JG Chemicals Limited IPO
₹210 - ₹221
67
28.52
| Open Date: | 05-Mar-2024 |
| Close Date: | 07-Mar-2024 |
| Allotment Date: | 11-Mar-2024 |
| Listing Date: | 13-Mar-2024 |
| Listing Price: | N/A |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹210-221 Per Equity Share |
| Issue Size: | Total Issue Size 11,366,063 shares (aggregating up to ₹251.19 Cr) : Fresh Issue 7,466,063 shares (aggregating up to ₹165.00 Cr) : Offer for Sale 3,900,000 shares of ₹10 (aggregating up to ₹86.19 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,807 : S-HNI - ₹207,298 : B-HNI - ₹1,006,876 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 2,273,214 | 1,704,910 | 3,978,122 | 7,956,246 |
| Day 1 - 05-03-24 05:00 PM | 0.02x | 3.03x | 3.85x | 2.58x |
| Day 2 - 06-03-24 05:00 PM | 0.46x | 10.00x | 8.73x | 6.64x |
| Day 3 - 07-03-24 05:00 PM | 32.33x | 47.92x | 18.03x | 28.52x |
| Total No. of Application: | 1,012,547 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 17.05x | |||
| Earning Per Share(EPS) | ₹13.6/- |
| P/E Ratio | 16.25 |
| RoNW | 8.16% |
| Net Asset Value (NAV) - Post Issue: | ₹63.02/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Dec,2023 | 271.26 | 491.10 | 18.51 |
| 31 Mar,2023 | 297.79 | 794.19 | 56.79 |
| 31 Mar,2022 | 264.14 | 623.05 | 43.13 |
| 31 Mar,2021 | 209.94 | 440.41 | 28.80 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | N/A% |
| 1. Suresh Jhunjhunwala |
| 2. Anirudh Jhunjhunwala |
| 3. Anuj Jhunjhunwala |
- 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;
- Funding long-term working capital requirements of the Company; and
- General corporate purposes.
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.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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