Indian Emulsifier Limited IPO Detail
Incorporated in December 2020, Indian Emulsifier Limited is a manufacturer and supplier of Specialty Chemicals i.e., Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers.
The product line of the company includes the following
- Esters
- Amphoteric
- Phosphate esters
- Imidazolines
- Wax emulsions
- SMO & PIBSA Emulsifiers
The Company supplies specialty chemicals to a wide range of industries, including Mining, Textile, Cleaning, PVC/Rubber, Personal Care, Food, and others.
Indian Emulsifier Limited offers over 40 speciality chemicals and intermediates for various industries such as mining, textile, cleaning, PVC/rubber, personal care, and food.
The Company is as ISO 9001:2015 certified company.
The company operates a manufacturing plant located in Ratnagiri, Maharashtra. The facility has a production capacity of 4,800 metric tons per annum, which has been increased from 2,400 MT per annum by the installation of additional reactors. The plant is equipped with process control, an innovative R&D center, quality control, and application laboratories.
The company has two warehouses one situated in Raigad, Maharashtra and the second one in Ratnagiri Maharashtra.
As of December 31, 2023, the company has 34 full-time employees, including key managerial personnel.
Company Promoters
Yash Tikekar.IPO Details
| IPO Opening Date | May 13, 2024 |
| IPO Closing Date | May 16, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹125 - 132 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹42.39 Cr |
| Fresh Issue | ₹42.39 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.04x | 0.00x | 0.00x | 7.10x | 15.10x | 9.09x |
| Day 2 | 0.14x | 0.00x | 0.00x | 29.06x | 63.18x | 37.88x |
| Day 3 | 0.47x | 0.00x | 0.00x | 96.92x | 176.93x | 109.43x |
| Day 4 | 175.95x | 0.00x | 0.00x | 779.63x | 484.66x | 460.07x |
IPO Tentative Timetable
The Indian Emulsifier Limited IPO open date is May 13, 2024, and the close date is May 16, 2024. The issue may list on May 22, 2024.
| IPO Open Date | May 13, 2024 |
| IPO Close Date | May 16, 2024 |
| Basis of Allotment Date | May 17, 2024 |
| Initiation of Refunds | May 20, 2024 |
| Credit of Shares to Demat Account | May 20, 2024 |
| IPO Listing Date | May 22, 2024 |
IPO Lot Size
The Indian Emulsifier Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹132000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹132000 |
| Maximum | 1 | 1000 | ₹132000 |
IPO Promoter Holding
| Pre Issue Share Holding | 65.25% |
| 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 | 59.72 | -0.37 | |
| 31-Mar-22 | 1910.22 | 1768.31 | 4.31 |
| 31-Mar-23 | 3432.26 | 4118.35 | 389.44 |
| 31-Dec-23 | 6176.63 | 4870.16 | 675.01 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding of capital expenditure requirements of the Company towards Plant & Machinery, Civil work and installation cost thereon;
- Funding Working Capital Requirements of our Company;
- General corporate purposes
EPS has been taken as of March 31, 2023. & P/E ratio has been taken as of March 2023-2024 from The Financial Express.
Indian Emulsifier Limited IPO Registrar:
Maashitla Securities Pvt. Limited
Indian Emulsifier Limited IPO Lead Manager(s):
Ekadrisht Capital Private Limited
Company Contact Information:
Indian Emulsifier Limited
Shop 206, Foor-2, Sumer Kendra, Shivram Seth
Amrutwar Road Near Doordarshan Kendra,
Off Pandurang Budhwar Marg, Worli Mumbai-400018
