Indian Emulsifier IPO: Check issue size, price band, GMP and other details
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Synopsis
Indian Emulsifier IPO GMP: Indian Emulsifier's SME IPO, aiming to raise Rs 42.39 crore, offers shares at Rs 125-132 each. The company's revenue for Dec 2023 was Rs 48.7 crore with a net profit of Rs 6.75 crore.
By Akash Podishetty, ETMarkets.com
Last Updated:
The SME IPO of Indian Emulsifier will open for subscription today and will close on May 16. The company aims to raise about Rs 42.39 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) About Indian Emulsifier
The company is into manufacturing of specialty chemicals industry, with a focus on esters, phosphate esters, imidazolines, succinimides, sulfosuccinates, specialty emulsifiers and formulated products. The company serves specialty chemicals to a wide range of industries such as mining, textile, cleaning industry, PVC (Poly Vinyl Chloride)/ rubber, personal care, food and other industries.
2) Industry overview
India's chemical sector, which is currently estimated to be worth $220 billion in 2022 and is anticipated to grow to $300 billion by 2025 and $1 trillion by 2040.
3) Indian Emulsifier IPO size
The IPO is entirely a fresh equity issue of 32.11 lakh shares and through the issue, the company aims to raise nearly Rs 42 crore.
4) Indian Emulsifier IPO price band
The company is offering its shares at Rs 125-132 apiece, and investors can bid for 1000 shares in 1 lot.
5) Indian Emulsifier IPO financial performance
For the period ended December 2023, the company clocked revenues of Rs 48.7 crore and net profit of Rs 6.75 crore.
Also Read: IPO Calendar: Primary market to host Go Digit's highly-anticipated issue, 4 SME IPOs & 12 listings next week
6) Objects of the offer
The net proceeds from the public offer will be used for funding of capital expenditure for our company towards purchase of plant, machinery, working capital requirements and general corporate purposes.
7) Lead managers and Registrar
Ekadrisht Capital is acting as the lead manager to the issue and Maashtila Security Services is the registrar.
8) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors and the rest 15% for non-retail investors.
9) Important dates
The IPO opened on May 13 and will close on May 16. The final allotment will likely be made on May 17. The company's shares will likely get listed on May 22.
10) Indian Emulsifier GMP
Ahead of the issue opening, the company's shares traded with a GMP of Rs 200 in the unlisted market.
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1) About Indian Emulsifier
The company is into manufacturing of specialty chemicals industry, with a focus on esters, phosphate esters, imidazolines, succinimides, sulfosuccinates, specialty emulsifiers and formulated products. The company serves specialty chemicals to a wide range of industries such as mining, textile, cleaning industry, PVC (Poly Vinyl Chloride)/ rubber, personal care, food and other industries.2) Industry overview
India's chemical sector, which is currently estimated to be worth $220 billion in 2022 and is anticipated to grow to $300 billion by 2025 and $1 trillion by 2040.3) Indian Emulsifier IPO size
The IPO is entirely a fresh equity issue of 32.11 lakh shares and through the issue, the company aims to raise nearly Rs 42 crore.4) Indian Emulsifier IPO price band
The company is offering its shares at Rs 125-132 apiece, and investors can bid for 1000 shares in 1 lot.5) Indian Emulsifier IPO financial performance
For the period ended December 2023, the company clocked revenues of Rs 48.7 crore and net profit of Rs 6.75 crore.ADVERTISEMENT
Also Read: IPO Calendar: Primary market to host Go Digit's highly-anticipated issue, 4 SME IPOs & 12 listings next week
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6) Objects of the offer
The net proceeds from the public offer will be used for funding of capital expenditure for our company towards purchase of plant, machinery, working capital requirements and general corporate purposes.ADVERTISEMENT
7) Lead managers and Registrar
Ekadrisht Capital is acting as the lead manager to the issue and Maashtila Security Services is the registrar.8) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors and the rest 15% for non-retail investors.ADVERTISEMENT
9) Important dates
The IPO opened on May 13 and will close on May 16. The final allotment will likely be made on May 17. The company's shares will likely get listed on May 22.10) Indian Emulsifier GMP
Ahead of the issue opening, the company's shares traded with a GMP of Rs 200 in the unlisted market.(You can now subscribe to our ETMarkets WhatsApp channel)
