IPO Details
Bidding Dates
05 Mar '24 - 07 Mar '24
Minimum Investment
₹14,807 / 1 Lot ( 67 Shares )
Price Range
₹210 - ₹221
Maximum Investment
₹192,491 / 13 Lots ( 871 Shares )
Retail Discount
Not Applicable
Issue Size
₹251.19 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Mar 5, 2024
Closing Date
Mar 7, 2024
Basis of Allotment
Mar 11, 2024
Initiation of Refunds
Mar 12, 2024
Credit of Shares to Demat
Mar 12, 2024
Listing Date
Mar 13, 2024
Cut-off time for UPI mandate confirmation
Mar 7, 2024
IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Mar 5, 2024 |
0.02x | 3.03x | 3.85x | 2.58x |
Day 2Mar 6, 2024 |
0.12x | 7.48x | 7.57x | 5.42x |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers | 0.12x |
| Non-Institutional Buyers | 7.48x |
| Retail Investors | 7.57x |
| Total | 5.42x |
About J.G.Chemicals Ltd. IPO
J.G Chemicals is the largest Indian zinc oxide manufacturer regarding production and revenue. In FY 2022, the company had a 30% market size by selling over 80 grades of zinc oxide.
The company manufactures zinc oxide following the globally accepted French process and sells its products to over 10 countries. J.G Chemicals ranks among the top 10 global zinc oxide producers. In the last three years, it has sold its products to 200+ domestic and 50+ global customers.
Zinc oxide is a critical component in type manufacturing, and J.G Chemicals supplies to 9 out of the top 10 global tyre manufacturers and 11 top Indian tyre manufacturers. Besides, zinc oxide is also used in pharmaceuticals, chemicals, and agricultural sectors.
BDJ Oxides, which is a material subsidiary of J.G Chemicals, is the only zinc oxide manufacturer in India to have IATF certification preferred by tyre companies. J.G Chemicals Ltd. has 3 manufacturing facilities with a total installed capacity of 77,040 MTPA.
J G Chemicals Ltd. IPO Details
J G Chemicals Ltd. IPO Dates
J G Chemicals IPO will be opened on March 5, 2024 and closed on March 7, 2024. The IPO will be listed on BSE and NSE.
J G Chemicals Ltd. IPO Price Band
J G Chemicals is a book-built IPO of up to 11,366,063 equity shares. The price of the IPO is ₹210-₹221 per equity share.
J G Chemicals Ltd. IPO Lot Size
The J G Chemicals Ltd IPO lot size is 67 shares.
J G Chemicals Ltd. IPO Objectives
The IPO is purely an offer for sale meant to give the existing shareholders an exit.
Peer Details
The following is a listed peer company of J G Chemicals in India:
- Rajratan Global Wire Limited
- NOCIL Limited
- Yasho Industries Limited
How To Check the Allotment Status of the J G Chemicals Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of J G Chemicals Ltd
Registered office: Adventz Infinity @ 5, 15th Floor, Unit 1511, Plot 5 Block - BN, Sector - V, Salt Lake Electronics Complex, Bidhan Nagar CK Market, North 24 Parganas, Saltlake, West Bengal, 700 091, India
Phone: +91 33 4014 0100
E-mail: corporate@jgchem.com
IPO Financials
| Particulars | 9M period ended December 31, 2023 | Year Ending on March 31, 2023 | Year Ending on March 31, 2022 | Year Ending on March 31, 2021 |
|---|---|---|---|---|
| Total Income | 4,910.99 | 7,941.88 | 6,230.47 | 4,404.05 |
| Profit After Tax (PAT) | 185.10 | 567.93 | 431.26 | 287.99 |
| Return on Capital Employed | 11.86 % | 29.38% | 25.83% | 25.27% |
| Debt to Equity Ratio | 0.11 | 0.34 | 0.62 | 0.69 |
| Return on Equity | 8.20% | 30.50% | 30.64% | 24.23% |
Know before investing
Strengths
3-
A well-diversified customer base and customer-focused marketing strategy have helped the company become one of the top global players.
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Zinc oxide is a critical raw material for several industries, including tyre manufacturing, pharmaceuticals, chemicals, and agriculture.
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A high entry barrier allows the existing players larger shares of the market.
Risks
3-
A significant part of the revenue comes from selected customers.
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The company depends primarily on the performance of the rubber industry to earn revenue.
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The company doesn’t enter into long-term agreements with its suppliers. Hence, its production depends on the availability of raw materials.
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J G Chemicals IPO FAQs
J G Chemicals’ IPO is a book-built IPO. The price of the IPO is ₹210-₹221 per equity share. The IPO will be opened on March 5, 2024.
The Basis of Allotment will happen on Tuesday, March 11, 2024.
The IPO subscription window will open on Wednesday, March 5, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 67 shares.
J G Chemicals Ltd IPO will be listed on the NSE and BSE on Thursday, March 13, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
Will be updated soon.
