Essen Speciality Films IPO

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 nameEssen Speciality Films Limited
SectorPlastic Products
IndustryPlastic Products
Company Website

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 date23 June 2023
IPO Closing27 June 2023
Basis of Allotment03 July 2023
Initiation Refund04 July 2023
Credit to Demat Account05 July 2023
Listing Date06 July 2023

Essen Speciality Films IPO details

Issue typeBook Built Issue IPO
IPO issue size61,99,200 shares (₹ 62.61 – 66.33 crores)
Fresh Issue46,99,200 shares (₹ 47.46 – 50.28 crores)
Offer for sale15,00,000 shares (₹ 15.15 – 16.05 crores)
Face value₹10 per share
Price Band₹101 to ₹107 per share
Lot size1200 Shares
Retail Allocation35%
Listing ExchangeNSE SME

Essen Speciality Films IPO Lot Size

Retail (Min)11200₹128,400
Retail (Max)11200₹128,400
HNI (Min)22,400₹256,800

Essen Speciality Films IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Essen Speciality Films Limited Financial Performance

 FY 2021FY 2022FY 2023
Net income9.145.1713.37
(Amount in ₹ Crores)

Essen Speciality Films Limited Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio
RONW (%)13.627.1515.62
ROCE (%)11.085.2714.62
EBITDA (%)20.3611.5217.44

Essen Speciality Films Limited Promoters

  • Pallav Kishorbhai Doshi
  • Khushboo Chandrakant Doshi
  • Karishma Rajesh Doshi 

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Essen Speciality Films IPO Lead Manager(s)

428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648

Essen Speciality Films Limited Registrar

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

Essen Speciality Films Contact Details

Plot No. A, Survey No. 192,
Veraval (Shapar), Rajkot – 360 002, Gujarat
Phone: +91 98253 12701

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

Leave a Comment

Your email address will not be published. Required fields are marked *