JG Chemicals IPO
Founded in 1975, JG Chemicals Limited is a prominent zinc oxide manufacturer utilizing the French process. The company boasts a diverse range of over 80 zinc oxide grades catering to various industrial applications.
Product Applications: JG Chemicals' zinc oxide finds applications in ceramics, paints, pharmaceuticals, cosmetics, electronics, batteries, agrochemicals, fertilizers, speciality chemicals, lubricants, oil and gas, and animal feed.
Manufacturing Facilities: The company operates three manufacturing facilities in Kolkata, West Bengal (Jangalpur and Belur), and Naidupeta in Andhra Pradesh. The Naidupeta facility, the largest among them, is owned and operated by the Material subsidiary. All facilities hold ISO 45001:2018, ISO 14001:2015, and ISO 9001:2015 certifications.
Global Presence: JG Chemicals has successfully served over 200 local customers and 50 international clients in more than 10 countries. Objectives of the IPO The company aims to utilize the Net Proceeds from the IPO for:
Repayment or pre-payment of specific borrowings.
Funding long-term working capital requirements.
General corporate purposes.
JG Chemicals IPO Details
IPO Dates: 5 to 7 March 2024
Price Band: ₹210 to ₹221 per share
Lot Size: 67 Shares
Total Issue Size: ₹251 Crores
Retail Quota: 35%
GMP: +10% (Provided for informational purposes only)
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