The Indian Emulsifier IPO is a significant event in the specialty chemical industry. The company, which specializes in Esters, Phosphate Esters, Imidazolines, Succinimides, Sulfosuccinates, Specialty Emulsifiers, and formulated products catering to various industries such as mining, textile, cleaning, PVC/rubber, personal care, and food¹²³⁴, is offering a fresh issue of 32.11 lakh shares, amounting to Rs 42.39 crores.
The subscription period for the Indian Emulsifier IPO begins on May 13, 2024, and concludes on May 16, 2024. The allotment of shares is anticipated to be completed by May 17, 2024. The IPO will be listed on the NSE SME platform, with a tentative listing date of May 22, 2024.
Investors can participate in the Indian Emulsifier IPO at a price band of ₹125 to ₹132 per share. The minimum lot size for retail investors is 1000 shares, requiring an investment of ₹132,000. High Net Worth Individuals (HNIs) can invest a minimum of ₹264,000 for 2 lots, equivalent to 2,000 shares.
Ekadrisht Capital Private Limited is the lead manager for the Indian Emulsifier IPO, ensuring the smooth running of the book. Maashitla Securities Private Limited is the registrar for the issue, handling all administrative aspects. Ss Corporate Securities is the market maker for the Indian Emulsifier IPO, providing liquidity and stability to the shares post-listing.
Stay tuned for more updates on the Indian Emulsifier IPO and don’t miss the chance to invest in the future of Indian Emulsifier, a key player in the specialty chemical industry.
IPO Details :
| Company Name | Indian Emulsifier |
| Sector | Specialty Chemical |
| IPO Type | SME |
| IPO Open date | 13th May 2024 |
| IPO Close date | 16th May 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,32,000 |
| HNI (Min) | 2 | 2000 | 2,64,000 |
IPO Timeline:
| IPO Open Date | 13th May 2024 |
| IPO Close Date | 16th May 2024 |
| Basis of Allotment | 17th May 2024 |
| Refund Initiation Date | 21st May 2024 |
| Shares Credit to Demat | 21st May 2024 |
| Listing Date | 22nd May 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
