JG Chemicals IPO

JG Chemicals Limited

₹14,070 /67 sharesMinimum Investment

JG Chemicals IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹221.00₹209.00-₹12.00 (5.43%)

JG Chemicals IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
5 Mar ‘24 - 7 Mar ‘24₹14,07067₹210 - ₹221
Issue SizeIPO Doc
251.19Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers32.09x
Non-Institutional Investor41.8x
Retail Individual Investor17.43x
Total27.78x

About the company

JG Chemicals Limited is a zinc oxide manufacturer that offers over 80 grades of zinc oxide in India and international markets. The company was started in 1975, and today its product range is used across industrial applications, including rubber (tyre & other rubber products), ceramics, paints & coatings, pharmaceuticals & cosmetics, electronics & batteries, agro-chemicals & fertilizers, speciality chemicals, lubricants, oil & gas and animal feed. As of December 31, 2023, the company's aggregate installed capacity of 77,040 MTPA is distributed among three manufacturing facilities situated in (i) Jangalpur (Kolkata, West Bengal), (ii) Belur (Kolkata, West Bengal), and (iii) Naidupeta (Nellore District, Andhra Pradesh). All the manufacturing facilities of the company have been accredited with ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015.;
Founded in
1975
Managing director
Mr. Anirudh Jhunjhunwala
Parent organisation
JG Chemicals Limited

Strength and risks

Strengths
Risks
The company has an installed capacity of 59,904 MTPA for zinc oxide, 7,056 MTPA for zinc ingots, and 10,080 MTPA for zinc sulphate and allied chemicals. The Naidupeta Facility has recently enhanced its capacity by 13,440 MTPA for zinc oxide and 10,080 MTPA for zinc sulphate and allied chemicals.
The company offers over 80 grades of zinc oxide used in different end-use industries.
The company reported revenue from operations of Rs. 435.30 cr, Rs. 612.83 cr and Rs. 784.58 cr in FY 2021, 2022 and 2023 respectively.
As per the company, in the last three Fiscals, it served over 250 customers, of which around 90% customers were repeat customers.
The company uses French process to manufacture various grades of zinc oxide. According to the company, it employs modern pulse jet bag filters and combustion systems for higher productivity, low energy consumption, and compliance with emission norms.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular210 - 221₹2 Lakh
High Networth Individual210 - 221₹2 - 5 Lakh
For JG Chemicals IPO, eligible investors can apply as Regular.
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