IPO Details

Bidding Dates

05 Mar '24 - 07 Mar '24

Minimum Investment

₹14,807 / 1 Lot ( 67 Shares )

Price Range

₹210 - ₹221

Maximum Investment

₹192,491 / 13 Lots ( 871 Shares )

Retail Discount

Not Applicable

Issue Size

₹251.19 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 5, 2024

Closing Date

Mar 7, 2024

Basis of Allotment

Mar 11, 2024

Initiation of Refunds

Mar 12, 2024

Credit of Shares to Demat

Mar 12, 2024

Listing Date

Mar 13, 2024

Cut-off time for UPI mandate confirmation

Mar 7, 2024

IPO Subscription Details


Day 1Mar 5, 2024

0.02x 3.03x 3.85x 2.58x

Day 2Mar 6, 2024

0.12x 7.48x 7.57x 5.42x

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutional Buyers 0.12x
Non-Institutional Buyers 7.48x
Retail Investors 7.57x
Total 5.42x

About J.G.Chemicals Ltd. IPO

J.G Chemicals is the largest Indian zinc oxide manufacturer regarding production and revenue. In FY 2022, the company had a 30% market size by selling over 80 grades of zinc oxide.

The company manufactures zinc oxide following the globally accepted French process and sells its products to over 10 countries. J.G Chemicals ranks among the top 10 global zinc oxide producers. In the last three years, it has sold its products to 200+ domestic and 50+ global customers.

Zinc oxide is a critical component in type manufacturing, and J.G Chemicals supplies to 9 out of the top 10 global tyre manufacturers and 11 top Indian tyre manufacturers. Besides, zinc oxide is also used in pharmaceuticals, chemicals, and agricultural sectors.

BDJ Oxides, which is a material subsidiary of J.G Chemicals, is the only zinc oxide manufacturer in India to have IATF certification preferred by tyre companies. J.G Chemicals Ltd. has 3 manufacturing facilities with a total installed capacity of 77,040 MTPA.

J G Chemicals Ltd. IPO Details

J G Chemicals Ltd. IPO Dates

J G Chemicals IPO will be opened on March 5, 2024 and closed on March 7, 2024. The IPO will be listed on BSE and NSE.

J G Chemicals Ltd. IPO Price Band

J G Chemicals is a book-built IPO of up to 11,366,063 equity shares. The price of the IPO is ₹210-₹221 per equity share.

J G Chemicals Ltd. IPO Lot Size

The J G Chemicals Ltd IPO lot size is 67 shares.

J G Chemicals Ltd. IPO Objectives

The IPO is purely an offer for sale meant to give the existing shareholders an exit.

Peer Details

The following is a listed peer company of J G Chemicals in India:

  1. Rajratan Global Wire Limited
  2. NOCIL Limited
  3. Yasho Industries Limited

How To Check the Allotment Status of the J G Chemicals Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of J G Chemicals Ltd

Registered office: 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

E-mail: corporate@jgchem.com

IPO Financials

Particulars 9M period ended December 31, 2023 Year Ending on March 31, 2023 Year Ending on March 31, 2022 Year Ending on March 31, 2021
Total Income 4,910.99 7,941.88 6,230.47 4,404.05
Profit After Tax (PAT) 185.10 567.93 431.26 287.99
Return on Capital Employed 11.86 % 29.38% 25.83% 25.27%
Debt to Equity Ratio 0.11 0.34 0.62 0.69
Return on Equity 8.20% 30.50% 30.64% 24.23%

Know before investing


  1. A well-diversified customer base and customer-focused marketing strategy have helped the company become one of the top global players.

  2. Zinc oxide is a critical raw material for several industries, including tyre manufacturing, pharmaceuticals, chemicals, and agriculture.

  3. A high entry barrier allows the existing players larger shares of the market.


  1. A significant part of the revenue comes from selected customers.

  2. The company depends primarily on the performance of the rubber industry to earn revenue.

  3. The company doesn’t enter into long-term agreements with its suppliers. Hence, its production depends on the availability of raw materials.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

J G Chemicals IPO FAQs

What is J.G.Chemicals Ltd. IPO?

J G Chemicals’ IPO is a book-built IPO. The price of the IPO is ₹210-₹221 per equity share. The IPO will be opened on March 5, 2024.

When will J G Chemicals Ltd's IPO be allotted?

The Basis of Allotment will happen on Tuesday, March 11, 2024.

What will be the J.G.Chemicals Ltd.When will J G Chemicals Ltd's IPO open for subscription? IPO lot size?

The IPO subscription window will open on Wednesday, March 5, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 67 shares.

When will J.G.Chemicals Ltd. list on exchanges?

J G Chemicals Ltd IPO will be listed on the NSE and BSE on Thursday, March 13, 2024.

What would be the listing gains on the J.G.Chemicals Ltd. IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for J.G.Chemicals Ltd. IPO, but the funds are not yet debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for J G Chemicals Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of J.G.Chemicals Ltd. using one PAN?

You can submit only one application using your PAN card.

What is the minimum order quantity for J.G.Chemicals Ltd. IPO?

Will be updated soon.