JG Chemicals Limited IPO Detail

Incorporated in 1975, JC Chemicals Limited is a zinc oxide manufacturing company using the French process. The company produces more than 80 grades of zinc oxide.

This product has various industrial applications such as ceramics, paints and coatings, pharmaceuticals and cosmetics, electronics and batteries, agrochemicals and fertilizers, speciality 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 company manufacturing facilities are ISO 45001:2018 and ISO 14001:2015 certified and ISO 9001:2015 accredited.

For the six-month period ending on September 30, 2022, and for the fiscal years 2020, 2021, and 2022, the revenue from operations was ₹3,993.91 million, ₹4,352.98 million, ₹6,128.30 million, and ₹4,250.72 million, respectively. The revenue from operations showed a compound annual growth rate (CAGR) of 23.87% between the fiscal years 2020 and 2022.

The company has served the needs of more than 200 local and 50 international clients across 10+ countries.

As of October 31, 2022, the company had 105 permanent employees, over 100 laborers, and trainees.

Company Promoters

Suresh Jhunjhunwala, Anirudh Jhunjhunwala & Anuj Jhunjhunwala

IPO Details

IPO Opening Date	Mar 05, 2024
IPO Closing Date	Mar 07, 2024
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹210 - 221 per equity share
Market Lot	67 Shares
Min Order Quantity	67 Shares
Listing At	BSE, NSE
Issue Size	₹251.19 Cr
Fresh Issue	₹165.00 Cr
Offer for Sale	₹86.19 Cr
Retail Portion	35%

IPO Subscription (Bidding Detail)

AS On	QIB	SHNI	BHNI	NII	RII	TOTAL
Day 1	0.02x	4.56x	2.26x	3.03x	3.85x	2.58x
Day 2	0.46x	14.07x	7.96x	10.00x	8.73x	6.64x
Day 3	32.33x	43.24x	50.26x	47.92x	18.03x	28.52x

IPO Tentative Timetable

The JG Chemicals Limited IPO open date is Mar 05, 2024, and the close date is Mar 07, 2024. The issue may list on Mar 13, 2024.

IPO Open Date	Mar 05, 2024
IPO Close Date	Mar 07, 2024
Basis of Allotment Date	Mar 11, 2024
Initiation of Refunds	Mar 12, 2024
Credit of Shares to Demat Account	Mar 12, 2024
IPO Listing Date	Mar 13, 2024

IPO Lot Size

The JG Chemicals Limited IPO market lot size is 67 shares. A retail-individual investor can apply for up to 13 lots (871 shares or ₹192491).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	67	₹14807
Maximum	13	871	₹192491

IPO Promoter Holding

Pre Issue Share Holding	100%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Cr.)

Financial Year	Total Assets	Total Revenue	Profit After Tax
31-Mar-21	209.94	440.41	28.80
31-Mar-22	264.14	623.05	43.13

Objects of the Issue:

The company intends to utilize the Net Proceeds towards the following objects:

Investment in the Material Subsidiary, viz. BDJ Oxides (i) repayment or pre-payment, in full or in part, of all or certain borrowings availed by the Material Subsidiary; (ii) funding capital expenditure requirements for setting up of a research and development centre situated in Naidupeta ("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.

JG Chemicals Limited IPO Registrar:

KFin Technologies Limited

JG Chemicals Limited IPO Lead Manager(s):

Centrum Capital Limited Emkay Global Financial Services Ltd Keynote Financial Services Ltd

Company Contact Information:

JG Chemicals Limited

34A,

Metcalfe Street,

Kolkata – 700 013