Jesons Industries IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 30, 2023Here’s what you need to know about the upcoming IPO of Jesons Industries. We have covered all the topics of importance related to Jesons Industries IPO in this article.
Here you will get an overview of the company, its emergence, the important dates of the IPO, its Price, Size & Share Offerings, its subscription status, allotment status and other specifications related to the IPO.
This Jesons Industries IPO Review will be your assistance in determining the prosperity of the IPO.
| Face Value | Rs 5 |
| Price Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.120 Crore |
| IPO Size | Not Disclosed |
| Tick Size | 1 |
Jesons Industries IPO Overview
The leading entity of the Indian Paint Sector, Jesons Industries is launching its IPO, The Jesons Industries IPO will be a combination of a fresh issue and an Offer for Sale.
The company will be raising funds in aggregate of Rs. 900 crore.
The purpose of raising funds is to make repayment for the debts availed by the company and its subsidiary and for other general corporate purposes.
Jesons Industries IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
The preliminary papers in respect of the Jesons Industries IPO have been filed in November 2021. Right now, the entity is eyeing on the approval from SEBI.
After the DRHP is approved, the company will proceed towards determining the minimum lot and price band and will file the Red Herring Prospectus with the regulatory authorities.
Jesons Industries Limited IPO Dates will be made available shortly. It has been operation for over two decades.
Jesons Industries IPO Price, Size, Share Offerings
| Face Value | Rs.5 |
| Price Band | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.120 Crore |
| IPO Size | Not Disclosed |
Jesons Industries Limited is planning to raise Rs. 800 – 900 crore from the IPO.
The IPO will comprise of a fresh issue of equity shares worth Rs. 120 crore and an Offer for Sale of 1,21,57,000 Equity Shares by the promoter selling shareholder. The face value of the offered shares is Rs. 5 each.
Jesons Industries Limited IPO Price and Jesons Industries Limited IPO Size will be declared after the opening of IPO for accepting the bids from the public.
Jesons Industries IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Trading in Grey Market yet | |||
The Grey Market Premium of the Jesons Industries Limited IPO is not available. The IPO date has not been declared till now, which is why there is no information about Jesons Industries Limited IPO GMP.
Grey Market is an unofficial trading sphere where the shares of the entity whose IPO is about to be launched are traded without any valid written contract, but with a small slip of paper which acts as a contract between the buyer and seller.
Grey Market Premium is the premium amount base on which investors assume the listing price of shares.
Jesons Industries IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
There are two way by which the investors can invest in the Jesons Limited IPO, one is the ASBA process and the other is UPI method which is only available for the Retail investors.
Jesons Industries Limited IPO Subscription will take place according to the following reservations:
- Not more than 50% of the offer will be allocated to QIBs
- Not less than 15% of the offer will be allocated to Non-Institutional Bidders
- Also, not less than 35% of the offer will be allocated to Retail Individual Bidders
The Lead Managers of the issue are:
- JM Financial Ltd
- Axis Capital Ltd.
The details in respect of the price band and subscription will be made available in a short time.
Jesons Industries IPO Allotment Status
The basis of Jesons Industries Limited IPO Allotment is yet to be determined. The determination process will be undertaken by the issuer company in consultation with the Lead Managers of the issue.
The allotment will be based on the demand received by the company for the offered shares. For this IPO, Link Intime India Private Limited is acting as the registrar.
Jesons Industries IPO Live Performance
Jesons Industries Limited IPO Performance will be available from the given below link once the IPO will be live for the bidders. Investors will get information regarding Jesons Industries Limited IPO Price at just one click.
Subscribe to Jesons Industries IPO – Open Free Demat Account Now!
Jesons Industries – Company Review
Jesons Industries Limited embarked its journey in the year 1999 as a public company and is entrusted deeply by its valued customers ever since.
The company manages a wide array of operations and includes about 170 products in its product basket. Widening its operations and scale, it also is in the business of manufacturing facilities.
It possess 6 manufacturing facilities namely located in Roorkee, Gummidipoondi – Chennai Metropolitan Region, Mundra, Vapi and two facility units in Daman from where the company caters domestic and external market requirements.
Jesons Industries is undoubtedly a known entity in the manufacturing of specialty coating emulsions and pressure-sensitive adhesives and is diversifying continuously.
Products or Services
Jesons Industries Limited manufactures Specialty Coating Emulsions (SCE) and Water-based Pressure Sensitive Adhesives (PSA) and comprises of a broad and wide range of products.
With its seamless and prompt operations, it serves various industries including paints, packaging, construction chemicals, textiles, leather and paper.
This innovation driven entity emphasizes on offering value added high quality products and is truly dedicated to provide goods which are curated as per the customized needs of its customers.
Under one roof of Jesons Industries Limited, the entity cherishes brands like Bondacrylic, Rdymix, Coviguard, Bondex, Blue Glue, INDTAPE and Polytex.
Promoters and Holding
The Promoter of Jesons Industries Limited is Dhiresh Shashikant Gosalia who holds the majority of stakes in the company and is offering 1,21,57,000 equity shares out of his 86.53 % pre-offer equity holding in the company.
