J.G.Chemicals Limited

05 Mar 2024 - 07 Mar 2024 Individual Category NSE

Min Investment

₹14807

Price Band

₹210-₹221

Issue Size

81.69 lakhs
Equity Shares

Lot Size

67 (per lot)

IPO Dates
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05 Mar 2024

Open Date

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07 Mar 2024

Close Date

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11 Mar 2024

Allotment Date

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13 Mar 2024

Listing Date

JG Chemicals Limited is coming up with its initial public offering. This significant IPO is open for subscription from Tuesday, March 5, 2024, and will close on Thursday, March 7, 2024. The price band for this IPO is set at Rs 210 to Rs 221 per share. The minimum lot size of this application for the retail category is 67 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 938 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 4556 shares. The minimum investment required for retail category investors is Rs 14,807 ( 221 x 67 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,07,298 ( 221 x 938 shares); for big non-institutional investors, it is Rs 10,06,876 (221 x 4556 shares). JG Chemicals Limited IPO is a book-built issue of Rs 252.19 crore. The issue is a combination of a fresh issue and an offer for sale. The fresh issue is of 0.75 crore equity shares amounting to Rs 165 crore and OFS of 0.39 crore shares amounting to Rs 86.19 crores. The allotment for this IPO is expected to be finalized on Thursday, March 7, 2024. JG Chemicals Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, March 13, 2024. The book-running lead managers of JG Chemicals Limited are Centrum Capital Limited, Keynote Financial Services, and Emkay Global Financial Services Limited. The registrar for this IPO is Kfin Technologies Limited.

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About J.g.chemicals Limited

JG Chemicals was founded in 1975 and is engaged in the business of manufacturing zinc oxide using a French process. Their product is used in various industrial applications such as paints, coating, ceramics, pharmaceutical and cosmetics, electronics and batteries, agrochemicals and fertilizers, speciality chemicals, lubricants, oil and gas, animal feed etc. JG Chemicals produces more than 80 grades of zinc oxide. They operate 3 manufacturing facilities in Jangalpur and Belur in Kolkata, West Bengal and Naidupeta in Andhra Pradesh. Naidupeta has the largest facility, owned and operated by the Material subsidiary. As of December 2023, the company employed 112 permanent workers and over 100 workers and apprentices.

Founded

1975

Managing Director

Anirudh Jhunjhunwala

Parent Organization

IPO Objectives

The company is likely to utilize the net funds for the investment in the material subsidiary. Also, The company utilizes the funds to repay or prepay certain borrowings availed by the company. Other than this, JG Chemical IPO’s net proceeds will be used to fund the long-term working capital requirements, and general corporate purposes will also be fulfilled.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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