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 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.