JG Chemicals IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Mar 05 to Mar 07 2024
Price Band
₹210 - 221
Current GMP
₹209 (-5.43%)
Subscription
28.52 times
IPO Details
| IPO Date | March 5, 2024 to March 7, 2024 |
| Listing Date | Wednesday, March 13, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹210 to ₹221 per share |
| Lot Size | 67 Shares |
| Total Issue Size | 11,366,063 shares (aggregating up to ₹251.19 Cr) |
| Fresh Issue | 7,466,063 shares (aggregating up to ₹165.00 Cr) |
| Offer for Sale | 3,900,000 shares of ₹10 (aggregating up to ₹86.19 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 31,720,000 |
| Share holding post issue | 39,186,063 |
IPO Date
March 5, 2024 to March 7, 2024
Listing Date
Wednesday, March 13, 2024
Face Value
₹10 per share
Price Band
₹210 to ₹221 per share
Lot Size
67 Shares
Total Issue Size
11,366,063 shares (aggregating up to ₹251.19 Cr)
Fresh Issue
7,466,063 shares (aggregating up to ₹165.00 Cr)
Offer for Sale
3,900,000 shares of ₹10 (aggregating up to ₹86.19 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
31,720,000
Share holding post issue
39,186,063
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 32.33 |
| Non-Institutional Buyers | 47.92 |
| bNII (bids above ₹10L) | 50.26 |
| sNII (bids below ₹10L) | 43.24 |
| Retail Investors | 18.03 |
| Total ** | 28.52 |
Anchor Investors
1
Qualified Institutions
32.33
Non-Institutional Buyers
47.92
bNII (bids above ₹10L)
50.26
sNII (bids below ₹10L)
43.24
Retail Investors
18.03
Total **
28.52
Day Wise Sub
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Mar 5, 2024 | 0.02 | 3.03 | 3.85 | 2.58 |
| Day 2 Mar 6, 2024 | 0.46 | 10.00 | 8.73 | 6.64 |
| Day 3 Mar 7, 2024 | 32.33 | 47.92 | 18.03 | 28.52 |
DayDay 1
Mar 5, 2024
QIB0.02
NII3.03
Retail3.85
Total2.58
DayDay 2
Mar 6, 2024
QIB0.46
NII10.00
Retail8.73
Total6.64
DayDay 3
Mar 7, 2024
QIB32.33
NII47.92
Retail18.03
Total28.52
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 13-03-2024 | 221.00 | 5 (2.26%) | 226 |
| 12-03-2024 | 221.00 | 5 (2.26%) | 226 |
| 11-03-2024 | 221.00 | 32 (14.48%) | 253 |
| 10-03-2024 | 221.00 | 32 (14.48%) | 253 |
| 09-03-2024 | 221.00 | 32 (14.48%) | 253 |
| 08-03-2024 | 221.00 | 21 (9.5%) | 242 |
| 07-03-2024 | 221.00 | 20 (9.05%) | 241 |
| 06-03-2024 | 221.00 | 25 (11.31%) | 246 |
| 05-03-2024 | 221.00 | 50 (22.62%) | 271 |
| 04-03-2024 | 221.00 | 50 (22.62%) | 271 |
| 03-03-2024 | 221.00 | 50 (22.62%) | 271 |
| 02-03-2024 | 221.00 | 50 (22.62%) | 271 |
| 01-03-2024 | 221.00 | 60 (27.15%) | 281 |
| 29-02-2024 | 221.00 | 60 (27.15%) | 281 |
Date13-03-2024
Price221.00
GMP5 (2.26%)
Estimate List Price226
Date12-03-2024
Price221.00
GMP5 (2.26%)
Estimate List Price226
Date11-03-2024
Price221.00
GMP32 (14.48%)
Estimate List Price253
Date10-03-2024
Price221.00
GMP32 (14.48%)
Estimate List Price253
Date09-03-2024
Price221.00
GMP32 (14.48%)
Estimate List Price253
Date08-03-2024
Price221.00
GMP21 (9.5%)
Estimate List Price242
Date07-03-2024
Price221.00
GMP20 (9.05%)
Estimate List Price241
Date06-03-2024
Price221.00
GMP25 (11.31%)
Estimate List Price246
Date05-03-2024
Price221.00
GMP50 (22.62%)
Estimate List Price271
Date04-03-2024
Price221.00
GMP50 (22.62%)
Estimate List Price271
Date03-03-2024
Price221.00
GMP50 (22.62%)
Estimate List Price271
Date02-03-2024
Price221.00
GMP50 (22.62%)
Estimate List Price271
Date01-03-2024
Price221.00
GMP60 (27.15%)
Estimate List Price281
Date29-02-2024
Price221.00
GMP60 (27.15%)
Estimate List Price281
IPO Important Dates
| IPO Open Date | Tuesday, March 5, 2024 |
| IPO Close Date | Thursday, March 7, 2024 |
| Basis of Allotment | Monday, March 11, 2024 |
| Initiation of Refunds | Tuesday, March 12, 2024 |
