Indian Emulsifier IPO
The initial public offering (IPO) of Indian Emulsifier will open for subscription on May 13 and close on May 16, comprising fresh issues of Rs.42.39 Crore. An investor can apply for the issue for a minimum of 1000 shares and the listing will happen on May 22, 2024.
#1. Quick Intro to Indian Emulsifier
Indian Emulsifier Limited (2020) is engaged in the Manufacturing and Supplying of Specialty Chemicals i.e., Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The Company has its manufacturing plant at Plot No. E-10 MIDC, Lote Parshuram, Tal. Khed, Ratnagiri 415 722, Maharashtra, India since inception. The facility has a production capacity of 4,800 metric tons per annum as of March 31, 2023 and 3,600 MT per annum for the period ending December 31, 2023, and is equipped with process control, an innovative R&D centre, Quality Control and Application Laboratories.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Indian Emulsifier
The company intends to use the IPO Funds for the following purposes:
- Capital Investment towards the installation of additional machinery
- To meet the working capital requirement of the company
- General corporate purposes and issue expenses.
#3. Indian Emulsifier Core Strengths
- Scaleable business model
- A wide and diverse range of product offerings
- Experienced promoters and management team
#4. Indian Emulsifier IPO Review & Rating
| Issue Size | Rs.42.39 Crore |
| Issue Price | Rs.125-132 per share |
| Minimum Lot Size | 1000 Shares |
| Total Profit (Latest) | Rs.675.01 Lakhs |
| ROE | 25.61% |
| ROCE (%) | 38.03% |
| Listing on | NSE SME |
| IPO Deliver Rating | Three |
#5. Indian Emulsifier IPO Dates, Price Band & Details
Indian Emulsifier IPO will open on May 13, 2024, and close on May 16, 2024. The IPO is to be listed on May 22, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.42.39 Crore |
| Price Brand | Rs.125-132 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | May 13, 2024 |
| IPO Close Date | May 16, 2024 |
| IPO Allotment Date | May 17, 2024 |
| Refund Date | May 20, 2024 |
| Share Credit Date | May 20, 2024 |
| Listing Date | May 22, 2024 |
#6. Indian Emulsifier IPO Offer Details
Indian Emulsifier IPO’s total issue size is 32,11,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 32,11,000 | 42.39 |
| Offer for Sale (OFS) | – | – |
#7. Indian Emulsifier Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period December 31, 2023, March 31, 2023 and March 31, 2022.
| Category (Rs.) | Dec 31, 2023 | March 31, 2023 | March 31, 2022 |
| Total Revenue | 4870.16 | 4118.35 | 1768.31 |
| Net Worth | 2636.35 | 1204.35 | 814.94 |
| Profit | 675.01 | 389.44 | 4.31 |
| Total Borrowings | 2244.45 | 2030.44 | 1068.54 |
#8. Indian Emulsifier Quantitative Factors
The following table sets forth the summary of financial information of the company for the period December 31, 2023, 2023, March 31, 2023 and March 31, 2022.
| Category | Dec 31, 2023 | March 31, 2023 | March 31, 2022 |
| EPS (Rs.) | 10.40 | 6.48 | 0.07 |
| RoNW (%) | 25.60 | 32.34 | 0.53 |
| NAV (Rs.) | 29.26 | 14.85 | 10.05 |
#9. Indian Emulsifier Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | EPS(Rs.) |
| Fine Organic Indust. | – | 38.80 | 192.63 |
| Fineotex Chemicals | – | 19.30 | 4.70 |
#10. Indian Emulsifier Company Promoters
The company has one promoter as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Yash Tikekar |
| 02. | – |
#11. Indian Emulsifier Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 65.25 |
| Post-issue | – |
#12. Indian Emulsifier IPO Reservation Details
Indian Emulsifier IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
#13. Indian Emulsifier IPO – Lot Size
An investor can apply for a minimum of 1000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1000 | 1,32,000 |
| Retail (Max.) | 1 | 1000 | 1,32,000 |
| HNI (Min.) | 2 | 2000 | 2,64,000 |
#14. Indian Emulsifier IPO – Prospectus Copy
An investor can download/view the Indian Emulsifier prospectus copy, which the company filed to exchange, details are as follows.
| Indian Emulsifier IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Indian Emulsifier IPO Registrar
Maashitla Securities Private Limited
Website: www.maashitla.com
#16. Indian Emulsifier IPO Lead Managers
Ekadrisht Capital Private Limited
Website; www.ekadrisht.com
#17. Indian Emulsifier IPO Application (How to Apply for an IPO)
There are three primary options for applying for an Indian Emulsifier IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Indian Emulsifier Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Indian Emulsifier Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Indian Emulsifier Company Details
Indian Emulsifier Limited
Registered Office: Shop -206, Floor-2, Sumer Kendra, Shivram Seth Amrutwar Road, Near Doordarshan Kendra, Off Pandurang Budhwar Marg, Worli, Mumbai-400018
Email: info@indianemusifiers.com
Website: www.indianemusifiers.com
Investor Grievances/Compliance Officer: Ram Raj Thakur
#19. Indian Emulsifier Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Indian Emulsifier Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Yash Tikekar |
| 02. | Abhay Tikekar |
Indian Emulsifier IPO – Frequently Asked Questions (FAQs)
| #1. What is an Indian Emulsifier IPO?
Indian Emulsifier brings its IPO of Rs. 42.39 Crore, on May 13, 2024, with a price band of Rs.125-132 per share. |
| #2. What is the Indian Emulsifier IPO Open date?
Indian Emulsifier IPO’s opening date is May 13, 2024. |
| #3. What is the Indian Emulsifier IPO Close Date?
Indian Emulsifier IPO’s closing date is May 16, 2024. |
| #4. What is the Indian Emulsifier IPO Listing date?
Indian Emulsifier’s IPO listing date is May 22, 2024. |
| #5. What is the Indian Emulsifier IPO Minimum investment amount?
Indian Emulsifier IPO’s minimum investment amount is Rs. 1,32,000. |
| #6. What is the Indian Emulsifier IPO offer issue Size?
Indian Emulsifier offers an issue size of Rs.42.39 Crore. |
| #7. What is the Indian Emulsifier IPO Price Band?
Indian Emulsifier’s IPO price band is Rs.125-132 per share. |
| #8. Is Indian Emulsifier IPO mainboard IPO or SME IPO?
Indian Emulsifier IPO is an SME IPO. |
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