You are currently viewing JG Chemicals Limited IPO Allotment Status (JG Chemicals IPO) Detail
JG Chemicals IPO

JG Chemicals Limited IPO Allotment Status (JG Chemicals IPO) Detail

To check JG Chemicals IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
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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

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 DateMarch 5, 2024 to March 7, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹210 to ₹221 per share
Lot Size67 Shares
Total Issue Size11,366,063 shares
(aggregating up to ₹251.19 Cr)
Fresh Issue7,466,063 shares
(aggregating up to ₹165.00 Cr)
Offer for Sale3,900,000 shares of ₹10
(aggregating up to ₹86.19 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue31,720,000
Share holding post issue39,186,063

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 CategoryShares OfferedMaximum Allottees 
Anchor Investor Shares Offered3,409,818 (30.00%)NA
QIB Shares Offered2,273,214 (20.00%)NA
NII (HNI) Shares Offered1,704,910 (15.00%)
  bNII > ₹10L1,136,606 (10.00%)1,211
  sNII < ₹10L568,303 (5.00%)605
Retail Shares Offered3,978,122 (35.00%)59,374
Total Shares Offered11,366,064 (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 DateMarch 4, 2024
Shares Offered3,409,818
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 DateTuesday, March 5, 2024
IPO Close DateThursday, March 7, 2024
Basis of AllotmentMonday, March 11, 2024
Initiation of RefundsTuesday, March 12, 2024
Credit of Shares to DematTuesday, March 12, 2024
Listing DateWednesday, March 13, 2024
Cut-off time for UPI mandate confirmation5 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.

Retail (Min)167₹14,807
Retail (Max)13871₹192,491
S-HNI (Min)14938₹207,298
S-HNI (Max)674,489₹992,069
B-HNI (Min)684,556₹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 Issue100.00%
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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax18.5156.7943.1328.80
Net Worth217.86199.89147.66108.48
Reserves and Surplus193.22175.67151.23107.17
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of the IPO is Rs 866.01 Cr.

KPI as of December 31, 2023.

ROCE11.86 %
PAT Margin (%)7.24

Check JG Chemicals IPO Peer Comparison here.

EPS (Rs) 13.611.01
P/E (x) 16.2520.08


  • 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:

  1. 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;
  2. Funding long-term working capital requirements of the Company; and
  3. General corporate purposes.

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