To check JG Chemicals IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
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On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to jgchemicals.ipo@kfintech.com.
The JG Chemicals IPO is a Rs 251.19 crore book build issue. The issue consists of an offer to sell 0.39 crore shares, valued at Rs 86.19 crores, and a fresh issue of 0.75 crore shares, totaling Rs 165.00 crores.
The JG Chemicals initial public offering (IPO) bidding period ran from March 5, 2024, until March 7, 2024. On Monday, March 11, 2024, the allocation for the JG Chemicals IPO is anticipated to be completed. The planned listing date of JG Chemicals IPO is set for Wednesday, March 13, 2024 on the BSE and NSE.
The price range for JG Chemicals’ IPO is ₹210–₹221 per share. An application must have a minimum lot size of 67 shares. Retail investors are obliged to make a minimum investment of ₹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.
JG Chemicals IPO Details
| IPO Date | March 5, 2024 to March 7, 2024 |
| Listing Date | [.] |
| 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 |
JG Chemicals IPO Reservation
JG Chemicals IPO offers 11,366,064 shares. 2,273,214 (20.00%) to QIB, 1,704,910 (15.00%) to NII, 3,978,122 (35.00%) to RII and 3,409,818 (30.00%) to Anchor investors. 59,374 RIIs will receive minimum 67 shares and 605 (sNII) and 1,211 (bNII) will receive minimum 938 shares. (in case of oversubscription)
| 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%) |
JG Chemicals IPO Anchor Investors Details
JG Chemicals IPO raises Rs 75.36 crore from anchor investors. JG Chemicals IPO Anchor bid date is March 4, 2024. JG Chemicals IPO Anchor Investors list
| Bid Date | March 4, 2024 |
| Shares Offered | 3,409,818 |
| Anchor Portion Size (In Cr.) | 75.36 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 10, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 9, 2024 |
JG Chemicals IPO Timeline (Tentative Schedule)
JG Chemicals IPO opens on March 5, 2024, and closes 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 |
JG Chemicals IPO 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 |
| 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 |
| Lot Size Calculator | |||
JG Chemicals IPO Promoter Holding
The Promoters of the company are Suresh Jhunjhunwala, Anirudh Jhunjhunwala and Anuj Jhunjhunwala.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
About JG Chemicals Limited
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.
JG Chemicals Limited Financial Information (Restated Consolidated)
JG Chemicals Limited’s revenue increased by 27.47% and profit after tax (PAT) rose by 31.69% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 271.26 | 297.79 | 264.14 | 209.94 |
| Revenue | 491.10 | 794.19 | 623.05 | 440.41 |
| Profit After Tax | 18.51 | 56.79 | 43.13 | 28.80 |
| Net Worth | 217.86 | 199.89 | 147.66 | 108.48 |
| Reserves and Surplus | 193.22 | 175.67 | 151.23 | 107.17 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
The market capitalization of the IPO is Rs 866.01 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 8.20% |
| ROCE | 11.86 % |
| Debt/Equity | 0.11 |
| RoNW | 8.16% |
| P/BV | 3.51 |
| PAT Margin (%) | 7.24 |
Check JG Chemicals IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.6 | 11.01 |
| P/E (x) | 16.25 | 20.08 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2022 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2022 that is available in RHP.
Objects of the Issue (JG Chemicals IPO Objectives)
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.
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