Indian Emulsifier IPO: Check Issue Date, Price, Lot Size & Company Financial

IPO Details

Bidding Dates

13 May '24 - 16 May '24

Minimum Investment

₹1,32,000/ 1 Lot (1000 shares)

Price Range

₹125 - ₹132

Maximum Investment

₹1,32,000/ 1 Lot (1000 shares)

Retail Discount

To be announced

Issue Size

₹42.39 Cr

Investor category and sub category

Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) | Eligible employees |

About Indian Emulsifier Limited

Indian Emulsifier Limited, formerly known as Indian Emulsifier Private Limited, was established on December 05, 2020. The company's founder, Yash Tikekar, envisioned it as a leading specialty chemicals manufacturer, focusing on custom solutions to meet diverse customer needs.

Specialising in Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers, Indian Emulsifier Limited operates its manufacturing plant in Maharashtra, India, with an annual production capacity of 4,800 metric tons. ISO 9001:2015 certified, the company serves industries like Mining, Textile, Cleaning, PVC/Rubber, Personal Care, Food, and more.

The facility boasts advanced features like process control, an innovative R&D center, Quality Control, and Application Laboratories. Managed by skilled technical personnel, the facility's flexibility allows for customised production meeting varied consumer demands. With increased capacity and cutting-edge equipment, Indian Emulsifier Limited provides high-quality specialty chemicals.

Industry Outlook:

The specialty chemicals market is projected to grow to US$866.9 Billion by 2030, with agrochemicals driving demand across multiple industrial sectors globally.
India's chemical industry is set to significantly enhance GDP contribution by 2030, backed by the PLI scheme, boosting exports and escalating domestic demand.

Indian Emulsifier Limited IPO Details

Indian Emulsifier Limited IPO Dates

Indian Emulsifier Limited IPO is open from Monday, May 13, 2024, to Thursday, May 16, 2024. The IPO will be listed on NSE SME.

Indian Emulsifier Limited IPO Price Band

Indian Emulsifier Limited is a Book Built Issue IPO. The price range per share is set at ₹125 to ₹132.

Indian Emulsifier Limited IPO Lot Size

The lot size for Indian Emulsifier Limited IPO is 1000 shares with a minimum investment of ₹132,000.

Indian Emulsifier Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

Indian Emulsifier Limited plans to utilise the proceeds to acquire Plant & Machinery and cover Civil work and installation costs.
The company aims to allocate a portion of the funds to fulfil working capital needs. This ensures smooth operations, timely payments, and efficient management of day-to-day expenses.
The remaining funds will be utilised for general corporate purposes, such as acquiring land or property, hiring resources, entering strategic alliances, funding growth opportunities, servicing debt obligations, and meeting operational expenses.

Peer Details

The following are the listed peers of Indian Emulsifier Limited:

Fine Organic Industries Limited
Fineotex Chemical Limited

How to Check the Allotment Status of the Indian Emulsifier Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Indian Emulsifier Limited IPO

Registered office: Shop 206, Foor-2, Sumer Kendra, Shivram Seth Amrutwar Road Near Doordarshan Kendra, Off Pandurang Budhwar Marg, Worli 400 018, Mumbai, Maharashtra, India
Phone: 022-4783 8021
E-mail:info@indianemulsifiers.com

IPO Financials

Particulars	As of December 31,2023	Year ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Revenue (in ₹ Lakhs)	4,870.16	4,118.35	1,768.31	NA
Profit After Tax (PAT) (in ₹ Lakhs)	675.01	389.44	4.31	-0.37
Assets (in ₹ Lakhs)	6,176.63	3,432.26	1,910.22	59.72
Net Worth (in ₹ Lakhs)	2,636.35	1,204.35	814.94	0.63
Reserves and Surplus (in ₹ Lakhs)	1,735.22	393.34	3.93	-0.37
Total Borrowing (in ₹ Lakhs)	2,244.45	2,030.44	1,068.54	58.91

Know before investing

Strengths

Indian Emulsifier Limited possesses a robust in-house manufacturing facility equipped with advanced machinery, including glass-lined reactors and stainless steel equipment. This infrastructure enables the company to maintain quality control and production efficiency.
The company boasts a scalable business model that is customer-centric and order-driven. This model optimally utilises existing resources, ensures quality supply, and achieves economies of scale.
The thriving Indian chemical industry sets a promising stage for Indian Emulsifier Limited's expansion. As the industry gears up to achieve substantial growth in market size and GDP contributions, the company stands to gain from increased investments, innovations, and market shifts.

Risks

The company's revenue heavily relies on sectors like Mining, Personal Care, and Textiles, making it vulnerable to industry-specific fluctuations, regulatory changes, and economic downturns.
Operating without property ownership poses risks, as any termination or unfavourable changes in lease agreements could disrupt operations and increase costs.
Risks such as equipment breakdowns, industrial accidents, or labour disputes could lead to production slowdowns, impacting business continuity and financial performance.
Indian Emulsifier Limited faces risks from a significant portion of revenue coming from a few major customers and a heavy reliance on key suppliers. This situation exposes the company to potential challenges such as order cancellations, payment delays, disputes with suppliers, or loss of customers, which could impact operations and profitability.