Indian Emulsifier IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
May 13 to May 16 2024
Price Band
₹125 - 132
Current GMP
₹240(181.82%)
Subscription
460.00 times
IPO Details
| IPO Date | May 13, 2024 to May 16, 2024 |
| Listing Date | Wednesday, May 22, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹132 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 3,211,000 shares (aggregating up to ₹42.39 Cr) |
| Fresh Issue | 3,211,000 shares (aggregating up to ₹42.39 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,011,222 |
| Share holding post issue | 12,222,222 |
| Market Maker portion | 161,000 shares Ss Corporate Securities |
IPO Date
May 13, 2024 to May 16, 2024
Listing Date
Wednesday, May 22, 2024
Face Value
₹10 per share
Price Band
₹125 to ₹132 per share
Lot Size
1000 Shares
Total Issue Size
3,211,000 shares (aggregating up to ₹42.39 Cr)
Fresh Issue
3,211,000 shares (aggregating up to ₹42.39 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
9,011,222
Share holding post issue
12,222,222
Market Maker portion
161,000 shares Ss Corporate Securities
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 175.95 |
| Non-Institutional Buyers*** | 779.62 |
| Retail Investors | 484.54 |
| Total ** | 460.00 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
175.95
Non-Institutional Buyers***
779.62
Retail Investors
484.54
Total **
460.00
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 May 13, 2024 | 0.04 | 7.10 | 15.10 | 9.09 |
| Day 2 May 14, 2024 | 0.14 | 29.06 | 63.18 | 37.88 |
| Day 3 May 15, 2024 | 0.47 | 96.92 | 176.93 | 109.43 |
| Day 4 May 16, 2024 | 175.95 | 779.62 | 484.54 | 460.00 |
DayDay 1
May 13, 2024
QIB0.04
NII*7.10
Retail15.10
Total9.09
DayDay 2
May 14, 2024
QIB0.14
NII*29.06
Retail63.18
Total37.88
DayDay 3
May 15, 2024
QIB0.47
NII*96.92
Retail176.93
Total109.43
DayDay 4
May 16, 2024
QIB175.95
NII*779.62
Retail484.54
Total460.00
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 22-05-2024 | 132.00 | 240(181.82%) | 372 |
| 21-05-2024 | 132.00 | 240(181.82%) | 372 |
| 20-05-2024 | 132.00 | 240(181.82%) | 372 |
| 19-05-2024 | 132.00 | 240(181.82%) | 372 |
| 18-05-2024 | 132.00 | 240(181.82%) | 372 |
| 17-05-2024 | 132.00 | 250(189.39%) | 382 |
| 16-05-2024 | 132.00 | 245(185.61%) | 377 |
| 15-05-2024 | 132.00 | 220(166.67%) | 352 |
| 14-05-2024 | 132.00 | 180(136.36%) | 312 |
| 13-05-2024 | 132.00 | 180(136.36%) | 312 |
| 12-05-2024 | 132.00 | 180(136.36%) | 312 |
| 11-05-2024 | 132.00 | 200(151.52%) | 332 |
| 10-05-2024 | 132.00 | 200(151.52%) | 332 |
| 09-05-2024 | 132.00 | 200(151.52%) | 332 |
| 08-05-2024 | 132.00 | 200(151.52%) | 332 |
| 07-05-2024 | 132.00 | 185(140.15%) | 317 |
| 06-05-2024 | 132.00 | 150(113.64%) | 282 |
Date22-05-2024
Price132.00
GMP240(181.82%)
Estimate List Price372
Date21-05-2024
Price132.00
GMP240(181.82%)
Estimate List Price372
Date20-05-2024
Price132.00
GMP240(181.82%)
Estimate List Price372
Date19-05-2024
Price132.00
GMP240(181.82%)
Estimate List Price372
Date18-05-2024
Price132.00
GMP240(181.82%)
Estimate List Price372
Date17-05-2024
Price132.00
GMP250(189.39%)
Estimate List Price382
Date16-05-2024
Price132.00
GMP245(185.61%)
Estimate List Price377
Date15-05-2024
Price132.00
GMP220(166.67%)
Estimate List Price352
Date14-05-2024
Price132.00
GMP180(136.36%)
Estimate List Price312
Date13-05-2024
Price132.00
GMP180(136.36%)
Estimate List Price312
Date12-05-2024
Price132.00
GMP180(136.36%)
Estimate List Price312
Date11-05-2024
