IPO Details
Bidding Dates
05 Mar 24 - 07 Mar 24
Price Range ₹
210 - 221
Total Equity
₹ 251.19Cr
Lot Size
67
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
17.44×
Qualified Institutional Buyers
32.09×
Employees
0.00×
Retail Investors
17.44×
Total subscription Rate
27.78×
IPO Timeline
Offer start
05 Mar 2024
Offer end
07 Mar 2024
Allotment
11 Mar 2024
Refund initiation
12 Mar 2024
Demat transfer
12 Mar 2024
Listing
13 Mar 2024
Offer start
05 Mar 2024
Offer end
07 Mar 2024
Allotment
11 Mar 2024
Refund initiation
12 Mar 2024
Demat transfer
12 Mar 2024
Listing
13 Mar 2024
About Company
Founded in 1975, JG Chemicals Limited is a prominent zinc oxide manufacturer utilizing the French process, offering a diverse range of over 80 grades of zinc oxide. Their product finds extensive application across various industries including ceramics, paints and coatings, pharmaceuticals and cosmetics, electronics and batteries, agrochemicals and fertilizers, specialty chemicals, lubricants, oil and gas, and animal feed. Operating three manufacturing facilities located in Jangalpur and Belur, Kolkata, West Bengal, and Naidupeta in Nellore District, Andhra Pradesh, the company ensures efficient production and distribution to meet market demands effectively.
Year Founded
28-06-2001
Promotor Details
Suresh Jhunjhunwala
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 70.99 |
| Share Capital | 31720000 | 27820000 |
Offer to Public
1,13,66,063.00 Cr
Highlights
- JG Chemicals Limited's zinc oxide product is utilized in various industrial sectors, including ceramics, paints, pharmaceuticals, electronics, agrochemicals, and more, providing diversified revenue streams and market stability.
- Operating three manufacturing facilities across different locations enhances production capacity, geographical reach, and logistical efficiency, ensuring timely delivery and customer satisfaction.
- All manufacturing facilities being ISO 45001:2018 and ISO 14001:2015 certified and ISO 9001:2015 accredited ensures adherence to international quality, environmental, and safety standards, enhancing product reliability and market credibility.
- Accredited ensures adherence to international quality, environmental, and safety standards, enhancing product reliability and market credibility.
- Serving the needs of over 200 local and 50 international customers in more than 10 countries signifies a strong and diversified customer base, reducing dependency on any single market or client.
Challenges
- Being heavily reliant on industrial sectors such as ceramics, paints, and electronics exposes JG Chemicals Limited to market fluctuations and economic downturns in these industries, affecting demand and revenue.
- The zinc oxide manufacturing industry is competitive, with several players offering similar products. Intense competition may lead to price wars, reduced margins, and challenges in market penetration.
- The zinc oxide manufacturing industry is competitive, with several players offering similar products. Intense competition may lead to price wars, reduced margins, and challenges in market penetration.
- Compliance with stringent environmental regulations, especially concerning chemical manufacturing, poses challenges and requires significant investment in pollution control measures and sustainability initiatives
- Dependency on raw material suppliers, transportation networks, and regulatory approvals exposes the company to supply chain disruptions, which can impact production schedules and customer deliveries.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 2,977.90 | 317.20 | 567.93 | 549.43 | 17.3212 |
| 2020 | 1,493.19 | 12.20 | 139.53 | 129.56 | 4.0845 |
| 2022 | 2,641.09 | 12.20 | 287.99 | 234.38 | 7.389 |
| 2021 | 2,099.37 | 12.20 | 9,16,92,690.00 | 9,22,95,660.00 | 2.9097 |
