Indian Emulsifiers Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Indian

CMP

383.00

+2.70 (0.71%)

  • DRHP
₹132

Offer Price

₹ 42.39 Cr

Issue Size

₹ 1,32,000

Min Investment

1,000

Lot size

Time Line

  • 13
    May 2024
    Open
  • 16
    May 2024
    Close
  • 17
    May 2024
    Finalisation of Basis of Allotment
  • 21
    May 2024
    Initiation of Refunds
  • 21
    May 2024
    Transfer of Shares to Demat Account
  • 22
    May 2024
    Listing Date

Objects of the Offer

  • Expand its existing product portfolio.

  • Expand its existing manufacturing capacities to capitalise on industry opportunities.

  • Increasing Operational efficiency.

  • Continue to focus on contract manufacturing / exclusive manufacturing by developing innovative processes and value engineering.

  • Continue to focus on innovation and grow its business across customer segments.

Products & Services

  • The Company was incorporated with the objective of Manufacturing and Supplying of Specialty Chemicals.

Strengths

  • Experienced Promoter and Management Team.

  • Scalable Business Model.

  • Wide and diverse range of product offerings.

  • In-house manufacturing facility with equipped machines and processes. Further having in-house Quality Control and Research & Development facility.

Risks

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

  • Its reliance on certain industries for a significant portion of the company sales could have an adverse effect on its business.

  • The property used by the Company for the purpose of its operations and storage is not owned by it. Any termination of the relevant lease agreement or rent agreement in connection with such property or its failure to renew the same could adversely affect the company`s operations.

  • The company`s business is dependent and will continue to depends on its manufacturing facilities, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in the company`s manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with the company`s operations could have an adverse effect on its business, financial condition and results of operations.

  • The company derives a significant part of its revenue from major customers. If one or more of such customers choose not to source their requirements from it or to terminate their contracts with the company, its business, financial condition and results of operations may be adversely affected.

Company Promoters

Promoters Holding

Issue For IPO
17.14%
Pre Holding

65.25%

Post Holding

48.11%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 17.68 (0.00%) 41.18 (132.90%) 32.34 (-)
Gross Profit 17.68 (0.00%) 41.18 (132.90%) 32.34 (-)
Net Income 17.68 (0.00%) 41.18 (132.90%) 32.34 (-)
Assets 17.68 (0.00%) 41.18 (132.90%) 32.34 (-)
Liabilities 17.68 (0.00%) 41.18 (132.90%) 32.34 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Indian Emulsifiers Ltd 41.18 3.89 32.37 20.33 32.34 0.00 16.54 11.04 0.63
Fine Organic Industries Ltd 3,023.08 618.10 1,806.60 1,806.60 40.10 201.60 502.69 34.21 0.02
Fineotex Chemical Ltd 517.00 88.32 422.70 422.70 25.32 7.97 32.12 20.89 0.02

Book Running Managers

  • Ekadrisht Capital Pvt Ltd

Registrar & Transfer Agent

Maashitla Securities Pvt Ltd

451 Krishna Apra Bus,
Netaji Subhash Place,
Pitampura - New Delhi-110034
Phone : 011-45121795 Fax: 01145121795

Company Contact Information

Shop # 206 2 Flr Sumer Kendra,
Shivram Seth Amrutwar Rd Worli,
Mumbai - 400018
Phone : 022 4783 8021 Email : info@indianemulsifiers.com www.indianemulsifiers.com

Offer Related Information

Initial public offer of 32,11,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Indian Emulsifiers Limited ("The Company" or "IEML" or "The Issuer") at an issue price of Rs. 132/- per equity share for cash, aggregating up to Rs. 42.39 crores ("Public Issue") out of which 1,61,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 132/- per equity share for cash, aggregating Rs. 2.13 crores will be reserved for subscription by the market maker to the... More

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