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Indian Emulsifier IPO is a book built issue of Rs 42.39 crores. The issue is entirely a fresh issue of 32.11 lakh shares.
Indian Emulsifier IPO bidding started from May 13, 2024 and ended on May 16, 2024. The allotment for Indian Emulsifier IPO was finalized on Friday, May 17, 2024. Indian Emulsifier IPO will list on NSE SME with tentative listing date fixed as Wednesday, May 22, 2024.
Indian Emulsifier IPO price band is set at ₹125 to ₹132 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹264,000.
Ekadrisht Capital Private Limited is the book running lead manager of the Indian Emulsifier IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Indian Emulsifier IPO is Ss Corporate Securities.
Refer to Indian Emulsifier IPO RHP for detailed information.
| 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 Emulsifier IPO offers 3,211,000 shares. 610,000 (19.00%) to QIB, 460,000 (14.33%) to NII, 1,070,000 (33.32%) to RII and 910,000 (28.34%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 910,000 (28.34%) |
| Market Maker Shares Offered | 161,000 (5.01%) |
| QIB Shares Offered | 610,000 (19.00%) |
| NII (HNI) Shares Offered | 460,000 (14.33%) |
| Retail Shares Offered | 1,070,000 (33.32%) |
| Total Shares Offered | 3,211,000 (100%) |
Indian Emulsifier IPO raises Rs 12.01 crore from anchor investors. Indian Emulsifier IPO Anchor bid date is May 10, 2024. Indian Emulsifier IPO Anchor Investors list
| Bid Date | May 10, 2024 |
| Shares Offered | 910,000 |
| Anchor Portion Size (In Cr.) | 12.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 16, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 15, 2024 |
Indian Emulsifier IPO opens on May 13, 2024, and closes on May 16, 2024.
| 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 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹132,000 |
| Retail (Max) | 1 | 1000 | ₹132,000 |
| HNI (Min) | 2 | 2,000 | ₹264,000 |
| Lot Size Calculator | |||
The promoter of the company is Yash Tikekar.
| Share Holding Pre Issue | 65.25% |
| Share Holding Post Issue | 48.11% |
Incorporated in December 2020, Indian Emulsifier Limited is a manufacturer and supplier of Specialty Chemicals i.e., Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers.
The product line of the company includes the following
The Company supplies specialty chemicals to a wide range of industries, including Mining, Textile, Cleaning, PVC/Rubber, Personal Care, Food, and others.
Indian Emulsifier Limited offers over 40 speciality chemicals and intermediates for various industries such as mining, textile, cleaning, PVC/rubber, personal care, and food.
The Company is as ISO 9001:2015 certified company.
The company operates a manufacturing plant located in Ratnagiri, Maharashtra. The facility has a production capacity of 4,800 metric tons per annum, which has been increased from 2,400 MT per annum by the installation of additional reactors. The plant is equipped with process control, an innovative R&D center, quality control, and application laboratories.
The company has two warehouses one situated in Raigad, Maharashtra and the second one in Ratnagiri Maharashtra.
As of December 31, 2023, the company has 34 full-time employees, including key managerial personnel.
Indian Emulsifier Limited's revenue increased by 132.9% and profit after tax (PAT) rose by 8935.73% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,176.63 | 3,432.26 | 1,910.22 | 59.72 |
| Revenue | 4,870.16 | 4,118.35 | 1,768.31 | |
| Profit After Tax | 675.01 | 389.44 | 4.31 | -0.37 |
| Net Worth | 2,636.35 | 1,204.35 | 814.94 | 0.63 |
| Reserves and Surplus | 1,735.22 | 393.34 | 3.93 | -0.37 |
| Total Borrowing | 2,244.45 | 2,030.44 | 1,068.54 | 58.91 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Indian Emulsifier IPO is Rs 161.33 Cr.
KPI as of December 31, 2023.
| 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 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] 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. Read detail review...
The Indian Emulsifier IPO is subscribed 460.07 times on May 16, 2024 6:19:56 PM. The public issue subscribed 484.66 times in the retail category, 175.95 times in the QIB category, and 779.63 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 175.95 |
| NII | 779.63 |
| Retail | 484.66 |
| Total | 460.07 |
Total Application : 518,586 (484.66 times)
EPS has been taken as of March 31, 2023. & P/E ratio has been taken as of March 2023-2024 from The Financial Express.
Indian Emulsifier Limited
Shop 206, Foor-2, Sumer Kendra, Shivram Seth
Amrutwar Road Near Doordarshan Kendra,
Off Pandurang Budhwar Marg, Worli Mumbai-400018,
Phone: 022-4783 8021
Email: info@indianemulsifiers.com
Website: https://indianemulsifiers.com/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
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Check our SME IPO Guide 
Indian Emulsifier IPO is a SME IPO of 3,211,000 equity shares of the face value of ₹10 aggregating up to ₹42.39 Crores. The issue is priced at ₹125 to ₹132 per share. The minimum order quantity is 1000 Shares.
The IPO opens on May 13, 2024, and closes on May 16, 2024.
Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Indian Emulsifier IPO using UPI as a payment gateway. Zerodha customers can apply in Indian Emulsifier IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indian Emulsifier IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indian Emulsifier IPO opens on May 13, 2024 and closes on May 16, 2024.
Indian Emulsifier IPO lot size is 1000 Shares, and the minimum amount required is ₹132,000.
You can apply in Indian Emulsifier IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Indian Emulsifier IPO will be done on Friday, May 17, 2024, and the allotted shares will be credited to your demat account by Tuesday, May 21, 2024. Check the Indian Emulsifier IPO allotment status.
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