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Indian Emulsifiers IPO: If you are also thinking of betting on Initial Public Offering i.e. IPO, then this news is for you. Actually, the IPO of Indian Emulsifiers Limited is about to be launched. The IPO will open for subscription on 13 May 2024 and close on 16 May 2024. The probable date of allotment of this IPO is 17th May. Indian Emulsifier IPO listing may take place on May 22. It is noteworthy that the IPO will be listed on NSE MSE.
What is the issue price?
The price band of Indian Emulsifiers IPO has been fixed at Rs 125-132 per share. The lot size for an application is 1000 shares. Retail investors will have to invest a minimum of ₹1,32,000. Ekadashti Capital Private Limited is the book running lead manager of this IPO. Mashitala Securities Private Limited is the registrar to the issue.
GMP's Datalus
The gray market premium of the IPO is Rs 175, which is 132 per cent more than the issue price. In this context, IPO listing can cross Rs 300. The amount of investors who will be allotted IPO will be doubled on the day of listing.
financial situation
Indian Emulsifiers' operating revenue by December 2023 is Rs 48.67 crore. Thus, the net profit for December 2023 has been declared at Rs 6.75 crore. This company is active in the specialty chemicals industry. The company specializes in esters, phosphate esters, imidazolines, succinimides, sulfosuccinates, specialty emulsifiers. The company is active in mining, apparel, cleaning, industry, PVC/rubber among other sectors.