JG Chemicals IPO is planning to raise ₹251.19 Crores through its IPO, consisting of 0.75 crore shares as a fresh issue (worth Rs 165.00 crore) and 0.39 crore shares as an offer for sale (worth Rs 86.19 crore).
Subscription opened on 5 March, 2024 and closed on 7 March, 2024. The allotment result is expected on Monday, 11 March, 2024. The listing date on BSE and NSE is scheduled for Wednesday, 13 March,2024.
The share prices are set in the range of ₹210 to ₹221 per share.Retail investors need a minimum investment of ₹14,807 for a lot size of 67 shares. For sNII, the minimum lot size investment is 14 lots (938 shares), totaling ₹207,298, while for bNII, it is 68 lots (4,556 shares), amounting to ₹1,006,876.
Table of Contents
IPO GMP
Today, the Gray Market Premium (GMP) for IPO JG Chemicals is ₹28. After the allotment is announced, you can check your status on the website: https://rti.kfintech.com/ipostatus/
For more information about the JG Chemicals IPO, please read our blog here.
IPO Details
| Date | 5 Mar 2024 to 7 Mar 2024 |
| Listing Date | 13 Mar, 2024 |
| Price Band | ₹210 to ₹221 |
| Lot Size | 67 Shares |
| Total Issue Size | 11,366,063 shares (around ₹251.19 Cr) |
| Fresh Issue | 7,466,063 shares (around ₹165.00 Cr) |
| Offer for Sale | 3,900,000 shares of ₹10 (around ₹86.19 Cr) |
| Share holding pre issue | 31,720,000 |
| Share holding post issue | 39,186,063 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 67 | ₹14,807 |
| Retail (Max) | 13 | 871 | ₹192,491 |
| S-HNI (Min) | 14 | 938 | ₹207,298 |
| S-HNI (Max) | 67 | 4,489 | ₹992,069 |
| B-HNI (Min) | 68 | 4,556 | ₹1,006,876 |
IPO Anchor Investors Details
JG Chemicals IPO secures ₹75.36 Cr. from anchor investors. Anchor bidding took place on 4 Mar,. For List of Anchor Investors Click here.
| Bid Date | 4 Mar 2024 |
| Shares Offered | 3,409,818 |
| Anchor Portion Size | 75.36 Cr. |
| End of Lock-in Period: 50% Shares (30 Days) | 10 Apr,2024 |
| End of Lock-in Period: Remaining Shares (90 Days) | 09 Jun, 2024 |
IPO Timeline
| IPO Open Date | 05 Mar 2024 |
| IPO Close Date | 07 Mar 2024 |
| Basis of Allotment | 11 Mar 2024 |
| Initiation of Refunds | 12 Mar 2024 |
| Credit of Shares to Demat | 12 Mar 2024 |
| Listing Date | 13 Mar 2024 |
| Cut-off time for UPI mandate | 7 Mar 2024 (5 PM) |
IPO Reservation Quota
| Investor Type | Shares Offered (%) |
|---|---|
| Anchor Investor Quota | 30.00% |
| QIB Quota | 20.00% |
| NII Quota | 15.00% |
| bNII > ₹10L | 10.00% |
| sNII < ₹10L | 5.00% |
| Retail Quota | 35.00% |
| Total Shares | 100% |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 8.20% |
| ROCE | 11.86 % |
| Debt/Equity | 0.11 |
| RoNW | 8.16% |
| P/BV | 3.51 |
IPO Financial Information ( Value in ₹ Cr. )
| Period Ended | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 271.26 | 297.79 | 264.14 | 209.94 |
| Revenue | 491.10 | 794.19 | 623.05 | 440.41 |
| Profit After Tax | 18.51 | 56.79 | 43.13 | 28.80 |
| Net Worth | 217.86 | 199.89 | 147.66 | 108.48 |
| Reserves and Surplus | 193.22 | 175.67 | 151.23 | 107.17 |
IPO Objectives
- BDJ Oxide invested money for three main reasons: to pay off or reduce its debts, to build a research and development center in Naidupeta, Andhra Pradesh, and to support its long-term operating costs.
- Allocation of funds to support the company’s long-term operational needs.
- General corporate purposes.
FAQs
Today, the Gray Market Premium for IPO is ₹28.
The expected return for the IPO today is 12.67%.
The start date for applying to the IPO is 05 Mar, 2024.
The end date for applying to the IPO is 07 Mar 2024.
The allotment date for the IPO is 11 Mar, 2024.
The listing date for the IPO is 13 Mar 2024.
You can check the allotment status at https://rti.kfintech.com/ipostatus/