Indian Emulsifier is scheduled to hit the market on May 13, 2024 and close on May 16, 2024. Indian Emulsifier plans to raise around ₹42.39 Cr through an IPO with a sale of up to 3,211,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%
Indian Emulsifier Limited, established in December 2020, specializes in manufacturing and supplying a variety of specialty chemicals such as Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The company caters to diverse industries like Mining, Textile, Cleaning, PVC/Rubber, Personal Care, Food, and more. With over 40 specialty chemicals and intermediates in its product line, Indian Emulsifier Limited is ISO 9001:2015 certified, ensuring quality standards in its operations.
Located in Ratnagiri, Maharashtra, the company's manufacturing plant boasts a production capacity of 4,800 metric tons per annum, recently expanded from 2,400 MT per annum through the addition of extra reactors. Equipped with advanced facilities like process control, an R&D center, quality control, and application laboratories, Indian Emulsifier Limited also operates two warehouses in Raigad and Ratnagiri, Maharashtra. As of December 31, 2023, the company employs 34 full-time staff members, including key managerial personnel, to drive its operations forward.
Indian Emulsifier IPO Details
Indian Emulsifier IPO opens on May 13, 2024, and closes on May 16, 2024. The Listing date for Indian Emulsifier IPO is on May 22, 2024. The price band for IPO is ₹125 to ₹132 per share and lot size of 1000 Shares.
| IPO Date | May 10, 2024 to May 16, 2024 |
| Listing Date | May 22, 2024 |
| Price | ₹125 to ₹132 per share |
| Lot Size | 1000 Shares |
| Issue Size | ₹42.39 Cr |
| Face Value | ₹10 per share |
Indian Emulsifier IPO Tentative Timetable
Indian Emulsifier opening date is May 13, 2024 and close date is May 16, 2024. The IPO allotment date is May 17, 2024. The refund initiation of IPO is on May 21, 2024. The credit of shares in demat account is on May 21, 2024. The listing date is on May 22, 2024.
| Event | Date |
|---|---|
| IPO Opening | May 13, 2024 |
| IPO Closing | May 16, 2024 |
| IPO Allotment Date | May 17, 2024 |
| Refund Initiation | May 21, 2024 |
| Shares Credit to Demat | May 21, 2024 |
| Lisiting Date | May 22, 2024 |
Indian Emulsifier IPO Lot Size
Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹132,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1000 | ₹132,000 |
| Retail(Maximum) | 1 | 1000 | ₹132,000 |
| HNI (Minimum) | 2 | 2000 | ₹264,000 |
Indian Emulsifier IPO Promoter Holding
| Pre Issue Share Holding | 65.25% |
| Post Issue Share Holding | 48.11% |
Indian Emulsifier IPO Review
Indian Emulsifier Ltd. (IEL) is all set to launch its maiden book-building route IPO, aiming to mobilize Rs. 42.39 crore at the upper cap through the issuance of 3,211,000 equity shares. The price band is set between Rs. 125 to Rs. 132 per share, with a minimum application of 1,000 shares. Post allotment, the shares will be listed on NSE SME Emerge, constituting 26.27% of the post-IPO paid-up capital. The company plans to utilize the funds for capex, working capital, and general corporate purposes, showcasing a strategic allocation plan.
In terms of financial performance, IEL has shown promising growth with a positive trend in its top and bottom lines over the reported periods. However, it's essential to note that the speciality chemical segment is not currently in favor among investors. With an average EPS of Rs. 3.26 and an RoNW of 6.57% for the last three fiscals, the issue's pricing at a P/BV of 4.51 based on NAV as of December 31, 2023, indicates a fully priced offering. Potential investors should carefully consider these factors before making an investment decision.
Furthermore, comparing IEL with its listed peers such as Fine Organic and Fineotex Chemicals reveals varying P/E ratios, showing that direct comparisons may not be straightforward. The company's dividend policy, track record of the merchant bankers involved, and the overall market sentiment towards the speciality chemical sector are crucial aspects to consider. While well-informed investors may find value in parking moderate funds for the long term, thorough research and analysis are recommended before participating in this IPO.
Indian Emulsifier IPO Subscription Status (Bidding Details)
Table not foundIndian Emulsifier IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Indian Emulsifier IPO FAQs
What is Indian Emulsifier IPO?
Indian Emulsifier is issuing 3,211,000 equity shares with a face value of 10 each, totaling up to ₹42.39 Cr. The shares are being offered at a price of ₹125 to ₹132 each, with a minimum order quantity of 1000 shares.
Maashitla Securities Private Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Indian Emulsifier IPO will open?
Indian Emulsifier will open on May 13, 2024 for QIB, NII, and Retail Investors.
When Indian Emulsifier IPO will end?
Indian Emulsifier will end on May 16, 2024.
What is Indian Emulsifier IPO Size?
Indian Emulsifier IPO size is ₹42.39 Cr.
What is Indian Emulsifier IPO Price Band?
Indian Emulsifier price band is ₹125 to ₹132 per share.
What is the Indian Emulsifier IPO Allotment Date?
Indian Emulsifier allotment date is May 17, 2024.
What is the Indian Emulsifier IPO Listing Date?
Indian Emulsifier listing date is May 22, 2024. The IPO is to be listed on BSE and NSE.
How to Indian Emulsifier IPO through Zerodha?
To apply for the IPO “Indian Emulsifier” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Indian Emulsifier IPO through Upstox?
To apply for the IPO “Indian Emulsifier” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Indian Emulsifier IPO Allotment Status?
For Indian Emulsifier IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Indian Emulsifier IPO GMP?
You can check out here: Indian Emulsifier IPO GMP