About the Company:
Indian Emulsifiers Ltd is engaged in the business of manufacturing and supplying of Specialty Chemicals i.e., Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers.
Company is manufacturing the Specialty chemicals industry, with a focus on Esters, Phosphate Esters, Imidazolines, Succinimides, Sulfosuccinates, Specialty Emulsifiers and formulated products.
Company serves specialty chemicals to wide range of industries such as Mining, Textile, Cleaning Industry, PVC (Poly Vinyl Chloride)/ Rubber, Personal Care, Food and Other Industries.
Company’s vision is to become a pioneer specialty chemicals manufacturer with a focus on tailor-made solutions to meet customers’ diverse requirements.
Products Manufactured by the Company:
- Esters.
- Amphoterics.
- Phosphate esters.
- Imidazolines.
- Wax emulsions.
- SMO & PIBSA Emulsifiers.
Company’s Share of revenue through application of products across various Industry Segments: (in lakhs)
Company’s Manufacturing Facilities:
Company has its manufacturing plant at Plot No. E-10 MIDC, Lote Parshuram, Tal. Khed, Ratnagiri 415 722, Maharashtra, India since inception. The facility has a production capacity of 4,800 metric tons per annum as on March 31, 2023 and 3,600 MT per annum for the period ended December 31, 2023, equipped with process control, innovative R&D centre, Quality Control and Application Laboratories.
The manufacturing facility has a production capacity of 4,800 metric tons per annum the capacity has been increased from 2400 MT per annum to 4,800 MT per annum due to additional Reactors installed.
Company’s Capacity & Capacity Utilization:
Management Team:
- Yash Tikekar (Designation: Chairman and Managing Director)
- Abhay Tikekar (Designation: Whole Time Director)
Objectives of the Issue:
Fresh Issue: (Rs.42.38 cr)
- Funding of capital expenditure requirements of our Company towards Plant & Machinery, Civil work and installation cost thereon.
- Funding Working Capital Requirements of our Company.
- General corporate purposes.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Funding of capital expenditure requirements of our Company towards purchase of Plant & Machinery, Civil work and installation cost thereon. | 20.91 cr |
| Funding Working Capital Requirements of our Company. | 8.50 cr |
Positives for the Company:
Wide and diverse range of product offerings.
- Company has more than 40 plus Specialty Chemicals & Intermediates for Mining, Textile, Cleaning Industry, PVC (Poly Vinyl Chloride)/ Rubber, Personal Care, Food and various other industries. Company proposes to enhance the product basket in various segment.
- Company manufactures various types of chemical such as Esters, Phosphate Esters, Imidazolines, Succinimides, Sulfosuccinates, and Specialty Emulsifiers. Company also manufactures products based on needs and requirements of the clients and our market.
- Company believes that it has necessary resources, experience, and network to launch additional products in future.
Company Plans to Expand the existing manufacturing capacities to capitalise on industry opportunities.
- Company seeks to capitalize on the growth opportunities in the specialty chemicals industry based on our well positioned operations and being led by an experienced management team.
- Company’s aggregate manufacturing capacity has doubled from 2,400 MT in the financial year 2021-22 to 4,800 MT per annum* in the financial year 2022-23 and 3,600 MT per annum for the period ended December 31, 2023.
- Company believes that the expansion plans and strategy will allow it to meet the anticipated increase in the demand for products in the future and enable the company to supply growing markets more efficiently and drive profitability.
Financials of the Company:
| (in Crores) | FY 22 | FY 23 | Upto 31st Dec 23 |
|---|---|---|---|
| Revenue | 17.68 | 41.18 | 48.70 |
| Net Profit | 0.04 | 3.89 | 6.75 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Indian Emulsifier Ltd | 10 | 6.48 | 27.50 | 32.34% | 14.85 |
| Fine Organic Industries Ltd | 5 | 192.63 | 22.84 | 38.80% | 99.29 |
| Fineotex Chemical Ltd | 2 | 4.70 | 79.57 | 19.30% | 24.34 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 13th May 2024 |
| Issue Closes on | 16th May 2024 |
| Issue Price | Rs.125-132 |
| Face Value | Rs.10 |
| Minimum Lot | 1000 Shares |
| Minimum Investment | Rs.1,32,000 |
| Issue Constitutes | 26.27 % |
| Issue Size | Rs.42.38 cr |
| Market Cap | Rs.161 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 32,11,000 (Rs.42.38 cr) |
| Equity Shares Prior to the Issue | 90,11,222 |
| Equity Shares after the Issue | 1,22,22,222 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 17th May 2024 |
| Initiation of Refunds | on or Before 21st May 2024 |
| Credit of Equity Shares: | on or Before 21st May 2024 |
| Listing Date: | on or Before 22nd May 2024 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt Equity Ratio (D/E) |
|---|---|---|---|---|
| 4.80 | 27.50 | 32.34% | 14.85 | 0.97 |
Also Read: Complete List of NSE/BSE Holidays List>>
| Should You Subscribe or Not ? (Markets Guruji’s View) |
|---|
| Indian Emulsifiers Ltd is a leading manufacturer and supplier of specialty chemicals, including Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, and SMO & PIBSA Emulsifiers. The company serves a broad range of industries such as mining, textiles, cleaning, PVC/rubber, personal care, food, and more. With a vision to pioneer in tailor-made specialty chemicals, Indian Emulsifiers Ltd aims to meet diverse customer requirements.
The company plans to expand its manufacturing capacities to seize industry opportunities, positioning itself for significant growth. Investing in their IPO offers a promising long-term prospect as the company continues to innovate and adapt in the specialty chemicals sector. |
| Company Contact Info: |
|---|
| Indian Emulsifiers Ltd Shop 206, Foor-2, Sumer Kendra, Shivram Seth Amrutwar Road Near Doordarshan Kendra, Off Pandurang Budhwar Marg, Worli 400 018, Mumbai, Maharashtra, India. Tel No: 022-4783 8021 E-mail: info@indianemulsifiers.com Website: www.indianemulsifiers.com |
| Registrar to the Issue: |
|---|
| MAASHITLA SECURITIES PRIVATE LIMITED 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi 110034, India. Telephone: +011 4512 1795 Email: ipo@maashitla.com Website: www.maashitla.com |
| Lead Manager to the Issue: |
|---|
| EKADRISHT CAPITAL PRIVATE LIMITED 1102, Summitt Business Bay, Chakala, Andheri Kurla Road, Andheri East Chakala MIDC, Mumbai, 400 093, Maharashtra, India. Tel. No.: +91 89286 31037 Email Id: krunal@ekadrisht.com Website: www.ekadrisht.com |
| Check IPO Allotment Status: |
|---|
Maashitla Website: http://Maashitla/IPO/Allotment_Status |
| Find the List of Upcoming IPOs in India: |
|---|
Upcoming IPOs in India (Click on the below Link)https://www.marketsguruji.com/upcoming-ipos-in-india/ |
