JG Chemicals IPO vs Vibhor Steel Tubes IPO

Comparision between JG Chemicals IPO and Vibhor Steel Tubes IPO.

IPO Details

JG Chemicals IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vibhor Steel Tubes IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	JG Chemicals IPO	Vibhor Steel Tubes IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Centrum Capital Limited Emkay Global Financial Services Ltd Keynote Financial Services Ltd	Khambatta Securities Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of JG Chemicals IPO is up to ₹251.19 Cr whereas the issue size of the Vibhor Steel Tubes IPO is up to ₹72.17 Cr. The final issue price of JG Chemicals IPO is ₹221.00 per share and of Vibhor Steel Tubes IPO is ₹151.00 per share.

	JG Chemicals IPO	Vibhor Steel Tubes IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹210.00 per share	₹141.00 per share
Issue Price (Upper)	₹221.00 per share	₹151.00 per share
Issue Price (Final)	₹221.00 per share	₹151.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	67 shares	99 shares
Fresh Issue Size	74,66,063 shares	47,79,444 shares
Fresh Issue Size (Amount)	up to ₹165.00 Cr	up to ₹72.17 Cr
OFS Issue Size	39,00,000 shares
OFS Issue Size (Amount)	up to ₹86.19 Cr
Issue Size Total	1,13,66,063 shares	47,79,444 shares
Issue Size Total (Amount)	up to ₹251.19 Cr	up to ₹72.17 Cr

IPO Timetable

JG Chemicals IPO opens on Mar 05, 2024, while Vibhor Steel Tubes IPO opens on Feb 13, 2024. The closing date of JG Chemicals IPO and Vibhor Steel Tubes IPO is Mar 07, 2024, and Feb 15, 2024, respectively.

	JG Chemicals IPO	Vibhor Steel Tubes IPO
Anchor Bid Date	Mar 04, 2024	Feb 12, 2024
Issue Open	Mar 05, 2024	Feb 13, 2024
Issue Close	Mar 07, 2024	Feb 15, 2024
Basis Of Allotment (Tentative)	Mar 11, 2024	Feb 16, 2024
Initiation of Refunds (Tentative)	Mar 12, 2024	Feb 19, 2024
Credit of Share (Tentative)	Mar 12, 2024	Feb 19, 2024
Listing date (Tentative)	Mar 13, 2024	Feb 20, 2024
Anchor Lockin End date 1	Apr 10, 2024	Mar 17, 2024
Anchor Lockin End date 2	Jun 09, 2024	May 16, 2024

Financials

JG Chemicals IPO P/E ratio is 16.25, as compared to Vibhor Steel Tubes IPO P/E ratio of 10.17.

JG Chemicals IPO

Vibhor Steel Tubes IPO

Financial

JG Chemicals Limited Financial Information (Restated Consolidated)

JG Chemicals Limited's revenue increased by 27.47% and profit after tax (PAT) rose by 31.69% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	271.26	297.79	264.14	209.94
Revenue	491.10	794.19	623.05	440.41
Profit After Tax	18.51	56.79	43.13	28.80
Net Worth	217.86	199.89	147.66	108.48
Reserves and Surplus	193.22	175.67	151.23	107.17
Amount in ₹ Crore

Vibhor Steel Tubes Limited Financial Information (Restated Consolidated)

Vibhor Steel Tubes Limited's revenue increased by 36.15% and profit after tax (PAT) rose by 85.91% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	376.48	293.63	248.54	172.93
Revenue	531.24	1,114.38	818.48	511.51
Profit After Tax	8.52	21.07	11.33	0.69
Net Worth	101.76	93.20	71.97	60.49
Total Borrowing	160.27	126.83	106.07	58.74
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

98.24%

Promoter Shareholding (Post-Issue)

P/E Ratio

16.25

10.17

Market Cap

₹866.01 Cr.

₹286.33 Cr.

ROE

8.20%%

25.51%%

ROCE

11.86 %%

16.48%%

Debt/Equity

0.11

1.63

EPS

₹13.60

₹14.85

RoNW

8.16%%

22.60%%

Shares Offered

In the JG Chemicals IPO retail investors (RII) are offered 39,78,122 shares while in Vibhor Steel Tubes IPO retail investors are offered 39,78,122 shares. Qualified institutional buyers (QIB) are offered 22,73,214 shares in JG Chemicals IPO and 9,50,064 shares in Vibhor Steel Tubes IPO.

	JG Chemicals IPO	Vibhor Steel Tubes IPO
Anchor Investor Reserveration	34,09,818 shares	14,24,907 shares
Market Maker Reserveration
QIB	22,73,214 shares	9,50,064 shares
NII	17,04,910 shares	7,12,491 shares
RII	39,78,122 shares	16,62,479 shares
Employee	0 shares	29,502 shares
Others
Total	79,56,246 shares	33,54,537 shares

Bids Received (Subscription)

JG Chemicals IPO subscribed 28.52x in total, whereas Vibhor Steel Tubes IPO subscribed 320.05x.

	JG Chemicals IPO	Vibhor Steel Tubes IPO
QIB (times)	32.33x	191.41x
NII (times)	47.92x	772.49x
Big NII (times)	50.26x	754.37x
Small NII (times)	43.24x	808.72x
RII (times)	18.03x	201.52x
Employee (times)		215.79x
Other (times)
Total (times)	28.52x	320.05x

Compare with others

JG Chemicals IPO	Vibhor Steel Tubes IPO
Bharti Hexacom IPO	Krystal Integrated Services IPO
SRM Contractors IPO	JG Chemicals IPO
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Krystal Integrated Services IPO	Juniper Hotels IPO
Bharat Highways InvIT	Entero Healthcare Solutions IPO
GPT Healthcare IPO	Exicom Tele-Systems IPO
Juniper Hotels IPO	Capital SFB IPO
Vibhor Steel Tubes IPO	Jana SFB IPO
Entero Healthcare Solutions IPO	Platinum Industries IPO

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