Jesons Industries has filed its draft prospectus with SEBI (Securities and Exchange Board of India). The company is a stalwart manufacturer of adhesives and coatings. It proposes to raise Rs. 800-900 crores from the IPO. Find out the comprehensive details below.
Jesons Industries was established in 1999 and has since made a name for itself in the SCE (speciality coating emulsions) and PSA (pressure-sensitive adhesives) categories.
With a wide range of products, the company presently has a 30% market share as a leading speciality coating emulsions manufacturer in the domestic markets.
The clients of this company include:
Some of the global clients of Jesons Industries include:
Apart from paints, this company also produces many other chemicals for industries such as:
Listed below are the financials of Jesons Industries. The company witnessed a 20.7% jump in revenue in FY 2021.
FY2019 in Rs. crores | FY2020 in Rs. crores | FY2021 in Rs. crores | |
Revenue | 923.7 | 908.7 | 1,096.5 |
Expenses | 886.4 | 870.0 | 970.5 |
Net Income | 24.8 | 29.6 | 92.9 |
Margin (%) | 2.7 | 3.3 | 8.5 |
Jesons Industries is one of the largest exporters of vinyl acetate and acrylic polymers. Moreover, the company also has a strong entry in important markets such as Asia-Pacific, Africa and the Middle East.
It contributed around 52.9% and 36.1% to India’s total export of vinyl acetate and acrylic polymers, respectively. In case you are keen to subscribe to this IPO, do so only after thorough research and analysis on the strengths and benefits of the company.
Ans. Axis Capital and JM Financials are the book running lead managers to the IPO issue.
Ans. You should note that Jesons Industries is a 100% promoter-owned company. The promoters are:
Ans. The competitors of Jesons Industries are Vinati Organics, Fine Organic Industries, Galaxy Surfactants, and others.
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