Jesons Industries IPO Details

Incorporated in Jesons Industries Limited is engaged in manufacturing coating emulsions for the paint sector and water-based pressure-sensitive adhesives for the tape and label segments.

The company products are used in industries such as paints, packaging, furniture, construction, tiles, textiles, leather chemicals, carpet chemicals, and paper chemicals.

The company has been exporting coating materials and adhesives since 2008, with exports to over 48 countries as of September 30, 2024. It has established a strong presence in high-growth markets across Asia-Pacific, the Middle East, and Africa.

As of September 30, 2024, the company had a portfolio of 210 products marketed under brands like Bondex®, Rdymix®, and Coviguard® As of September 30, 2024, the company had 1,500 customers.

As of September 30, 2024, the company’s R&D facility, with 40 staff members, leverages decades of experience to develop customized coating materials and adhesive products based on customer requirements.

The company operates seven strategically located manufacturing facilities in Daman, Roorkee, Gummidipoondi, Mundra, Vapi, and Saykha, serving both domestic and export markets.

These facilities are near custom ports or customers, ensuring logistical efficiency. The company also has three warehouses in Daman, Vapi, and Bhiwandi for finished products.

Product Portfolio:

• Coating Materials: Manufactures a wide variety of emulsion binders of different chemistries, such as Acrylic, Styrene Acrylic, VAM Acrylic, VAM Veova, PVA Homopolymers.
• Adhesives: The company manufactures water-based adhesives for OPP tapes, offering high tack and adhesion strength for sealing cartons, as well as pigment emulsions for BOPP tapes. It also produces sustainable WBPSA, flexible lamination adhesives, and wood adhesives for diverse industries.

The company launched 42 new products for industries like woodworking, RDP, and construction chemicals, with 26 introduced in FY 2024 and the first half of FY 2025.

As of September 30, 2024, the company had an employee base of 784 full-time employees.

Competitive Strengths:

• One of the leading players in coating materials and adhesives with a diversified geographical presence spanning key regions in India and globally.
• Diversified product portfolio and customized solutions.
• Strategically located production facilities with fungible capabilities, efficient supply chain management, and export capabilities.
• Diversified customer base with long-term relationships with customers both domestically as well as globally.
• Research driven and R&D led product offerings.