IPO Issue Details
Issue Price / Price Band₹221 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size67 Shares per Lot
Total Issue Size1,13,66,063 shares (aggregating up to ₹251.19 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 05 Mar 2024
Subscription CloseThu, 07 Mar 2024
Anchor AllotmentMon, 04 Mar 2024
Basis of AllotmentMon, 11 Mar 2024
Initiation of RefundsTue, 12 Mar 2024
Credit of Shares to DematTue, 12 Mar 2024
Listing DateWed, 13 Mar 2024
UPI Mandate Deadline2024-03-07
Application & Investment Details
Retail — Min (1 Lots)₹14,807 — 67 shares
Retail — Max (13 Lots)₹192,491 (13 Lots)
HNI — Min (14 Lots)₹2,07,298 — 938 shares
EPS (Pre-IPO)₹13.60
EPS (Post-IPO)₹11.01
P/E Ratio (Pre-IPO)16.25x
P/E Ratio (Post-IPO)20.08x
Pre-IPO Promoter Holding3,17,20,000 shares
Post-IPO Promoter Holding3,91,86,063 shares
Fresh Issue Shares74,66,063 shares (aggregating up to ₹165.00 Cr)
Offer for Sale Shares39,00,000 shares of ₹10 (aggregating up to ₹86.19 Cr)
About J.G.Chemicals Ltd.
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.
Objects of the Issue
J.G.Chemicals Ltd. proposes to utilise the net proceeds from the Issue for 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.
Shareholding & Lock-in
Pre-IPO Promoter Holding
3,17,20,000 shares
Post-IPO Promoter Holding
3,91,86,063 shares
Lock-in Period (30%)April 10, 2024
Lock-in Period (50%)June 9, 2024