The management of the company constitutes:
- Dhiresh Shashikant Gosalia holds the position of Chairman and Managing Director
- Madhavi Dhiresh Gosalia holds the position of Executive Director
- Raju Vinod Palvia holds the position of Whole-time Director
- Deepak Ladha holds the position of Chief Financial Officer
- Kushal Vasantbhai Gala holds the position of Company Secretary and Compliance Officer
Is Jesons Industries good for Investment?
The Mumbai-based Jesons Industries Limited is a leading manufacturer and exporter of specialty coating emulsions and water based pressure sensitive adhesives for tape and label segments.
For its hard endeavors, the Indian Chemical Council (ICC) has recognized it with Responsible Care certification.
They have successfully attained a distinct position in the industry and in the international market. They extend their operations in over 55 countries.
Jesons Industries Financial Statements
| Amount (in INR & Million) | ||||
| 30-Jun-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Assets | 7,032.85 | 7,018.48 | 3,690.13 | 3,259.73 |
| Revenue | 4,438.07 | 10,965.49 | 9,087.40 | 9,237.32 |
| Expense | 3,704.13 | 9,704.50 | 8,699.73 | 8,863.50 |
| Profit After Tax | 542.71 | 928.81 | 296.47 | 247.51 |
Jesons Industries Limited is performing exceeding well in its profits as well. The company recorded total revenue for the financial year 2021 at Rs. 1,085.71 crore and booked a profit of Rs. 92.9 crore.
Also, just in the first quarter ending on 30 June, 2021 the total revenue of the enterprise stands at Rs. 438.43 crore with a profit of Rs. 54.3 crore.
The EPS of Jesons Industries Limited of 2021 was Rs. 17.55 surpassing its past EPS values. An enhanced increment can also be witnessed in the total assets of the company.
| Earnings per Equity Share (in Million) | ||||
| 30-Jun-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 607.62 | 1,053.00 | 330.70 | 277.01 |
Jesons Industries IPO Review
Jesons Industries Limited IPO is a combination of a fresh issue of Rs 120 crore and an Offer for Sale of 12,157,000 equity shares by its promoter Dhiresh Shashikant Gosalia.
In the upcoming IPO, about 77,000 equity shares will be reserved for the employees of the company from the fresh issue.
The key advantage for the organization is its diversified product range. It caters various sectors and industries and is one of the largest suppliers.
Its customer base is also expanding spanning across international borders. The innovation-based company is delivering some unmatched products and quality and can underpin its growth to some exceptional heights.
Its enlarging manufacturing facilities provides it the flexibility to cater not only domestic, but export demands as well.
Jesons Industries IPO Details
Here are few more details you need to know before investing in Jesons Industries IPO –
Jesons Industries IPO Issue Object
Jesons Industries has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Repayment/ prepayment, in full or part, of certain borrowings availed of by our Company and our Subsidiary, Jesons Techno Polymers LLP; and
- General corporate purposes
Jesons Industries IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Diversified product portfolio and customised customer solutions catering to certain large and growing markets;
- One of the leading players in SCEs and PSAs with diversified geographical presence spanning key regions;
- Strategically located production facilities with fungible capabilities, efficient supply chain management and export capabilities;
- Diversified customer base with long term relationships with marquee customers both domestically as well as globally;
- Innovation and R&D led product offering; and
- Professional and experienced Promoter and board of directors.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 17.55 | 35.80 | 49.03 |
| 31-Mar-20 | 5.51 | 17.49 | – |
| Mar-19 | 4.62 | 17.34 | – |
Jesons Industries IPO Lead Managers
Here are the list of Lead managers –
- JM Financial Limited
- Axis Capital Limited
Jesons Industries IPO Registrar to offer
Check out the details of registrar here –
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra, India
Telephone: +91 22 4918 6200
E-mail: jesons.ipo@linkintime.co.in
Investor grievance E-mail: jesons.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Jesons Industries IPO – Other Details
- Statutory Auditor – M S K A & Associates
- Legal Counsel to the Company – Trilegal
- Bankers to the Company – Axis Bank Limited, HDFC Bank Limited, IDFC FIRST Bank Limited, DBS Bank India Limited, ICICI Bank Limited, RBL Bank Limited
Jesons Industries IPO – Conclusion
The extensive diversified product portfolio opens wider modes of revenue for the company. The company is preferred by many and is catering huge demands.
With moderate risk of the industry and other environmental circumstances, the investment in Jesons Industries Limited IPO can be considered. The company is delivery progressive profits and an impressive EPS.
To Subscribe to Jesons Industries IPO – Open Demat Account Now!
Jesons Industries IPO Review FAQs
Check out the FAQs on Jesons Industries IPO –
What is the Issue Size of Jesons Industries IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Jesons Industries IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the Jesons Industries IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Jesons Industries IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Jesons Industries IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Jesons Industries IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Jesons Industries IPO?
Here are the promoters of this IPO – DHIRESH SHASHIKANT GOSALIA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Jesons Industries IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Jesons Industries IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Jesons Industries Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 928.81, 2020 is 296.47, 2019 is 247.51. PAT from June 2021 is 542.71.
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