J.G.Chemicals Ltd
Price Range
₹210 - ₹221
Min. Quantity
67
Closes on
7 March 2024
Min. investment
₹14,807/871 Shares
J.G.Chemicals Ltd IPO Timeline
J G Chemicals Limited was initially formed as a Partnership Firm on March 15, 1975 under the name 'J.G.Chemicals' at West Bengal registered under the Indian Partnership Act, 1932. Subsequently, the Partnership Firm converted into a joint stock company and was registered as a Private Limited Company in the name and style 'J.G.Chemicals Private Limited' pursuant to a Certificate of Incorporation dated June 28, 2001, issued by RoC. Thereafter, the name of the Company was changed to J.G.Chemicals Limited, on conversion into a Public Limited dated May 24, 2022 and a fresh Certificate of Incorporation dated May 24, 2022, upon conversion, was issued by the RoC.
| Event | Date |
|---|---|
| J.G.Chemicals Ltd IPO Opening Date | 5 March 2024 |
| J.G.Chemicals Ltd IPO Closing Date | 7 March 2024 |
| Basis of Allotment | 11 March 2024 |
| Initiation of Refunds | 12 March 2024 |
| Credit of Shares to Demat | 12 March 2024 |
| J.G.Chemicals Ltd IPO Listing Date | 13 March 2024 |
J.G.Chemicals Ltd IPO Details
| J.G.Chemicals Ltd IPO Date | 5 March 2024 to 7 March 2024 |
| J.G.Chemicals Ltd IPO Face Value | ₹10 per share |
| J.G.Chemicals Ltd IPO Price | ₹210 to ₹221 per share |
| J.G.Chemicals Ltd IPO Lot Size | 67 |
| Issue Size | Shares of ₹10 (aggregating up to ₹251.19 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹165 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹86.19 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 22,90,142 of the Net Offer |
| Retail Shares Offered | Not less than 41,15,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 17,63,572 of the Net Offer |
| Company Promoters | Suresh Jhunjhunwala, Anirudh Jhunjhunwala, Anju Jhunjhunwala |
J.G.Chemicals Ltd IPO Lot Size
The J.G.Chemicals Ltd IPO lot size is 67 shares. A retail-individual investor can apply for up to 13 lots (871 shares or ₹1,92,491).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 67 | ₹14,807 |
| Maximum | 13 | 871 | ₹1,92,491 |
- Strengths
- Risks
- Opportunities
- Leading market position with a diversified customer base, being supplier to 9 out of top 10 global tyre manufacturers and to all of the top 11 Indian tyre manufacturers.
- High entry barriers in key end-use industries.
- Strong and consistent financial performance with growth of revenue from operations and profit after tax growth at a CAGR 34.2825% and 40.43%, respectively, from FY21 to FY23.
- Long-term relationships with customers and suppliers & having robust supply chain with more than 250 customers in last 3 years.
- Experienced and dedicated management team.
- Focus on long term sustainability with environmental initiatives and safety standards.
Company Financials
J.G.Chemicals Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 312.25 | 251.97 | 10.79 |
| 03-2023 | 137.05 | 343.06 | 25.22 |
| 03-2022 | 123.41 | 265.77 | 15.79 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment or pre-payment in full or part of all or certain borrowings availed by the material subsidiary
- Funding capital expenditure requirements for setting up of R&D Centre
- Funding its long term working capital requirements
- Funding long term working capital requirements of the company
- General Corporate Purposes
J.G.Chemicals Ltd IPO Promoter Holding
| Pre Issue Share Holding | 12.3% |
| Post Issue Share Holding | 9.95% |
J.G.Chemicals Ltd IPO Subscription Status (Bidding Detail)
The J.G.Chemicals Ltd IPO is subscribed 27.78 times on 7 March 2024 05:00:00 PM. The public issue subscribed 17.44 times in the retail category, 32.09 times in the QIB category, and 46.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 32.09 | 46.33 | 17.44 | - | 27.78 |
J.G.Chemicals Ltd IPO Prospectus
J.G.Chemicals Ltd IPO Listing Date
| Listing Date | 13 March 2024 |
| BSE Script | 544138 |
| NSE Symbol | JGCHEM |
| Listing In | BSE, NSE |
| ISIN | INE0MB501011 |
| IPO Price | ₹221 |
| Face Value | ₹10 |
Company Contact Information
Adventz Infinity @ 5 15 flrUnit 1511 plot 5 Block BN Sec5,Salt Lake-700091
Phone: 91-33-4014 0100
Email: corporate@jgchem.com
Website: www.jgchem.com
J.G.Chemicals Ltd IPO Registrar
J.G.Chemicals Ltd IPO Lead Manager(s)
- Centrum Capital Ltd
- Emkay Global Financial Services Ltd
- Keynote Financial Services Ltd
FAQ
What is the issue size of J.G.Chemicals Ltd IPO?
I have pre-applied for J.G.Chemicals Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.