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JG Chemicals Limited IPO

JG Chemicals Limited IPO

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Listed Price: ₹ 209.00 (-5.43%)

JG Chemicals Limited's completed its IPO journey with a successful listing on NSE, BSE on 13-03-2024. The public offering mobilized 1,13,66,063 Shares in total capital, comprising 74,66,063 Shares in fresh equity and ₹86.19 Cr in Offer for Sale shares from existing stakeholders.

The offering was conducted within the price band of ₹210 to ₹221, with minimum application lots of 67 shares. Investor participation during the 05-03-2024 to 07-03-2024 subscription window determined the final allocation pattern.

The basis of allotment was announced on 11-03-2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.

JG Chemicals IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
JG Chemicals IPO Key Performance Indicator
Company Financials ( in Crores )

JG Chemicals IPO About Company

JG Chemicals Limited, founded in 1975, is a premier zinc oxide manufacturer utilizing the French process, offering a diverse portfolio of over 80 grades catering to industries such as ceramics, paints and coatings, pharmaceuticals, electronics, agrochemicals, lubricants, and animal feed. The company operates three advanced manufacturing facilities in Jangalpur and Belur, Kolkata, West Bengal, and Naidupeta, Andhra Pradesh, with the latter being the largest under its subsidiary. Committed to quality, JG Chemicals adheres to ISO 45001:2018, ISO 14001:2015, and ISO 9001:2015 standards. With a strong financial track record, including a CAGR of 23.87% between FY 2020-2022, and a global presence serving over 200 domestic and 50 international clients across 10+ countries, the company continues to solidify its market leadership, supported by a dedicated workforce of over 100 employees.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


JG Chemicals IPO Strength Factors

  1. High Entry Barriers in Key Industries: Protects market share and limits competition.
  2. Strong Financial Performance: Consistent revenue and profit growth signal stability.
  3. Long-Term Customer & Supplier Relationships: Ensures business continuity and trust.
  4. Experienced Management: Strategic leadership supports growth.
  5. Sustainability Focus: Enhances reputation and regulatory compliance.

JG Chemicals IPO Risk Factors

  1. Dependency on Material Subsidiary: Heavy reliance on BDJ Oxides Private Limited increases vulnerability to its performance fluctuations.
  2. Lack of Trademark Registration: Intellectual property risks could lead to brand dilution or infringement issues.
  3. Competitive Industry Landscape: Pressure from competitors necessitates continuous innovation and differentiation.
  4. Heavy Dependence on Rubber & Tyre Industry: Limited diversification exposes the company to sector-specific downturns.
  5. Leasehold Manufacturing Facilities: Potential lease renewal challenges could disrupt operations.

JG Chemicals IPO Lead Manager(s)

  • Centrum Capital Limited
  • Emkay Global Financial Services Limited
  • Keynote Financial Services Limited

JG Chemicals IPO Promoter(s)

  1. Suresh Jhunjhunwala
  2. Anirudh Jhunjhunwala
  3. Anuj Jhunjhunwala

JG Chemicals IPO Company Details

JG Chemicals Limited
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JG Chemicals IPO Registrar

Kfin Technologies Limited
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JG Chemicals IPO FAQs