JG Chemicals IPO – Open and Close Date, Lot Size, Reservation, Apply Online 

JG Chemicals has announced the date for its upcoming IPO, it will open on 5 March and Close on 7 March. Investors looking to invest in India’s largest Zinc Oxide Manufacturer can prepare for this exciting opportunity. Read the article to learn more about the JG Chemicals IPO.

JG Chemicals IPO

JG Chemicals is one of the largest manufacturers of Zinc Oxide in India, they use the dominant production technology called French process. Many major global producers have adopted the French process for the production technology of zinc Oxide quality grades.

The company produces 80 grades of Zinc Oxide, and globally it stands among the top ten manufacturers of Zinc Oxide.

The products of the JG chemicals serve various industry applications such as agrochemicals, electronics and batteries, pharmaceuticals, and many more.

The company currently serves the requirements of over 50 international and 200 domestic customers with a customer base spread in 10+ countries around the world.

Now, the company has announced its IPO, giving an exciting opportunity to investors. The JG Chemicals IPO will open for application on 5 March 2024 and wrap up on 7 March 2024.

The allotment of the JG Chemicals will proceed on 11 March 2024.

The initiation of refund for those investors who did not get the shares will be done on the next day of the IPO allotment.

Investors who are looking to invest can mark the following dates in their calendars, so they do not miss this exciting opportunity:

Date  JG Chemicals IPO Events
5 March 2024 IPO Opening Date
7 March 2024 IPO Closing date
11 March 2024 Allotment of IPO
12 March 2024 Refund Initiation
13 March 2024 Listing Date
7 March 2024 UPI mandates confirmation cut-off time.

JG Chemicals IPO

JG Chemicals IPO Details

The objectives of the JG chemical IPO are:

  • Raising long-term working capital for the company.
  • To invest in its material subsidiary, BDJ Oxides for repayment of loans and funding the capital expenditure requirement for a research and development center in Naidupeta, Andhra Pradesh.

The JG Chemicals IPO will be a fresh issue of 0.75 crore shares, which matches up to Rs 1650 million. The Offer for Sale (OFS) is up to 3,900,000 equity shares approximately ₹ 86.19 crore. The price band of JG Chemicals IPO is fixed at ₹210 to ₹221 per equity share with a face value of ₹10 per share.

The minimum lot of the IPO issue is 67 shares amounting to up to ₹14,807.

The Registrar of the Issue is KfinTechnologies Ltd. The book-running lead managers are Keynote Financial Services Ltd., Centrum Capital Ltd., and Emkay Global Financial Services Ltd.

Company Name JG Chemicals
IPO Total Size 11,366,063 shares match up to ₹251.19 cr
Issue type Book Built Issue
Lot Size 67 shares
Price band ₹210 to ₹221 per equity share
Face Value ₹10 per equity share
Fresh issue 7,466,063 shares matched up to Rs 165 cr
OFS 3,900,000 shares (matches up to ₹86.19 cr)
Listing at BSE, NSE

JG Chemicals IPO Reservation

The JG Chemicals IPO reservation for the investor category is as follows:

  • The shares offered to Qualified Institutional buyers are at most 50% of the net offer.
  • The shares offered to  Retail investors are not less than 35% of the net issue.
  • The shares offered to high net-worth Individuals of Non-Institutional Investors are not less than 15% of the new issue of the JG Chemicals IPO.

Summing up the IPO reservation of JG Chemicals IPO:

Investors Category Shares offered
QIB 50%
Retail 35%
NII (HNI) 15%

JG Chemicals IPO Lot Size

The minimum lot market of the JG Chemicals IPO is 67 shares with a minimum investment of ₹14,807. The maximum lot size for retail investors is 871 shares as they can subscribe up to 13 lots.

Investor Category 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 ₹1006,876

The JG chemicals IPO market cap is around ₹866.01 cr. The PAT margin is 7.24 in Dec 2023. Investors looking to invest in this growing company, be ready for the IPO to open up on 5 March 2024.

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