Price132.00
GMP200(151.52%)
Estimate List Price332
Date10-05-2024
Price132.00
GMP200(151.52%)
Estimate List Price332
Date09-05-2024
Price132.00
GMP200(151.52%)
Estimate List Price332
Date08-05-2024
Price132.00
GMP200(151.52%)
Estimate List Price332
Date07-05-2024
Price132.00
GMP185(140.15%)
Estimate List Price317
Date06-05-2024
Price132.00
GMP150(113.64%)
Estimate List Price282
IPO Important Dates
| IPO Open Date | Monday, May 13, 2024 |
| IPO Close Date | Thursday, May 16, 2024 |
| Basis of Allotment | Friday, May 17, 2024 |
| Initiation of Refunds | Tuesday, May 21, 2024 |
| Credit of Shares to Demat | Tuesday, May 21, 2024 |
| Listing Date | Wednesday, May 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 16, 2024 |
IPO Open Date
Monday, May 13, 2024
IPO Close Date
Thursday, May 16, 2024
Basis of Allotment
Friday, May 17, 2024
Initiation of Refunds
Tuesday, May 21, 2024
Credit of Shares to Demat
Tuesday, May 21, 2024
Listing Date
Wednesday, May 22, 2024
Cut-off time for UPI mandate confirmation
5 PM on May 16, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹132,000 |
| Retail (Max) | 1 | 1000 | ₹132,000 |
| HNI (Min) | 2 | 2,000 | ₹264,000 |
ApplicationRetail (Min)
Lots1
Shares1000
Amount₹132,000
ApplicationRetail (Max)
Lots1
Shares1000
Amount₹132,000
ApplicationHNI (Min)
Lots2
Shares2,000
Amount₹264,000
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,176.63 | 3,432.26 | 1,910.22 |
| Revenue | 4,870.16 | 4,118.35 | 1,768.31 |
| Profit After Tax | 675.01 | 389.44 | 4.31 |
| Net Worth | 2,636.35 | 1,204.35 | 814.94 |
| Reserves and Surplus | 1,735.22 | 393.34 | 3.93 |
| Total Borrowing | 2,244.45 | 2,030.44 | 1,068.54 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 20236,176.63
31 Mar 20233,432.26
31 Mar 20221,910.22
Period EndedRevenue
31 Dec 20234,870.16
31 Mar 20234,118.35
31 Mar 20221,768.31
Period EndedProfit After Tax
31 Dec 2023675.01
31 Mar 2023389.44
31 Mar 20224.31
Period EndedNet Worth
31 Dec 20232,636.35
31 Mar 20231,204.35
31 Mar 2022814.94
Period EndedReserves and Surplus
31 Dec 20231,735.22
31 Mar 2023393.34
31 Mar 20223.93
Period EndedTotal Borrowing
31 Dec 20232,244.45
31 Mar 20232,030.44
31 Mar 20221,068.54
Key Performance Indicator
| ROE | 25.61% |
| ROCE | 38.03% |
| Debt/Equity | 0.51 |
| RoNW | 25.60% |
| P/BV | 4.51 |
| PAT Margin (%) | 13.87 |
| EPS (Rs) | 4.32 |
ROE
25.61%
ROCE
38.03%
Debt/Equity
0.51
RoNW
25.60%
P/BV
4.51
PAT Margin (%)
13.87
EPS (Rs)
4.32
IPO Reservation
| Anchor Investor Shares Offered | 910,000 (28.34%) |
| Market Maker Shares Offered | 161,000 (5.01%) |
| QIB Shares Offered | 610,000 (19.00%) |
| NII (HNI) Shares Offered | 460,000 (14.33%) |
| Retail Shares Offered | 1,070,000 (33.32%) |
| Total Shares Offered | 3,211,000 (100%) |
Anchor Investor Shares Offered
910,000 (28.34%)
Market Maker Shares Offered
161,000 (5.01%)
QIB Shares Offered
610,000 (19.00%)
NII (HNI) Shares Offered
460,000 (14.33%)
Retail Shares Offered
1,070,000 (33.32%)
Total Shares Offered
3,211,000 (100%)
Information about company
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
Esters
Amphoteric
Phosphate esters
Imidazolines
Wax emulsions
SMO & PIBSA Emulsifiers
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.
Objectives of IPO
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
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
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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