Bookbuilding IPO | ₹42 Cr | Listed at NSE SME | Mon, May 13, 2024 - Thu, May 16, 2024
Indian Emulsifiers IPO is a book build issue of ₹42.39 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹42.39 crore.
Indian Emulsifiers IPO bidding started from May 13, 2024 and ended on May 16, 2024. The allotment for Indian Emulsifiers IPO was finalized on May 17, 2024. The shares got listed on NSE SME on May 22, 2024.
Indian Emulsifiers IPO price band is set at ₹132 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,32,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,64,000.
Ekadrisht Capital Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SS Corporate Securities Ltd..
Refer to Indian Emulsifiers IPO RHP for detailed Information.
IPO Open
Mon, May 13, 2024
IPO Close
Thu, May 16, 2024
Issue Price
₹132 per share
Market Cap (Pre-IPO)
₹161.33 Cr
| IPO Date | 13 to 16 May, 2024 |
| Listed on | Wed, May 22, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹132 |
| Issue Price | ₹132 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 32,11,000 shares (agg. up to ₹42 Cr) |
| Reserved for Market Maker | 1,61,000 shares SS Corporate Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 30,50,000 shares (agg. up to ₹40 Cr) |
| Net Offered to Public | 30,50,000 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 90,11,222 shares |
| Share Holding Post Issue | 1,22,22,222 shares |
| NSE Symbol | IEML |
| ISIN | INE0RRU01016 |
Indian Emulsifiers IPO comprises a total issue size of 32,11,000 shares. The net offer to the public is 30,50,000 shares, after excluding 1,61,000 shares allotted on a firm basis. Of the Net offer 15,20,000 (49.84%) are allocated to QIB, 4,60,000 (15.08%) allocated to NII 10,70,000 (35.08%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 15,20,000 | 49.84% | 47.34% |
| − Anchor Investor Shares Offered | 9,10,000 | 28.34% | |
| − QIB (Ex. Anchor) Shares Offered | 6,10,000 | 19.00% | |
| NII (HNI) Shares Offered | 4,60,000 | 15.08% | 14.33% |
| Retail Shares Offered | 10,70,000 | 35.08% | 33.32% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,61,000 | 5.01% | |
| Total Shares Offered | 32,11,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,32,000 |
| Retail (Max) | 1 | 1,000 | ₹1,32,000 |
| HNI (Min) | 2 | 2,000 | ₹2,64,000 |
Indian Emulsifiers IPO raises ₹12.01 crore from anchor investors. Indian Emulsifiers IPO Anchor bid date is May 10, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, May 10, 2024 |
| Shares Offered | 9,10,000 |
| Anchor Portion (₹ Cr.) | 12.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Jun 16, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Aug 15, 2024 |
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
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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 61.77 | 34.32 | 19.10 | 0.60 |
| Total Income | 48.70 | 41.18 | 17.68 | |
| Profit After Tax | 6.75 | 3.89 | 0.04 | -0.00 |
| NET Worth | 26.36 | 12.04 | 8.15 | 0.01 |
| Reserves and Surplus | 17.35 | 3.93 | 0.04 | -0.00 |
| Total Borrowing | 22.44 | 20.30 | 10.69 | 0.59 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards purchase of Plant & Machinery, Civil work and installation cost thereon | 20.92 |
| 2 | Funding Working Capital Requirements of the Company | 8.50 |
| 3 | General Corporate Purposes | 9.79 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 25.61% |
| ROCE | 38.03% |
| Debt/Equity | 0.51 |
| RoNW | 25.60% |
| PAT Margin | 13.87% |
| Price to Book Value | 4.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.32 | 7.36 |
| P/E (x) | 30.54 | 17.93 |
| Promoter Holding | 65.25% | 48.11% |
| Market Cap | ₹161.33 Cr. |
The Indian Emulsifier IPO is subscribed 460.07 times on May 16, 2024 6:19:56 PM (Day 4). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 175.95 | 6,10,000 | 10,73,29,000 |
| NII* | 779.63 | 4,60,000 | 35,86,32,000 |
| Retail | 484.66 | 10,70,000 | 51,85,86,000 |
| Total | 460.07 | 21,40,000 | 98,45,47,000 |
Total Application : 5,18,586
*Market Maker portion is not included to NII/HNI.
EPS has been taken as of March 31, 2023. & P/E ratio has been taken as of March 2023-2024 from The Financial Express.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.75 |
| 2 | Fees Payable to Registrar to the Issue | 0.05 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.06 |
| 4 | Fees Payable to Regulators including Stock Exchange | 0.04 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.06 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.07 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees, Underwriting fees and Miscellaneous Expenses) | 2.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹132.00 |
| Open | ₹430.00 |
| Low | ₹410.00 |
| High | ₹451.50 |
| Last Trade | ₹451.50 |
Lead Manager Reports
Indian Emulsifiers IPO is a SME IPO of 32,11,000 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹132 per share. The minimum order quantity is 1000.
The IPO opens on Mon, May 13, 2024, and closes on Thu, May 16, 2024.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Indian Emulsifiers IPO using UPI as a payment gateway. Zerodha customers can apply in Indian Emulsifiers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indian Emulsifiers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indian Emulsifiers IPO opens on Mon, May 13, 2024 and closes on Thu, May 16, 2024.
Indian Emulsifiers IPO lot size is 1000, and the minimum amount required for application is ₹1,32,000.
You can apply in Indian Emulsifiers 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 Indian Emulsifiers IPO will be done on Friday, May 17, 2024, and the allotted shares will be credited to your demat account by Tue, May 21, 2024. Check the Indian Emulsifiers IPO allotment status.
The Indian Emulsifiers IPO listing date is on Wed, May 22, 2024.
