Indian Emulsifier IPO opens for subscription on May 13, 2024 and closes on May 16, 2024. The allotment for the Indian Emulsifier IPO is expected to be finalized on Friday, May 17, 2024. Indian Emulsifier IPO will list on NSE SME with tentative listing date fixed as Tuesday, May 21, 2024.
IPO Size: 3,211,000 shares (42.39 Cr) Fresh Issue: 3,211,000 shares (42.39 Cr) Subscription Dates: May 13, 2024 to May 16, 2024 Expected Allotment: Friday, May 17, 2024 Listing Date (Tentative): May 21, 2024 Retail Investors: ₹.132,000 (1000 shares) HNI : ₹.264,000(2 lots, 2000 shares)
| IPO Date | May 13, 2024 to May 16, 2024 |
| Listing Date | May 21, 2024 |
| Face Value | ₹10 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 3,211,000 shares (aggregating up to ₹42.39 Cr) |
| Fresh Issue | 3,211,000 (aggregating up to ₹42.39 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 1,123,850 (35%) |
| Total Shares Offered | 3,211,000 (100%) |
Indian Emulsifier Limited IPO raises ₹ crore from anchor investors. Indian Emulsifier Limited IPO Anchor bid date is January 1, 1970. Indian Emulsifier Limited IPO Anchor Investors list
Indian Emulsifier Limited IPO opens on May 13, 2024 and closes on May 16, 2024.
| IPO Open Date | Monday, May 13, 2024 |
| IPO Close Date | Thursday, May 16, 2024 |
| Basis of Allotment* | Friday, May 17, 2024 |
| Initiation of Refunds* | Monday, May 20, 2024 |
| Credit of Shares to Demat* | Monday, May 20, 2024 |
| Listing Date* | Tuesday, May 21, 2024 |
| Cut-off time for UPI mandate confirmation | 05:00 pm, May 16, 2024 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹ 132,000 |
| Retail (Max) | 1 | 1000 | ₹ 132,000 |
| HNI (Min) | 2 | 2000 | ₹ 264,000 |
| Lot Size Calculator | |||
The promoters of the company are Yash Tikekar
| Share Holding Pre Issue | 65.25% |
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
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.
>As of December 31, 2023, the company has 34 full-time employees, including key managerial personnel.
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
Indian Emulsifier Limited
Shop 206, Foor-2, Sumer Kendra, Shivram Seth
Amrutwar Road Near Doordarshan Kendra,
Off Pandurang Budhwar Marg, Worli Mumbai-400018,
Phone: 022-4783 8021
Email: info@indianemulsifiers.com
Website: https://indianemulsifiers.com/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
| Listing Date | May 21, 2024 |
| Final Issue Price | ₹ 132 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 132 | ₹ 132 |
Indian Emulsifier Limited IPO is a main-board FPO of 3,211,000 equity shares of the face value of ₹ 10 aggregating up to ₹ 42.39 Crores. The issue is priced at . The minimum order quantity is 1000 Shares.
The Indian Emulsifier Limited IPO opens on May 13, 2024 and closes on May 16, 2024.
Retail Investors: ₹.132,000 (1000 shares) Small HNI : ₹.264,000(2 lots, 2000 shares) Big HNI : ₹.1,056,000(8 lots, 8000 shares)
The finalization of Basis of Allotment for Indian Emulsifier Limited IPO will be done on Friday, May 17, 2024, and the allotted shares will be credited to your demat account by Monday, May 20, 2024. Check the Indian Emulsifier Limited IPO allotment status.