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19 Dec 2024
Indian Emulsifiers Limited IPO
Indian Emulsifiers manufacturers, supplies and markets a diverse range of speciality chemicals to industries such as Food, Cosmetic, Pharmaceutical, Personal care, Home care, Institutional & Industrial Cleaning, Metal Cleaning, Metal Working, Lubricants, Textiles, Mining, Oilfields, Agriculture and Paint & Pigments. Indian Emulsifiers core team has over 30 years of rich and unparalleled experience in the chemical industry each making Indian Emulsifiers a pioneer and leading manufacturer of speciality chemicals. The company has set up a state of art manufacturing facility at MIDC LOTE. The facility is located 225 km from the country’s financial hub Mumbai on the west coast of India. The proximity to Mumbai and its ports makes it an ideal location.
The facility has a production capacity of 6000 metric tons per annum, equipped with computerized process control, an innovative R&D center, Quality Control and Application Laboratories. Operations at the facility are managed by an able and motivated team of highly qualified technical personnel, having expertise in their individual fields. Indian Emulsifiers IPO is a book built issue of Rs 42.39 crores. The issue is entirely a fresh issue of 32.11 lakh shares. Indian Emulsifiers IPO price band is set at ₹125 to ₹132 per share. The minimum lot size for an application is 1000 Shares. Ekadrisht Capital Private Limited is the book running lead manager of the Indian Emulsifiers IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Indian Emulsifiers IPO is Ss Corporate Securities.
Indian Emulsifiers IPO Overview
| Detail | Description |
|---|---|
| IPO Date | May 13, 2024 to May 16, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹132 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 3,211,000 shares (aggregating up to ₹42.39 Cr) |
| Fresh Issue | 3,211,000 shares (aggregating up to ₹42.39 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,011,222 |
| Share holding post issue | 12,222,222 |
| Market Maker portion | 161,000 shares Ss Corporate Securities |
Indian Emulsifiers IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Monday, May 13, 2024 |
| IPO Close Date | Thursday, May 16, 2024 |
| Basis of Allotment | Friday, May 17, 2024 |
| Initiation of Refunds | Tuesday, May 21, 2024 |
| Credit of Shares to Demat | Tuesday, May 21, 2024 |
| Listing Date | Wednesday, May 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 16, 2024 |
Indian Emulsifiers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹132,000 |
| Retail (Max) | 1 | 1000 | ₹132,000 |
| HNI (Min) | 2 | 2,000 | ₹264,000 |
Indian Emulsifiers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 910,000 (28.34%) |
| Market Maker Shares Offered | 161,000 (5.01%) |
| QIB Shares Offered | 610,000 (19.00%) |
| NII (HNI) Shares Offered | 460,000 (14.33%) |
| Retail Shares Offered | 1,070,000 (33.32%) |
| Total Shares Offered | 3,211,000 (100%) |
Indian Emulsifiers IPO Promoter Holding
| Share Holding Pre Issue | 65.25% |
| Share Holding Post Issue | 48.11% |
Indian Emulsifiers IPO Anchor Investors Details
| Bid Date | May 10, 2024 |
| Shares Offered | 910,000 |
| Anchor Portion Size (In Cr.) | 12.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 16, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 15, 2024 |
Company & Financials
Incorporated in December 2020, Indian Emulsifiers Limited is a manufacturer and supplier of Specialty Chemicals i.e., Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The facility has a production capacity of 4,800 metric tons per annum as on March 31, 2023 and 3,600 MT per annum for the period ended December 31, 2023, equipped with process control, innovative R&D center, Quality Control and Application Laboratories. The Company was formed with a vision to become a pioneer specialty chemicals manufacturer. It serves specialty chemicals to a wide range of industries such as Mining, Textile, Cleaning Industry, PVC / Rubber, Personal Care, Food and Other Industries. Multiple high-pressure stainless-steel reactors equipped to deliver yields from 100 Kg to 8,000 kg per batch providing a high level of flexibility. The facility can carry out reactions at temperatures ranging from 10 C to 250 C and pressure 5 kg to 8kg/cm, the reactors are equipped with condenser, vacuum arrangement and receiver and high speed stirred reactor.
Indian Emulsifiers Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 6,176.63 | 3,432.26 | 1,910.22 | 59.72 | ||||||||||||||||||||||||||||||||||||
| Revenue | 4,870.16 | 4,118.35 | 1,768.31 | |||||||||||||||||||||||||||||||||||||
| Profit After Tax | 675.01 | 389.44 | 4.31 | -0.37 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,636.35 | 1,204.35 | 814.94 | 0.63 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,735.22 | 393.34 | 3.93 | -0.37 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,244.45 | 2,030.44 | 1,068.54 | 58.91 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 25.61% |
| ROCE | 38.03% |
| Debt/Equity | 0.51 |
| RoNW | 25.60% |
| P/BV | 4.51 |
| PAT Margin (%) | 13.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.32 | 7.36 |
| P/E (x) | 30.54 | 17.93 |
Objectives of Indian Emulsifiers IPO
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. Funding of capital expenditure requirements of the Company towards Plant & Machinery, Civil work and installation cost thereon.
- 2. Funding Working Capital Requirements of our Company.
- 3. General corporate purposes.
Indian Emulsifiers IPO Review
The company is engaged in the speciality chemical segment which is currently not witnessing any fancy. The company has posted growth in its top and bottom lines for the reported periods. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the long term.
FAQs for Indian Emulsifiers IPO
-
What Is The Size Of The Indian Emulsifiers IPO?
The offer size of Indian Emulsifiers Limited is INR 42.39 crores, consisting of a fresh issue of 35,00,000 shares. The company seeks funds for capital expenditure, working capital and general corporate purposes.
-
What Is The Price Band Of The Indian Emulsifiers IPO?
The price band of the issue is INR 125-132 per share.
-
What are the open and close dates for Indian Emulsifiers Ltd IPO?
Indian Emulsifiers Ltd IPO Opens for subscription from 13-May-2024 to 16-May-2024.
-
What is the lot size and minimum order quantity of the Indian Emulsifiers Ltd IPO?
The lot size of Indian Emulsifiers Ltd is 1000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots.
-
What are the allotment dates for the Indian Emulsifiers Ltd IPO?
Allotment date for Indian Emulsifiers Ltd is 17-May-2024 and refund of application amount (in case allotment is not received) will begin from 21-May-2024. If your allotment goes through, then shares will be credited in your Demat account by 21-May-2024.
Anchor Investor Link:
Anchor Investor Link of Indian Emulsifiers Limited IPO
-
What Is The Size Of The Indian Emulsifiers IPO?
The offer size of Indian Emulsifiers Limited is INR 42.39 crores, consisting of a fresh issue of 35,00,000 shares. The company seeks funds for capital expenditure, working capital and general corporate purposes.
-
What Is The Price Band Of The Indian Emulsifiers IPO?
The price band of the issue is INR 125-132 per share.
-
What are the open and close dates for Indian Emulsifiers Ltd IPO?
Indian Emulsifiers Ltd IPO Opens for subscription from 13-May-2024 to 16-May-2024.
-
What is the lot size and minimum order quantity of the Indian Emulsifiers Ltd IPO?
The lot size of Indian Emulsifiers Ltd is 1000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots.
-
What are the allotment dates for the Indian Emulsifiers Ltd IPO?
Allotment date for Indian Emulsifiers Ltd is 17-May-2024 and refund of application amount (in case allotment is not received) will begin from 21-May-2024. If your allotment goes through, then shares will be credited in your Demat account by 21-May-2024.
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