Indian Emulsifiers Limited

13 May 2024 - 16 May 2024 Individual Category SME NSE

Min Investment

₹250000

Price Band

₹125-₹132

Issue Size

23.01 lakhs
Equity Shares

Lot Size

1000 (per lot)

IPO Dates
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13 May 2024

Open Date

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16 May 2024

Close Date

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17 May 2024

Allotment Date

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22 May 2024

Listing Date

Indian Emulsifier IPO is open for subscription starting Monday, May 13, 2024, and closing on Thursday, May 16, 2024. The price of this upcoming IPO is decided at Rs 125 to Rs 132 per share. The minimum lot size set for the retail category is 1000 shares. Meanwhile, the minimum lot size for the HNI category is two lots with 2000 shares. The minimum investment required for retail category investors is Rs 1,32,000 (132 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,64,000 (132 x 2000 shares). Indian Emulsifier IPO is a book-built issue of Rs 42.39 crores. This upcoming IPO is a fresh issue of 32.11 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Friday, May 17, 2024. Indian Emulsifier IPO will be listed on NSE SME, and the listing date is fixed on Wednesday, May 22, 2024. The book-running lead manager of Indian Emulsifier IPO is Ekadrisht Capital Private Limited. The registrar for this IPO is Maashitla Securities Private Limited.

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About Indian Emulsifiers Limited

Indian Emulsifier Limited was incorporated in December 2020 and is engaged in the manufacturing and supplying of specialty chemicals. The products of the company are Esters, Amphoteric, Phosphate Esters, Imidazolines, Wax emulsions, SMO and PIBSA Emulsifiers. The company supplies specialty chemicals to different types of Industries such as mining, textile, cleaning, PVC, personal care and food. Indian Emulsifiers operate a manufacturing plant located in Ratnagiri, Maharashtra. Their manufacturing facility has a production capacity of 4800 metric tons p.a which has increased from 2400 MT per annum by installing additional reactors. The plant is completely equipped with process control, research and development centre, quality control and application laboratories. The company has two warehouses one is in Raigad, Maharashtra and other one is in Ratnagiri Maharashtra. As per latest information available, the company had a team of 34 full-time employees serving the company. 

Founded

2020

Managing Director

Yash Tikekar

Parent Organization

IPO Objectives

The net funds received from this initial public offer will be used for funding the capital expenditure requirements of the company toward purchase of new plant and machinery, cost of civil work installation. Additionally to fund the day-to-day capital requirements of the company and for general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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