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
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
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 65.25 | 48.11 |
| Share Capital | 5880050 | 5880050 |
Offer to Public
35,00,000.00 Cr
Project Details
- Funding Working Capital Requirements of our Company. - 85cr
- General Corporate Purposes - 97.92cr
- Funding of capital expenditure requirements of our Company towards purchase of Plant & Machinery - 209.15cr
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
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 34,32,25,824.00 | 8,11,01,000.00 | -0.37 | -0.37 | -3.7 |
| 2024 | 63,87,20,400.00 | 9,01,12,220.00 | 4.31 | 4.31 | 0.0717 |
| 2021 | 59.72 | 1.00 | 4.31 | 4.31 | 0.0717 |
| 2022 | 1,910.22 | 811.01 | -0.37 | -0.37 | -3.7 |
