J G Chemicals Limited, Indiaโs largest zinc oxide manufacturer, launched its initial public offering (IPO) today, March 5, 2024. Here is the key details investors should know.
Company Website: https://www.jgchem.com/
JG Chemicals Limited IPO Details
- IPO Date: March 5, 2024, to March 7, 2024
- Listing Date: Wednesday, March 13, 2024
- Face Value: โน10 per share
- Price Band: โน210 to โน221 per share
- Lot Size: 67 shares
- Total Issue Size: 11,366,063 shares (aggregating up to โน251.19 Cr)
- Fresh Issue: 7,466,063 shares (aggregating up to โน165.00 Cr)
- Offer for Sale: 3,900,000 shares of โน10 (aggregating up to โน86.19 Cr)
- Issue Type: Book Built Issue IPO
- Listing Exchanges: BSE, NSE
- Shareholding Pre-Issue: 100.00%
- Shareholding Post-Issue: To be determined
Subscription Status
JG Chemicals IPO subscribed 2.58 times. The public issue subscribed 3.85 times in the retail category.
| Date | QIB | NII | Retail | Total |
| Day 1 Mar 5,2024 | 0.02x | 3.03x | 3.85x | 2.58x |
| Day 2 Mar 6,2024 | 0.46x | 9.99x | 8.71x | 6.63x |
| Day 3 Mar7,2024 | 32.33x | 47.92x | 18.03x | 28.52x |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
Objects of the Issue
- Fresh Issue: โน1,650 million
- Offer for sale: โน 862 million
- 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 capex requirements
for setting up of a R&D center situated in Andhra Pradesh - Long-term working capital requirements.
- General corporate purposes.
Promoter Share Holding
| Share Holding | Pre Issue | Post Issue |
| Promoter & Promoter Group | 100.0 | 70.9 |
| Public | 0.0 | 29.1 |
| Total | 100 | 100 |
Valuation
JG Chemicals Ltd has a leading market position with a diversified
customer base, being supplier to 9 out of top 10 global tyre
manufacturers
At the upper price band company is valuing at P/E of 15.76x and
EV/EBITDA 12.3x with a market cap of โน 8,660 million post issue of
equity shares.
JG Chemicals IPO GMP
JG Chemicals IPO last GMP is โน20, last updated Mar 7th 2024 08:56 PM. With the price band of 221.00, JG Chemicals IPOโs estimated listing price is โน241 (cap price + todayโs GMP).The expected percentage gain/loss per share is 9.05%.
JG Chemicals IPOย last GMP is โน34, last updated Mar 6th 2024.
Product
Country Wise International Chemical sales (USD billion)
- Zinc oxide for ceramics
- Zinc oxide for paints & coatings
- Zinc oxide for pharmaceuticals & cosmetics
- Zinc oxide for electronics & batteries
- Zinc oxide for agrochemicals, fertilizers, and speciality chemicals
- Zinc oxide for lubricants, oil & gas, and animal feed
Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites.
This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
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