Indian Emulsifier Limited IPO : Company Information

Indian Emulsifier Limited IPO is set to launch on 10 May, 2024. The company was incorporated in 2020. It is engaged in the business of manufacturing and supplying of Specialty Chemicals i.e., Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The Company has its own manufacturing plant having a production capacity of 4,800 metric tons p.a. as on March 31, 2023, equipped with process control, innovative R&D centre, Quality Control and Application Laboratories. 

Other Information

It serves specialty chemicals to a wide range of industries such as Mining, Textile, Cleaning Industry, PVC (Poly Vinyl Chloride)/ Rubber, Personal Care, Food and Other Industries. Multiple high-pressure stainless-steel reactors equipped to deliver yields from 100 Kg to 8,000 kg per batch providing a 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. 

Indian Emulsifier Limited : IPO DETAILS

Indian Emulsifier Limited IPO is set to launch on 13 May, 2024. The subscription timeline extends till 16 May, 2024. The size for the IPO is Rs. 42.39 Crore. The entire issue is a fresh issue of 32.11 Lakh shares amounting to Rs. 42.39 Crore. The lot size is 1000 shares and the price is Rs. 125 to Rs. 132 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Maashitla Securities Private Limited.

Tabular Description of Indian Emulsifier Limited IPO

IPO OPENING DATE 13 May, 2024
CLOSING DATE FOR IPO 16 May, 2024
ISSUE TYPE Book Built Issue
Face Value per share Rs. 10 per share
IPO price band Rs. 125 to Rs. 132 per share
LOT SIZE 1000 shares
MINIMUM ORDER QUANTITY 1000 shares
ISSUE SIZE Rs. 42.39 Crore
OFFER FOR SALE NIL
FRESH ISSUE Rs. 42.39 Crore
LISTING AT NSE SME Board
LISTING DATE 22 May, 2024

Indian Emulsifier Limited IPO: IMPORTANT DATES

IPO OPENING DATE 13 May, 2024
CLOSING DATE FOR IPO 16 May, 2024
IPO ALLOTMENT DATE 17 May, 2024
REFUNDS 21 May, 2024
DEMAT A/C CREDITED ON 21 May, 2024
IPO LISTING DATE 22 May, 2024

Indian Emulsifier Limited IPO begins for subscription from 13 May, 2024. The IPO subscription would continue till 16 May, 2024. The allotment status for the shareholders who applied would come on 17 May, 2024. The refunds for the ones who did not get allotment would be initiated on 21 May, 2024. The DEMAT accounts of shareholders would be credited on 21 May, 2024. The listing of the company would be completed on 22 May, 2024.

Indian Emulsifier Limited IPO: Lead Managers

The lead managers are :

  • Ekadrisht Capital Private Limited

The minimum and maximum lot size for retail investors is 1000 shares, amounting to Rs. 132000. The minimum lot size for HNI is 2000 shares, amounting to Rs. 264000.  

  Shares Amount
Retail (Minimum) 1000 shares Rs. 132000 
Retail (Maximum) 1000 shares Rs. 132000 
HNI (Minimum) 2000 shares Rs. 264000

OBJECTIVES FOR THE IPO

  • Funding of capital expenditure requirements of the Company towards Plant & Machinery, Civil work and installation cost thereon;
  • Funding Working Capital Requirements of our Company;
  • General corporate purposes

COMPANY FINANCIALS

Particularly                  (in Rs. Lakhs) 2020-21 2021-22 2022-23 Dec-2023
Asset 59.72 1910.22 3432.26 6176.63
Revenue N/A 1768.31 4118.35 4870.16
PAT -0.37 4.31 389.44 675.01

Indian Emulsifier Limited  had an asset base of Rs. 59.72 Lakhs in 2021 which increased to Rs. 3432.26 Lakhs in 2023.The asset base of the firm jumped to Rs. 6176.63 Lakhs as on December 2023. The revenue for the company was Rs. 1768.31 Lakhs in 2022, which increased to Rs. 4118.35 Lakhs in 2023. The revenue for the period ending December 2023 was Rs. 4870.16 Lakhs. The profit of the company increased from Rs. -0.37 Lakhs in 2021 to Rs. 389.44 Lakhs in 2023. The profit generated for the period ending December 2023 was Rs. 675.01 Lakhs.

PROS

  • 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.
  • The facility has a production capacity of 4,800 metric tons per annum as on March 31, 2023 and 3,600 MT per annum for the period ended December 31, 2023, equipped with process control, innovative R&D centre, Quality Control and Application Laboratories. 

Indian Emulsifier Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
  2. Click the Indian Emulsifier Limited IPO button and press the BID button.
  3. Entering the details asked for like UPI ID, Quantity and price.
  4. Submit the application form for the IPO.
  5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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