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Open
13 May 2024
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Close
16 May 2024
3
Allotment
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Listing
Wed, May 22, 2024
Price Band
₹125 to ₹132
Issue Size
32,11,000 shares (agg. up to ₹42 Cr)
Lot Size
1,000 Shares
Listing Date
Wed, May 22, 2024
Latest GMP
₹240
Est. Gain
181.82%
✦ AI Insight
GMP Trend
22-05-2024₹240Est. ₹372+181.82%
21-05-2024₹240Est. ₹372+181.82%
20-05-2024₹240Est. ₹372+181.82%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 320.55x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 61.77 | 34.32 | 19.10 | 0.60 |
| Total Income | 48.70 | 41.18 | 17.68 | |
| Profit After Tax | 6.75 | 3.89 | 0.04 | -0.00 |
| NET Worth | 26.36 | 12.04 | 8.15 | 0.01 |
| Reserves and Surplus | 17.35 | 3.93 | 0.04 | -0.00 |
| Total Borrowing | 22.44 | 20.30 | 10.69 | 0.59 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Silkflex Polymers (India) Ltd. | SME | ₹18.11 Cr | ₹52 | 53.76 | ₹58.70 | +12.88% | ₹203.85 (-2.93%) |
| Accent Microcell Ltd. | SME | ₹78.40 Cr | ₹140 | 13.92 | ₹315.00 | +125.00% | ₹509.80 (-2.24%) |
| Deepak Chemtex Ltd. | SME | ₹23.04 Cr | ₹80 | 10.14 | ₹159.60 | +99.50% | ₹76.23 (-0.50%) |
| Saroja Pharma Industries India Ltd. | SME | ₹9.11 Cr | ₹84 | 23.25 | ₹68.25 | -18.75% | ₹29.95 (-4.47%) |
| Platinum Industries Ltd. | Mainboard | ₹235.32 Cr | ₹171 | 18.73 | ₹221.20 | +29.36% | ₹226.54 (-0.33%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards purchase of Plant & Machinery, Civil work and installation cost thereon | 20.92 |
| 2 | Funding Working Capital Requirements of the Company | 8.50 |
| 3 | General Corporate Purposes | 9.79 |
About Indian Emulsifiers IPO
Incorporated in December 2020, Indian Emulsifier Limited is a manufacturer and supplier of Specialty Chemicals i.e., Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The product line of the company includes the following Esters Amphoteric Phosphate esters Imidazolines Wax emulsions SMO & PIBSA Emulsifiers The Company supplies specialty chemicals to a wide range of industries, including Mining, Textile, Cleaning, PVC/Rubber, Personal Care, Food, and others. Indian Emulsifier Limited offers over 40 speciality chemicals and intermediates for various industries such as mining, textile, cleaning, PVC/rubber, personal care, and food. The Company is as ISO 9001:2015 certified company. The company operates a manufacturing plant located in Ratnagiri, Maharashtra. The facility has a production capacity of 4,800 metric tons per annum, which has been increased from 2,400 MT per annum by the installation of additional reactors. The plant is equipped with process control, an innovative R&D center, quality control, and application laboratories. The company has two warehouses one situated in Raigad, Maharashtra and the second one in Ratnagiri Maharashtra
Contact Details
Indian Emulsifiers Ltd. AddressShop 206, Foor-2, Sumer Kendra, Shivram SethAmrutwar Road Near Doordarshan KendraOff Pandurang Budhwar Marg, WorliMumbai, Maharashtra, 400018022-4783 8021info@indianemulsifiers.comVisit Website