About Jesons Industries IPO
Jesons Industries IPO Details
Jesons Industries IPO is a 100% book-built issue, comprising a fresh issue of ₹300 crore and an offer for sale (OFS) of 94.60 lakh equity shares, with a face value of ₹5 per share. The company filed its DRHP with SEBI on January 9, 2025.
The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead manager of the issue is Motilal Oswal Investment Advisors Ltd., while the registrar to the offer is IIFL Capital Services Ltd.
Jesons Industries IPO Date & Timeline
Jesons Industries Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on January 9, 2025. However, the specific Jesons Industries IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalise the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
Jesons Industries IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
Jesons Industries IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 5 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Offer For Sale |
| Total Issue Size | Up to ₹ 300.00 Cr + 9,460,800 Equity Shares |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | Up to ₹ 300.00 Cr (aggregating up to ₹ 3,000.00 million) |
| Offer for Sale | Up to 94,60,800 Equity Shares |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | - |
| Share Holding Post Issue | - |
Jesons Industries IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Jesons Industries IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
Jesons Industries Ltd. has a long-standing history in the Indian chemical and adhesives space. The company was incorporated in October 1999 under the Companies Act, 1956, in Mumbai, Maharashtra. Over the past two decades, the company has evolved from a nascent chemical enterprise into a powerful manufacturer of advanced adhesives and coating materials.
The company's corporate and registered office is located in Lower Parel, Mumbai. This evolution highlights a strategic shift from general chemical processing to highly specialized adhesive manufacturing, positioning it to effectively serve the rapidly growing domestic packaging industry as well as global markets.
Operations & Product Range
Jesons Industries Ltd. specialises in formulating, manufacturing and supplying a wide range of chemical solutions, including coating materials and various adhesives. They cater to the domestic packaging industry, supplying products to reputable clients like Cosmos Twisters and Cellotape Industries Pvt. Ltd. Their operational model emphasises research, quality checks and custom formulations to meet the specific needs of industrial packaging and labelling applications.
Facilities & Capacity
Jesons Industries Ltd. uses cutting-edge manufacturing facilities, which help them manufacture large quantities of adhesive and coating materials. The most highlighted point about Jesons Industries is that they have set up a greenfield project in order to greatly increase their capacity. Through this, they will be able to cope with the increase in demand expected in the FMCG and general packaging sectors.
Brands & Market Presence
Jesons Industries Ltd. has established itself as a reliable B2B supplier in the Indian speciality chemicals sector. While it lacks a direct-to-consumer (D2C) brand, it enjoys a strong reputation among domestic manufacturers. The company has strengthened its position by forming strategic alliances with global entities like San Nopco Japan, DY Korea and Alberdingk Boley Germany. These partnerships allow the company to utilise international expertise, expand its market reach and innovate its product offerings, giving it an edge in the competitive chemical manufacturing landscape.
Revenue Streams & Business Model
The main source of income for Jesons Industries Ltd. is the sale of large quantities of adhesives and coatings in bulk form to industry consumers. The business model is built on the principle of maintaining stable and high volumes of orders from leading packaging firms. In FY24, the company earned revenues from its operations in the amount of ₹1,496.23 crore. The business model is built based on domestic demand and export potential, ensuring stability even in the face of fluctuations in the regional market.
Management & Shareholding
Jesons Industries Ltd.’s strategic vision is led by experienced promoters Dhiresh Shashikant Gosalia and Madhavi Dhiresh Gosalia, who possess deep industry knowledge. Before the IPO, the promoters held a 97.17% stake of the company, but after the IPO, the promoters' shareholding will be diluted due to a fresh issue and an OFS; they will maintain a substantial majority, ensuring leadership continuity and long-term strategy execution.
Board & Key Management
The leadership of Jesons Industries Ltd. is led by a team of experts with many years of experience. Dhiresh Shashikant Gosalia serves as the Chairman & Managing Director and gives strategic direction to the firm and the daily operations, along with Whole-Time Directors Madhavi Dhiresh Gosalia and Sadayapillai Kameswaran. To ensure good governance, the board includes Independent Directors Amitabh Verma, Deeti Ojha and Shriram Sharad Dandekar for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Jesons Industries IPO Financial Information
Latest Revenue
729.96
₹ Crore
Profit After Tax
31.12
₹ Crore
Net Worth
474.14
₹ Crore
Total Borrowing
168.94
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 880.16 | 729.96 | 31.12 | 474.14 | 445.83 | 168.94 | |||
| 31 Mar 2024 | 773.82 | 1,497.82 | 56.17 | 443.03 | 414.73 | 65.30 | |||
| 31 Mar 2023 | 695.59 | 1,725.90 | 48.18 | 387.07 | 359.06 | 71.80 | |||
| 31 Mar 2022 | 884.98 | 2,084.75 | 85.94 | 338.88 | 310.98 | 202.32 | |||
| Amount in ₹ Crore | |||||||||
Jesons Industries Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 13.63% |
| ROCE | 17.00% |
| Debt/Equity | 0.14x |
| RoNW | 13.63% |
| PAT Margin | 3.78% |
| EBITDA Margin | - |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.81 (basic/diluted) | - |
| P/E (x) | - | - |
Jesons Industries IPO Objectives
The company intended to utilise the Jesons Industries IPO proceeds for strategic purposes:
- • Funding the capital expenditure of the installation of new machine lines for solvent-based and flexible packaging adhesives at their greenfield project
- • Repayment/prepayment of debt (in full or in part)
- • General Corporate Purposes
Jesons Industries IPO Review
Jesons Industries Ltd. is a company with over two decades (20+ years) of solid experience in the specialty chemicals and adhesives space. Its decision to invest in a greenfield project speaks volumes about a management team that is confident in where the packaging industry is headed and is genuinely committed to growing with it.
Financially, the company is showing growing financials, as the revenue was reported at ₹1,496 crore in FY24, which reflects a well-established business. However, investors should keep a watchful eye on operating margins and raw material costs, as these can be unpredictable in chemical manufacturing. The company's global partnerships with players like San Nopco Japan and Alberdingk Boley Germany do provide a meaningful competitive edge over domestic peers.
Overall, the IPO represents an opportunity for investors to invest in a growing company that has steadily growing and profitable financials. Once the final price band is announced, investors should carefully compare the valuation against listed peers in the speciality chemicals sector before committing.
Conclusion
Jesons Industries IPO is an opportunity for investors to invest in a growing company that has steadily grown its footprint in the speciality adhesives market. By leveraging strong global partnerships and committing capital to new, advanced manufacturing lines, the company is well-aligned with the growth of the broader packaging industry. This issue is mainly focused on strategic capacity enhancement and debt reduction.
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Competitive Strengths
The creation of solid relations with other organisations, for example, San Nopco Japan and Alberdingk Boley Germany, in technological innovation.
A variety of specialized products, including hot melt, solvent-borne and flexible packaging adhesives.
A strong association with leading firms operating in the local packaging sector.
Consistent investments in greenfield facilities in manufacturing and business expansion.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | SEBI/Exchange approval received | 14/05/2025 | - |
| 2 | Filed with SEBI/Exchange | 14/01/2025 | View DRHP |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | — | ~₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | — | Up to ₹200,000 |
| S-HNI (Min) | 14-15 | — | Over ₹200,000 |
| S-HNI (Max) | 66-70 | — | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | — | Over ₹10,00,000 |