JG Chemicals Ltd.
Industry:
Chemicals
Issue Details
Open Date
05 Mar 2024Close Date
07 Mar 2024Size (in Crs.)
251.19
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-11Lot Size
67
Type
Book building
Face Value
10
Market Lot
1
Objective of the Issue
1. Investment in our Material Subsidiary, viz. BDJ Oxides (i) repayment or pre-payment, in full or in part, of all or certain borrowings availed by our Material Subsidiary(ii) funding capital expenditure requirements for setting up of a research and development centre situated in Naidupeta (“R&D Centre”) (iii) funding its long-term working capital requirements2. Funding long-term working capital requirements of our Company3. General corporate purposes.
Description
We are India’s largest zinc oxide manufacturer in terms of production and revenue for zinc oxide manufacturingthrough French process, which is the dominant production technology for producing zinc oxide and has beenadopted by all the major producers in Americas, Europe and Asia (Source: CARE Report). The market share ofour Company is around 30% as on March 2022 (Source: CARE Report). We sell over 80 grades of zinc oxide andare among the top ten manufacturers of zinc oxides globally (Source: CARE Report). Since... Show More
Address
Adventz Infinity @ 5, 15th Floor, Unit 1511, Street No. 18 , Plot 5, Block - B N, Sector - V, Salt Lake Electronics Complex , Bidhan Nagar Ck Market North 24, Saltlake
Kolkata
700091
Promoter Holding
Promoters:
Anirudh Jhunjhunwala, Anuj Jhunjhunwala, Suresh Jhunjhunwala
Total Share Capital
31720000
Offered to Public
11366063
% Promoter's Holding (Pre-Issue)
100
% Promoter's Holding (Post-Issue)
70.99
Shares on offer
Total Share Offer
31720000
Of above offred to public
11366063
Post Issue shares
NA
Post Issue Promoters
70.99
Lead Managers to the Issue:
Centrum Capital Ltd, Emkay Global Financial Services Ltd, Keynote Financial Services Ltd.
Registrar Details
Registrar Name:
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Address
Karvy Selenium Tower B, Plot 31-32 , Gachibowli,Financial District , Nanakramguda , Hyderabad
500032