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
- Esters
- Amphoteric
- Phosphate esters
- Imidazolines
- Wax emulsions
- SMO & PIBSA Emulsifiers
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.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding of capital expenditure requirements of the Company towards Plant & Machinery, Civil work and installation cost thereon; | — |
| Funding Working Capital Requirements of our Company; | — |
| General corporate purposes | — |
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 6,177 | 3,432 | 1,910 |
| Revenue | 4,870 | 4,118 | 1,768 |
| PAT | 675 | 389 | 4 |
| Net Worth | 2,636 | 1,204 | 815 |
| Reserves | 1,735 | 393 | 4 |
| Total Borrowing | 2,244 | 2,030 | 1,069 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,070,000 (33%) | — |
| NII / HNI | — | 1,070,000 (33%) | — |
| Retail (RII) | — | 1,070,000 (33%) | — |
| Market Maker | — | 1,070,000 (33%) | — |
| Total | — | 3,211,000 (100%) | — |
* Amount calculated at upper price band (₹132) · ** Total includes all investor categories
- 1 Initiation of Refund 21 May 2024
- 2 Credit of Shares to Demat 21 May 2024
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is strong at 33%.
- Institutional (QIB) interest is strong at 33%.
- The IPO P/E of 18x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹4 compares to post-issue EPS of ₹7 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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