J.g.chemicals Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
Back arrow

J.G.Chemicals

CMP

244.16

-7.53 (-2.99%)

  • DRHP
₹221

Offer Price

₹ 251.19 Cr

Issue Size

₹ 14,807

Min Investment

27.78x

Times Subscribed

67

Lot size

Time Line

  • 05
    Mar 2024
    Open
  • 07
    Mar 2024
    Close
  • 11
    Mar 2024
    Finalisation of Basis of Allotment
  • 12
    Mar 2024
    Initiation of Refunds
  • 12
    Mar 2024
    Transfer of Shares to Demat Account
  • 13
    Mar 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Expand its production capacities and broadening the footprint of manufacturing operations.

  • Further diversify our product offerings and enter new verticals.

  • Zinc Sulphate.

  • Pharmaceutical Grade Zinc Oxide.

  • Specialized Zinc Oxide/Activated Zinc Oxide (Zinc Carbonate).

Products & Services

  • J.G.Chemicals Limited is India`s largest zinc oxide manufacturer.

Strengths

  • Leading market position with a diversified customer base, being supplier to 9 out of top 10 global tyre manufacturers and to all of the top 11 Indian tyre manufacturers.

  • High entry barriers in key end-use industries.

  • Strong and consistent financial performance with growth of revenue from operations and profit after tax growth at a CAGR 34.2825% and 40.43%, respectively, from FY21 to FY23.

  • Long-term relationships with customers and suppliers & having robust supply chain with more than 250 customers in last 3 years.

  • Experienced and dedicated management team.

Risks

  • Its business is almost completely dependent on the sale of one principal product i.e. zinc oxide (in various grades) and any reduction in the demand of the same may have an adverse effect on its business and financial performance.

  • The company is significantly dependent on the business operations of its material subsidiary i.e. BDJ Oxides Private Limited and any deterioration in the performance of its material subsidiary may adversely affect the company`s business, financial condition and results of operations.

  • The company derives a significant part of its revenue from select customers. If one or more of such customers choose not to source their requirements from it, its business, financial condition and results of operations may be adversely affected.

  • The company`s logo is not registered as a trademark. If the company is unable to protect its intellectual property rights, its business, financial condition and results of operations may be adversely affected.

  • The company operates in a competitive industry. Any inability to compete effectively may lead to a lower market share or reduced operating margins.

Company Promoters

Promoters Holding

Issue For IPO
37.71%
Pre Holding

37.71%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 435.30 (9.00%) 612.83 (40.80%) 784.58 (28.00%)
Gross Profit 435.30 (9.00%) 612.83 (40.80%) 784.58 (28.00%)
Net Income 435.30 (9.00%) 612.83 (40.80%) 784.58 (28.00%)
Assets 435.30 (9.00%) 612.83 (40.80%) 784.58 (28.00%)
Liabilities 435.30 (9.00%) 612.83 (40.80%) 784.58 (28.00%)

Book Running Managers

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

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

Adventz Infinity ? 5 15 flr,
Unit 1511 plot 5 Block BN Sec5,
Salt Lake - 700091
Phone : 91-33-4014 0100 Email : corporate@jgchem.com www.jgchem.com

Offer Related Information

Initial public offer of 1,13,66,063^ equity shares of face value of Rs. 10 each ("Equity Shares") of J.G.Chemicals Limited ("Company" or "Issuer") for cash at a price of Rs. 221 per equity share (including a share premium of Rs. 211 per equity share) ("Offer Price") aggregating to Rs. 251.19 crores^ ("Offer") comprising a fresh issue of 74,66,063^ equity shares aggregating to Rs. 165.00 crores^ by the company (the "Fresh Issue") and an offer for sale of 3,900,000^ equity shares aggregating to... More

News

  • No Data Found.

Take your research to the next level.
Login now to unlock Exclusive Features!

Take your research to the next level.
Login now to unlock Exclusive Features!

Download Our App On: