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Essen Speciality Films Limited IPO Detail

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 DateJun 23, 2023
IPO Closing DateJun 27, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹101 - 107 per equity share
Market Lot1200 Shares
Min Order Quantity1200 Shares
Listing AtNSE SME
Issue Size₹66.33 Cr
Fresh Issue4,699,200 shares (aggregating up to ₹[.] Cr)
Offer for Sale1,500,000 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 DateJun 23, 2023
IPO Close DateJun 27, 2023
Basis of Allotment DateJul 03, 2023
Initiation of RefundsJul 04, 2023
Credit of Shares to Demat AccountJul 05, 2023
IPO Listing DateJul 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum11200₹128400
Maximum11200₹128400

IPO Promoter Holding

Pre Issue Share Holding100%
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:

  1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company,
  2. Funding the working capital requirements, and
  3. 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