247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

JG Chemicals Limited IPO (JG Chemicals IPO) Details

JG Chemicals Limited is an Chemical based company, located in Kolkata, JG Chemicals Limited IPO size was 251.19 Cr. and was issued at 221.00 per share. The share of JG Chemicals Limited were listed at 184.65 per share and are currently trading at 362.10 per share.

Type :
Sub Sector : Zinc Oxide Manufacturer
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
654.80 Cr.

PAT :
24.68 Cr.

Pricing Report

Issue Price :
221.00

Listing Price :
184.65

Current Market Price :
362.10

Issue Price vs CMP :
141.1 (63.85%)

listing Price vs CMP :
177.45 (96.10%)

Performance Report (CAGR* wise)

CAGR : 77.53
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About JG Chemicals

Company Information
JG Chemicals Limited is India's largest zinc oxide manufacturer in terms of production and revenue through the French process, which is the dominant production technology for zinc oxide used by major producers in the Americas, Europe, and Asia (Source: CARE Report). As of March 2022, the company holds a market share of around 30% in zinc oxide production (Source: CARE Report). It sells over 80 grades of zinc oxide and is ranked among the top ten manufacturers globally (Source: CARE Report). Since its incorporation in 2001, the company has expanded its operations and grown into a large, diversified zinc oxide player with a global footprint. The products cater to a wide range of industrial applications, including rubber (tyre & other rubber products), ceramics, paints &
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Object of Issue
  • Investment in Material Subsidiary, vizBDJ 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

JG Chemicals MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Mar, 2024
IPO Size :
251.19 Cr.
Market Cap :
866.01 Cr.   
IPO Subscription :
28.52 X     
PE Multiple :
20.08
Merchant Banker :
Keynote Financial Services Limited
IPO Registrar:
Kfin Technologies Limited

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FAQs

JG Chemicals operates in Chemical and Zinc Oxide Manufacturer. The Issue is listed on MainBoard in Mar, 2024. JG Chemicals IPO size was 251.19 Cr. with Issue price of 221.00 .

Merchant Banker(s) of JG Chemicals IPO: Keynote Financial Services Limited , Smart Horizon Capital Advisors Private Limited , Emkay Global Financial Services Limited

JG Chemicals IPO subscription was 28.52 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

JG Chemicals IPO listed at a listing price of 184.65 against the offer price of 221.00.

The current market price of JG Chemicals is 362.10.

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