What you must know about Indian Emulsifier IPO?
by 5paisa Research Team
07 May 2024
Indian Emulsifiers IPO Details
- Open Date 13-May-24
- Close Date 16-May-24
- Lot Size 1000
- IPO Size ₹ 42.39 Cr
- IPO Price Range ₹ 125 to ₹ 132
- Min Investment ₹ 125,000
- Listing Exchange NSE SME
- Basis of Allotment 17-May-24
- Refunds 20-May-24
- Credit to Demat Account 20-May-24
- Listing Date 22-May-24
Indian Emulsifiers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 13-May-24 | 0.04 | 6.96 | 14.39 | 8.71 |
| 14-May-24 | 0.14 | 29.01 | 62.87 | 37.71 |
| 15-May-24 | 0.47 | 96.82 | 176.25 | 109.07 |
| 16-May-24 | 175.95 | 779.63 | 484.66 | 460.07 |
Indian Emulsifiers IPO Synopsis
Last Updated: 16th May, 2024 by 5paisa
Indian Emulsifier Limited IPO is all set to open from 13th May to 16th May 2024. The company operates in the Specialty Chemicals industry. The IPO includes a fresh issue of 3,211,000 shares worth ₹42.39 cr. The share allotment date is 17th May 2024, and the IPO will be listed on 22nd May 2024 on the stock exchanges. The price band is ₹125 to ₹132 and the lot size is 1000 shares.
Ekadrisht Capital Private Limited is the book-running lead manager for this IPO, while Maashitla Securities Private Limited is the registrar.
Objectives of Indian Emulsifier IPO
Indian Emulsifier Limited plans to utilize the raised capital from the IPO to:
● To meet the working expenditure requirement for Plant & Machinery, Civil work and installation cost, etc.
● To meet the working Capital requirement.
● General Corporate Purposes.
Indian Emulsifier IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 42.39 |
| Offer for sale | - |
| Fresh issue | 42.39 |
Indian Emulsifier IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹132,000 |
| Retail (Max) | 1 | 1000 | ₹132,000 |
| HNI (Min) | 2 | 2000 | ₹264,000 |
Indian Emulsifier IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| Anchor Allocation | 1 | 9,10,000 | 9,10,000 | 12.01 |
| QIB | 175.95 | 6,10,000 | 10,73,29,000 | 1,416.74 |
| NII (HNI) | 779.63 | 4,60,000 | 35,86,32,000 | 4,733.94 |
| Retail | 484.66 | 10,70,000 | 51,85,86,000 | 6,845.34 |
| Total | 460.07 | 21,40,000 | 98,45,47,000 | 12,996.02 |
Indian Emulsifier IPO Anchor Allocation
| Anchor Bid Date | 10 May, 2024 |
| Total no. of shares offered | 910,000 |
| Portion Size for Anchor Investors | 12.01 Cr. |
| Lock in Period for 50% shares (30 days) | 16 June, 2024 |
| Lock in Period for rest of shares (90 days) | 15 August, 2024 |
About Indian Emulsifiers
Established in 2020, Indian Emulsifier operates in the Specialty Chemicals industry. Based in Maharashtra, the company produces and supplies Specialty Chemicals like Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. These are used in various industries including, Mining, Textile, Cleaning Industry, PVC (Poly Vinyl Chloride)/ Rubber, Personal Care, Food and Other Industries.
Indian Emulsifier’s manufacturing units have a 4,800 metric tons per annum capacity as of March 2023 and 3,600 MT annually as of December 2023. It also has ISO 9001:2015 certificate for quality.
Peer Comparison
● Fine Organic Industries Limited
● Fineotex Chemical Limited
For More Information:
Webstory on Indian Emulsifier IPO
Indian Emulsifiers Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue from operations | 46.87 | 41.17 | 17.68 |
| EBITDA | 11.19 | 7.86 | 0.79 |
| PAT | 6.75 | 3.89 | 0.04 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 61.76 | 34.32 | 19.10 |
| Share Capital | 9.01 | 8.11 | 8.11 |
| Total Borrowings | 35.40 | 22.27 | 10.95 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -6.13 | 0.19 | -5.76 |
| Net cash from / (used in) investing activities | -1.35 | -0.18 | -2.34 |
| Net cash flow from / (used in) financing activities | 7.56 | 0.00 | 8.10 |
| Net increase (decrease) in cash and cash equivalents | 0.072 | 0.0005 | -0.0088 |
Indian Emulsifiers IPO Key Points
-
Strengths
1. The company has a scalable Business Model.
2. It has 40 plus Specialty Chemicals & Intermediates products.
3. The company has an in-house manufacturing facility with equipped machines and processes.
4. The company also maintains high quality.
5. Experienced Promoters and management team.
-
Risks
1. The manufacturing process involves the use of hazardous and flammable industrial chemicals.
2. High working capital requirements.
3. It is subject to strict quality requirements.
4. It operates in a highly competitive industry.
5. It has reported negative cash flow in the past.
Indian Emulsifiers
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Indian Emulsifiers IPO FAQs
When does Indian Emulsifier IPO opens and closes?
Indian Emulsifier IPO opens from 13th May to 16th May 2024.
What is the size of the Indian Emulsifier IPO?
The size of Indian Emulsifier IPO is ₹42.39 cr.
How to apply for the Indian Emulsifier IPO?
To apply for Indian Emulsifier IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Indian Emulsifier IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Indian Emulsifier IPO?
The price band of Indian Emulsifier IPO is fixed at ₹125 to ₹132 per share.
What is the minimum lot size and investment required for the Indian Emulsifier IPO?
The minimum lot size of Indian Emulsifier IPO is 1000 shares and the investment required is ₹1,25,000.
What is the allotment date of the Indian Emulsifier IPO?
The share allotment date of Indian Emulsifier IPO is 17th May 2024.
What is the Indian Emulsifier IPO listing date?
The Indian Emulsifier IPO will be listed on 22nd May 2024.
Who are the book runners for the Indian Emulsifier IPO?
Ekadrisht Capital Private Limited is the book-running lead manager for Indian Emulsifier IPO.
What is the objective of the issue?
Indian Emulsifier plans to utilize the raised capital from the IPO to:
● To meet the working expenditure requirement for Plant & Machinery, Civil work and installation cost, etc.
● To meet the working Capital requirement.
● General Corporate Purposes.
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