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Indian Emulsifiers IPO vs Silkflex Polymers IPO

Comparison between Indian Emulsifiers IPO and Silkflex Polymers IPO.

IPO Details

Indian Emulsifiers IPO is a SME Fixed Price IPO proposed to list at NSE SME while Silkflex Polymers IPO is a SME Fixed Price proposed to list at NSE SME.

 Indian Emulsifiers IPOSilkflex Polymers IPO
LogoIndian Emulsifiers IPO LogoSilkflex Polymers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersEkadrisht Capital Pvt.Ltd.Shreni Shares Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Indian Emulsifiers IPO is up to ₹40.26 Cr whereas the issue size of the Silkflex Polymers IPO is up to ₹17.18 Cr. The final issue price of Indian Emulsifiers IPO is ₹132.00 per share and of Silkflex Polymers IPO is ₹52.00 per share.

 Indian Emulsifiers IPOSilkflex Polymers IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹125.00 per share
Issue Price (Upper)₹132.00 per share
Issue Price (Final)₹132.00 per share₹52.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares2000 shares
Fresh Issue Size30,50,000 shares33,04,000 shares
Fresh Issue Size (Amount)up to ₹40.26 Crup to ₹17.18 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total30,50,000 shares33,04,000 shares
Issue Size Total (Amount)up to ₹40.26 Crup to ₹17.18 Cr

IPO Timetable

Indian Emulsifiers IPO opens on May 13, 2024, while Silkflex Polymers IPO opens on May 07, 2024. The closing date of Indian Emulsifiers IPO and Silkflex Polymers IPO is May 16, 2024, and May 10, 2024, respectively.

 Indian Emulsifiers IPOSilkflex Polymers IPO
Anchor Bid DateMay 10, 2024
Issue OpenMay 13, 2024May 07, 2024
Issue CloseMay 16, 2024May 10, 2024
Basis Of Allotment (Tentative)May 17, 2024May 13, 2024
Initiation of Refunds (Tentative)May 21, 2024May 14, 2024
Credit of Share (Tentative)May 21, 2024May 14, 2024
Listing date (Tentative)May 22, 2024May 15, 2024
Anchor Lockin End date 1Jun 16, 2024
Anchor Lockin End date 2Aug 15, 2024

Financials & KPIs

Indian Emulsifiers IPO P/E ratio is 30.54, as compared to Silkflex Polymers IPO P/E ratio of 53.76.

 Indian Emulsifiers IPOSilkflex Polymers IPO
Financials

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
Total Income4,870.164,118.351,768.31
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

Silkflex Polymers (India) Limited Financial Information (Restated)

Silkflex Polymers (India) Limited's revenue increased by 22.74% and profit after tax (PAT) rose by 14.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,446.352,374.731,968.811,314.06
Total Income3,381.553,442.252,804.522,096.07
Profit After Tax256.6678.5968.5945.35
Net Worth1,073.28816.62738.03513.51
Reserves and Surplus260.78566.62488.03308.06
Total Borrowing1,716.181,208.31994.50612.81
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)65.2599.84
Promoter Shareholding (Post-Issue)48.1169.89
P/E Ratio30.5453.76
Market Cap₹161.33 Cr.₹60.36 Cr.
ROE25.61%23.91%
ROCE38.03%41.04%
Debt/Equity0.511.60
EPS₹4.32₹0.97
RoNW25.60%23.91%

Shares Offered

In the Indian Emulsifiers IPO Retail Individual Investors (RII) are offered 10,70,000 shares while in Silkflex Polymers IPO retail investors are offered 10,70,000 shares. Qualified Institutional Buyers (QIB) are offered 6,10,000 shares in Indian Emulsifiers IPO and in Silkflex Polymers IPO.

 Indian Emulsifiers IPOSilkflex Polymers IPO
Anchor Investor Reserveration9,10,000 shares
Market Maker Reserveration1,61,000 shares1,78,000 shares
QIB6,10,000 shares
NII4,60,000 shares16,52,000 shares
RII10,70,000 shares16,52,000 shares
Employee
Others
Total30,50,000 shares33,04,000 shares

Bids Received (Subscription)

Indian Emulsifiers IPO subscribed 460.07x in total, whereas Silkflex Polymers IPO subscribed 39.30x.

 Indian Emulsifiers IPOSilkflex Polymers IPO
QIB (times)175.95x
NII (times)779.63x36.59x
Big NII (times)
Small NII (times)
RII (times)484.66x35.97x
Employee (times)
Other (times)
Total (times)460.07x39.30x