Essen Speciality Films (NSE SME)
June 23, 2023 – June 27, 2023
| Price | ₹101 - ₹107 |
| Premium | ₹57 |
|---|---|
| Lot size | 1200 |
| Allotment | Jul 3, 2023 |
| Listing | Jul 6, 2023 |
Essen Speciality Films Limited
Plot No. A,
Survey No. 192,
Veraval (Shapar), Rajkot – 360 024
Phone: +91 98253 12701
Email: info@essenspeciality.com
Website: https://www.essenspeciality.com/index.html
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 11,77,200 | 5,32,84,800 | 45.26 |
| NIB | 8,84,400 | 9,95,50,800 | 112.56 |
| RETAIL | 20,61,600 | 14,03,29,200 | 68.07 |
| Total | 41,23,200 | 29,31,64,800 | 71.1 |
| Retail Apps | 1,16,941 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 128400 | 0 |
| HNI | 2 | 2400 | 256800 | 0 |
Incorporated in 2002, Essen Speciality Films Limited manufactures and exports specialized plastic products in the home improvement and home furnishing industry, to multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl's, Kroger, etc.
The company's product list includes bath area and accessories, artificial plants & flowers, kitchen & dining, storage & organization, fitness & lifestyle, and outdoor & utility products, and customized products, which include plastic films, Spa slippers, Baby shower caps, green-house gutter sheets, etc. The company markets and sells its products predominantly under three brands; 'Draperi' for shower curtains, 'Runner' for shelf liners, and 'Paperi' for artificial plants and placemats.
They have a diversified customer base and are spread across various industries, including but not limited to home furnishing, home decor, departmental stores, discount retailers, hypermarkets, hardware, and home improvement, office supplies stores, agricultural and medical industry, and international importers and wholesale distributors.
The company supplies its products to twenty-four (24) countries, including but not limited to, China, Saudi Arabia, the United States of America, Qatar, United Kingdom, Germany, Italy, Canada, Romania, Denmark, Poland, New Zealand, United Arab Emirates, Spain, Austria, France, Australia, Kuwait, Belgium, Austria, Sweden, and Mexico.
Essen Speciality Films has been recognized as a 'two-star export house' by the Ministry of Commerce & Industry, Government of India. And was awarded with the 'Best Supplier of the Year', twice by IKEA.
Essen Speciality Films IPO Details
| Total Issue Size | 6,199,200 shares (aggregating up to ₹66.33 Cr) |
| Fresh Issue | 4,699,200 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 1,500,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 310,800 shares Smc Global Securities |
Essen Speciality Films IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Company Financials
| Period Ended | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
|---|---|---|---|
| Total Assets | 10,440.24 | 11,859.28 | 10,970.82 |
| Total Revenue | 9,680.78 | 11,857.17 | 12,048.09 |
| Profit After Tax | 913.73 | 516.90 | 1,337.23 |
| Net Worth | 6,707.76 | 7,224.65 | 8,561.89 |
| Reserves and Surplus | 6,607.76 | 5,624.66 | 6,961.89 |
| Total Borrowing | 1,541.36 | 2,583.00 | 657.40 |