chemical Business Model

JG Chemicals, renowned as the leading zinc oxide manufacturer, commands an impressive 30% market share in both production and revenue. Boasting a portfolio of over 80 grades of zinc oxide, the company stands tall among the top ten global manufacturers. Its products find applications across diverse industries, from rubber and ceramics to pharmaceuticals and electronics. With an extensive clientele, including 200 domestic customers and over 50 global counterparts spanning 10 countries, JG Chemicals is poised for a stellar IPO debut.

JG Chemicals Financial Overview

YEARREVENUE (in crore)EXPENSE (in crore)PAT (in crore)
2021Rs 407.27Rs 388.16Rs 13.95
2022Rs 440.40Rs 399.20Rs 28.80
2023Rs 623.05Rs 565.60Rs 43.13

JG Chemicals Listing Dates and Allotment

IPO OPEN DATE 5 MARCH 2024
IPO CLOSE 7 MARCH 2024
ALLOTMENT11 MARCH 2024
REFUND 12 MARCH 2024
CREDIT TO DMAT 12 MARCH 2024
LISTING DATE13 MARCH 2024

JG Chemicals Price Band Details

IPO SIZERs 251.19 crore approx.
FRESH ISSUERs 165 crore approx.
OFFER FOR SALE11,366,063 EQUITY SHARES approx
FACE VALUERs 10 per share
RETAIL QUOTA35%
QIB QUOTA50%
NII QUOTA15%
DRHP PROSPECTUSCHECK HERE
ANCHOR INVESTERS LISTSCLICK HERE

JG Chemical Key Financial Performance

Objects of the Offer Declared by JG Chemicals

ParticularsAmount (in ₹million)
Repayment or Pre-payment in full or in part, of all or certain borrowings availed by Company Material Subsidiary450.00
Funding capital expenditure requirements for setting up of a research and development Centre situated in Naidupeta53.14
Funding long-term working capital requirements650.00
Funding long-term working capital requirements of Company350.00

JG Chemicals Board of Directors

NameDesignation
Suresh JhunjhunwalaExecutive Chairman and
Wholetime Director
Anirudh
Jhunjhunwala
Managing Director and CEO
Anuj JhunjhunwalaWhole-time Director and CFO
Ashok BhandariIndependent Director
Sukanta NagIndependent Director
Savita AgarwalIndependent Director

Registrar to the Offer

KFin Technologies Limited
Selenium, Tower B, Plot No. 31 and 32 Financial District,
Nanakramguda, Serilingampally Hyderabad,
Rangareddi 500 032, Telangana, India
Telephone: +91 40 6716 2222
Toll Free No.: 18003094001
E-mail: jgchemicals.ipo@kfintech.com
Website: www.kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Contact Person: M. Murali Krishna
SEBI registration number.: INR000000221
CIN: U72400TG2017PLC117649

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