Jesons Industries has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 800-900 crore through an initial public offering (IPO). The shares of the company are proposed to be listed on NSE and BSE.
Proceeds from the fresh issuance of shares will be used to the extent of Rs 90 crore to repay/ prepay in full or part of borrowings, availed by its subsidiary besides general corporate purposes. Axis Capital and JM Financial are the books running lead managers to the issue.
Jesons Industries is one of the leading manufacturers of specialty coating emulsions (SCE) and water-based pressure-sensitive adhesives (PSA) in tape and label segments. Its products are used in various end-user industries, such as paints, packaging, and chemicals for construction, textiles, leather, carpet, and paper.
Company Name | CMP |
---|---|
Tata Chemicals | 1080.00 |
SRF | 2288.80 |
Pidilite Inds. | 3003.20 |
Aarti Inds | 631.90 |
Gujarat Fluorochemic | 3236.50 |
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