Indian Emulsifier IPO Details with GMP-2024
Indian Emulsifier IPO Details with GMP-2024: The Indian Emulsifier IPO is a book-built offering of Rs 42.39 crore. This is a 32.11 lakh share fully new issue.
Bidding for the Indian Emulsifier Initial Public Offering (IPO) began on May 13, 2024, and it will end on May 16, 2024. On Friday, May 17, 2024, the allotment for the Indian Emulsifier IPO is anticipated to be completed. The Indian Emulsifier IPO is scheduled to go public on NSE SME, with a provisional listing date of Wednesday, May 22, 2024.
The pricing range for the Indian Emulsifier IPO is ₹125 to ₹132 per share. An application must have a minimum lot size of 1000 shares. Retail investors are required to invest a minimum of ₹132,000. HNI requires a minimum investment of two lots, or 2,000 shares, totaling ₹264,000.
Indian Emulsifier IPO Today GMP
| Date | IPO GMP |
| Today | ₹220 |
| 15 May | ₹180 |
| 14 May | ₹180 |
| 13 May | ₹200 |
| 10 May | ₹200 |
| 9 May | ₹200 |
| 8 May | ₹180 |
Indian Emulsifier 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 |
Indian Emulsifier IPO Timeline Details
Indian Emulsifier IPO opens on May 13, 2024, and closes 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 |
Indian Emulsifier IPO Reservation
Indian Emulsifier IPO offers 3,211,000 shares. 610,000 (19.00%) to QIB, 460,000 (14.33%) to NII, 1,070,000 (33.32%) to RII and 910,000 (28.34%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| 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%) |
Lot Size Details of Indian Emulsifier IPO
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹132,000 |
| Retail (Max) | 1 | 1000 | ₹132,000 |
| HNI (Min) | 2 | 2,000 | ₹264,000 |
Financial Information of Indian Emulsifier Limited
Indian Emulsifier Limited’s revenue increased by 132.9% and profit after tax (PAT) rose by 8935.73% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 Indian Emulsifier Limited
CORE IDEOLOGY: To become a pioneer and leading manufacturer in the Specialty chemicals industry, providing the finest services to our diverse customers keeping in mind our principles of conducting business with pride, integrity and ethics.
INDUSTRY: Indian Emulsifiers manufactures, supplies and markets a diverse range of speciality chemicals to industries such as Food, Cosmetic, Pharmaceutical, Personal care, Home care, Institutional & Industrial Cleaning, Metal Cleaning, Metal Working, Lubricants, Textiles, Mining, Oilfields, Agriculture and Paint & Pigments.
COMPETENCIES: Indian Emulsifiers core team has over 30 years of rich and unparalleled experience in the chemical industry each making Indian Emulsifiers a pioneer and leading manufacturer of speciality chemicals.
FACILITY: The company has set up a state of art manufacturing facility at MIDC LOTE. The facility is located 225 km from the country’s financial hub Mumbai on the west coast of India. The proximity to Mumbai and its ports makes it an ideal location. The facility has a production capacity of 6000 metric tons per annum, equipped with computerized process control, innovative R&D centre, Quality Control and Application Laboratories. Operations at the facility are managed by an able and motivated team of highly qualified technical personnel, having expertise in their individual fields.
Multipurpose facility designed to have a high degree of flexibility to meet customer needs. Stainless steel reactors. The facility can carry out reactions at temperatures ranging from 10 C to 250 C. and pressure 5 Hg to 8kg/cm, The reactors are equipped with condenser, vacuum arrangement and receiver and high speed stirred reactor.
FAQ’s for Indian Emulsifier Limited
Indian Emulsifier IPO Expected Returns?
The Indian Emulsifier expected return is 167%.
What is Indian Emulsifier IPO GMP Today?
Indian Emulsifier IPO Details with GMP-2024 #Indian Emulsifier IPO Details with GMP-2024
#Indian Emulsifier IPO Details with GMP-2024 #Indian Emulsifier IPO Details with GMP-2024
#Indian Emulsifier IPO Details with GMP-2024Indian Emulsifier IPO Details with GMP-2024
