Bookbuilding IPO | ₹66 Cr | Listed at NSE SME | Fri, Jun 23, 2023 - Tue, Jun 27, 2023
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,28,400 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Jun 23, 2023
IPO Close
Tue, Jun 27, 2023
Issue Price
₹107 per share
Market Cap (Pre-IPO)
₹220.00 Cr
| IPO Date | 23 to 27 Jun, 2023 |
| Listed on | Thu, Jul 6, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹101 to ₹107 |
| Issue Price | ₹107 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 61,99,200 shares (agg. up to ₹66 Cr) |
| Reserved for Market Maker | 3,10,800 shares SMC Global Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 43,88,400 shares (agg. up to ₹47 Cr) |
| Offer for Sale | 15,00,000 shares of ₹10 (agg. up to ₹16 Cr) |
| Net Offered to Public | 58,88,400 shares (agg. up to ₹63 Cr) |
| Share Holding Pre Issue | 1,60,00,000 shares |
| Share Holding Post Issue | 2,06,99,200 shares |
| NSE Symbol | ESFL |
| ISIN | INE0ITO01014 |
Essen Speciality Films IPO comprises a total issue size of 61,99,200 shares. The net offer to the public is 58,88,400 shares, after excluding 3,10,800 shares allotted on a firm basis. Of the Net offer 29,42,400 (49.97%) are allocated to QIB, 8,84,400 (15.02%) allocated to NII 20,61,600 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 29,42,400 | 49.97% | 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 | 15.02% | 14.27% |
| Retail Shares Offered | 20,61,600 | 35.01% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,10,800 | 5.01% | |
| Total Shares Offered | 61,99,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Essen Speciality Films IPO raises ₹18.89 crore from anchor investors. Essen Speciality Films IPO Anchor bid date is June 22, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jun 22, 2023 |
| Shares Offered | 17,65,200 |
| Anchor Portion (₹ Cr.) | 18.89 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Aug 2, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Oct 1, 2023 |
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 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 109.71 | 118.59 | 104.40 |
| Total Income | 120.48 | 118.57 | 96.81 |
| Profit After Tax | 13.37 | 5.17 | 9.14 |
| NET Worth | 85.62 | 72.25 | 67.08 |
| Reserves and Surplus | 69.62 | 56.25 | 66.08 |
| Total Borrowing | 6.57 | 25.83 | 15.41 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company | 3.54 |
| 2 | Funding the working capital requirements of the Company; and | 29.00 |
| 3 | General corporate purposes | 7.68 |
| KPI | |
|---|---|
| ROE | 17.08% |
| ROCE | 12.19% |
| Debt/Equity | 0.08 |
| RoNW | 15.62% |
| PAT Margin | 11.37% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.36 | |
| P/E (x) | 16.5 | |
| Promoter Holding | 100% | 70% |
| Market Cap | ₹220.00 Cr. |
The Essen Speciality Films IPO is subscribed 71.03 times on June 27, 2023 7:29:00 PM (Day 3). The public issue subscribed 68.07 times in the retail category, 45.26 times in the QIB category, and 112.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 45.26 | 11,77,200 | 5,32,84,800 |
| NII* | 112.21 | 8,84,400 | 9,92,40,000 |
| Retail | 68.07 | 20,61,600 | 14,03,28,000 |
| Total | 71.03 | 41,23,200 | 29,28,52,800 |
Total Application : 1,16,940
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 9.20 |
| 2 | Advertising and Marketing Expenses | 0.50 |
| 3 | Printing & Stationery, Distribution, Postage, Fees payable to the stock exchanges) etc | 0.12 |
| 4 | Brokerage and selling commission | 0.25 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹107.00 |
| Open | ₹140.00 |
| Low | ₹140.00 |
| High | ₹147.00 |
| Last Trade | ₹147.00 |
Lead Manager Reports
Essen Speciality Films IPO is a SME IPO of 61,99,200 equity shares of the face value of ₹10 aggregating up to ₹66 Crores. The issue is priced at ₹107 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Jun 23, 2023, and closes on Tue, Jun 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 Fri, Jun 23, 2023 and closes on Tue, Jun 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 Wed, Jul 5, 2023. Check the Essen Speciality Films IPO allotment status.
The Essen Speciality Films IPO listing date is on Thu, Jul 6, 2023.
