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 | 1,000 Shares |
| Total Issue Size | 32,11,000 shares (aggregating up to ₹ 42.39 Cr) |
| Fresh Issue | 32,11,000 shares (aggregating up to ₹ 42.39 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 90,11,222 |
| Share holding post issue | 1,22,22,222 |
| Market Maker portion | 1,61,000 shares Ss Corporate Securities |
About 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.
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.
Indian Emulsifiers Limited IPO Financial Information
Latest Revenue
4,870.16
₹ Crore
Profit After Tax
675.01
₹ Crore
Net Worth
2,636.35
₹ Crore
Total Borrowing
2,244.45
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | 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 | |||||||||
Indian Emulsifiers Limited 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 |
Frequently Asked Questions
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Competitive Strengths
Indian Emulsifiers Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹132,000 |
| Retail (Max) | 1 | 1000 | ₹132,000 |
| HNI (Min) | 2 | 2,000 | ₹264,000 |