JG Chemicals IPO Date, Review, Price, Allotment Details

JG Chemicals IPO Details: JG Chemicals IPO date is fixed, the IPO is to hit the market on March 5 and will close on March 7. JG Chemicals IPO to raise around ₹251.19 crores via IPO that comprises fresh issue of ₹165 crores and offer for sale up to 11,366,063 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
JG Chemicals IPO

Table of Contents

JG Chemicals is India’s largest zinc oxide manufacturer in terms of production and revenue for zinc oxide manufacturing through the French process, which is the dominant production technology for producing zinc oxide and has been adopted by all the major producers in the Americas, Europe, and Asia (Source: CARE Report). The market share of their Company is around 30% as of March 2022 (Source: CARE Report). They sell over 80 grades of zinc oxide and are among the top ten manufacturers of zinc oxides globally (Source: CARE Report).


Since their incorporation in 2001, they have expanded their business and scale of operations and have grown into a large, diversified zinc oxide player with a global footprint. Their product caters to a wide spectrum of industrial applications, including rubber (tire & other rubber products), ceramics, paints & coatings, pharmaceuticals & cosmetics, electronics & batteries, agro-chemicals & fertilizers, specialty chemicals, lubricants, oil & gas, and animal feed.

Owing to their legacy of over four decades in manufacturing businesses, they benefit from their experience in catering to a wide array of customers. They have built a long-standing relationship with customers across end-user industries in the tires, ceramics, rubber, paints, cosmetics, and batteries industry. Over the last three years, they marketed and sold their product to over 200 domestic customers and over 50 global customers in more than 10 countries.


Objects of the Issue

  • Investment in our Material Subsidiary, viz. BDJ Oxides (i) repayment or pre-payment, in full or in part, of all or certain borrowings availed by our Material Subsidiary; (ii) funding capital expenditure requirements for setting up of a research and development centre situated in Naidupeta (“R&D Centre”); and (iii) funding its long-term working capital requirements
  • Funding long-term working capital requirements of our Company.
  • General corporate purposes.

JG Chemicals IPO Review (Apply or Not)

  • Apply

Brokerage Firm IPO Review

  • Arihant Capital Markets Ltd – Apply
  • Swastika Investmart Ltd – Apply

JG Chemicals IPO Date & Price Band Details

IPO Open:March 5, 2024
IPO Close:March 7, 2024
IPO Size:Approx ₹251.19 Crores
Fresh Issue:Approx ₹165 Crores
Offer for Sale:Approx 11,366,063 Equity shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹220 to ₹221 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

JG Chemicals IPO Market Lot

The JG Chemicals IPO minimum market lot is 67 shares with ₹14,807 application amount. The retail investors can apply up-to 13 lots with 871 shares or ₹192,491 amount.

ApplicationLot SizeSharesAmount
Retail Minimum167₹14,807
Retail Maximum13871₹192,491
S-HNI Minimum14938₹207,298
B-HNI Minimum684,556₹1,006,876

JG Chemicals IPO Allotment & Listing Dates

The JG Chemicals IPO date is March 5 and the close date is March 7. The JG Chemicals IPO allotment will be finalized on March 11 and the IPO listing on March 13.

Price Band Announcement:March 4, 2024
IPO Open Date:March 5, 2024
IPO Close Date:March 7, 2024
Basis of Allotment:March 11, 2024
Refunds:March 12, 2024
Credit to Demat Account:March 12, 2024
IPO Listing Date:March 13, 2024

You can check IPO subscription status and IPO allotment status on their respective pages.

JG Chemicals IPO Form

How to apply for the JG Chemicals IPO? You can apply for JG Chemicals IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the JG Chemicals IPO in the Invest section. The other option is you can apply for JG Chemicals IPO via IPO forms downloaded via NSE and BSE. Check out the JG Chemicals forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


JG Chemicals Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2021₹407.27₹388.16₹13.95
2022₹440.40₹399.20₹28.80
2023₹623.05₹565.60₹43.13
Sep 2023₹432.20₹383.67₹35.71

JG Chemicals IPO Valuation – FY2023

Check JG Chemicals IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹12.61 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):27.09%
Net Asset Value (NAV):₹46.55 per Equity Share

Peer Group

  • NA

Company Promoters

  • Suresh Jhunjhunwala
  • Anirudh Jhunjhunwala
  • Anuj Jhunjhunwala

JG Chemicals IPO Registrar

KFin Technologies Limited
Phone : +91 40 6716 2222
Email : [email protected]
Website : www.kfintech.com

JG Chemicals IPO Allotment Status Check

Check JG Chemicals IPO allotment status on KFinTech website allotment URL. Click Here

JG Chemicals IPO Lead Managers aka Merchant Bankers

  • Keynote Corporate Services Ltd

Company Address

JG Chemicals Limited
34A, Metcalfe Street,
Kolkata – 700 013, West Bengal
Phone : +91 33 4014 0100
Email : [email protected]
Website : www.jgchem.com

JG Chemicals IPO FAQs

What is JG Chemicals IPO?

JG Chemicals IPO is a main-board IPO. They are going to raise ₹251.19 Crores via IPO. The issue is priced at ₹220 to ₹221 pr equity share. The IPO is to be listed on BSE & NSE.

When JG Chemicals IPO will open?

The IPO is to open on March 5, 2024 for QIB, NII, and Retail Investors.

What is JG Chemicals IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the JG Chemicals IPO?

You can apply for JG Chemicals IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the JG Chemicals IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “JG Chemicals”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the JG Chemicals IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “JG Chemicals”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the JG Chemicals IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “JG Chemicals”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is JG Chemicals IPO Size?

JG Chemicals IPO size is ₹251.19 crores.

What is JG Chemicals IPO Price Band?

JG Chemicals IPO Price Band is ₹220 to ₹221.

What is the JG Chemicals IPO Allotment Date?

JG Chemicals IPO allotment date is March 11, 2024.

What is the JG Chemicals IPO Listing Date?

JG Chemicals IPO listing date is March 13, 2024. The IPO is to list on BSE and NSE.

Note: The JG Chemicals IPO price band and date are officially announced yet. The IPO grey market premium (JG Chemicals IPO Premium) will be added to the IPO grey market page as it will start).

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