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IPO Status: Listed [5th Mar 2024 to 7th Mar 2024]
JG Chemicals IPO, a Mainline IPO of ₹251.19 Cr was launced on 05-03-2024 to 07-03-2024 and the shares got listed on BSE, NSE on 13-03-2024.
The public issue of JG Chemicals IPO (JGCHEM,544138) was offered at ₹221.00 per share and the ipo was listed at ₹209. It has delivered listing loss of -5.43%.
As the minimum lot size was 67 shares, the IPO has offered Rs -804 per lot loss on listing.
| IPO Issue Opening Date: | 5th Mar 2024 |
| IPO Issue Closing Date: | 7th Mar 2024 |
| IPO Issue Price: | ₹210.00-221.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹251.19 Cr |
| Offer for Sale: | ₹86.19 Cr |
| Fresh Issue: | ₹165.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544138 |
| NSE Code: | JGCHEM |
Get important updates regarding JG Chemicals IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 11th Mar 2024 |
| Refunds Initiation* | 12th Mar 2024 |
| Credit of Shares to Demat* | 12th Mar 2024 |
| IPO Listing Date* | 13th Mar 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹210.00-221.00 |
| Market Lot: | 67 Shares |
| 1 Lot Amount: | ₹14807 |
| Min Small HNI Lots(2-10 Lakh): | 938 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 4556 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 13-03-2024 | 221.00 | 5 | 300/4200 | ₹226 (2.26%) | 13-Mar-2024 10:33 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
JG Chemicals Limited was established in 1975 and is currently the largest zinc oxide manufacturer in India in terms of production and sales. The company uses the French process for producing zinc oxide, which is the most widely accepted production technology for making zinc oxide and is used by all major manufacturers in Asia, Europe, and America. Over the years, JG Chemicals has diversified and expanded its operations, becoming a globally recognized zinc oxide producer.
The company's products are in high demand across a wide range of industrial sectors such as rubber (including tire manufacturing), ceramics, paints and coatings, pharmaceuticals and cosmetics, electronics and batteries, agrochemicals and fertilizers, specialty chemicals, lubricants, oil and gas, and animal feed. The company's extensive manufacturing experience has enabled it to establish long-standing relationships with customers in the ceramics, rubber, paint, cosmetics, and battery industries.
JG Chemicals has received environmental approval from the relevant state authorities for the generation, collection, storage, transportation, reuse, recycling, recovery, processing, treatment, or other use of hazardous waste, as well as for the permitted amount of emissions per production site.
The company sources its raw materials from various domestic and international suppliers. Its primary raw materials are untreated zinc metal and zinc dross (a type of zinc scrap). Zinc dross is mainly generated as a by-product of steel production by steel galvanizers.
| Incorporation | Sector | IPO Issue Size | Website |
| 1975 | Chemical Industry | ₹251.19 Cr | https://jgchem.com/ |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,273,214 (28.57%) | 1,704,910 (21.43%) | 3,978,122 (50%) | 7,956,246 | |
| 1 | 5th Mar 2024 19:04 | 0.02x | 3.03x | 3.85x | 2.58x |
| 2 | 6th Mar 2024 19:04 | 0.46x | 10.00x | 8.73x | 6.64x |
| 3 | 7th Mar 2024 18:23 | 32.33x | 47.92x | 18.03x | 28.52x |
JG Chemicals Limited's revenue increased by 27.47% and profit after tax (PAT) rose by 31.69% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 271.26 | 297.79 | 264.14 | 209.94 |
| Revenue | 491.10 | 794.19 | 623.05 | 440.41 |
| Profit After Tax | 18.51 | 56.79 | 43.13 | 28.80 |
| Net Worth | 217.86 | 199.89 | 147.66 | 108.48 |
| Reserves and Surplus | 193.22 | 175.67 | 151.23 | 107.17 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| JG Chemicals Limited | 63.02 | 27.49 | Consolidated | |||
| Rajratan Global Wire Ltd. | 19.72 | 19.72 | 86.54 | 33.43 | 22.79 | Consolidated |
| Nocil Ltd. | 8.95 | 8.92 | 93.14 | 30.97 | 9.61 | Consolidated |
| Yasho Industries Ltd | 59.54 | 59.54 | 208.75 | 30.03 | 28.52 | Consolidated |
Last Updated on 17-Mar-2024 07:03:24
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase JG Chemicals IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply JG Chemicals IPO with Zerodha.
Alternate approch to apply in JG Chemicals IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
JG Chemicals IPO Review and Important Updates
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To subscribe or apply in JG Chemicals IPO, you can use the following methods:
| JG Chemicals IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in JG Chemicals IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in JG Chemicals IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in JG Chemicals IPO. Most of the Syndicate Banks provide access to apply in JG Chemicals IPO via ASBA process. You must have your net banking access, DP ID information to apply in JG Chemicals IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in JG Chemicals IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
JG Chemicals IPO Review and Important Updates
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Applying in JG Chemicals IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download JG Chemicals IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply JG Chemicals IPO, please refer article >> Link
JG Chemicals IPO Review and Important Updates
Steps to download the online application form for JG Chemicals IPO
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JG Chemicals IPO is going to be list on 13-03-2024. NSE Code for JG Chemicals is JGCHEM. BSE Code for JG Chemicals is 544138.
Other relevant questions:
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JG Chemicals IPO Allotment Date is 11-03-2024.
Other relevant questions:
JG Chemicals IPO share allotment date?JG Chemicals IPO allotment date?
