Essen Speciality Films Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Essen Speciality

CMP

150.00

-0.25 (-0.17%)

₹107

Offer Price

₹ 66.33 Cr

Issue Size

₹ 1,28,400

Min Investment

1,200

Lot size

Time Line

  • 23
    Jun 2023
    Open
  • 27
    Jun 2023
    Close
  • 03
    Jul 2023
    Finalisation of Basis of Allotment
  • 04
    Jul 2023
    Initiation of Refunds
  • 05
    Jul 2023
    Transfer of Shares to Demat Account
  • 06
    Jul 2023
    Listing Date

Objects of the Offer

  • Strengthen our marketing network.

  • Expand our existing product portfolio.

  • Expand our customer base.

  • Increasing our Global presence.

Strengths

  • Trusted brand and strong parentage.

  • Socially and ethically compliant fully-integrated manufacturer of customized and sustainable specialized plastic products.

  • Wide-spread domestic and international market presence.

  • Comprehensive product portfolio enables us to serve our customers spread across diverse industry verticals.

  • Technology backed infrastructure to support innovative and quality solutions.

Risks

  • The Company has adopted an integrated business model and its commercial success is largely dependent upon the company ability to develop innovative specialized plastic products suitable to the needs of its customers. The company inability to effectively utilize and manage its PPD and Design Divisions to develop innovative products would impact its integrated business model, thereby affecting the utility of the company products resultantly impacting its revenue and profitability.

  • The commercial success of its products depends to a large extent on the success of the company customers. If the industry or the business in which its customers are engaged in does not perform well, it could have a material adverse effect on its business, financial condition and results of operations.

  • The company depend on a few customers of its products, for a significant portion of the company revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect its business and results of operations.

  • Any inability to pass on increased price of the raw material, used for manufacturing its products may affect the company profitability.

  • The company is subject to extensive government regulation with respect to the raw materials used in its manufacturing process. A failure to comply with the relevant environmental regulations or any noncompliance with, or changes in, regulations applicable to it may adversely affect the company business, results of operations, financial condition and cash flows.

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2022 3-Yr trend
Revenue 13.37 (-) 118.61 (-) 8.71 (-)
Gross Profit 13.37 (-) 118.61 (-) 8.71 (-)
Net Income 13.37 (-) 118.61 (-) 8.71 (-)
Assets 13.37 (-) 118.61 (-) 8.71 (-)
Liabilities 13.37 (-) 118.61 (-) 8.71 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Shaily Engineering Plastics Ltd 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Supreme Industries Ltd 7,772.82 968.45 4,995.87 4,995.87 25.19 76.24 302.59 19.38 0.00
Essen Speciality Films Ltd 118.47 2.26 96.97 25.83 8.71 0.00 44.47 3.40 0.27

Book Running Managers

  • GYR Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Plot No. A Survey No. 192,
Veraval (Shapar),
Rajkot - 360002
Phone : 91-9825312701 Email : info@essenspeciality.com www.essenspeciality.com

Offer Related Information

Initial public offer of 61,99,200 equity shares of face value of Rs. 10/- each ("Equity Shares") of Essen Speciality Films Limited (the "Company" or "Essen" or "Issuer") at an offer price of Rs. 107 per equity share (including a share premium of Rs. 97 per equity share) for cash, aggregating Rs. 66.33 crores* ("Public Offer") comprising a fresh issue of 46,99,200 equity shares aggregating to Rs. 50.28 crores* (the "Fresh Issue") and an offer for sale of 2,00,000 equity shares by Khushboo... More

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