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Jesons Industries IPO
Jesons Industries Ltd. submitted their DRHP, valued at between Rs. 800 and 900 crores, to SEBI. A fresh issuance of around Rs. 120 crores and an offer to sell up to 12,157,000 equity shares are included in this transaction. According to the DRHP, these shares are being sold by promoter Dhiresh Shashikanth Gosalia, who owns 86.53 per cent of the company's equity share capital. Up to 24 crores of rupees worth of shares might be privately placed, according to the corporation. In the case that this occurs, the amount will be deducted from the value of the new issuance. JM Financial Ltd. and Axis Capital Ltd. are the book-running lead managers for the issuance. Currently, 13.37 per cent of Jesons Industries Ltd. is owned by Madhavi Dhiresh Gosalia, Ravina Gaurav Shah, Jhelum Dhiresh Gosalia, Usha Shashikanth Gosalia, Madhuri Madhusadan Mehta, and Parul Rajesh Mody.
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Listing at NSE, BSE
Jesons Industries Limited IPO Important Dates
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
About Jesons Industries Limited
The top producer of speciality coating emulsions and water-based pressure-sensitive adhesives for the tape and label industries in the nation is Jesons Industries Ltd. As of FY21, the firm has a 30% market share in terms of sales value in India's paint industry, making it the country's top SEC supplier. The company's goods are utilised in a number of different sectors, including paint, packaging, chemicals for leather, textiles, carpets, and paper. As of June 20, 2021, Jesons Industries' product portfolio included 170 items sold under the brand names Bondex, Rdymix, Coviguard, Blue Glue, INDTAPE, and Polytex. There are 27 highly qualified and competent scientists in their R&D team. As of June 30, 2021, specialty items made up 111 of the 170 different types of products created, or 65.29 percent of the whole product line. Since the firm began exporting in 2008, it has done so to more than 50 different nations worldwide. The first quarter of 2021, which concluded on June 30, had 36.62 percent of income from exports.
Six manufacturing sites are owned and operated by Jensons Industries, including two in Daman, one each in Roorkee, the Chennai Metropolitan Region, Mundra, and Vapi.
Many well-known companies in the nation, including Berger Paints, Indigo Paints, Kamdhenu Paints, JSW Paints, Nippon Paints, Shalimar Paints, and a few significant companies in the international market, get their SCE goods.
Jesons Industries Limited IPO Objectives
• Set out in our Memorandum of Association enable us to undertake our existing business activities.
• Repayment/ prepayment, in full or part, of certain borrowings availed of by the Company and its Subsidiary, Jesons Techno Polymers LLP.
• General corporate purposes.
Why should you invest in the Jesons Industries Limited IPO?
Here are the top reasons:
- In 2020, the Global Paints market was ~48 billion litres valued at US$160 billion, with a ~5.5 % compound annual growth rate (CAGR) through 2025.
- In terms of revenue and volume, Asia Pacific held the largest market share in 2020 and is expected to continue to do so during the projected period. This can be attributed to China's, Japan's, and India's growing building and construction sectors, as well as their automobile industries.
- The Emulsions market was valued at US$ 6,413 million in 2020, and is projected to reach US$ 9,035 million by 2025 growing at a CAGR of 7.45% from 2020 to 2025. Asia is expected to be the highest contributor to this market, with US$ 1,332.8 million in 2020, and is anticipated to reach US$ 1,954 million by 2025.
Financial Highlights
| Particulars (In Rs cr except %) | Q1 ended 30 June, 2021 | FY21 | FY20 | FY19 |
|---|---|---|---|---|
| EBITDA | 73.73 | 128.8 | 47.5 | 47.9 |
| EBIT | 77.21 | 132.11 | 47.22 | 47.1 |
| NWC | 211.23 | 172 | 92.3 | 85.15 |
| ROCE | 84.12% | 41.65% | 25.61% | 30.77% |
| ROE | 74.10% | 42.13% | 18.67% | 18.92% |
| ROA | 30.90% | 17.35% | 8.57% | 8.04% |
| EBITDA Margin(%) | 16.82% | 11.87% | 5.27% | 5.22% |
| PAT Margin(%) | 12.38% | 8.55% | 3.29% | 2.70% |
How to apply for Jesons Industries Limited IPO?
There are two ways by which investors can choose to start trading. One is through UPI, and the other is with the help of a Demat account. The processes are discussed below:
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for Jesons Industries Limited IPO and approve the payment on your UPI ID.
Demat Account
- If you are an existing Angel One user, Apply Now!
- If you’re a new investor, Open a DEMAT Account for free with Angel One and begin your investment journey.
Jesons Industries Limited Noteworthy Highlights:
- Jesons Industries Limited is one of the leading manufacturers of specialty coating emulsions (“SCE”) and water based pressure sensitive adhesives (“PSA”) in tape and label segments (in terms of sales value), in India (source: F&S Report).
- They are one of the leading SCE suppliers to the Indian paint sector with about 30% market share in the segment in Fiscal 2021, in terms of sales value (source: F&S Report).
- The company has also been an exporter of SCEs and PSAs since 2008 and has a global footprint of exports to more than 50 countries, as of June 30, 2021.
- We have successfully established a strong foothold in high-growth markets across Asia-Pacific, the Middle East and Africa, for both SCE and PSA products (source: F&S Report).
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| Jensons Industries serves a huge and quickly expanding market with a very diversified range and specialised client solutions. In the SCE and PSA product area, the firm offers one of the broadest product portfolios. The business launched 113 goods throughout the course of the previous three fiscal years. | The demand for Jenson's Industries' products is heavily reliant on demand from the end-user industries. If there is a decline in demand from that direction, it will significantly impact business operations. |
| The business is one of the major participants in the SCEs and PSAs market, and its clientele is spread across the major geographic regions. The firm is well-established in developing nations including those in the Middle East, Asia-Pacific, and Africa. | Any unplanned shutdowns, slowdowns, or extended interruptions in the production facilities would have a negative impact on the company's operations. |
| Their production facilities are positioned in a highly strategic way to facilitate exports and supply chain management that are both effective. They have six production sites that serve both the domestic and international markets. | The highly competitive market that the firm competes in is open to new entrants, and as a result, the company must contend with pricing pressures that might negatively impact its business and growth prospects. |
| The company's clientele is quite diverse, including companies in the paints, packaging, and chemicals for the paper, leather, and carpet sectors. | Foreign currency volatility concerns might have a detrimental impact on the company's finances and operations. |
Competitive Analysis: Market Peers
Jesons Industries Limited confronts several difficulties from rival brands as a result of the enormous expansion in the Asset Management sector. A comparison of a few market participants' revenue growths may be seen below:
| Company | ROA | ROCE | ROE | Fixed Asset Turnover |
|---|---|---|---|---|
| Fine Organics | 13.38% | 19.13% | 17.82% | 5.11x |
| Galaxy Surfactants | 15.65% | 24.68% | 25.51% | 3.36x |
| Aarti Industries Ltd | 7.49% | 13.70% | 16.15% | 0.98x |
| Vinati Organics | 16.96% | 19.25% | 19.08% | 1.11x |
| Apcotex Industries | 10.41% | 19.35% | 15.87% | 3.62x |
| BASF | 11.08% | 27.07% | 36.47% | 10.25x |
| Jesons Industries Ltd | 17.35% | 41.65% | 42.13% | NA |
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