Jaro Institute, Sri Lotus Developers, Caliber Mining, Euro Pratik, Gem Aromatics, and Jensons Industries pass the litmus test
MUMBAI, May 20 (The CONNECT)- Jaro Institute, Sri Lotus Developers, Caliber Mining, Euro Pratik, Gem Aromatics, and Jensons Industries has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI) for IPO.
Jaro Institute
Mumbai-based Jaro Institute of Technology Management and Research Limited is planning to raise Rs 570 crore through an initial public offering (IPO). The Company had filed its IPO papers with Sebi on September 30, 2024. The IPO consists of a fresh issuance of equity shares worth Rs 170 crore and an offer-for-sale of shares worth Rs 400 crore by promoter Sanjay Namdeo Salunkhe.
Jaro Institute of Technology Management and Research is one of India’s leading online higher education and upskilling platform companies, in terms of EBIDTA, EBIDTA Margin, PAT and PAT Margin, Return on Equity (“ROE”) and Return on Capital Employed (“ROCE”) as of March 31, 2023, according to a Technopak Report. It is a one stop solution for a university looking to offer online, hybrid and in person degree programs and certification courses.
Sri Lotus Developers
Bollywood Stars and Ashish Kacholia backed Sri Lotus Developers and Realty Limited a real estate developer plans to raise Rs 792 crore through an initial public offering (IPO). The Company had filed its IPO papers with Sebi on December 24, 2024. The IPO, with a face value of Re 1, is a fresh issue of shares up to Rs 792 crore with no offer-for-sale component.
Sri Lotus Developers and Realty Ltd is led by promoter Anand Kamalnayan Pandit, a developer of residential and commercial premises in Mumbai, Maharashtra, with a focus in Redevelopment Projects in the Ultra Luxury Segment and Luxury Segment in the western suburbs. Its operations are strategically located in Mumbai, one of the biggest real estate markets in India. For the calendar years 2019 to 2023, the MMR was ranked first among the top seven Indian residential real estate markets (namely, MMR (Maharashtra), Pune (Maharashtra), Bengaluru (Karnataka), Hyderabad (Telangana), the National Capital Region, Chennai (Tamil Nadu) and Kolkata (West Bengal)) in terms of supply, absorption and average base selling price, according to an Anarock Report.
Caliber Mining
Caliber Mining and Logistics Limited is one among the top 10 mining operators managing overburden removal, coal extraction and coal logistics is planning to raise Rs 600 crore through Initial Public Offering (IPO). The Company had filed its IPO papers with Sebi on December 30, 2024. The IPO, with a face value of Rs 10, is a mix of fresh issue of shares up to Rs 500 crore and an offer-for-sale of up to Rs 100 crore by Promoter Selling Shareholders.
Caliber Mining and Logistics offers its customers end-to-end services including coal extraction, overburden removal, coal loading and unloading, road transportation and coordination of rail transportation, making it a one-stop coal mining and logistics provider. Its mining and overburden removal operations are located in Maharashtra, Chhattisgarh and Madhya Pradesh. Its largest customers are mine owing subsidiaries of Coal India Limited (“Coal India” or “CIL”), namely Western Coalfields Limited (“WCL”) and Northern Coalfields Limited (“NCL”). It began providing logistics solutions for iron ore customers in Fiscal 2023.
Euro Pratik Sales
Mumbai-based Decorative Wall Panel and Decorative Laminates brand Euro Pratik Sales Limited, is planning to raise Rs 730 crore through Initial Public Offering (IPO). The Company had filed its IPO papers with Sebi on January 20, 2025. The IPO, with a face value of Re 1, is entirely an offer for sale up to Rs 730 crore by Promoter and Promoter Group Selling Shareholders.
Euro Pratik is one of India’s leading Decorative Wall Panel brands and have established ourselves as one of the largest organized Wall Panel brands with a market share of 15.87% by revenue in the organized Decorative Wall Panels industry, according to a Technopak Report. Over the years, it has developed an extensive product range catering to both residential and commercial applications which is predominantly sold under its flagship brands “Euro Pratik” and Gloirio”.
Gem Aromatics
Mumbai-based Gem Aromatics Limited, an established manufacturer of specialty ingredients, including, essential oils, aroma chemicals and Value-Added Derivatives in India is planning to raise funds through an initial public offering (IPO). The Company had filed its IPO papers with Sebi on December 28, 2024. The IPO with a face value of Rs 2 is a mix of fresh issue of shares of up to Rs. 175 crore and an offer for sale (OFS) of up to 89,24,274 equity shares each by Promoter and Investor Selling Shareholders.
Gem Aromatics offers a diversified portfolio of products, ranging from the Mother Ingredients to its various Value-Added Derivatives. The products is applied across a broad spectrum of industries, such as, oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness and pain management and personal care. It is one of the prominent essential oils and Value-Added Derivatives manufacturers in India, based on value and volume manufactured, specializing in products that are derived from mint and clove oil. (Source: F&S Report). During FY 2024 in India, it is the largest procurer of Piperita oil, and the largest processor of DMO, Clove oil, Eugenol and Eucalyptus Oil in terms of volume manufactured. (Source: F&S Report).
Jesons Industries
Mumbai-based Jesons Industries, one of the leading manufacturers of coating emulsions to the paint sector and water-based pressure sensitive adhesives in tape and label segments, in terms of sales value, in India, is planning to raise funds through an initial public offering (IPO). The Company had refiled its IPO papers with Sebi on January 9, 2025. The IPO with a face value of Rs 5 each is a mix of a fresh issue aggregating up to Rs 300 crore and an offer for sale of 9.46 million equity shares by Dhiresh Shashikant Gosalia.
Jensons Industries caters to a diverse range of end-user industries, including paints, packaging, furniture manufacturing, construction, tiles, textiles, leather chemicals, carpet chemicals, and paper chemicals. It is a key supplier of coating emulsions to the Indian paint sector, commanding a 27% share of the non-captive domestic market in this segment during Fiscal 2024. Additionally, it holds a 35% market share in India’s water-based pressure-sensitive adhesives for tapes and labels.
