JG Chemicals IPO launching at the NSE and BSE exchanges. The total issue size of this IPO is Rs. 251.19 crores, which includes a fresh issue size of Rs. 165.00 crores and an OFS issue size of Rs. 86.19 crores. Each share has a face value of Rs. 10. This IPO is open from March 5, 2023, to March 7, 2023. You can apply for a minimum of one lot of 67 shares or multiples thereof at the price band mentioned in their offer document, which means Rs. 210 to Rs. 221 per share. for read more ipo
GMP of JG Chemicals IPO:
JG Chemicals’ most recent GMP, as of March 2, 2024, at 3:58 PM, is ₹50. The projected listing price for the JG Chemicals IPO is ₹271 (cap price + today’s GMP), with a price band of 221.00.22.62% is the anticipated gain/loss per share. for details.
Details of JG Chemicals IPO:
- Opening Date: 05-03-2024
- Closing Date: 07-03-2024
- Price: ₹210.00-221.00 Per Share
- Listing At: BSE, NSE
- Retail Quota: Not less than 35% of the Net Issue
- Issue Type: Book Build Issue
- Issue Size: ₹251.19 Cr
- Offer for Sale: ₹86.19 Cr
- Fresh Issue: ₹165.00 Cr
- Face Value: ₹10 Per Equity Share
- IPO Discount: To be determined
- Promoter Holding Pre IPO: 100.00%
Important Dates of JG Chemicals IPO:
- Basis of Allotment Date: 11-03-2024
- Refunds Initiation: 12-03-2024
- Credit of Shares to Demat: 12-03-2024
- IPO Listing Date: 13-03-2024
IPO Activity Dates:
- Issue Price: ₹210.00-221.00
- Market Lot: 67 Shares
- 1 Lot Amount: ₹14807
- Minimum Small HNI Lots (2-10 Lakh): 938 shares (14 lots)
- Minimum Big HNI Lots (10+ Lakh): 4556 shares (68 lots)
About Company – JG Chemicals:
Since its founding in 1975, JG Chemicals Limited has grown to become India’s biggest manufacturer of zinc oxide, both in terms of output and sales. The company using the French process for producing zinc oxide, it’s widely accepted and used by big manufacturers in Asia, Europe, and America as the most comprehensive method. JG Chemicals has evolved and expanded in recent years to rank among the top producers of zinc oxide worldwide.
Numerous industrial sectors, including rubber (including tire manufacturing), ceramics, paints and coatings, pharmaceuticals, cosmetics, electronics, batteries, specialty chemicals, lubricants, oils, and gases, as well as animal feed, have high demand for the company’s products. Because of its vast manufacturing experience, the firm has been able to build enduring connections with clients in the ceramic, rubber, paint, cosmetic, and battery sectors.
For the production, collection, storage, transportation, reuse, recycling, recovery, processing, treatment, or other uses of hazardous waste, as well as for the emission limit per production site, JG Chemicals has received environmental approval from the appropriate state authorities.
The company purchases its raw materials from a local and foreign vendors, Zinc dross, a kind of scrap zinc, and refined zinc metal are its main raw materials. The primary source of zinc metal is a byproduct of steel galvanizing, which is used to create steel.
Strengths of JG Chemicals IPO:
- A dominant market position and a wide range of clients.
- High obstacles to entry in important end-use sectors.
- Robust and steady financial results.
- Strong supply chain and enduring connections with suppliers and customers.
- A committed and experienced management team.
- Prioritize long-term sustainability by implementing safety regulations and environmental projects.
Objective of JG Chemicals IPO:
Investment in its Material Subsidiary, BDJ Oxides, serves the following purposes: (i) repay or prepay, in full or in part, all or some of the borrowings taken out by its Material Subsidiary; (ii) finance the capital expenditures necessary to establish a research and development center (R&D Center) in Naidupeta, Andhra Pradesh; and (iii) finance the Company’s long-term working capital requirements.
DISCLAIMER:
The financial data shown here should not be interpreted in any manner as advice or as an offer to purchase or sell securities. This publication’s content is only for educational and informative purposes, Before making any actual investment choices based on the information given above, readers should consult a certified financial advisor.