JG Chemicals Ltd. IPO

JG Chemicals, India's largest zinc oxide manufacturer by production and revenue, uses the dominant French process. Holding a 30% market share, they cater to a diverse range of industries with over 80 zinc oxide grades. Established in 2001, they've grown into a global player serving over 200 domestic and 50 international customers across 10+ countries. Their key clients include 9 out of the top 10 global tire manufacturers and all top 11 Indian tire companies. Notably, their subsidiary, BDJ Oxides, is India's only IATF-certified zinc oxide facility, preferred by major tire manufacturers.

RHP
View
DRHP
View
Open Date

2024-03-05

Close Date

2024-03-07

JG Chemicals Ltd. IPO Details

Check out the issue details for JG Chemicals Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 221

Price Band

₹ 210 - 221

Issue Size

251.19 Cr.

Issue Type

Book Built

Open

2024-03-05

Close

2024-03-07

Listingprice

₹ 209

ListingGain

-5.43%

Listing Date

2024-03-13

CMP

₹ 434.6

Current Return

96.65%

Company Financials

You can get the following financial statements of JG Chemicals Ltd. as of now.

The details about the JG Chemicals Limited IPO is as:

  • The issue size of the IPO is 251.19 Cr.
  • The price band for JG Chemicals Limited IPO is Rs 210 to Rs 221.
  • The shares of JG Chemicals Limited IPO will list on 13th March 2024.
  • The latest tentative GMP of JG Chemicals Limited IPO is Rs 30.
  • The shares of JG Chemicals Limited IPO is subscribed 28.52 Times as of 7th March 2024.

 

JG Chemicals Limited IPO Valuation

The approx valuation of JG Chemicals Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 221
Existing Shares (Qty) 3.17 Cr
Fresh Issue 165 Cr
Market Cap 865.57 Cr
EPS (FY23) Rs 17.32
PE Ratio 12.75x
Industry PE 31.48x

 

JG Chemicals Limited IPO Issue Size

JG Chemicals Limited IPO issue size is 251.19 Cr

Issue Amount
Fresh Issue 165 Cr
Offer For Sale 86.19 Cr

 

JG Chemicals Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 67 shares and a maximum of 13 lots of 871 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 67 14,807
 Maximum 13 871 1,92,491

 

JG Chemicals Limited IPO share offer

The shares of JG Chemicals Limited IPO is subscribed 28.52 Times as of 7th March 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 32.33 Times
Non-Institutional Minimum 15% 47.92 Times
Retail Individual Minimum 35% 18.03 Times
Total   28.52 Times

Find below the dates for JG Chemicals Limited IPO:

Schedule Date
Basis of Allotment 11 March 2024
Refunds 12 March 2024
Credit to Demat Account 12 March 2024
IPO Listing Date 13 March 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 225.93 187.81 256.59 335.3 244.65
Total Expenditure 216.76 179.22 241.93 308.76 234.36
Operating Profit 9.17 8.59 14.67 26.54 10.29
Other Income 8.32 5.25 9.21 9.49 7.71
Interest 2.88 1.84 2.37 1.1 0.88
Depreciation 0.58 0.48 0.7 0.68 0.9
Exceptional Items 0 0 0 0 -1.8
Profit Before Tax 14.03 11.51 20.8 34.25 14.4
Provision for Tax 3.57 4.61 5.01 9.03 3.62
Net Profit 10.46 6.9 15.8 25.22 10.79
Adjusted EPS (Rs.) 0.33 0.22 0.5 0.8 0.28

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 1.22 1.22 1.22 31.72 39.19
Total Reserves 69.73 76.44 92.27 87.05 250.48
Borrowings 0.2 0.11 0.04 0 0
Other N/C liabilities -0.18 -0.02 -0.08 0.16 -1.03
Current liabilities 22.62 29.05 29.88 18.13 22.59
Total Liabilities 93.59 106.79 123.33 137.05 311.22
Assets
Net Block 4.04 5.39 5.31 5.29 8.58
Capital WIP 0.25 0 0.02 0.45 0
Intangible WIP 0 0 0 0 0
Investments 8.94 11.46 11.31 5.78 12.29
Loans & Advances 8.23 7.58 0.62 1.02 25.6
Other N/C Assets 0.4 0.4 0.41 0.46 0.56
Current Assets 71.73 81.96 105.65 124.05 264.2
Total Assets 93.59 106.79 123.33 137.05 311.22
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024 Jun 2024 Sep 2024
Other Income 2.07 2.18 4.09
Profit Before Tax 6.42 5.11 8.52
Tax 1.55 1.28 2.23
Profit After Tax 4.87 3.83 6.29
Adjusted EPS (Rs) 1.24 0.98 1.6

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 70.99 0
Jun 2024 70.99 0
Mar 2024 70.99 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 14.03 11.52 20.8 34.25 16.21
Adjustment 3.28 -1.41 -1.78 -0.42 -1.5
Changes in Assets & Liabilities 14.78 -2.48 -16.68 -19.09 17.99
Tax Paid -3.85 -3.53 -5.48 -8.64 -3.15
Operating Cash Flow 28.23 4.1 -3.14 6.11 27.74
Investing Cash Flow -8.18 -0.8 2.94 5.18 -141.21
Financing Cash Flow -20.37 0.76 -0.22 -11.75 153.68
Net Cash Flow -0.31 4.07 -0.42 -0.46 40.21
X