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.
Promoters of JG Chemicals – Suresh Jhunjhunwala, Anirudh Jhunjhunwala, and Anuj Jhunjhunwala
Table of Contents
JG Chemicals IPO Details
| JG Chemicals IPO Dates | 5 – 7 March 2024 |
| JG Chemicals Issue Price | INR 210 – 221 per share |
| Fresh issue | INR 165 crore |
| Offer For Sale | 3,900,000 shares (INR 81.9 – 86.19 crore) |
| Total IPO size | INR 246.9 – 251.19 crore |
| Minimum bid (lot size) | 67 shares (INR 14,807) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
JG Chemicals Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 399.39 | 435.30 | 612.83 | 784.58 | 486.32 |
| Expenses | 388.16 | 399.21 | 565.60 | 717.50 | 464.34 |
| Net income | 13.95 | 28.80 | 43.13 | 56.79 | 18.51 |
| Margin (%) | 3.49 | 6.62 | 7.04 | 7.24 | 3.81 |
JG Chemicals Offer News
- JG Chemicals: All You Need to Know in 10 Points
- JG Chemicals RHP
- JG Chemicals DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
JG Chemicals Valuations & Margins
|  | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
| EPS | 4.08 | 7.39 | 12.61 | 17.32 |
| PE ratio | – | – | – | 12.12 – 12.76 |
| RONW (%) | 15.25 | 21.61 | 27.09 | 27.49 |
| NAV | 26.78 | 34.20 | 46.55 | 63.02 |
| ROCE (%) | 18.36 | 25.27 | 25.83 | 29.38 |
| EBITDA (%) | 6.80 | 11.17 | 10.83 | 10.85 |
| Debt/Equity | 0.62 | 0.69 | 0.62 | 0.34 |
JG Chemicals IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 12 March 2024 | 7 | – | 300 |
| 11 March 2024 | 15 | – | 700 |
| 9 March 2024 | 23 | – | 1,000 |
| 8 March 2024 | 23 | – | 1,000 |
| 7 March 2024 | 35 | – | 1,800 |
| 6 March 2024 | 50 | – | 2,700 |
| 5 March 2024 | 55 | – | 3,000 |
| 4 March 2024 | 60 | – | 3,000 |
| 2 March 2024 | 65 | – | 3,300 |
| 1 March 2024 | 70 | – | 3,500 |
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
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 2,290,142 | 1,763,572 | 4,115,000 | 8,168,714 |
| 7 Mar 2024 | 32.09 | 46.32 | 17.42 | 27.77 |
| 6 Mar 2024 | 0.45 | 9.76 | 8.65 | 6.59 |
| 5 Mar 2024 | 0.02 | 3.02 | 4.01 | 2.68 |
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 Date | 5 March 2024 |
| IPO Closing Date | 7 March 2024 |
| Finalization of Basis of Allotment | 11 March 2024 |
| Initiation of refunds | 12 March 2024 |
| Transfer of shares to demat accounts | 12 March 2024 |
| JG Chemicals IPO Listing Date | 13 March 2024 |
| Opening Price on NSE | INR 209 per share (down 5.43%) |
| Closing Price on NSE | INR 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 –
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Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Subscribe
Choice Broking –
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Elite Wealth – Apply for long term
GCL Broking –
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GEPL Capital – Subscribe
Hem Securities – Subscribe
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Jainam Broking – Subscribe for listing gains
DR Choksey –
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Motilal Oswal –
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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:Â [email protected]
Website:Â 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:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
JG Chemicals Contact Details
J.G.CHEMICALS LIMITED
34A, Metcalfe Street,
Kolkata – 700 013, West Bengal
Phone:Â +91 33 4014 0100
Email:Â [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.
