JG Chemicals IPO vs SRM Contractors IPO

Comparision between JG Chemicals IPO and SRM Contractors IPO.

IPO Details

JG Chemicals IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SRM Contractors IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	JG Chemicals IPO	SRM Contractors 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	Interactive Financial Services Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt 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 SRM Contractors IPO is up to ₹130.20 Cr. The final issue price of JG Chemicals IPO is ₹221.00 per share and of SRM Contractors IPO is ₹210.00 per share.

	JG Chemicals IPO	SRM Contractors IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹210.00 per share	₹200.00 per share
Issue Price (Upper)	₹221.00 per share	₹210.00 per share
Issue Price (Final)	₹221.00 per share	₹210.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	67 shares	70 shares
Fresh Issue Size	74,66,063 shares	62,00,000 shares
Fresh Issue Size (Amount)	up to ₹165.00 Cr	up to ₹130.20 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	62,00,000 shares
Issue Size Total (Amount)	up to ₹251.19 Cr	up to ₹130.20 Cr

IPO Timetable

JG Chemicals IPO opens on Mar 05, 2024, while SRM Contractors IPO opens on Mar 26, 2024. The closing date of JG Chemicals IPO and SRM Contractors IPO is Mar 07, 2024, and Mar 28, 2024, respectively.

	JG Chemicals IPO	SRM Contractors IPO
Anchor Bid Date	Mar 04, 2024	Mar 22, 2024
Issue Open	Mar 05, 2024	Mar 26, 2024
Issue Close	Mar 07, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Mar 11, 2024	Apr 01, 2024
Initiation of Refunds (Tentative)	Mar 12, 2024	Apr 02, 2024
Credit of Share (Tentative)	Mar 12, 2024	Apr 02, 2024
Listing date (Tentative)	Mar 13, 2024	Apr 03, 2024
Anchor Lockin End date 1	Apr 10, 2024	May 01, 2024
Anchor Lockin End date 2	Jun 09, 2024	Jun 30, 2024

Financials

JG Chemicals IPO P/E ratio is 16.25, as compared to SRM Contractors IPO P/E ratio of 18.76.

JG Chemicals IPO

SRM Contractors 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

SRM Contractors Limited Financial Information (Restated Consolidated)

SRM Contractors Limited's revenue increased by 13.24% and profit after tax (PAT) rose by 6.71% 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	168.87	137.36	120.22	112.47
Revenue	242.28	300.65	265.51	161.95
Profit After Tax	21.07	18.75	17.57	8.27
Net Worth	37.24	63.16	44.41	26.85
Reserves and Surplus	67.48	46.41	42.89	25.32
Total Borrowing	42.32	47.16	31.52	31.96
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

99.92%

Promoter Shareholding (Post-Issue)

72.92%

P/E Ratio

16.25

18.76

Market Cap

₹866.01 Cr.

₹481.83 Cr.

ROE

8.20%%

ROCE

11.86 %%

29.43%%

Debt/Equity

0.11

0.5

EPS

₹13.60

₹11.20

RoNW

8.16%%

25.02%%

Shares Offered

In the JG Chemicals IPO retail investors (RII) are offered 39,78,122 shares while in SRM Contractors IPO retail investors are offered 39,78,122 shares. Qualified institutional buyers (QIB) are offered 22,73,214 shares in JG Chemicals IPO and 12,40,100 shares in SRM Contractors IPO.

	JG Chemicals IPO	SRM Contractors IPO
Anchor Investor Reserveration	34,09,818 shares	18,59,900 shares
Market Maker Reserveration
QIB	22,73,214 shares	12,40,100 shares
NII	17,04,910 shares	9,30,000 shares
RII	39,78,122 shares	21,70,000 shares
Employee	0 shares	0 shares
Others
Total	79,56,246 shares	43,40,100 shares

Bids Received (Subscription)

JG Chemicals IPO subscribed 28.52x in total, whereas SRM Contractors IPO subscribed 86.57x.

	JG Chemicals IPO	SRM Contractors IPO
QIB (times)	32.33x	59.59x
NII (times)	47.92x	214.94x
Big NII (times)	50.26x	220.57x
Small NII (times)	43.24x	203.67x
RII (times)	18.03x	46.97x
Employee (times)
Other (times)
Total (times)	28.52x	86.57x

Compare with others

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

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