Indian Emulsifier Limited IPO
NSE SMEListed On: May 22, 2024 at ₹ 430.0
₹ 264000 /2000 Shares
*Min Investment
13 May, 2024
Open Date16 May, 2024
Close Date17 May, 2024
Allotment Date22 May, 2024
Listing DateIndian Emulsifier Limited IPO Issue Details
- Issue Price ₹125-132 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 32,11,000 shares(aggregating up to ₹42.39 crore)
- Fresh Share 32,11,000 shares(aggregating up to ₹42.39 crore)
- Listing at NSE SME
- List Price 430.0
- Listing Date 2024-05-22
- Lead Manager Ekadrisht Capital Private Limited
- Registrar Maashitla Securities Private Limited
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,32,000 |
| Retail(max) | 1 | 1000 | ₹1,32,000 |
| NII (min) | 2 | 2,000 | ₹2,64,000 |
Indian Emulsifier Limited IPO Reservation
Indian Emulsifier Limited IPO offers total 3,211,000 shares. Out of which 610,000 (19%) allocated to QIB, 460,000 (14.33%) allocated to NII,1,070,000 (33.32%) allocated to RII, NA (NA%) allocated to employees and 910,000 (28.34%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 910,000 (28.34%) | |
| Market Maker Shares Offered | 161,000 (5.01%) | |
| QIB Shares Offered | 610,000 (19%) | |
| NII (HNI) Shares Offered | 460,000 (14.33%) | |
| Retail Shares Offered | 1,070,000 (33.32%) | |
| Total Shares Offered | 3,211,000 (100%) |
Indian Emulsifier Limited IPO Details
Indian Emulsifier Limited IPO is an SME IPO, priced at ₹125-132 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 32,11,000 equity shares, aggregating up to ₹42.39 crores..
The IPO bidding window is open from May 13, 2024 to May 16, 2024. The allotment is expected to be finalized on May 17, 2024, and the tentative listing date is May 22, 2024.
The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,32,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,64,000.
Ekadrisht Capital Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Private Limited, and Ss Corporate Securities Limited will act as the market maker for this issue.
Indian Emulsifier Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 610,000 / 460,000 | 1,070,000 | 2,140,000 |
Day 1 13-05-24 06:00 PM | 0.04 / 7.10 x | 15.10 x | 9.09 x |
Day 2 14-05-24 06:00 PM | 0.14 / 29.06 x | 63.18 x | 37.88 x |
Day 3 15-05-24 06:00 PM | 0.47 / 96.92 x | 176.93 x | 109.43 x |
Day 4 16-05-24 06:00 PM | 175.95 / 779.98 x | 484.66 x | 460.14 x |
Indian Emulsifier Limited Valuations
Indian Emulsifier Limited Company Financials
| 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 6,176.63 | 3,432.26 | 1,910.22 |
| Revenue | 4,870.16 | 4,118.35 | 1,768.31 |
| Profit After Tax | 675.01 | 389.44 | 4.31 |
| Net Worth | 2,636.35 | 1,204.35 | 814.94 |
| Reserves & Surplus | 1,735.22 | 393.34 | 3.93 |
| Total Borrowing | 2,244.45 | 2,030.44 | 1,068.54 |
About Indian Emulsifier Limited Company
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 like mining, textile, cleaning, PVC/rubber, personal care, and food.
The Company is an ISO 9001:2015 certified company.The company runs a manufacturing plant in Ratnagiri, Maharashtra. The plant has the capacity to produce 4,800 metric tons per annum, and this has been enhanced from 2,400 MT per annum with the addition of more reactors. The company has process control, an innovative R&D center, quality control, and application laboratories in the plant.
The company has two warehouses one is located in Raigad, Maharashtra, and the other is in Ratnagiri Maharashtra.
As of December 31, 2023, the company had a full-time staff of 34 key managerial personnel.
Indian Emulsifier Limited - Promoter(s)
Yash Tikekar
Pre Issue Share Holding : 65.25%
Post Issue Share Holding : 48.11%
Indian Emulsifier Limited IPO - Issue Objectives
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
Indian Emulsifier Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Indian Emulsifier Limited | 6.48 | N/A | 14.85 | N/A | 32.34 | 8.89 | Standalone |
| Fine Organic Industries Ltd | 192.63 | N/A | 99.29 | 22.84 | 38.8 | 44.32 | Standalone |
| Fineotex Chemical Ltd. | 4.7 | N/A | 24.34 | 79.57 | 19.3 | 15.37 | Standalone |
Notes:
- CMP is the closing prices or the last traded price of respective scripts as on February 09, 2024.
- P/E Ratio has been computed based on their respective closing market price on February 09, 2024 as divided by the Basic EPS as on March 31, 2023.
- Return on Net Worth (%) = Profit for the period/year / Net Worth at the end of the period/year.
- The Issue Price determined by our Company in consultation with the Book Running Lead Manager is justified by our Company in consultation with the Lead Manager based on the above parameters.
Contact Details
Indian Emulsifier Limited
Shop 206, Foor-2, Sumer Kendra, Shivram Seth, Amrutwar Road Near Doordarshan Kendra, Off Pandurang Budhwar Marg, Worli Mumbai-400018
022-4783 8021
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
Indian Emulsifier Limited IPO - FAQs
Ans. Indian Emulsifier Limited IPO is a SME IPO. The issue is priced at ₹125-132 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on May 13, 2024, and closes on May 16, 2024. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Indian Emulsifier Limited IPO opens on May 13, 2024 and closes on May 16, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Indian Emulsifier Limited IPO is 3,211,000 shares(aggregating up to ₹42.39 Cr).
Ans. The Indian Emulsifier Limited IPO price band is set between ₹125-132 per equity share.
Ans. To apply for Indian Emulsifier Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Indian Emulsifier Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Indian Emulsifier Limited IPO is May 17, 2024.
Ans. The Indian Emulsifier Limited IPO will be listed on May 22, 2024.
Ans. Follow the steps to check the Indian Emulsifier Limited IPO allotment status online.
