JG Chemicals IPO GMP, Price, Date, Allotment

0

Last updated on March 14, 2024

JG Chemicals IPO GMP

JG Chemicals IPO Description – Established in 2001, JG Chemicals has significantly expanded its business and scale of operations, evolving into a major, diversified zinc oxide player with a global presence. The company’s products serve a broad spectrum of industrial applications, including rubber (tyres and other rubber products), ceramics, paints and coatings, pharmaceuticals and cosmetics, electronics, and batteries, agrochemicals and fertilizers, specialty chemicals, lubricants, oil and gas, and animal feed.

JG Chemicals has established enduring relationships with customers across various end-user industries, including tires, ceramics, rubber, paints, cosmetics, and batteries. In the past three years, the company has marketed and sold its products to over 200 domestic customers and over 50 global customers spanning more than 10 countries.

As of 31 October 2022, JG Chemicals’ total installed capacity of 77,040 metric tons per annum (MTPA) is distributed among three manufacturing facilities located in (i) Jangalpur (Kolkata), (ii) Belur (Kolkata), and (iii) Naidupeta (Andhra Pradesh).

As of 31 October 2022, JG Chemicals employed 49 contract workers.

JG Chemicals

Promoters of JG Chemicals – Suresh Jhunjhunwala, Anirudh Jhunjhunwala, and Anuj Jhunjhunwala


JG Chemicals IPO Details

JG Chemicals IPO Dates5 – 7 March 2024
JG Chemicals Issue PriceINR 210 – 221 per share
Fresh issueINR 165 crore
Offer For Sale3,900,000 shares (INR 81.9 – 86.19 crore)
Total IPO sizeINR 246.9 – 251.19 crore
Minimum bid (lot size)67 shares (INR 14,807)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE, NSE

JG Chemicals Financial Performance

 FY 2020FY 2021FY 2022FY 20239M FY 2024
Revenue399.39435.30612.83784.58486.32
Expenses388.16399.21565.60717.50464.34
Net income13.9528.8043.1356.7918.51
Margin (%)3.496.627.047.243.81
Figures in INR Crores unless specified otherwise

JG Chemicals Offer News


JG Chemicals Valuations & Margins

FY 2020FY 2021FY 2022FY 2023
EPS4.087.3912.6117.32
PE ratio12.12 – 12.76
RONW (%)15.2521.6127.0927.49
NAV26.7834.2046.5563.02
ROCE (%)18.3625.2725.8329.38
EBITDA (%)6.8011.1710.8310.85
Debt/Equity0.620.690.620.34
*Compiled by IPO Central from Prospectus

JG Chemicals IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
12 March 20247300
11 March 202415700
9 March 2024231,000
8 March 2024231,000
7 March 2024351,800
6 March 2024502,700
5 March 2024553,000
4 March 2024603,000
2 March 2024653,300
1 March 2024703,500

JG Chemicals Offer Objectives

The company intends to utilize the Net Proceeds towards the following objects:

  • Investment in the Material Subsidiary, viz. BDJ Oxides (i) repayment or pre-payment, in full or in part, of all or certain borrowings availed by the Material Subsidiary- INR 45 crore (ii) funding capital expenditure requirements for setting up of a research and development center situated in Naidupeta (R&D Centre)- INR 5.31 crore and (iii) funding its long-term working capital requirements – INR 65 crore
  • Funding long-term working capital requirements of the company – INR 35 crore
  • General corporate purposes.

JG Chemicals IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered2,290,1421,763,5724,115,0008,168,714
7 Mar 202432.0946.3217.4227.77
6 Mar 20240.459.768.656.59
5 Mar 20240.023.024.012.68

JG Chemicals IPO Allotment Status

JG Chemicals IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.


JG Chemicals IPO Dates & Listing Performance

IPO Opening Date5 March 2024
IPO Closing Date7 March 2024
Finalization of Basis of Allotment11 March 2024
Initiation of refunds12 March 2024
Transfer of shares to demat accounts12 March 2024
JG Chemicals IPO Listing Date13 March 2024
Opening Price on NSEINR 209 per share (down 5.43%)
Closing Price on NSEINR 184.80 per share (down 16.38%)

JG Chemicals IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi – Subscribe
Axis Capital – Not Rated
Antique Stock Broking –
Arihant Capital – Subscribe
Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elite Wealth – Apply for long term
GCL Broking –
Geojit – Subscribe
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect –
Investmentz –
Jainam Broking Subscribe for listing gains
DR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Motilal Oswal –
Nirmal Bang –
Reliance Securities – Subscribe
Religare Broking –
Samco Securities – Not Rated
SMC Global – 2/5
Swastika Investmart – Subscribe for long term
Ventura Securities – Subscribe


JG Chemicals IPO Lead Manager

KEYNOTE FINANCIAL SERVICES LIMITED
The Ruby, 9th Floor, Senapati Bapat Marg,
Dadar (West), Mumbai – 400028
Tel: 022– 68266000
E-mail: [email protected]
Website: www.keynoteindia.net


JG Chemicals Offer Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com


JG Chemicals Contact Details

J.G.CHEMICALS LIMITED
34A, Metcalfe Street,
Kolkata – 700 013, West Bengal
Phone: +91 33 4014 0100
Email: [email protected]
Website: www.jgchem.com


JG Chemicals IPO FAQs

How many shares in JG Chemicals IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for JG Chemicals Public Offer?

The best way to apply for JG Chemicals’ public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is JG Chemicals IPO GMP today?

JG Chemicals IPO GMP today is INR 7 per share.

What is JG Chemicals’ kostak rate today?

JG Chemicals’ kostak rate today is INR NA per application.

What is JG Chemicals Subject to Sauda rate today?

JG Chemicals Subject to Sauda rate today is INR 300 per application.

LEAVE A REPLY

Please enter your comment!
Please enter your name here