JG Chemicals Limited incorporated 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.
JG Chemicals Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 05 Mar 2024 |
| IPO Close Date | 07 Mar 2024 |
| Allotment Date | 11 Mar 2024 |
| IPO Listing Date | 13 Mar 2024 |
JG Chemicals Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 210 to Rs. 221 Per Equity Share |
| Market Lot | 67 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 251 Crore. |
JG Chemicals Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 67 | Rs. 14807 |
| Maximum | 13 | 871 | Rs. 192491 |
| Small HNI (Minimum) | 14 | 938 | Rs. 20729 |
| Big HNI (Minimum) | 68 | 4556 | Rs. 100676 |
JG Chemicals Limited IPO Allotment Status & IPO forms
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Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 297.79 | 264.14 | 209.94 |
| Total Revenue | 794.19 | 623.05 | 440.41 |
| Profit After Tax | 56.79 | 43.13 | 28.80 |
Company Promoters:
The Promoters of the company are Suresh Jhunjhunwala, Anirudh Jhunjhunwala and Anuj Jhunjhunwala.
Purpose of the Issue
- 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.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| JG Chemicals Limited 34A, Metcalfe Street, Kolkata – 700 013 Phone: +91 33 4014 0100 Email: corporate@jgchem.com Website: https://jgchem.com | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: jgchemicals.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus |
