Essen Speciality Films IPO will open for subscription from 23 June 2023. the company aims for an issue size of ₹66.33 Cr through this IPO.
Company Overview
| Full name | Essen Speciality Films Limited |
| Sector | Plastic Products |
| Industry | Plastic Products |
| Company Website | https://www.essenspeciality.com/ |
Essen Speciality Films Limited
Incorporated in 2002, Essen Speciality Films is a manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry, to renowned multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, Kroger, etc. The company’s product portfolio can broadly be classified into seven categories, namely, bath area, kitchen & dining, home décor, storage and organization, fitness and lifestyle, outdoor and utility, and customized products, which include plastic films, Spa slippers, Baby shower caps, green-house gutter sheet, etc. The company markets and sells its products predominantly under three brands: ‘Draperi’ for shower curtains, ‘Runner’ for shelf liners, and ‘Paperi’ for 88 artificial plants and placemats.
Essen Speciality Films supplies the products to 24 countries, including China, Saudi Arabia, the United States of America, Qatar, the United Kingdom, Germany, Italy, Canada, Romania, Denmark, Poland, New Zealand, United Arab Emirates, Spain, Austria, France, Australia, Kuwait, Belgium, Austria, Sweden and, Mexico. The company also markets and sells its products in India and its domestic sales for the nine-month period ended 31 December 2022 and FY 2022, 2021, and 2020, constituted 19.70%, 16.87%, 7.03%% and 4.83% of its total sales, respectively.
The Objective of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company,
- Funding the working capital requirements,
- General corporate purposes.
Essen Speciality Films IPO Timetable
| IPO Opening date | 23 June 2023 |
| IPO Closing | 27 June 2023 |
| Basis of Allotment | 03 July 2023 |
| Initiation Refund | 04 July 2023 |
| Credit to Demat Account | 05 July 2023 |
| Listing Date | 06 July 2023 |
Essen Speciality Films IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | 61,99,200 shares (₹ 62.61 – 66.33 crores) |
| Fresh Issue | 46,99,200 shares (₹ 47.46 – 50.28 crores) |
| Offer for sale | 15,00,000 shares (₹ 15.15 – 16.05 crores) |
| Face value | ₹10 per share |
| Price Band | ₹101 to ₹107 per share |
| Lot size | 1200 Shares |
| Retail Allocation | 35% |
| Listing Exchange | NSE SME |
Essen Speciality Films IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹128,400 |
| Retail (Max) | 1 | 1200 | ₹128,400 |
| HNI (Min) | 2 | 2,400 | ₹256,800 |
Essen Speciality Films IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Essen Speciality Films Limited Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 95.78 | 117.44 | 118.61 |
| Expenses | 84.45 | 111.70 | 106.16 |
| Net income | 9.14 | 5.17 | 13.37 |
Essen Speciality Films Limited Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 5.71 | 3.23 | 8.36 |
| PE ratio | – | – | – |
| RONW (%) | 13.62 | 7.15 | 15.62 |
| NAV | 670.78 | 45.15 | 53.51 |
| ROCE (%) | 11.08 | 5.27 | 14.62 |
| EBITDA (%) | 20.36 | 11.52 | 17.44 |
| Debt/Equity | 0.23 | 0.36 | 0.08 |
Essen Speciality Films Limited Promoters
- Pallav Kishorbhai Doshi
- Khushboo Chandrakant Doshi
- Karishma Rajesh Doshi
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | – |
Essen Speciality Films IPO Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Essen Speciality Films Limited Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. 56-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Essen Speciality Films Contact Details
ESSEN SPECIALITY FILMS LIMITED
Plot No. A, Survey No. 192,
Veraval (Shapar), Rajkot – 360 002, Gujarat
Phone: +91 98253 12701
E-mail: info@essenspeciality.com
Website: www.essenspeciality.com
Essen Speciality Films IPO Allotment Status
Essen Speciality Films IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Essen Speciality Films IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
