JG Chemicals Limited

Company Profile
Company Name JG Chemicals Limited
Open Date 05-03-2024
Close Date 07-03-2024
Exchange BSE, NSE
Lot Size 67 Shares
Issue Price ₹210 to ₹221 per share
Issue Size 1,13,66,063 shares
Application Amount Min. Inv. - ₹ 14,807 (67 shares) Max. Inv. – ₹ 1,92,491 (871 shares)
Recommendation Apply

JG Chemicals Limited was originally incorporated in the year 1975 and has its registered office in Saltlake, West Bengal, India. The company is in the business of manufacturing zinc oxide through French process. It sells over 80 grades of zinc oxide and are among the top ten manufacturers of zinc oxides globally. Over the last three years, company has marketed and sold product to over 200 domestic customers and over 50 global customers in more than 10 countries. Company’s product caters to a wide spectrum of industrial applications, including in the rubber (tyre & other rubber products), ceramics, paints & coatings, pharmaceuticals & cosmetics, electronics & batteries, Agro chemicals & fertilizers, Speciality chemicals, lubricants, oil & gas and animal feed. As of December 31st, 2023, the Company had 112 employees on its payroll.

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Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 209.94 264.14 297.79 271.26
Net Assets 108.48 152.62 152.62 225.91
Total Borrowings 74.45 93.94 70.35 24.97
Total Revenue 440.41 623.05 794.19 491.10
Profit After Tax 28.79 43.12 56.79 18.51

Tentative Timeline

Opening Date 05/03/2024
Closing Date 07-03-2024
Basis of Allotment 11-03-2024
Initiation of Refunds 12-03-2024
Credit of Shares to Demat 12-03-2024
Listing Date 13-03-2024

Objects of the Issue

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

Contact Information

Registered Office JG Chemicals Limited - 34A, Metcalfe Street, Kolkata – 700 013
Phone +91 33 4014 0100
Email corporate@jgchem.com
Website https://jgchem.com/

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000
Email jgchemicals.ipo@kfintech.com
Website https://kosmic.kfintech.com/ipostatus/

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 70.99%

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