J.G.Chemicals Ltd - IPO

J.G.Chemicals Ltd IPO Details

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 Rs. 86.19 crores^ by the selling shareholders (Offer for Sale) comprising 2,028,900^ equity shares aggregating to Rs. 44.84 crores^ by Vision Projects & Finvest Private Limited, 1,100^ equity shares aggregating to Rs. 0.02 crores^ by Jayanti Commercial Limited, 1,260,000^ equity shares aggregating to Rs. 27.85 crores^ by Suresh Kumar Jhunjhunwala (HUF), and 610,000^ equity shares aggregating to Rs. 13.48 crores^ by Anirudh Jhunjhunwala (HUF) (collectively, the Selling Shareholders and such equity shares, the Offered Shares). The offer shall constitute 29.01% of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each. the offer price is 22.10 times the face value of the equity shares. ^Subject to finalisation of basis of allotment

Objective of issue

Repayment or pre-payment in full or part of all or certain borrowings availed by the material subsidiary. Funding capital expenditure requirements for setting up of R&D Centre. Funding its long term working capital requirements. Funding long term working capital requirements of the company. General Corporate Purposes.

J.G.Chemicals Ltd Contact Details

J.G.Chemicals Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - corporate@jgchem.com

Website - www.jgchem.com