Jesons Industries IPO details
Jesons Industries one of the top industries for coatings for paint and water-based for tap and labels has refiled its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds via IPO.
An IPO is a mixture of fresh issues valued at ₹300 crores and an offer for sale of 9.46 million equity shares by Dhiresh Shashikant Gosalia With the face value of Rs 5 per share as well as it has a reservation of eligible employees, they are also given a discount when placing a bid under the employee reservation category.
If private placement occurs, then ₹60 crore by issuing more equity shares, and the fresh issue size would be reduced.
In this IPO, 50% of the offer is for qualified institutional buyers, 15% for non-institutional investors, and 35% is reserved for retail individual bidders.
Jesons Industries IPO promoter’s name
Dhiresh Shashikant Gosalia is the only promoter in this process who sells shares through OFS.
Jesons Industries lead managers and registrars
Motilal Oswal Investment Advisors Limited, and IIFL Capital Services Limited are the lead managers of this IPO, while MUFG Intime will be the registrar. The shares of the company are going on the NSE and BSE stock exchanges.
IPO proceeds utilization:
- IPO money will be used for the company’s major work such as ₹165 crore would be utilized for borrowing repayment, whether it would be partly or fully.
- ₹77.90 crores will be used to fund capital expenses by investing in jesons Innovative Polymers Private Limited, which is a fully owned subsidiary.
- This will go towards setting up new machine lines for a project focused on solvent-based adhesives, flexible packaging adhesives, and other general corporate needs.
About us of jesons industries
Jesons Industries serves a variety of industries, such as paints, packaging, furniture, construction, tiles, textiles, leather, carpet, and paper chemicals.
This firm has 800 people on a team, so that, it is easy to achieve goals regarding company profit. They focus on integrity, transparency, and accountability while encouraging innovation and an entrepreneurial mindset in everything handled by them.
In the past three years and the first half of 2024, the company launched 42 new products in areas such as woodworking, RDP, and construction chemicals. Out of these, 26 products were launched in Fiscal 2024 and the first half of Fiscal 2025.
Jesons’s operations revenue is Rs 1,496.23 crore and the net profit ratio is increased by Rs 56.59 crore, compared to Rs 49.04 crore in the financial year 2023. While six months ending revenue of Rs Rs 727.91 crore and net profit tax is Rs 31.18 crore respectively.
Jesons Industries IPO Prospectus:
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | To be Updated Soon |
Jesons Industries Company Financial Report
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax |
2022 | ₹2,084.75 | ₹1,966.74 | ₹85.94 |
2023 | ₹1,7,25.90 | ₹1,6,63.70 | ₹48.18 |
2024 | ₹1,725.90 | ₹1,4,23.00 | ₹56.17 |
Sept 2024 | ₹729.96 | ₹688.34 | ₹31.12 |
Jesons Industries IPO Valuation – FY2024
Jesons Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹10.50 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 13.63% |
Net Asset Value (NAV): | ₹82.64 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Jesons Industries Limited | 10.50 | NA | 13.63 | 82.64 | 1,497.82 Cr. |
HP Adhesives Limited | 2.24 | 36.32 | 12.97 | 18.38 | 239.28 Cr. |
Apcotex Industries Limited | 10.39 | 36.12 | 10.80 | 100.64 | 1,132.27 Cr. |
Nikhil Adhesives Limited | 2.88 | 41.30 | 12.29 | 24.81 | 564.54 Cr. |
BASF India Limited | 130.10 | 42.87 | 19.01 | 744.72 | 13,843.26 Cr. |
Objects of the Issue
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company and/ or our Subsidiaries;
- Funding of capital expenditure through investment in our wholly owned subsidiary, Jesons Innovative Polymers Private Limited, for setting up of machine lines for the new adhesives project – solvent based adhesives and flexible packaging adhesives; and
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- IIFL Capital Services Limited