About JG Chemicals LimitedIncorporated in 2001, J.G.Chemicals Limited is India’s largest zinc oxide manufacturer, with a market share of around 30% as of March 2022. It is among the top ten manufacturers of zinc oxides globally. It sells over 80 grades of zinc oxide, while its products are used in tyre & other rubber products, ceramics, paints & coatings, pharmaceuticals & cosmetics, electronics & batteries, agro-chemicals & fertilisers, speciality chemicals, lubricants, oil & gas and animal feed. The tyre industry is the largest consumer of J.G.Chemicals product in India wherein it supplies to all of the top 11 tyre manufacturers. It also supplies to 9 out of the top 10 global tyre manufacturers. Over the last three years, it sold its product to 200+ domestic and 50+ global customers in more than 10 countries. It sources its raw material – virgin zinc metal and Zinc Dross, from old and established trading houses that work based on long term relationships and refrain from doing business with new entrants. It has procured raw materials from over 100 global suppliers in the last three years. Its three manufacturing facilities are located at Kolkata in West Bengal and Nellore in Andhra Pradesh. All these facilities are owned and operated by its material subsidy - BDJ Oxides, which is the only zinc oxide manufacturing facility in India to have an IATF certification.Between FY21 and FY23, it saw a CAGR rise of 21% in its revenue from operations and 25% in its profit. Moreover, the zinc oxide market in India is expected to grow at a CAGR of 10%-12% between FY22 and FY27, which could benefit the company.And now, J.G.Chemicals Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised to invest in its material subsidiary, BDJ Oxides, to fund its long term working capital requirements, and for general corporate purposes. Its shares will be listed on the NSE and the BSE. Here are key details about the JG Chemicals Limited IPO:
Financial snapshot
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Here’s a quick look at JG Chemicals Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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JG Chemicals Limited IPO details|JG Chemicals Limited IPO dateAccording to the offer document filed by the company with the SEBI, the J.G.Chemicals IPO’s opening date – in other words, the J.G.Chemicals IPO launch date – will be 5th March 2024. The J.G.Chemicals IPO closing date is 7th March 2024. After this, investors will be updated about the allotment status on 11th March 2024. Investors, who have been allotted shares, can expect them to be credited to their demat account on 12th March 2024. The J.G.Chemicals IPO listing date is 13th March 2024. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. |JG Chemicals Limited IPO Price BandThe IPO is an offer for sale as well as a fresh issue. The J.G.Chemicals IPO price band has been set between ₹210 and ₹221 per share. Interested investors can choose a price within this band to apply for the IPO. The J.G.Chemicals IPO listing price will be determined on 13th March 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. |JG Chemicals Limited IPO Lot size The J.G.Chemicals IPO details have been declared. The J.G.Chemicals IPO lot size is set at 67 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the J.G.Chemicals IPO issue size is approx ₹251 crore. |
How to pre-apply for the JG Chemicals Limited IPO?You can pre-apply for the JG Chemicals Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the JG Chemicals Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the JG Chemicals Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the JG Chemicals Limited IPO on Upstox:
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How to check the JG Chemicals LimitedIPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the JG Chemicals Limited IPO allotment status:
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Open a demat account with Upstox to apply for the JG Chemicals Limited IPOTo apply for the JG Chemicals Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the JG Chemicals Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the JG Chemicals Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the J.G.Chemicals IPO means applying for this public issue before it goes live. Click here to pre-apply for the J.G.Chemicals IPO on Upstox.
You can pre-apply for the J.G.Chemicals IPO from 04 March 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the J.G.Chemicals IPO opens for the subscription.
The J.G.Chemicals IPO launch date is 5th March 2024. The J.G.Chemicals IPO will be open for subscription till 7th March 2024.
The J.G.Chemicals lot size is 67 shares and the minimum investment required is ₹14,807.
The J.G.Chemicals IPO price band is ₹210 – ₹221 per share.
The size of the J.G.Chemicals IPO is approx. ₹251 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 12th March 2024.
J.G.Chemicals shares will be on NSE and BSE.
J.G.Chemicals shares’ listing date is 13th March 2024.