Indian Emulsifier IPO will open for subscription from 13 May 2024. The company aims for an issue size of ₹42.39 Cr through this IPO.
Company Overview
| Full name | Indian Emulsifier Limited |
| Sector | Chemicals |
| Industry | Chemicals |
| Company Website | https://indianemulsifiers.com/ |
About Company
Indian Emulsifiers was established to manufacture and supply specialty chemicals, including esters, amphoterics, phosphate esters, imidazolines, wax emulsions, and SMO & PIBSA emulsifiers. The company provides specialty chemicals to a broad array of industries, such as mining, textiles, cleaning, PVC and rubber, personal care, food, and more.
Since its inception, the company has maintained its manufacturing plant in Ratnagiri, Maharashtra. As of 31 March 2023, the facility has a production capacity of 4,800 metric tons per annum, which was 3,600 metric tons per annum for the period ended 31 December 2023. The plant is equipped with process control, an advanced R&D center, quality control, and application laboratories.
Indian Emulsifiers operates two warehouses, one located in Raigad, Maharashtra, and the other in Ratnagiri, Maharashtra. As of 31 December 2023, the company employs 34 full-time staff members, including key managerial personnel.
The Objectives of the Issue
- 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 IPO Timetable
| IPO Opening date | 13 May 2024 |
| IPO Closing | 16 May 2024 |
| Basis of Allotment | 17 May 2024 |
| Initiation Refund | 21 May 2024 |
| Credit to Demat Account | 21 May 2024 |
| Listing Date | 22 May 2024 |
Indian Emulsifier IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹42.39 Cr – 3,211,000 shares |
| Fresh Issue | ₹42.39 Cr – 3,211,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹125 to ₹132 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 161,000 shares |
| Shareholding pre-issue | 9,011,222 |
| Shareholding post-issue | 12,222,222 |
| Listing Exchange | NSE SME |
Indian Emulsifier 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 Emulsifier Offer Documents
Indian Emulsifier IPO Reservation Details
| 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 Emulsifier Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | – | 17.68 | 41.18 | 48.67 |
| Expenses | (0.004) | 17.56 | 36.55 | 40.56 |
| Net income | (0.004) | 0.04 | 3.89 | 6.75 |
Indian Emulsifier Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (0.00) | 0.05 | 4.80 |
| PE ratio | – | – | 26.04 – 27.50 |
| RONW (%) | (58.65) | 0.53 | 32.34 |
| NAV | 6.30 | 10.05 | 14.85 |
| ROCE (%) | (58.65) | 7.19 | 55.50 |
| EBITDA (%) | – | 4.50 | 19.09 |
| Debt/Equity | – | 0.94 | 0.97 |
Company Promoters
- Yash Tikekar
Promoter Holding
| Pre Issue Share Holding | 65.25% |
| Post Issue Share Holding | 48.11% |
Indian Emulsifier Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 21 May 2024 | 235 | – | 1,93,000 |
| 20 May 2024 | 235 | – | 1,93,000 |
| 18 May 2024 | 235 | – | 1,93,000 |
| 17 May 2024 | 227 | – | 1,76,000 |
| 16 May 2024 | 200 | – | 1,51,000 |
| 15 May 2024 | 175 | – | 1,35,000 |
| 14 May 2024 | 175 | – | 1,35,000 |
| 13 May 2024 | 180 | – | 1,35,000 |
| 11 May 2024 | 200 | – | 1,50,000 |
| 10 May 2024 | 180 | – | 1,50,000 |
| 9 May 2024 | 175 | – | 1,40,000 |
| 8 May 2024 | 155 | – | 1,32,000 |
| 7 May 2024 | 125 | – | 1,10,000 |
Indian Emulsifier IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 6,10,000 | 4,60,000 | 10,70,000 | 21,40,000 |
| 16 May 2024 | 175.95 | 779.97 | 484.54 | 460.08 |
| 15 May 2024 | 0.47 | 96.81 | 173.74 | 107.81 |
| 14 May 2024 | 0.14 | 29.21 | 61.60 | 37.12 |
| 13 May 2024 | 0.04 | 6.41 | 11.54 | 7.16 |
Indian Emulsifier IPO Allotment Status
Indian Emulsifiers IPO allotment status is now available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Indian Emulsifier IPO Listing Details
| Listing Date | 22 May 2024 |
| BSE Scrip Code | – |
| NSE Symbol | IEML |
| ISIN | INE0RRU01016 |
| Final Issue Price | ₹132 per share |
Indian Emulsifier IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹132.00 |
| Open | ₹430.00 |
| Low | ₹410.00 |
| High | ₹451.50 |
| Last Trade | ₹451.50 |
Indian Emulsifier IPO Lead Manager(s)
EKADRISHT CAPITAL PRIVATE LIMITED
1102, Summitt Business Bay, Chakala, Andheri Kurla Road,
Andheri East Chakala MIDC, Mumbai, 400 093, Maharashtra
Phone: +91 89286 31037
Email: krunal@ekadrisht.com
Website: www.ekadrisht.com
Indian Emulsifier Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Indian Emulsifier Contact Details
INDIAN EMULSIFIERS LIMITED
Shop 206, Foor-2, Sumer Kendra, Shivram Seth Amrutwar Road,
Near Doordarshan Kendra, Off Pandurang Budhwar Marg,
Worli 400 018, Mumbai, Maharashtra, India
Phone: 022-4783 8021
E-mail: info@indianemulsifiers.com
Website: www.indianemulsifiers.com
Indian Emulsifier IPO FAQs
What is the Indian Emulsifiers offer size?
Indian Emulsifiers’ offer size is ₹40.14 – ₹42.39 crores.
What is the Indian Emulsifiers offer price band?
Indian Emulsifiers’ public offer price is ₹ 125 – ₹ 132 per share.
What is the lot size of the Indian Emulsifiers IPO?
Indian Emulsifiers offer lot size is 1,000 shares.
What is Indian Emulsifiers IPO GMP today?
Indian Emulsifiers IPO GMP today is ₹ 235 per share.
What is the Indian Emulsifiers kostak rate today?
Indian Emulsifiers kostak rate today is ₹ NA per application.
What are Indian Emulsifiers Subject to the Sauda rate today?
Indian Emulsifiers are Subject to the Sauda rate today is ₹ 1,93,000 per application.
Final thoughts
Indian Emulsifier IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
