JG Chemicals Limited IPO
- IPO Date05 Mar, 2024 to 07 Mar, 2024
- Listing Date13 Mar, 2024
- Face Value₹10 per share
- Issue Price₹210 to ₹221 per share
- Lot Size67 Shares
- Minimum Investment₹14,807
- Listing AtBSE, NSE
- Total Issue Size1,13,66,063 Shares
(aggregating up to ₹251.19 Cr) - Fresh Issue74,66,063 Shares
(aggregating up to ₹165.00 Cr)
- Offer for Sale39,00,000 Shares
(aggregating up to ₹86.19 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue3,17,20,000
- Shareholding post issue3,91,86,063
IPO Dates
Closing Date
07 Mar, 2024
Initiation of Refunds
12 Mar, 2024
Listing Date
13 Mar, 2024
05 Mar, 2024
Opening Date
11 Mar, 2024
Basis of Allotment
12 Mar, 2024
Credit of Shares
JG Chemicals Limited Lot Size
Investors can bid for a minimum of 67 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 67 | ₹14,807 |
| B-HNI (Min) | 68 | 4556 | ₹10,06,876 |
| S-HNI (Max) | 67 | 4489 | ₹9,92,069 |
| Retail (Max) | 13 | 871 | ₹1,92,491 |
| S-HNI (Min) | 14 | 938 | ₹2,07,298 |
JG Chemicals Limited Promoter Holding
The Promoters of the company are Suresh Jhunjhunwala, Anirudh Jhunjhunwala and Anuj Jhunjhunwala.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
JG Chemicals Limited COMPANY INFORMATION
JG Chemicals IPO is a book built issue of Rs 251.19 crores. The issue is a combination of fresh issue of 0.75 crore shares aggregating to Rs 165.00 crores and offer for sale of 0.39 crore shares aggregating to Rs 86.19 crores. JG Chemicals IPO bidding started from March 5, 2024 and ended on March 7, 2024. The allotment for the JG Chemicals IPO is expected to be finalized on Monday, March 11, 2024. JG Chemicals IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, March 13, 2024. JG Chemicals IPO price band is set at ₹210 to ₹221 per share. The minimum lot size for an application is 67 Shares. The minimum amount of investment required by retail investors is ₹14,807. The minimum lot size investment for sNII is 14 lots (938 shares), amounting to ₹207,298, and for bNII, it is 68 lots (4,556 shares), amounting to ₹1,006,876. Centrum Capital Limited, Emkay Global Financial Services Ltd and Keynote Financial Services Ltd are the book running lead managers of the JG Chemicals IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to JG Chemicals IPO RHP for detailed information.
JG Chemicals Limited was founded in 1975 and is a zinc oxide manufacturer using the French process. The company produces more than 80 grades of zinc oxide.
This product is used in various industrial applications such as ceramics, paints and coatings, pharmaceuticals and cosmetics, electronics and batteries, agrochemicals and fertilizers, specialty chemicals, lubricants, oil and gas, and animal feed.
The company operates three manufacturing facilities in Jangalpur and Belur, both in Kolkata, West Bengal and Naidupeta in Nellore District, Andhra Pradesh. Naidupeta is the largest facility, owned and operated by the Material subsidiary. All manufacturing facilities are ISO 45001:2018 and ISO 14001:2015 certified and ISO 9001:2015 accredited.
The company has served the needs of more than 200 local and 50 international customers in more than 10 countries.
As of December 31, 2023, the company employed 112 permanent employees, over 100 workers and apprentices.
For the nine-month period ended December 31, 2023 and the financial years 2023, 2022 and 2021, the Company recorded operating income of ₹ 4,863.22 million, ₹ 7,845.76 million, ₹ 6,128.30 million and ₹ 4,352.98 million respectively.
FAQs About Jg Chemicals Limited Ipo
JG Chemicals Limited IPO will open on 05 Mar, 2024 and close on 07 Mar, 2024. Investors must apply within this period to participate.
The JG Chemicals Limited IPO price band is set between ₹210.00 and ₹221.00 per share. The minimum lot size is 67, requiring an investment of at least ₹14807.00.
The JG Chemicals Limited IPO shares are expected to be listed on 13 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your JG Chemicals Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The JG Chemicals Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.