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TCS, HDFCBANK, SBI Liquid Fund (G)
Indian Emulsifiers Ltd.

IEML

Equity

NSE

Min. Investment

1,25,000.00

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IPO Details

Bidding Dates

13 May 24 - 16 May 24

Price Range ₹

125 - 132

Total Equity

46.20Cr

Lot Size

1000

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

13 May 2024

Offer end

16 May 2024

Allotment

17 May 2024

Refund initiation

21 May 2024

Demat transfer

21 May 2024

Listing

22 May 2024

About Company

Established in December 2020, Indian Emulsifier Limited is a leading manufacturer and supplier of Specialty Chemicals, offering a diverse range including Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The company's product portfolio is diverse, encompassing a range of specialty chemicals essential for various industries. These include Esters, Amphoterics, Phosphate esters, Imidazolines, Wax emulsions, and SMO & PIBSA Emulsifiers. Each of these products serves specific purposes across sectors such as Mining, Textile, Cleaning, PVC/Rubber, Personal Care, Food, and others. Catering to various industries such as Mining, Textile, Cleaning, PVC/Rubber, Personal Care, Food, and others, Indian Emulsifier Limited provides specialty chemicals and intermediates, totaling over 40 offerings. Certified with ISO 9001:2015 standards, the company operates from its manufacturing plant in Ratnagiri, Maharashtra, boasting a production capacity of 4,800 metric tons per annum. This capacity was augmented from 2,400 MT per annum through the installation of additional reactors. The plant is equipped with state-of-the-art facilities including process control, an advanced R&D center, quality control, and application laboratories. Indian Emulsifier Limited manages two warehouses, located in Raigad and Ratnagiri, Maharashtra respectively.

Year Founded

05-12-2020

Promotor Details

Yash Tikekar

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage65.2548.11
Share Capital58800505880050

Offer to Public

35,00,000.00 Cr

Project Details

  • Funding of capital expenditure requirements of our Company towards purchase of Plant & Machinery - 209.15cr
  • General Corporate Purposes - 97.92cr
  • Funding Working Capital Requirements of our Company. - 85cr

Objectives

  • Funding of capital expenditure requirements of our Company towards Plant & Machinery, Civil work and installation cost thereon.Funding Working Capital Requirements of our Company.General corporate purposes.

Highlights

  • The company benefits from a seasoned leadership team with a track record of successful business management and industry expertise, providing stability and strategic guidance.
  • Its business model is designed for scalability, allowing the company to adapt and expand rapidly in response to market demands and growth opportunities.
  • With a comprehensive portfolio of products, the company can cater to various customer needs across different industries, reducing dependency on specific market segments.
  • The presence of an in-house manufacturing facility equipped with modern machinery and processes enhances operational efficiency, quality control, and enables the company to maintain a competitive edge in the market.
  • By prioritizing innovation and continuously expanding its product portfolio, along with investing in research and development, the company remains agile and positioned for sustained growth across diverse customer segments.

Challenges

  • The company faces potential risks from outstanding litigation, which, if resolved adversely, could harm its business, reputation, and financial performance.
  • Heavy reliance on specific industries for a significant portion of its sales poses a risk to the company's overall business stability.
  • The company's dependency on leased property for operations and storage leaves it vulnerable to any termination or non-renewal of lease agreements, potentially disrupting its business operations.
  • Operational disruptions or labor-related issues at its manufacturing facilities could adversely affect the company's financial condition and results of operations.
  • Significant revenue dependency on a few major customers exposes the company to risks associated with the loss of these customers or termination of contracts, potentially impacting its financial performance.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202463,87,20,400.009,01,12,220.00-0.37-0.37-3.7
202159.721.003,89,43,790.003,89,43,790.006.4798
202334,32,25,824.008,11,01,000.00-0.37-0.37-3.7
20221,910.22811.013,89,43,790.003,89,43,790.006.4798
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