Indian Emulsifier IPO is a book built issue of Rs 42.39 crores. The issue is entirely a fresh issue of 32.11 lakh shares.
Indian Emulsifier IPO opens for subscription on May 13, 2024 and closes on May 16, 2024. The allotment for the Indian Emulsifier IPO is expected to be finalized on Friday, May 17, 2024. Indian Emulsifier IPO will list on NSE SME with tentative listing date fixed as Wednesday, May 22, 2024.
Indian Emulsifier IPO price band is set at ₹125 to ₹132 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹264,000.
Ekadrisht Capital Private Limited is the book running lead manager of the Indian Emulsifier IPO, while Maashitla Securities Private Limited is the registrar for the issue.
Refer to Indian Emulsifier IPO DRHP for detailed information.
Indian Emulsifier IPO Details
| 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 |
| Market Maker portion | 161,000 shares |
Indian Emulsifier IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not More than 50% of the Net Issue |
| Retail Shares Offered | Not Less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not Less than 15% of the Net Issue |
Indian Emulsifier IPO Timeline (Tentative Schedule)
Indian Emulsifier IPO opens on May 13, 2024, and closes on May 16, 2024.
| IPO Open Date | Monday, May 13, 2024 |
| IPO Close Date | Thursday, May 16, 2024 |
| Basis of Allotment | Friday, May 17, 2024 |
| Initiation of Refunds | Monday, May 20, 2024 |
| Credit of Shares to Demat | Monday, May 20, 2024 |
| Listing Date | Wednesday, May 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 16, 2024 |
Indian Emulsifier IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below 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 | ₹132,000 |
| Retail (Max) | 1 | 1000 | ₹132,000 |
| HNI (Min) | 2 | 2,000 | ₹264,000 |
| Lot Size Calculator | |||
Indian Emulsifier IPO Promoter Holding
The promoter of the company is Yash Tikekar.
| Share Holding Pre Issue | 65.25% |
| Share Holding Post Issue |
About Indian Emulsifier Limited
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.
Indian Emulsifier Limited Financial Information (Restated Standalone)
Indian Emulsifier Limited’s revenue increased by 132.9% and profit after tax (PAT) rose by 8935.73% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 25.61% |
| ROCE | 38.03% |
| Debt/Equity | 0.51 |
| RoNW | 25.60% |
| PAT Margin (%) | 13.87 |
Check Indian Emulsifier IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.8 | |
| P/E (x) | 27.5 |
Objects of the Issue (Indian Emulsifier IPO Objectives)
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 IPO Prospectus
Indian Emulsifier Limited 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,
Phone: 022-4783 8021
Email: info@indianemulsifiers.com
Website: https://indianemulsifiers.com/
Indian Emulsifier IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues