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Indian Emulsifier Limited IPO (Indian Emulsifier IPO) Detail

May 13, 2024 - May 16, 2024

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. The shares got listed on NSE SME on 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.

Indian Emulsifier IPO Details

IPO Date May 13, 2024 to May 16, 2024
Listing Date May 22, 2024
Face Value ₹10 per share
Price Band ₹125 to ₹132 per share
Lot Size 1000 Shares
Total Issue Size3,211,000 shares
(aggregating up to ₹42.39 Cr)
Fresh Issue3,211,000 shares
(aggregating up to ₹42.39 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue9,011,222
Share holding post issue12,222,222
Market Maker portion161,000 shares
Ss Corporate Securities

Indian Emulsifier IPO Reservation

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 Offered910,000 (28.34%)
Market Maker Shares Offered161,000 (5.01%)
QIB Shares Offered610,000 (19.00%)
NII (HNI) Shares Offered460,000 (14.33%)
Retail Shares Offered1,070,000 (33.32%)
Total Shares Offered3,211,000 (100%)

Indian Emulsifier IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Indian Emulsifier IPO Lot Size

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

Indian Emulsifier IPO Promoter Holding

The promoter of the company is Yash Tikekar.

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

About Indian Emulsifier Limited

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

  1. Esters
  2. Amphoteric
  3. Phosphate esters
  4. Imidazolines
  5. Wax emulsions
  6. SMO & PIBSA Emulsifiers

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 Financial Information (Restated Standalone)

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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,176.633,432.261,910.2259.72
Revenue4,870.164,118.351,768.31
Profit After Tax675.01389.444.31-0.37
Net Worth2,636.351,204.35814.940.63
Reserves and Surplus1,735.22393.343.93-0.37
Total Borrowing2,244.452,030.441,068.5458.91
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Indian Emulsifier IPO is Rs 161.33 Cr.

KPI as of December 31, 2023.

KPI Values
ROE25.61%
ROCE38.03%
Debt/Equity0.51
RoNW25.60%
P/BV4.51
PAT Margin (%)13.87
Pre IPO Post IPO
EPS (Rs) 4.327.36
P/E (x) 30.5417.93
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.

Objects of the Issue (Indian Emulsifier IPO Objectives)

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

  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 Emulsifier IPO Review (May apply)

[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...


Indian Emulsifier IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB175.95
NII779.63
Retail484.66
Total460.07

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 IPO Prospectus

Indian Emulsifier IPO Rating

5
2.6
Rating:Rated 2.6 stars
Vote Here ...

Indian Emulsifier IPO Listing Details

Listing Date May 22, 2024
BSE Script Code
NSE Symbol IEML
ISIN INE0RRU01016
Final Issue Price ₹132 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹132.00
₹430.00
₹410.00
₹451.50
₹451.50

Check IPO Performance…

Indian Emulsifier Limited Contact Details

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/

Indian Emulsifier IPO Registrar

Maashitla Securities Private Limited

Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues

Indian Emulsifier IPO - Buy or Not

Indian Emulsifier IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 1 0 0

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Indian Emulsifier IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Indian Emulsifier IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Indian Emulsifier IPO listing date is on May 22, 2024.
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Indian Emulsifier IPO Message Board

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313 Comments

129. MuStrFc |   Link |  Bookmark |June 10, 2024 1:31:36 AM
IPO Guru IPO Guru (3000+ Posts, 2400+ Likes)
It could have closed on 18th, one extra day always brings up the fact that this is done to ensure that the issue gets subscribed fully because maybe there is not enough backing up available with the company.
128. SaurabhJogi |   Link |  Bookmark |June 5, 2024 9:29:30 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
Flippers sold today❤️
127. SaurabhJogi |   Link |  Bookmark |June 5, 2024 11:44:21 AM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
Added more today to avg down my buy price!
I hope soon the stable govt comes and mkt becomes stable
126. SaurabhJogi |   Link |  Bookmark |June 3, 2024 3:57:25 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
Due to profit booking it is going down!
I added few more lots at lc today👍
126.1. Sweetypandya |   Link |  Bookmark |June 3, 2024 8:42:43 PM
OK sir. but what's the next target? Or how long I can hold (time period)?? I bought 2000 share on 440rs.
126.2. Simply Vicky |   Link |  Bookmark |June 4, 2024 9:46:19 AM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
@Sweetypandya You may add one more lot if it goes below rs.250. It will fetch good return in long term.
125. Ipoaspire |   Link |  Bookmark |May 30, 2024 10:34:50 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Retailers be careful..as some surveys are telling no govt will get clear majority,if it is so,there will be huge correction and no wonder if this is available at 100 rs .so wait and enter .
125.1. Simply Vicky |   Link |  Bookmark |May 31, 2024 7:10:46 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
Exit poll data will be released tommorrow after 5 pm. How can we predict this?? Kindly guide@Ipoaspire
125.2. Simply Vicky |   Link |  Bookmark |May 31, 2024 7:11:45 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
Plz read tommorrow as 1 june 2024
124. Simply Vicky |   Link |  Bookmark |May 29, 2024 6:00:58 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
I am eagerly waiting for its revival as next bondada as some body predicted...i can't see it falling like coconut🤔🤔🤔
123. Bikku Ji |   Link |  Bookmark |May 29, 2024 5:53:11 PM
Respected members please suggest
Where to get the bulk deal for the day?
122. SaurabhJogi |   Link |  Bookmark |May 28, 2024 10:46:17 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
📌Bulk buyers and PRE-IPO investors in INDIAN EMULSIFIER ltd 🔥:-
➢SELVAMURTHY AKILANDESWARI (M Ravichandran sir✅) Bought 62,000 shares(avg Rs.426)

➢ANKUSH KEDIA✅ Bought 73,000 shares (avg Rs.440)
➢ARUNA R JAIN✅ Bought 2,00,000 shares(avg Rs. 450)

📌Some of the PRE-IPO investors🔥🔥:-
▪️Comercinate Enterprises Pvt ltd : 2,88,000 shares
( Directors holds ~120Cr worth shares in MESON VALVES INDIA LTD✅)😮

▪️Gunavanth Vaid ji: 2,56,000 shares🔥 (2.84% of the company)
▪️Manickam Ravichandran sir: 36,000 shares
▪️Manoj Agarwal (holds ~450Cr worth shares✅) : 1,10,000 shares
▪️Dr. Prashant Mishra: 12,000 shares
and many more..
( if i have missed any famous personality, pls mention in the comment)

📌📌 ➡️ ➡️
▪️Incorporated in 2020, Indian Emulsifier Ltd✅ is a manufacturer and supplier of Specialty Chemicals. The product line of the company includes the following:- Esters, Amphoteric, Phosphate esters, Imidazolines, Wax emulsions, SMO & PIBSA Emulsifiers. 💫

▪️Indian Emulsifier Ltd offers over 40+ speciality chemicals and intermediates for various industries such as MINING✅, oilfields, cleaning, PVC/rubber, personal care, textile, and food.🚀

▪️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.

▪️Plant has multiple high-pressure stainless-steel reactors equipped to deliver yields from 100 Kg to 8,000 kg per batch providing high level of flexibility. The facility can carry out reactions at temperatures ranging from 10 C to 250 C and pressure 5 kg to 8kg/cm, the reactors are equipped with condenser, vacuum arrangement and receiver and high speed stirred reactor.🔥

📍CAPACITY UTILIZATION:- 70%✅

📌📌
▪️IPO price: Rs.132
▪️IPO size:42.39 Cr (excluding anchor size is: 30.38Cr)
▪️CMP: Rs.390
▪️Market cap: 475Cr
▪️P/E: 50✅
▪️ROE: 25.61%
▪️ROCE: 38.03%
▪️RoNW: 25.60%
▪️Employees: 34 full time
▪️Debt/Equity:0.51
▪️Assets: 61.76Cr
▪️Total Borrowing: 22.44Cr (Reserves and Surplus:17.35Cr)
▪️Share Holding Pre Issue: 65.25%
▪️Share Holding Post Issue: 48.11%

📌FINANCIALS:
▪️FY24-9M Rev: 48.7Cr🔥
▪️FY24-9M PAT: 6.75Cr🔥
▪️FY23 revenue is 41.18Cr as compared to 17.68 Cr(FY22), 133%✅ growth yoy.
▪️FY23 PAT is 3.9 Cr as compared to 0.0431 Cr(FY22), 8950 %✅ growth yoy.
▪️268%🔥 growth in revenue in last 2 years.
▪️20260%🔥 growth in PAT in last 2 years.

(PAT margins of 0.24% (FY22), 9.46% (FY23), 13.87% (9M-FY24)✅)

📌Revenue Projection:-🔥
(based on available information, sector growth, investor chatter and channel checks)

▪️FY24:- Rev: 75Cr✅ and PAT: 10Cr✅
▪️FY25:- Rev: 148 Cr+ and PAT: 20.5 Cr+
▪️FY26:- Rev: 222 Cr+ and PAT: 31.15 Cr+🔥
▪️FY27:- Rev: 334 Cr+ and PAT: 48.17 Cr+🔥

📌Revenue Bifurcation:-
➢Mining - 27.02%✅
➢Personal Care - 24.02%

➢PVC /Rubber - 20.99%
➢Textile - 13.99%
➢Cleaning - 7.00%
➢Other Industries - 7%

📌IPO funds:
From the net proceeds of the IPO, it will utilize:-
➢Rs. 20.92 Cr:- for capex on purchase of plant and machinery, civil work and installation etc. (purchase of 45 Plant & Machineries)🚀
➢Rs. 8.50 Cr:- for working capital, and the rest for general corporate purposes.

📌Customers:-
➢EXPORTS:- Orica, Exsa, downer, pochteca , etc.🔥
➢Domestic:- Hindustan Unilever ltd, Reliance, Finolex industries, NOCIL ,etc.🔥

📌PEERS:
As per the offer document, the company has shown Fine Organic, Fineotex Chemicals as their listed peers. They are trading at a P/E of 33 and 36 . However, they are not comparable on an apple-to-apple basis.

📌SECTOR GROWTH:
▪️Global market for Specialty Chemicals estimated at US$615.7 Billion in the year 2022, is projected to reach a revised size of US$866.9 Billion by 2030.✅

▪️India's chemical sector, which is currently estimated to be worth US$ 220 billion in 2022 and is anticipated to grow to US$ 300 billion by 2025 and US$ 1 trillion by 2040.🔥✅

▪️The market for specialty chemicals is anticipated to offer attractive prospects due to the economies of Singapore, Malaysia, Thailand and India's increasing industrialization & diversification.💫

▪️According to the CRISIL report, the specialty chemicals market in India would grow faster than China, increasing its market share to 6% by 2026 from 3-4% in fiscal 2021. A shift in the global supply chain brought on by the China+1 strategy and a resurgence in domestic end-user demand will fuel significant revenue growth of 18–20% in 2022 and 14–15% in 2023.💫

▪️In India, the food industry is a major consumer of emulsifiers due to the increasing demand for processed foods, bakery products, confectionery, and ready-to-eat meals. Emulsifiers are used in the formulation of creams, lotions, ointments, and various pharmaceutical products to achieve the desired consistency and stability.

📌STRENGTH:
➢ Experienced Promoter and Management Team.💫
➢ Scalable Business Model.✅

➢ Wide and diverse range of product offerings.(40+✅ ✅ )

➢ In-house manufacturing facility with equipped machines and processes.🔥

➢ In-house Quality Control and Research & Development facility.

📌FUTURE PLAN:
▪️Expand their existing product portfolio✅ .

▪️Expand their existing manufacturing capacities to capitalize on industry opportunities.✅

▪️Increasing Operational efficiency.

▪️Continue to focus on contract manufacturing / exclusive manufacturing by developing innovative processes and value engineering.

▪️Continue to focus on innovation and grow their business across customer segments.💫

📌Disclosure: Not a buy recommendation. only for study and education purpose. Please consult your financial advisor before investing. Although the write up accurately reflects the personal view of the author, there may be manual/human errors in the writeup. Please stop investing blindly. 🙏🙏
122.1. Sweetypandya |   Link |  Bookmark |May 30, 2024 10:41:44 AM
Sir what’s the short time target after today’s results?? Or how long can I hold?? Pls guide me..
122.2. SaurabhJogi |   Link |  Bookmark |May 30, 2024 5:51:36 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
Good results 🔥✅
Strong UC after results ❤️
Good stock for long term
121. Sanduli |   Link |  Bookmark |May 28, 2024 7:09:08 PM
Even if the BJP repeats it's last time numbers, it will be a booster to the market.

Abki baar Nifty ......... Paar!!!!!

25000+ coming soon.......
121.1. Bikku Ji |   Link |  Bookmark |May 29, 2024 5:54:37 PM
From where to get bulk deal information sir?
120. SaurabhJogi |   Link |  Bookmark |May 23, 2024 7:11:07 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
bulk deal today:-
ANKUSH KEDIA sir bought 73,000 shares at Rs.440.33🔥
120.3. IPONEED |   Link |  Bookmark |May 28, 2024 1:12:35 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
@SaurabhJogi DEAR
K2 Infra Results ,i think its come good results and Future Outlook say that Co.Add almost 800cr order in F Y 202425

You hold yet this ?
120.4. Sweetypandya |   Link |  Bookmark |June 3, 2024 3:29:38 PM
@SaurabhJogi Sir. why indian emulsifiers share are going down after the good result???? Market is on uptrend. Pls guide me. What's the next & short time target??? Pls guide me.
119. SMEARV |   Link |  Bookmark |May 23, 2024 11:41:39 AM (400+ Posts)
Today UC to LC
May go again UC as Sellers are less.
119.1. Mr. Agrawal |   Link |  Bookmark |May 23, 2024 12:47:17 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Sellers kam hai kyuki settlement holiday hai ... Kal jinne liya tha Aaj bechna allowed nahi hai .. real movement 1-2 din bad pta chlega
119.2. SMEARV |   Link |  Bookmark |May 23, 2024 2:15:04 PM (400+ Posts)
@Mr. Agrawal I got that info from my other broker but Zerodha allow to sell stock purchase yesterday.
What you are saying is true than total sell crossed 21,89,000/- (1872000 yesterday and 317000/) which is more than Share issued to QIB+HNI+Retail. means Market maker also sold some share.
So all share are trades expect few.
Interesting to see upcoming days
118. SaurabhJogi |   Link |  Bookmark |May 22, 2024 11:17:16 AM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
📍Bought few lots for long term!
Will post detailed analysis soon👍
Many big players have bought huge in pre ipo including gunaji and M ravichandran sir🔥✅
118.6. Mr. Agrawal |   Link |  Bookmark |May 23, 2024 2:12:51 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Preferential mai inko 84 rs par confirmed allotment mila hai.. listing day par hi 5 times ho gya capital... @SaurabhJogiPlease answer
 1. Kya preferential buyers ko kabhi loss hota dekha hai apne ???
2. Can anyone apply in preferential or its done on private contacts basis.??
118.7. SaurabhJogi |   Link |  Bookmark |May 23, 2024 9:46:04 AM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
@Mr. Agrawal 
1) not seen any pre ipo allottee making loss👍
2) pre ipo allotment is given on private basis to big HNI investors who have lock-in of 1 year after listing!

One more observation i will tell u; whenever big HNIs are allotted in pre ipo , that company always gives multibagger returns from listing too✅ for example:- trident techlabs, meson valve, exhicon, oriana power, remus, etc.
117. Essence |   Link |  Bookmark |May 22, 2024 8:44:44 PM
My funds are still blocked with IDFC bank. Applied 1 retail with UPI. What should I do?
117.1. Vimal Garodia |   Link |  Bookmark |May 22, 2024 11:32:19 PM
IPO Guru IPO Guru (3500+ Posts, 3900+ Likes)
@Essence Please contact your bank with all the details, email your specific bank branch and cc that to the registrar. They will help you in this matter..
116. SaurabhJogi |   Link |  Bookmark |May 22, 2024 7:33:21 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
📍Bulk deal :-
ARUNA R JAIN bought 2,00,000 shares at rs450.10
SELVAMURTHY AKILANDESWARI Bought 62,000 shares at rs 426.15🔥🔥
(m ravichandran sir)

YUGA STOCKS AND COMMODITIES PRIVATE LIMI Bought 1,01,000 shares at rs 430.10
116.6. SMEARV |   Link |  Bookmark |May 22, 2024 9:44:32 PM (400+ Posts)
Got it in RHP...
thanks @SaurabhJogi @Bhav
116.7. IPONEED |   Link |  Bookmark |May 23, 2024 12:45:54 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
AGAR KISI STOCK KO HOLD KRNE KE LIY MRAVI SIR JITNA PATIENCE HONA CHAHIY
115. Sumitghy |   Link |  Bookmark |May 22, 2024 6:27:34 PM
First time Got 1 allotment in sme ipo ... Sold at 410 ..thanks to chittorgarh for providing information about ipo .
114. Agrawal S |   Link |  Bookmark |May 22, 2024 5:24:34 PM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
#Copied from X

📌 Indian Emulsifiers Ltd informed the exchange about the closure of the trading window from May 22, 2024, until 48 hours after the financial results for the year ended March 31, 2024, are communicated. #SME #IEML 📈🔒
113. Dagliinv |   Link |  Bookmark |May 22, 2024 1:12:04 PM
It is found that Money Control does not show this script price. Also all the three script listed yesterday is also not quoting on this site.
112. IPOswami |   Link |  Bookmark |May 22, 2024 11:30:12 AM (200+ Posts)
16lk+ sahres changed hands.........equal or greater to RETAIL+HNI reserved quota............this considerd shares are moving to strong hand.........
Let watch next 2-3 days............
112.1. SMEARV |   Link |  Bookmark |May 22, 2024 12:34:48 PM (400+ Posts)
18 Lakhs shares traded so far...
111. sahab |   Link |  Bookmark |May 22, 2024 10:14:44 AM
IPO Guru IPO Guru (1100+ Posts, 600+ Likes)
those who wants to sell wait till 10 oclock you will get 8000 extra
111.2. JSK✨ |   Link |  Bookmark |May 22, 2024 11:08:34 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Yes, UC was not strong at all so had to sell at UC - 451.50 :)
111.3. SMEARV |   Link |  Bookmark |May 22, 2024 11:11:22 AM (400+ Posts)
UC was just for 1-2 minutes
110. SMEARV |   Link |  Bookmark |May 22, 2024 11:10:12 AM (400+ Posts)
Sold in Pre Open 1st Time.. @430/-
Broker : Ventura (allow to sell in pre open)
I know it may go UC for few days and in long term but happy whatever I got.
Thanks every member of this forum for their guidance... 🙏🙏🙏