| Credit of Shares to Demat | Tuesday, March 12, 2024 |
| Listing Date | Wednesday, March 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 7, 2024 |
IPO Open Date
Tuesday, March 5, 2024
IPO Close Date
Thursday, March 7, 2024
Basis of Allotment
Monday, March 11, 2024
Initiation of Refunds
Tuesday, March 12, 2024
Credit of Shares to Demat
Tuesday, March 12, 2024
Listing Date
Wednesday, March 13, 2024
Cut-off time for UPI mandate confirmation
5 PM on March 7, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 67 | ₹14,807 |
| Retail (Max) | 13 | 871 | ₹192,491 |
| S-HNI (Min) | 14 | 938 | ₹207,298 |
| S-HNI (Max) | 67 | 4,489 | ₹992,069 |
| B-HNI (Min) | 68 | 4,556 | ₹1,006,876 |
ApplicationRetail (Min)
Lots1
Shares67
Amount₹14,807
ApplicationRetail (Max)
Lots13
Shares871
Amount₹192,491
ApplicationS-HNI (Min)
Lots14
Shares938
Amount₹207,298
ApplicationS-HNI (Max)
Lots67
Shares4,489
Amount₹992,069
ApplicationB-HNI (Min)
Lots68
Shares4,556
Amount₹1,006,876
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 271.26 | 297.79 | 264.14 |
| Revenue | 491.10 | 794.19 | 623.05 |
| Profit After Tax | 18.51 | 56.79 | 43.13 |
| Net Worth | 217.86 | 199.89 | 147.66 |
| Reserves and Surplus | 193.22 | 175.67 | 151.23 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 2023271.26
31 Mar 2023297.79
31 Mar 2022264.14
Period EndedRevenue
31 Dec 2023491.10
31 Mar 2023794.19
31 Mar 2022623.05
Period EndedProfit After Tax
31 Dec 202318.51
31 Mar 202356.79
31 Mar 202243.13
Period EndedNet Worth
31 Dec 2023217.86
31 Mar 2023199.89
31 Mar 2022147.66
Period EndedReserves and Surplus
31 Dec 2023193.22
31 Mar 2023175.67
31 Mar 2022151.23
Key Performance Indicator
| ROE | 8.20% |
| ROCE | 11.86 % |
| Debt/Equity | 0.11 |
| RoNW | 8.16% |
| P/BV | 3.51 |
| PAT Margin (%) | 7.24 |
| EPS (Rs) | 13.6 |
ROE
8.20%
ROCE
11.86 %
Debt/Equity
0.11
RoNW
8.16%
P/BV
3.51
PAT Margin (%)
7.24
EPS (Rs)
13.6
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,409,818 (30.00%) | NA |
| QIB Shares Offered | 2,273,214 (20.00%) | NA |
| NII (HNI) Shares Offered | 1,704,910 (15.00%) | |
| bNII > ₹10L | 1,136,606 (10.00%) | 1,211 |
| sNII < ₹10L | 568,303 (5.00%) | 605 |
| Retail Shares Offered | 3,978,122 (35.00%) | 59,374 |
| Total Shares Offered | 11,366,064 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered3,409,818 (30.00%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered2,273,214 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered1,704,910 (15.00%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered1,136,606 (10.00%)
Maximum Allottees1,211
Investor CategorysNII < ₹10L
Shares Offered568,303 (5.00%)
Maximum Allottees605
Investor CategoryRetail Shares Offered
Shares Offered3,978,122 (35.00%)
Maximum Allottees59,374
Investor CategoryTotal Shares Offered
Shares Offered11,366,064 (100%)
Maximum Allottees
Information about company
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 â¹ 4,863.22 million, â¹ 7,845.76 million, â¹ 6,128.30 million and â¹ 4,352.98 million respectively.
Objectives of IPO
The company intends to utilize the Net Proceeds towards the following objects:
Investment in Material Subsidiary, viz. BDJ Oxides (i) repayment or pre-payment, in full or in part, of all or certain borrowings availed by its Material Subsidiary; (ii) funding capital expenditure requirements for setting up of a research and development center situated in Naidupeta, Andhra Pradesh (R&D Centre); and (iii) funding its long-term working capital requirements;
Funding long-term working capital requirements of the Company; and
General corporate purposes.
Disclaimer
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