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JG Chemicals Limited IPO Date, Price, Review and Details

 

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JG Chemicals Limited IPO

March 05, 2024 - March 07, 2024 Closed

JG Chemicals Limited IPO

JG Chemicals Limited engaged in zinc oxide manufacturer in terms production and revenue for zinc oxidise. Their product caters, paints, and coatings, pharmaceuticals & Cosmetics. They're the biggest producer of zinc oxide in India, both in terms of how much they make and how much money they bring in. They use the French process, which is the most popular way of making zinc oxide and is used by all the major producers in the Americas, Europe, and Asia. Their Competitive Strengths are Leading market position with a diversified customer base, High entry barriers in key end-use industries, Strong and consistent financial performance, Long-term relationships with customers and suppliers & having robust supply chain.

Company Promoters:

  • Suresh Jhunjhunwala
  • Anirudh Jhunjhunwala
  • Anuj Jhunjhunwala

Objects of this Issue:

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

Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2023

As on 31 Mar 2022

As on 31 Mar 2021

Total Assets

2,977.90

2,641.41

2,099.37

Total Liabilities

842.62

1,075.03

909.32

Net Profit

314.76

264.07

214.88

JG Chemicals Limited IPO Schedule

1.     Bid or Offer Opens on: 05 March 2024
2.     Bid or Offer Closes on: 07 March 2024
3.     Finalization of BoA: 11 March 2024
4.     Initiation of Refunds: 12 March 2024
5.     Credit of share to Demat account: 12 March 2024
6.     Listing Date: 13 March 2024

JG Chemicals Limited IPO Lot Size

The market lot size of the JG CHEMICALS LIMITED IPO is 1 share. Minimum and Maximum order quantity is as follows:

Application

Lots

Shares

Amount

Retail

Minimum

1

67

₹14,807

Maximum

13

871

₹192,491

S-HNI

Minimum

14

938

₹207,298

S-HNI

Maximum

67

4,489

₹992,069

B-HNI

Minimum

68

4,556

₹1,006,876

Company Contact Details:

JG Chemicals Limited IPO

Adventz Infinity @ 5, 15th Floor, Unit 1511, Plot 5 Block - BN, Sector - V,

Salt Lake Electronics Complex, Bidhan Nagar CK Market,

North 24 Parganas, Saltlake,

West Bengal, 700 091, India.

Phone: +91 33 4014 0100

Email:  corporate@jgchem.com

Website: www.jgchem.com

 

JG Chemicals Limited IPO Registrar Details:

KFin Technologies Limited

Selenium, Tower B, Plot No. 31 and 32 Financial District,

Nanakramguda, Serilingampally Hyderabad,

Rangareddi 500 032,

Telangana, India

Phone: +91 40 6716 2222

Email: jgchemicals.ipo@kfintech.com

Website: www.kfintech.com


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