INDIAN EMULSIFIERS LIMITED (NSE SME)
May 13, 2024 – May 16, 2024
| Price | ₹125 - ₹132 |
| Premium | ₹240 |
|---|---|
| Lot size | 1000 |
| Allotment | May 17, 2024 |
| Listing | May 22, 2024 |
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Subscription
Last updated on 16-May-2024 17:01:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 610000 | 107329000 | 175.95 |
| NIB | 460000 | 358784000 | 779.97 |
| RETAIL | 1070000 | 518458000 | 484.54 |
| Total | 2140000 | 984571000 | 460.08 |
| Retail Apps | 518458 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹138.21 | @8% ₹157.96 | @9% ₹177.7 | @10% ₹197.45 | @11% ₹217.19 | @12% ₹236.94 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 132000 | 1070 |
| HNI | 2 | 2000 | 264000 | 460 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| PERSISTENT GROWTH FUND- VARSU INDIA GROWTH STORY SCHEME 1 | 379000 | 41.65% | 5.00 |
| ZEAL GLOBAL OPPORTUNITIES FUND | 152000 | 16.70% | 2.01 |
| RESONANCE OPPORTUNITIES FUND | 152000 | 16.70% | 2.01 |
| IEGFL EQUITY OPPORTUNITY | 137000 | 15.05% | 1.81 |
| BLUE LOTUS CAPITAL MULTI BAGGER FUND II | 90000 | 9.89% | 1.19 |
| Total | 910000 | 100.00% | 12.01 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.32% | 1070000 |
| NII (HNI) | 14.33% | 460000 |
| Anchor | 28.34% | 910000 |
| QIB | 19.00% | 610000 |
| Market Maker | 5.01% | 161000 |
| Total | 100.00% | 3211000 |
IPO Details
| 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 | 161000 Shares Ss Corporate Securities |
Key Performance Indicators
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 25.61% | 32.33% | 0.53% |
| ROCE | 38.03% | 55.50% | 7.19% |
| RONW | 25.60% | 32.34% | 0.53% |
| D/E | 0.51 | 0.97 | 0.94 |
| EPS (basic & Diluted) | 8.66 | 4.80 | 0.05 |
| P/E Pre IPO | 30.54 |
Financial Statement (Restated Standalone)
| Period Ended | Dec-23 | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|---|
| Assets | 6,176.63 | 3,432.26 | 1,910.22 | 59.72 |
| Revenue | 4,870.16 | 4,118.35 | 1,768.31 | |
| Profit After Tax | 675.01 | 389.44 | 4.31 | -0.37 |
| Net Worth | 2,636.35 | 1,204.35 | 814.94 | 0.63 |
| Reserves and Surplus | 1,735.22 | 393.34 | 3.93 | -0.37 |
| Total Borrowing | 2,244.45 | 2,030.44 | 1,068.54 | 58.91 |
| Amount in Lakhs | ||||
About Company
Established in December 2020, Indian Emulsifier Limited is a leading manufacturer and supplier of specialty chemicals, specializing in Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. Catering to diverse industries such as Mining, Textile, Cleaning, PVC/Rubber, Personal Care, and Food, the company offers over 40 specialty chemicals and intermediates. Certified with ISO 9001:2015 standards, their manufacturing plant in Ratnagiri, Maharashtra, boasts a production capacity of 4,800 metric tons per annum, amplified from 2,400 MT per annum through the integration of additional reactors. Equipped with advanced process control, an innovative R&D center, quality control, and application laboratories, they ensure superior product quality and innovation. With warehouses strategically located in Raigad and Ratnagiri, Maharashtra, the company demonstrates a commitment to efficient logistics and customer service. Comprising 34 full-time employees, including key managerial personnel as of December 31, 2023, Indian Emulsifier Limited continues to thrive as a dynamic player in the specialty chemicals industry.
Strength Factors
Strong Leadership and Expertise: With an experienced promoter and management team at the helm, the company benefits from strategic guidance and industry expertise, enabling effective decision-making and agile response to market dynamics.
Scalable Business Model: The Company’s scalable business model allows for efficient utilization of resources and facilitates expansion opportunities. This scalability enhances the company's ability to adapt to changing market demands and capitalize on growth prospects.
Diverse Product Portfolio: Indian Emulsifier Limited boasts a wide and diverse range of product offerings, catering to various industries such as Mining, Textile, Cleaning, PVC/Rubber, Personal Care, and Food. This diversity not only mitigates risk associated with dependency on a single market but also provides opportunities for revenue growth and market penetration across multiple sectors.
Risk Factors
Industry Reliance: Reliance on specific industries for a substantial portion of sales poses a risk, as downturns or disruptions in these sectors could adversely affect revenue and profitability.
Limited Operating History: Being recently incorporated (in December 2020) translates to limited operating history, potentially making it challenging for investors to assess historical performance or gauge future prospects accurately.
Intense Competition: Operating in a highly competitive industry poses a risk, as failure to compete effectively may result in lower market share or reduced operating margins, impacting overall business sustainability and growth potential.
Strength
Weakness
Lead Manager(s)
Address
Indian Emulsifier Limited
Shop 206, Foor-2, Sumer Kendra, Shivram Seth
Amrutwar Road Near Doordarshan Kendra,
Off Pandurang Budhwar Marg, Worli Mumbai-400018,
Phone: 022-4783 8021
Email: info@indianemulsifiers.com
Website: https://indianemulsifiers.com/