Essen Speciality Films Limited IPO Detail
Incorporated in 2002, Essen Speciality Films Limited manufactures and exports specialized plastic products in the home improvement and home furnishing industry, to multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl's, Kroger, etc.
The company's product list includes bath area and accessories, artificial plants & flowers, kitchen & dining, storage & organization, fitness & lifestyle, and outdoor & utility products, and customized products, which include plastic films, Spa slippers, Baby shower caps, green-house gutter sheets, etc. The company markets and sells its products predominantly under three brands; 'Draperi' for shower curtains, 'Runner' for shelf liners, and 'Paperi' for artificial plants and placemats.
They have a diversified customer base and are spread across various industries, including but not limited to home furnishing, home decor, departmental stores, discount retailers, hypermarkets, hardware, and home improvement, office supplies stores, agricultural and medical industry, and international importers and wholesale distributors.
The company supplies its products to twenty-four (24) countries, including but not limited to, China, Saudi Arabia, the United States of America, Qatar, United Kingdom, Germany, Italy, Canada, Romania, Denmark, Poland, New Zealand, United Arab Emirates, Spain, Austria, France, Australia, Kuwait, Belgium, Austria, Sweden, and Mexico.
Essen Speciality Films has been recognized as a 'two-star export house' by the Ministry of Commerce & Industry, Government of India. And was awarded with the 'Best Supplier of the Year', twice by IKEA.
Company Promoters
Pallav Kishorbhai Doshi, Khushboo Chandrakant Doshi, and Karishma Rajesh Doshi are the company promoters.IPO Details
| IPO Opening Date | Jun 23, 2023 |
| IPO Closing Date | Jun 27, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹101 - 107 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹66.33 Cr |
| Fresh Issue | 4,699,200 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 1,500,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Retail Portion | 35.00% |
IPO Tentative Timetable
The Essen Speciality Films Limited IPO open date is Jun 23, 2023, and the close date is Jun 27, 2023. The issue may list on Jul 06, 2023.
| IPO Open Date | Jun 23, 2023 |
| IPO Close Date | Jun 27, 2023 |
| Basis of Allotment Date | Jul 03, 2023 |
| Initiation of Refunds | Jul 04, 2023 |
| Credit of Shares to Demat Account | Jul 05, 2023 |
| IPO Listing Date | Jul 06, 2023 |
IPO Lot Size
The Essen Speciality Films Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹128400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹128400 |
| Maximum | 1 | 1200 | ₹128400 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 10440.24 | 9680.78 | 913.73 |
| 31-Mar-22 | 11859.28 | 11857.17 | 516.90 |
| 31-Mar-23 | 10970.82 | 12048.09 | 1337.23 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company,
- Funding the working capital requirements, and
- General corporate purposes.
Essen Speciality Films Limited IPO Registrar:
Bigshare Services Pvt Ltd
Essen Speciality Films Limited IPO Lead Manager(s):
Gyr Capital Advisors Limited
Company Contact Information:
Essen Speciality Films Limited
Plot No. A, Survey No. 192, Veraval (Shapar)
Rajkot
Gujarat
