Founded in 2002, Essen Speciality Films Limited is a leading manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry. The company caters to multinational modern trade retailers such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, Kroger, and more.
Essen Speciality Films offers a diverse range of products that enhance the bath area and accessories, artificial plants and flowers, kitchen and dining, storage and organization, fitness and lifestyle, and outdoor and utility segments. Additionally, the company provides customized products like plastic films, Spa slippers, Baby shower caps, and green-house gutter sheets.
With a broad customer base spanning various industries including home furnishing, home decor, departmental stores, discount retailers, hypermarkets, hardware and home improvement, office supplies stores, agricultural and medical industry, as well as international importers and wholesale distributors, Essen Speciality Films has established a strong presence in the market.
Company’s global reach extends to 24 countries, including 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.
The commitment to excellence has earned it prestigious recognition in the industry. It holds the distinction of being a ‘two-star export house’ as designated by the Ministry of Commerce & Industry, Government of India. Furthermore, the company has received the esteemed ‘Best Supplier of the Year’ award twice from IKEA, solidifying its reputation as a trusted and valued partner.
It continues to innovate and deliver high-quality plastic products, meeting the evolving needs of its global clientele. With its strong track record and commitment to customer satisfaction, the company remains at the forefront of the industry.
Stock Quote #
- Open: ₹139.00
- High – Low: ₹140.90 – ₹137.50
- Previous Close: ₹139.05
- Total Traded Value: 1,08,000
- Updated On: Jul 18, 2023 4:00 PM
IPO Details #
| IPO Date | Jun 23, 2023 to Jun 27, 2023 |
| Listing Date | Jul 6, 2023 |
| Face Value | ₹10 per share |
| Price | ₹101 to ₹107 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,199,200 shares (aggregating up to ₹66.33 Cr) |
| Fresh Issue | 4,699,200 shares (aggregating up to ₹50.58 Cr) |
| Offer for Sale | 1,500,000 shares of ₹10 (aggregating up to ₹16.05 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,000,000 |
| Share holding post issue | 20,699,200 |
| Market Maker portion | 310,800 shares Smc Global Securities |
Essen Speciality Films IPO Reservation #
| Anchor Investor Shares Offered | 1,765,200 (28.47%) |
| Market Maker Shares Offered | 310,800 (5.01%) |
| QIB Shares Offered | 1,177,200 (18.99%) |
| NII (HNI) Shares Offered | 884,400 (14.27%) |
| Retail Shares Offered | 2,061,600 (33.26%) |
| Total Shares Offered | 6,199,200 (100%) |
IPO Timetable (Tentative) #
Essen Speciality Films IPO opens on Jun 23, 2023, and closes on Jun 27, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 23 June 2023 |
| Closing Date | Tuesday, 27 June 2023 |
| Basis of Allotment | Monday, 3 July 2023 |
| Initiation of Refunds | Tuesday, 4 July 2023 |
| Credit of Shares to Demat | Wednesday, 5 July 2023 |
| Listing Date | Thursday, 6 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 27, 2023 |
IPO Lot Size #
The Essen Speciality Films IPO lot size is 1200 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹128,400 |
| Retail (Max) | 1 | 1200 | ₹128,400 |
| HNI (Min) | 2 | 2,400 | ₹256,800 |
Essen Speciality Films IPO Promoter Holding #
Pallav Kishorbhai Doshi, Khushboo Chandrakant Doshi, and Karishma Rajesh Doshi are the company promoters.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 10,440.24 | 9,680.78 | 913.73 | 6,707.76 | 6,607.76 | 1,541.36 |
| 31-Mar-22 | 11,859.28 | 11,857.17 | 516.90 | 7,224.65 | 5,624.66 | 2,583.00 |
| 31-Mar-23 | 10,970.82 | 12,048.09 | 1,337.23 | 8,561.89 | 6,961.89 | 657.40 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 16.5 |
| Market Cap (₹ Cr.) | 220 |
| ROE | 17.08% |
| ROCE | 12.19% |
| Debt/Equity | 0.08 |
| EPS (Rs) | 8.36 |
| RoNW | 15.62% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company,
- Funding the working capital requirements, and
- General corporate purposes.
Essen Speciality Films IPO Subscription Status (Bidding Detail) #
The Essen Speciality Films IPO is subscribed 71.03 times on Jun 27, 2023 7:29:00 PM. The public issue subscribed 68.07 times in the retail category, 45.26 times in the QIB category, and 112.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 45.26 |
| NII | 112.21 |
| Retail | 68.07 |
| Total | 71.03 |
Total Application : 116,940 (68.07 times)
Essen Speciality Films IPO Prospectus #
- Essen Speciality Films IPO DRHP
- Essen Speciality Films IPO RHP
- Anchor Investors in Essen Speciality Films IPO
IPO Listing Details #
| Listing Date | Jul 6, 2023 |
| BSE Script Code | |
| NSE Symbol | ESFL |
| ISIN | INE0ITO01014 |
| Final Issue Price | ₹107 per share |
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
Essen Speciality Films IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Essen Speciality Films IPO Lead Manager(s) #
Frequently Asked Questions #
What is Essen Speciality Films Limited, and what products do they manufacture? #
Essen Speciality Films Limited is a company incorporated in 2002 that specializes in manufacturing and exporting specialized plastic products in the home improvement and home furnishing industry. They offer a wide range of products, including bath area and accessories, artificial plants & flowers, kitchen & dining, storage & organization, fitness & lifestyle, outdoor & utility products, and customized plastic films for various purposes.
Which multinational retailers does Essen Speciality Films supply its products to? #
They supplies its products to a range of multinational modern trade retailers. These retailers include IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, Kroger, and others.
What is the IPO date and price for Essen Speciality Films? #
The Essen Speciality Films IPO is scheduled to be open for public subscription from June 23, 2023, to June 27, 2023. The price range for the IPO shares is set at ₹101 to ₹107 per share.
What is the lot size and issue size for Essen Speciality Films IPO? #
The lot size for the Essen Speciality Films IPO is 1200 shares per lot. The total issue size is 6,199,200 shares, aggregating up to ₹66.33 Crores.
How can I check the IPO allotment status for Essen Speciality Films? #
The allotment status for the Essen Speciality Films IPO is expected to be available on July 3, 2023. Investors can check their allotment status by visiting the IPO registrar’s website and entering their PAN number, Application Number, or DP Client ID.
What is the expected listing date for Essen Speciality Films IPO shares? #
Essen Speciality Films IPO is expected to list its shares on the NSE SME platform on July 6, 2023.
What are the subscription details for the Essen Speciality Films IPO? #
The Essen Speciality Films IPO received a strong response from investors, with the subscription status showing a high level of interest. The Qualified Institutional Buyers (QIB) portion was subscribed 45.26 times, the Non-Institutional Investors (NII) portion was subscribed 112.21 times, and the Retail Individual Investor (RII) portion was subscribed 68.07 times.
What are the important dates for the Essen Speciality Films IPO? #
Essen Speciality Films IPO opened for subscription on June 23, 2023, and closed on June 27, 2023. The basis of allotment is expected to be finalized on July 3, 2023, and the shares are expected to be credited to demat accounts on July 5, 2023. The listing date is set for July 6, 2023.
What are the objectives of the Essen Speciality Films IPO? #
Company will utilize the net proceeds from the IPO for funding capital expenditure towards the installation of additional plant and machinery, construction of the factory building, fulfilling working capital requirements, and other general corporate purposes.
Please note that the information provided here is based on the available data and may be subject to change.
