JG Chemicals Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹210 - ₹221
- Lot size
- 67 shares
- Issue amount
- ₹251.19 cr
- Total subscription
- 28.52×
- Opens
- 5 Mar 2024
- Closes
- 7 Mar 2024
- Allotment
- 11 Mar 2024
- Listing
- 13 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 1,13,66,063 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹14,070
- Fresh issue
- ₹165 cr
- Offer for sale
- ₹86.19 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,807
- Issue type
- Book Built Issue IPO
- Shares before issue
- 3,17,20,000
- Shares after issue
- 3,91,86,063
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 67 | ₹14,807 |
| sHNI | 14 | 938 | ₹2,07,298 |
| bHNI | 68 | 4,556 | ₹10,06,876 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 50.24 | 1,624.21 |
| RETAIL | 87.92 | 1,585.05 |
| NIB | 37.68 | 1,805.48 |
| HNIs 2+ | 12.56 | 543.04 |
| HNIs 10+ | 25.12 | 1,262.44 |
Financial performance
Company financials
in Crores · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 17.32 | 12.61 | 7.39 |
| ROE | 30.5 | 30.64 | 25.27 |
| ROCE | 29.38 | 25.83 | 25.27 |
| RONW | 27.49 | 27.09 | 21.61 |
| PRE IPO(PE) | 16.25 | 0 | 0 |
| POST IPO(PE) | 3.51 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
JG Chemicals Limited, founded in 1975, is a premier zinc oxide manufacturer utilizing the French process, offering a diverse portfolio of over 80 grades catering to industries such as ceramics, paints and coatings, pharmaceuticals, electronics, agrochemicals, lubricants, and animal feed. The company operates three advanced manufacturing facilities in Jangalpur and Belur, Kolkata, West Bengal, and Naidupeta, Andhra Pradesh, with the latter being the largest under its subsidiary. Committed to quality, JG Chemicals adheres to ISO 45001:2018, ISO 14001:2015, and ISO 9001:2015 standards. With a strong financial track record, including a CAGR of 23.87% between FY 2020-2022, and a global presence serving over 200 domestic and 50 international clients across 10+ countries, the company continues to solidify its market leadership, supported by a dedicated workforce of over 100 employees.
Strengths
- High Entry Barriers in Key Industries: Protects market share and limits competition.
- Strong Financial Performance: Consistent revenue and profit growth signal stability.
- Long-Term Customer & Supplier Relationships: Ensures business continuity and trust.
- Experienced Management: Strategic leadership supports growth.
- Sustainability Focus: Enhances reputation and regulatory compliance.
Risk factors
- Dependency on Material Subsidiary: Heavy reliance on BDJ Oxides Private Limited increases vulnerability to its performance fluctuations.
- Lack of Trademark Registration: Intellectual property risks could lead to brand dilution or infringement issues.
- Competitive Industry Landscape: Pressure from competitors necessitates continuous innovation and differentiation.
- Heavy Dependence on Rubber & Tyre Industry: Limited diversification exposes the company to sector-specific downturns.
- Leasehold Manufacturing Facilities: Potential lease renewal challenges could disrupt operations.
Promoters
Suresh Jhunjhunwala
Anirudh Jhunjhunwala
Anuj Jhunjhunwala
Registrar & documents
Lead manager
Centrum Capital Limited, Emkay Global Financial Services Limited, Keynote Financial Services Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
34A, Metcalfe Street, Kolkata – 700 013
+91 33 4014 0100
[email protected]Company website ↗Understanding JGCHEM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.