Essen Speciality Films, incorporated on August 14, 2002, operates as a manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry. The company serves leading multinational modern trade retailers including IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, Kroger, and more
| Bidding Dates |
|---|
| 23 Jun 2023 - 27 Jun 2023 |
| Subscription |
|---|
| 66.12x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,400 | 1 | 1 | 1200 | 6.2 M | ₹101 - ₹107 | 70.05 % | ₹626.1 M - ₹663.3 M | RHP DOC |
Essen Speciality IPO SUBSCRIPTION STATUS
27 Jun '23Essen Speciality IPO overall subscription rate was 66.12 times the total available shares
Essen Speciality IPO retail subscription rate was 90.42 times in the retail segment
Essen Speciality IPO non-institutional investor subscription rate was 149.68 times in the non-institutional investor category
Essen Speciality IPO Qualified Institutional Bidder subscription rate was 24.03 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
27 Jun 2023 (Day 3) | 90.42x | 149.68x | 24.03x |
26 Jun 2023 (Day 2) | 30.59x | 11.92x | 3.78x |
23 Jun 2023 (Day 1) | 5.3x | 1.55x | 2.79x |
Essen Speciality FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY23 | 133.7 | 1,186.1 | 252.7 | 229.5 |
| FY22 | 51.7 | 1,174.4 | -69.0 | -142.1 |
| FY21 | 91.4 | 957.8 | 85.2 | 1.0 |
Essen Speciality IPO SUBSCRIPTION STATUS DETAILS
Essen Speciality had 6.2 M shares on offer
Essen Speciality IPO offer price was in the range ₹101 - ₹107
Essen Speciality IPO minimum Investment was ₹128400
Essen Speciality IPO issue size was ₹ 626.1 M - ₹ 663.3 M
Essen Speciality had a minimum lot size of 1200 Shares per application
Essen Speciality NUMBER OF SHARES ON OFFER
Essen Speciality IPO IMPORTANT DATES
| Issue Open Date | 23 Jun 2023 |
| Issue close Date | 27 Jun 2023 |
| Allotment Date | 03 Jul 2023 |
| Refund Date | 04 Jul 2023 |
| Demat Account Credit Date | 05 Jul 2023 |
| Listing Date | 06 Jul 2023 |
| Listing on Exchange(s) | NSE |
| Essen Speciality Allotment Status | Exchange |
Essen Speciality IPO subscription opened on 23 Jun 2023, and closed on 27 Jun 2023
IPO allotment for Essen Speciality was finalized on Monday, 03 Jul 2023
IPO listing for Essen Speciality was on NSE on Thursday, 06 Jul 2023
Essen Speciality IPO LISTING GAINS
| Issue Price (adjusted) | 89.2 |
| Listing Open Price | 140.0 |
| Listing Close Price | 147.0 |
| Listing Gain% | 30.8% |
| Current Gain% | 41.6% |
Essen Speciality Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Essen Speciality Films Ltd. | 126.2 | 261.3 | -77.7 | 0.5 | 2 | -2.8 | -1.9 | 164.5 | -6.4 | -4 | -134.5 | -1.6 | -149 |
| Sheela Foam Ltd. | 677.4 | 7397.4 | 34.5 | 0.1 | 1.8 | 4.9 | 3.1 | 3875.1 | 8.5 | 159.6 | 66.1 | 19.6 | 273.1 |
| Greenlam Industries Ltd. | 273.7 | 6983.4 | 75.1 | 0.4 | 2.2 | 4.8 | 1.9 | 3054.3 | 18.4 | 56.3 | -19.3 | 3.6 | 172.9 |
| Responsive Industries Ltd. | 169.4 | 4517.4 | 30.4 | -1.2 | 3.2 | 9.5 | 8 | 1404.2 | -1.6 | 148.4 | -25.4 | 5.6 | -25.4 |
| Wakefit Innovations Ltd. | 127.8 | 4233.1 | 21.9 | 2.7 | 16.7 | 10.8 | 1534.4 | 17.5 | 189.2 | 640.4 | 5.8 | ||
| Euro Pratik Sales Ltd. | 314.1 | 3210.1 | 41.6 | 85.9 | 9.6 | 24.9 | 19.4 | 343 | 17.7 | 77.1 | 0.5 | 7.5 | 0.5 |
Essen Speciality INFORMATION ON IPO ISSUE
About Essen Speciality
Essen Speciality Films, incorporated on August 14, 2002, operates as a manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry. The company serves leading multinational modern trade retailers including IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, Kroger, and more
Object of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
- Funding the working capital requirements
- General corporate purposes
Essen Speciality - PROMOTERS
| Name |
|---|
| Pallav Kishorbhai Doshi |
| Khushboo Chandrakant Doshi |
| Karishma Rajesh Doshi |
Essen Speciality Lead Manager of the Issue
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Essen Speciality Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Essen Speciality Strengths
Trusted brand
The company's strong brand is built on the trust of its customers, and it has maintained a consistent and longstanding leadership position as a manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry
Comprehensive product portfolio
The company operates within the home improvement and home furnishing industry, allowing it to manufacture a wide range of multi-purpose, customizable, diversified, technologically advanced, and solution-oriented specialized plastic products
Wide-spread market presence
Thanks to its established market presence and integrated business model, the company has successfully established a strong domestic and international market presence. As a result, it caters to a wide range of manufacturers operating across various industries
Essen Speciality Risks
Dependent on a few customers
The company relies on a limited number of key customers for a significant portion of its revenue. Any decline in revenue or sales from these customers could have an adverse impact on the business
Outstanding litigations
The company, along with its promoters and directors, is currently involved in ongoing litigation. Any adverse rulings or outcomes from these legal proceedings could have an impact on the business and financial condition
IPO FAQs
Essen Speciality Films Ltd. IPO listing opened at Rs 140.00 while the issue price was Rs 107.00 giving 30.84% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 89.17 giving 41.58% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 16.0 crore, of 1,500,000 shares. It also consists of a fresh issue of Rs 50.3 crore.
The promoters of the company are Pallav Kishorbhai Doshi, Khushboo Chandrakant Doshi and Karishma Rajesh Doshi.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 101.0 - 107.0.
The IPO application opens on Jun 23, 2023 and closes on Jun 27, 2023.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 128,400.0, the maximum value for this IPO is Rs 128,400.0.
This IPO will be allotted on Jul 03, 2023.
The refund will be credited to your account on Jul 04, 2023.
The allotted shares will be credited to your demat on Jul 05, 2023.
Essen Speciality Films Ltd.’s shares listed on the stock exchanges on Jul 06, 2023.