J.G Chemicals Limited IPO Opens On March 05. Check IPO Details Issue Date Price


J.G Chemicals Limited IPO Opens On March 05. Check IPO Details Issue Date Price

March 06, 2024
J.G Chemicals Limited IPO Opens On March 05. Check IPO Details Issue Date Price

J.G Chemicals Limited is coming out with a public issue to raise Rs 251.19 crores from the market.

Below are the details of the J.G Chemicals Limited IPO:

  • Issue opens – March 05 (Tuesday)
  • Issue closes – March 07 (Thursday)
  • Issue size – Rs 251.19 crores
  • Price band – Rs 210 to 221 per equity share
  • Bid lot – 67 shares and in multiples thereof

And here are some details of the company and further details on the IPO.

Company Details:

  • J.G.Chemicals Limited are India’s largest zinc oxide manufacturer in terms of production and revenue for zinc oxide manufacturing through French process, which is the dominant production technology for producing zinc oxide and has been adopted by all the major producers in Americas, Europe and Asia (Source: CARE Report). The market share of Company is around 30% as on March 2022 (Source: CARE Report). They sell over 80 grades of zinc oxide and are among the top ten manufacturers of zinc oxides globally (Source: CARE Report). Since their incorporation in 2001, they have expanded their business and scale of operations and have grown into a large, diversified zinc oxide player with a global footprint. Their 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.
  • Owing to their legacy of over four decades in manufacturing businesses, they benefit from their experience in catering to a wide array of customers and they have built a long-standing relationship with customers across end-user industries in the tyres, ceramics, rubber, paints, cosmetics and batteries industry. Over the last three years, they marketed and sold their product to over 200 domestic customers and over 50 global customers in more than 10 countries.
  • In India, tyre industry accounts for 70% of rubber consumption (Source: CARE Report) and the companies in the tyre industry are the largest consumers of their product. Along with being suppliers to 9 out of top 10 global tyre manufacturers and to all of the top 11 tyre manufacturers in India, they also supply to leading paints manufacturers, footwear players and cosmetics players in India (Source: CARE Report). Their Material Subsidiary, BDJ Oxides is the only zinc oxide manufacturing facility in India to have an IATF certification, which is preferred by tyre manufacturers supplying to original equipment manufacturers (Source: CARE Report).
  • All their manufacturing facilities have been accredited with ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015. With an intention to supply to customers in the European Union, they have also obtained the REACH (Registration, Evaluation, Authorization and Restriction of Chemicals, Regulation (EC) No. 1907/2006) certification which allows them to supply their products to the European Union. Their recognition as a ‘Two Star Export House’ by the Director General of Foreign Trade, Ministry of Commerce & Industry valid, till March 31, 2028, signifies that their Company has excelled in international trade and has successfully contributed to country’s foreign trade (Source: Foreign Trade Policy, 2015-2020). In the year 2021, Apollo Tyres Limited awarded them with the Apollo Gold Partner Award- Quality Champion for their significant contribution towards business partnership. They are also a member of the All India Rubber Industries Association and the Merchant’s Chamber of Commerce & Industry since September 5, 2018. Further, their subsidiary, BDJ Oxides has obtained WHO GMP certificate for manufacture and supply of pharma grade zinc oxide at its Naidupeta Facility.

Issue Size: Rs. 251.19 crores

Issue Break-Up:

QIB – 75% of the offer – Rs 125.59 crores

NIB – 15% of the offer – Rs 37.68 crores

RET – 10% of the offer – Rs 87.92 crores

Listing: BSE and NSE

Registrar: KFin Technologies Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Thursday, March 07, 2024

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