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  • 02 May, 2024

Indian Emulsifiers Limited IPO


Indian Emulsifiers manufacturers, supplies and markets a diverse range of speciality chemicals to industries such as Food, Cosmetic, Pharmaceutical, Personal care, Home care, Institutional & Industrial Cleaning, Metal Cleaning, Metal Working, Lubricants, Textiles, Mining, Oilfields, Agriculture and Paint & Pigments. Indian Emulsifiers core team has over 30 years of rich and unparalleled experience in the chemical industry each making Indian Emulsifiers a pioneer and leading manufacturer of speciality chemicals. The company has set up a state of art manufacturing facility at MIDC LOTE. The facility is located 225 km from the country’s financial hub Mumbai on the west coast of India. The proximity to Mumbai and its ports makes it an ideal location.

The facility has a production capacity of 6000 metric tons per annum, equipped with computerized process control, an innovative R&D center, Quality Control and Application Laboratories. Operations at the facility are managed by an able and motivated team of highly qualified technical personnel, having expertise in their individual fields. Indian Emulsifiers IPO is a book built issue of Rs 42.39 crores. The issue is entirely a fresh issue of 32.11 lakh shares. Indian Emulsifiers IPO price band is set at ₹125 to ₹132 per share. The minimum lot size for an application is 1000 Shares. Ekadrisht Capital Private Limited is the book running lead manager of the Indian Emulsifiers IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Indian Emulsifiers IPO is Ss Corporate Securities. 

Indian Emulsifiers Limited IPO

WHAT IS GMP?

GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.

A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.

Indian Emulsifiers Limited IPO GMP

GMP Date IPO Price GMP Last Updated
- - - -

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**


Indian Emulsifiers Limited IPO Details

Detail Description
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
Share holding pre issue 9,011,222
Share holding post issue 12,222,222
Market Maker portion 161,000 shares Ss Corporate Securities

Indian Emulsifiers Limited IPO Timeline

Detail Description
IPO Open Date Monday, May 13, 2024
IPO Close Date Thursday, May 16, 2024
Basis of Allotment Friday, May 17, 2024
Initiation of Refunds Tuesday, May 21, 2024
Credit of Shares to Demat Tuesday, May 21, 2024
Listing Date Wednesday, May 22, 2024
Cut-off time for UPI mandate confirmation 5 PM on May 16, 2024

Indian Emulsifiers Limited 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 Emulsifiers Limited IPO Promoter Holding

Share Holding Pre Issue Share Holding Post Issue
Share Holding Pre Issue 65.25%
Share Holding Post Issue 48.11%


Competitive Strength:

  • -

Indian Emulsifiers Limited IPO Financial Information

Period Ended Assets Total Income Profit After Tax Net Worth Reserves and Surplus Total Borrowing
31 Dec 2023 6,176.63 4,870.16 675.01 2,636.35 - 2,244.45
31 Mar 2023 3,432.26 4,118.35 389.44 1,204.35 - 2,030.44
31 Mar 2022 1,910.22 1,768.31 4.31 814.94 - 1,068.54
31 Mar 2021 59.72 - -0.37 0.63 - 58.91
Amount in ₹ Crore

Key Performance Indicator

KPI Values
ROE 25.61%
ROCE 38.03%
Debt/Equity 0.51
RoNW 25.60%
P/BV 4.51
PAT Margin (%) 13.87
Pre IPO Post IPO
EPS (Rs) 4.32 7.36
P/E (x) 30.54 17.93

Objectives of Indian Emulsifiers IPO

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:

  • 1. Funding of capital expenditure requirements of the Company towards Plant & Machinery, Civil work and installation cost thereon.
  • 2. Funding Working Capital Requirements of our Company.
  • 3. General corporate purposes.
Indian Emulsifiers IPO Review

The company is engaged in the speciality chemical segment which is currently not witnessing any fancy. The company has posted growth in its top and bottom lines for the reported periods. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the long term.



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Frequently Asked Questions (FAQs)

  • What Is The Size Of The Indian Emulsifiers IPO?

    The offer size of Indian Emulsifiers Limited is INR 42.39 crores, consisting of a fresh issue of 35,00,000 shares. The company seeks funds for capital expenditure, working capital and general corporate purposes.

  • What Is The Price Band Of The Indian Emulsifiers IPO?

    The price band of the issue is INR 125-132 per share.

  • What are the open and close dates for Indian Emulsifiers Ltd IPO?

    Indian Emulsifiers Ltd IPO Opens for subscription from 13-May-2024 to 16-May-2024.

  • What is the lot size and minimum order quantity of the Indian Emulsifiers Ltd IPO?

    The lot size of Indian Emulsifiers Ltd is 1000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots.

  • What are the allotment dates for the Indian Emulsifiers Ltd IPO?

    Allotment date for Indian Emulsifiers Ltd is 17-May-2024 and refund of application amount (in case allotment is not received) will begin from 21-May-2024. If your allotment goes through, then shares will be credited in your Demat account by 21-May-2024.

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