JG Chemicals IPO vs Popular Vehicles & Services IPO

Comparision between JG Chemicals IPO and Popular Vehicles & Services IPO.

IPO Details

JG Chemicals IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Popular Vehicles & Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	JG Chemicals IPO	Popular Vehicles & Services 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	ICICI Securities Limited Nuvama Wealth Management Limited Centrum Capital Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
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 Popular Vehicles & Services IPO is up to ₹601.55 Cr. The final issue price of JG Chemicals IPO is ₹221.00 per share and of Popular Vehicles & Services IPO is ₹295.00 per share.

	JG Chemicals IPO	Popular Vehicles & Services IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹210.00 per share	₹280.00 per share
Issue Price (Upper)	₹221.00 per share	₹295.00 per share
Issue Price (Final)	₹221.00 per share	₹295.00 per share
Discount (Retail)
Discount (Employee)		₹28.00 per share
Market Lot Size	67 shares	50 shares
Fresh Issue Size	74,66,063 shares	84,78,130 shares
Fresh Issue Size (Amount)	up to ₹165.00 Cr	up to ₹250.00 Cr
OFS Issue Size	39,00,000 shares	1,19,17,075 shares
OFS Issue Size (Amount)	up to ₹86.19 Cr	up to ₹351.55 Cr
Issue Size Total	1,13,66,063 shares	2,03,95,205 shares
Issue Size Total (Amount)	up to ₹251.19 Cr	up to ₹601.55 Cr

IPO Timetable

JG Chemicals IPO opens on Mar 05, 2024, while Popular Vehicles & Services IPO opens on Mar 12, 2024. The closing date of JG Chemicals IPO and Popular Vehicles & Services IPO is Mar 07, 2024, and Mar 14, 2024, respectively.

	JG Chemicals IPO	Popular Vehicles & Services IPO
Anchor Bid Date	Mar 04, 2024	Mar 11, 2024
Issue Open	Mar 05, 2024	Mar 12, 2024
Issue Close	Mar 07, 2024	Mar 14, 2024
Basis Of Allotment (Tentative)	Mar 11, 2024	Mar 15, 2024
Initiation of Refunds (Tentative)	Mar 12, 2024	Mar 18, 2024
Credit of Share (Tentative)	Mar 12, 2024	Mar 18, 2024
Listing date (Tentative)	Mar 13, 2024	Mar 19, 2024
Anchor Lockin End date 1	Apr 10, 2024	Apr 14, 2024
Anchor Lockin End date 2	Jun 09, 2024	Jun 13, 2024

Financials

JG Chemicals IPO P/E ratio is 16.25, as compared to Popular Vehicles & Services IPO P/E ratio of 28.88.

JG Chemicals IPO

Popular Vehicles & Services 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

Popular Vehicles & Services Limited Financial Information (Restated Consolidated)

Popular Vehicles & Services Limited's revenue increased by 40.42% and profit after tax (PAT) rose by 90.31% 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	1,941.78	1,503.78	1,263.29	1,118.94
Revenue	2,848.21	4,892.63	3,484.20	2,919.25
Profit After Tax	40.04	64.07	33.67	32.46
Net Worth	384.21	343.04	279.89	246.00
Reserves and Surplus	371.67	330.50	267.34	233.46
Total Borrowing	764.61	505.01	371.91	353.04
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

69.45%

Promoter Shareholding (Post-Issue)

61.17%

P/E Ratio

16.25

28.88

Market Cap

₹866.01 Cr.

₹2100.28 Cr.

ROE

8.20%%

10.42%%

ROCE

11.86 %%

8.83%%

Debt/Equity

0.11

1.99

EPS

₹13.60

₹10.22

RoNW

8.16%%

10.42%%

Shares Offered

In the JG Chemicals IPO retail investors (RII) are offered 39,78,122 shares while in Popular Vehicles & Services IPO retail investors are offered 39,78,122 shares. Qualified institutional buyers (QIB) are offered 22,73,214 shares in JG Chemicals IPO and 40,71,551 shares in Popular Vehicles & Services IPO.

	JG Chemicals IPO	Popular Vehicles & Services IPO
Anchor Investor Reserveration	34,09,818 shares	61,07,325 shares
Market Maker Reserveration
QIB	22,73,214 shares	40,71,551 shares
NII	17,04,910 shares	30,53,663 shares
RII	39,78,122 shares	71,25,213 shares
Employee	0 shares	37,453 shares
Others
Total	79,56,246 shares	1,42,87,880 shares

Bids Received (Subscription)

JG Chemicals IPO subscribed 28.52x in total, whereas Popular Vehicles & Services IPO subscribed 1.25x.

	JG Chemicals IPO	Popular Vehicles & Services IPO
QIB (times)	32.33x	1.92x
NII (times)	47.92x	0.67x
Big NII (times)	50.26x	0.67x
Small NII (times)	43.24x	0.68x
RII (times)	18.03x	1.07x
Employee (times)		8.04x
Other (times)
Total (times)	28.52x	1.25x

Compare with others

JG Chemicals IPO	Popular Vehicles & Services IPO
Bharti Hexacom IPO	Indegene IPO
SRM Contractors IPO	JNK India IPO
Popular Vehicles & Services IPO	VI FPO
Gopal Namkeen IPO	Bharti Hexacom IPO
Krystal Integrated Services IPO	SRM Contractors IPO
Bharat Highways InvIT	Gopal Namkeen IPO
GPT Healthcare IPO	Krystal Integrated Services IPO
Juniper Hotels IPO	JG Chemicals IPO
Vibhor Steel Tubes IPO	Bharat Highways InvIT
Entero Healthcare Solutions IPO	GPT Healthcare IPO

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