JG Chemicals Limited
CLOSEDIPO 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
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 IPO | Amount |
|---|---|
| Overall | 251.19 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 11 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.
| Date | Ipo Price | GMP | Estimated 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 Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹210 to ₹221 per share | ₹ 628 (-16.38%) | ₹ 323.85 | 46.54% |
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 in | 1975 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
Risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 32.33 |
| Non-Institutional Investors (NIIs) | 47.92 |
| Retail Individual Investors (RIIs) | 18.03 |
| Employee | N/A |
| Total | 28.52 |