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    JG Chemicals Limited

    CLOSED

    IPO Date: 5 Mar - 7 Mar 2024

    Listing Date: 13 Mar 2024

    Price Range

    ₹210 to ₹221 per share

    Issue Size

    251.19 Cr

    Min Investment

    ₹14,070

    Lot Size

    67 Shares

    View IPO Document

    Schedule of JG Chemicals Limited

    Issue open date

    5 Mar 2024

    Issue close date

    7 Mar 2024

    UPI mandate deadline

    7 Mar 2024 (5 PM)

    Allotment finalization

    11 Mar 2024

    Share credit

    12 Mar 2024

    Listing date

    13 Mar 2024

    Mandate end date

    22 Mar 2024

    Issue size

    Funds Raised in the IPOAmount
    Overall251.19 Cr
    Fresh Issue0 Cr
    Offer for Sale0 Cr

    Allotment DetailsNew

    Allotment TimelineDetails
    Allotment Date11 Mar 2024
    Allotment Link{Link}

    Grey Market PremiumNew

    Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

    DateIpo PriceGMPEstimated Listing Price
    13 Mar 2024₹221₹5₹226 (2.26%)
    12 Mar 2024₹221₹5₹226 (2.26%)
    11 Mar 2024₹221₹32₹253 (14.48%)
    10 Mar 2024₹221₹32₹253 (14.48%)
    9 Mar 2024₹221₹32₹253 (14.48%)
    8 Mar 2024₹221₹21₹242 (9.5%)
    7 Mar 2024₹221₹20₹241 (9.05%)
    6 Mar 2024₹221₹25₹246 (11.31%)
    5 Mar 2024₹221₹50₹271 (22.62%)
    4 Mar 2024₹221₹50₹271 (22.62%)
    3 Mar 2024₹221₹50₹271 (22.62%)

    Performance JG Chemicals Limited

    Issue PriceListing GainCurrent Market PriceP/L
    ₹210 to ₹221 per share₹ 628 (-16.38%) ₹ 323.8546.54%

    About JG Chemicals Limited

    JG Chemicals Limited was founded 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.As of December 31, 2023, the company employed 112 permanent employees, over 100 workers and apprentices.For the nine-month period ended December 31, 2023 and the financial years 2023, 2022 and 2021, the Company recorded operating income of ₹ 4,863.22 million, ₹ 7,845.76 million, ₹ 6,128.30 million and ₹ 4,352.98 million respectively.

    Founded in1975
    Managing director
    Parent organization

    Financial Overview

    Strengths

      Risks

        Subscription Figures

        CategorySubscription (No. of times)
        Qualified Institutional Buyers (QIBs)32.33
        Non-Institutional Investors (NIIs)47.92
        Retail Individual Investors (RIIs)18.03
        EmployeeN/A
        Total28.52