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Essen Speciality Films IPO is a book build issue of ₹66.33 crores. The issue is a combination of fresh issue of 0.47 crore shares aggregating to ₹50.28 crores and offer for sale of 0.15 crore shares aggregating to ₹16.05 crores.
Essen Speciality Films IPO bidding started from Jun 23, 2023 and ended on Jun 27, 2023. The allotment for Essen Speciality Films IPO was finalized on Jul 3, 2023. The shares got listed on NSE SME on Jul 6, 2023.
Essen Speciality Films IPO price band is set at ₹107.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,21,200 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,56,800.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is SMC Global Securities Ltd..
Refer to Essen Speciality Films IPO RHP for detailed Information.
| IPO Date | June 23, 2023 to June 27, 2023 |
| Listing Date | July 6, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹101 to ₹107 per share |
| Issue Price Final | ₹107 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 61,99,200 shares (aggregating up to ₹66.33 Cr) |
| Reserved for Market Maker | 3,10,800 shares SMC Global Securities Ltd. (aggregating up to ₹3.33 Cr) |
| Fresh Issue (Ex Market Maker) | 43,88,400 shares (aggregating up to ₹46.96 Cr) |
| Offer for Sale | 15,00,000 shares of ₹10 (aggregating up to ₹16.05 Cr) |
| Net Offered to Public | 58,88,400 shares (aggregating up to ₹63.01 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,60,00,000 shares |
| Share Holding Post Issue | 2,06,99,200 shares |
Essen Speciality Films IPO offers total 61,99,200 shares. Out of which 29,42,400 (47.46%) allocated to QIB, 11,77,200 (18.99%) allocated to QIB, 8,84,400 (14.27%) allocated to NII, 20,61,600 (33.26%) allocated to RII and 17,65,200 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,10,800 (5.01%) |
| QIB Shares Offered | 29,42,400 (47.46%) |
| − Anchor Investor Shares Offered | 17,65,200 (28.47%) |
| − QIB (Ex. Anchor) Shares Offered | 11,77,200 (18.99%) |
| NII (HNI) Shares Offered | 8,84,400 (14.27%) |
| Retail Shares Offered | 20,61,600 (33.26%) |
| Total Shares Offered | 61,99,200 (100.00%) |
Essen Speciality Films IPO raises ₹18.89 crore from anchor investors. Essen Speciality Films IPO Anchor bid date is June 22, 2023. Essen Speciality Films IPO Anchor Investors list
| Bid Date | June 22, 2023 |
| Shares Offered | 17,65,200 |
| Anchor Portion Size (In Cr.) | 18.89 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 2, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 1, 2023 |
Essen Speciality Films IPO opens on June 23, 2023, and closes on June 27, 2023.
| IPO Open Date | Fri, Jun 23, 2023 |
| IPO Close Date | Tue, Jun 27, 2023 |
| Tentative Allotment | Mon, Jul 3, 2023 |
| Initiation of Refunds | Tue, Jul 4, 2023 |
| Credit of Shares to Demat | Wed, Jul 5, 2023 |
| Tentative Listing Date | Thu, Jul 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jun 27, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,28,400 |
| Retail (Max) | 1 | 1,200 | ₹1,28,400 |
| HNI (Min) | 2 | 2,400 | ₹2,56,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2002, Essen Speciality Films Limited manufactures and exports specialized plastic products in the home improvement and home furnishing industry, to multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl's, Kroger, etc.
The company's product list includes bath area and accessories, artificial plants & flowers, kitchen & dining, storage & organization, fitness & lifestyle, and outdoor & utility products, and customized products, which include plastic films, Spa slippers, Baby shower caps, green-house gutter sheets, etc. The company markets and sells its products predominantly under three brands; 'Draperi' for shower curtains, 'Runner' for shelf liners, and 'Paperi' for artificial plants and placemats.
They have a diversified customer base and are spread across various industries, including but not limited to home furnishing, home decor, departmental stores, discount retailers, hypermarkets, hardware, and home improvement, office supplies stores, agricultural and medical industry, and international importers and wholesale distributors.
The company supplies its products to twenty-four (24) countries, including but not limited to, China, Saudi Arabia, the United States of America, Qatar, United Kingdom, Germany, Italy, Canada, Romania, Denmark, Poland, New Zealand, United Arab Emirates, Spain, Austria, France, Australia, Kuwait, Belgium, Austria, Sweden, and Mexico.
Essen Speciality Films has been recognized as a 'two-star export house' by the Ministry of Commerce & Industry, Government of India. And was awarded with the 'Best Supplier of the Year', twice by IKEA.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 10,440.24 | 9,680.78 | 913.73 | 6,707.76 | 6,607.76 | 1,541.36 |
| 31-Mar-22 | 11,859.28 | 11,857.17 | 516.90 | 7,224.65 | 5,624.66 | 2,583.00 |
| 31-Mar-23 | 10,970.82 | 12,048.09 | 1,337.23 | 8,561.89 | 6,961.89 | 657.40 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Essen Speciality Films IPO is ₹220.00 Cr.
| KPI | Values |
|---|---|
| ROE | 17.08% |
| ROCE | 12.19% |
| Debt/Equity | 0.08 |
| RoNW | 15.62% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its bottom line for FY23 raises eyebrows and concerns over sustainability going forward. Based on such super earnings, the issue appears fully priced while based on its track records so far, the issue appears aggressively priced. Only well-informed investors may consider parking funds, others may ignore it. Read detail review...
| Listing Date | July 6, 2023 |
| BSE Script Code | |
| NSE Symbol | ESFL |
| ISIN | INE0ITO01014 |
| Final Issue Price | ₹107 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹107.00 |
| Open | ₹140.00 |
| Low | ₹140.00 |
| High | ₹147.00 |
| Last Trade | ₹147.00 |
Essen Speciality Films Ltd.
Plot No. A,
Survey No. 192,
Veraval (Shapar), Rajkot – 360 024
Rajkot, Gujarat
Phone: +91 98253 12701
Email: info@essenspeciality.com
Website: https://www.essenspeciality.com/index.html
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Essen Speciality Films IPO is a SME IPO of 61,99,200 equity shares of the face value of ₹10 aggregating up to ₹66.33 Crores. The issue is priced at ₹107 per share. The minimum order quantity is 1200.
The IPO opens on June 23, 2023, and closes on June 27, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Essen Speciality Films IPO using UPI as a payment gateway. Zerodha customers can apply in Essen Speciality Films IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Essen Speciality Films IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Essen Speciality Films IPO opens on June 23, 2023 and closes on June 27, 2023.
Essen Speciality Films IPO lot size is 1200, and the minimum amount required for application is ₹1,28,400.
You can apply in Essen Speciality Films IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Essen Speciality Films IPO will be done on Monday, July 3, 2023, and the allotted shares will be credited to your demat account by Wednesday, July 5, 2023. Check the Essen Speciality Films IPO allotment status.
The Essen Speciality Films IPO listing date is on Thursday, July 6, 2023.
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