Essen Speciality Films IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jun 30, 2023Let’s have a detailed review of the company and analytics of the Essen Speciality Films IPO release date, IPO offer price, subscription, Essen Speciality Films Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 101 to Rs 107 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | 6 July 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 6,633 Lakh |
| Tick Size | 1 |
Essen Speciality Films IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Essen Speciality Films Share Price |
Essen Speciality Films IPO – Summary
They are a manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry, to renowned multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, Kroger etc.
Their Company has been recognized as a ‘two-star export house’ by the Ministry of Commerce & Industry, Government of India. They have also been the exclusive global supplier of IKEA for certain of their products, since its incorporation.
The Promoter of this company is PALLAV KISHORBHAI DOSHI, KHUSHBOO CHANDRAKANT DOSHI AND KARISHMA RAJESH DOSHI. The lead manager of the issue is GYR CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Essen Speciality Films IPO Date
The opening and closing dates of Essen Speciality Films IPO are 23 June 2023 and 27 June 2023 respectively.
Essen Speciality Films IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 23rd Jun | 5.26x | 0.82x | 4.16x | 3.76x |
| 2nd Day – 26th Jun | 7.11x | 8.63x | 23.32x | 15.54x |
| 3rd Day – 27th Jun | 45.26x | 112.21x | 67.99x | 70.98x |
| Shares Offered or Net Issue | 1,177,200 | 884,400 | 2,061,600 | 4,434,000 |
The shares subscribed by the public will be updated here.
Essen Speciality Films IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares is pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Essen Speciality Films Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 3 July 2023 |
| Refunds Initiation | 4 July 2023 |
| Credit of Shares to Demat Account | 5 July 2023 |
| Share Listing Date | 6 July 2023 |
Essen Speciality Films IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 101 to Rs 107
Essen Speciality Films IPO Equity Size
This Initial Public Issue of 6,199,200 Equity Shares of Rs.10 each for cash at a price of Rs 101 to Rs 107 per equity share aggregating to Rs.6,633 Lakh.
Essen Speciality Films IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,699,200 Equity Shares of Rs.10/ each.
Issue Size: 6,199,200 Equity Shares of Rs.10 each, aggregating to Rs.6,633 Lakh
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Essen Speciality Films IPO – Live Performance
The listing date of this IPO is 6 July 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Essen Speciality Films Share Price |
Essen Speciality Films IPO Grey Market Premium
The Essen Speciality Films Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Essen Speciality Films IPO – Company Overview
They were awarded the awards of ‘Best Supplier of the Year’, twice by IKEA. They operate a fully-integrated, sustainable and technologically advanced manufacturing unit, which has been certified to be compliant with the requirements of ISO 9001:2015.
Their Company is part of the Rajoo Group, which is headed by their promoter group company and Group Company, Rajoo Engineers Limited (“REL”). Rajoo Engineers Limited is listed on the BSE Limited since October 24, 1994, and had a total market capitalization of 270.67 Crore as of June 9, 2023.
Their Company is promoted by one of the Promoters of REL, namely Khushboo Chandrakant Doshi. REL is a global player in plastic extrusion machinery, catering to 70 countries across the globe.
REL designs, manufactures and services are mono to seven-layer upward and downward blown film lines for barrier and non-barrier applications along with extrusion coating and lamination lines, mono to five-layer sheet extrusion systems for barrier and non-barrier sheets along with multi-station thermoforms.
Essen Speciality Films IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 10,970.82 | 11,859.28 | 10,440.24 |
| *Total Revenue | 12,048.09 | 11,857.17 | 9,680.78 |
| Total Expense | 10,616.28 | 11,170.23 | 8,445.18 |
| Profit After Tax | 1,337.23 | 516.90 | 913.73 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 8.36 | 3.23 | 5.71 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 1,337.23 Lakh, Rs. 516.90 Lakh and Rs. 913.73 Lakh respectively.
Essen Speciality Films IPO – Promoters
The Promoter of this company is:
- PALLAV KISHORBHAI DOSHI,
- KHUSHBOO CHANDRAKANT DOSHI
- KARISHMA RAJESH DOSHI
List of Related Parties (Key Managerial Personnel)
- Pallav Kishorbhai Doshi, Chairman and Whole-time Director
- Kruti Rajeshbhai Doshi, Executive Director
- Karishma Rajesh Doshi, Executive Director
- Shital Bharatkumar Badshah, Independent Director
- Kirit Ratanashi Vachhani, Independent Director
Essen Speciality Films IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post-Issue Share Holding – 70%
Essen Speciality Films IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 61,99,200 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,10,800 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 58,88,400 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 20,61,600 Equity Shares |
| Other than Retail Individual Investors | Not more than 8,84,400 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,60,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 2,06,99,200 Equity Shares |
Essen Speciality Films IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by their Company;
- Funding the working capital requirements of their Company; and
- General corporate purposes
Essen Speciality Films IPO – Business Strategy
- Strengthen their marketing network
- Expand their existing product portfolio
- Expand their customer base
- Increasing their Global presence
Essen Speciality Films IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Scaled platform with a strong track record of growth and market leadership;
- Experienced management team, backed by a strong board and marquee shareholders, along with a strong culture of compliance;
- Deeply entrenched, long-standing client relationships with a diversified and expanding client base
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 8.36 | 15.62% | 53.51 |
| 31-Mar-22 | 3.23 | 7.15% | 45.15 |
| Mar-21 | 5.71 | 13.62% | 670.78 |
Essen Speciality Films IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Essen Speciality Films Limited | 10 | [●] | 8.36 | 15.62% | 12,048.09 |
| Listed Peers | |||||
| Shaily Engineering Plastics Limited | 10 | 40.43 | 38.32 | 40.14% | 57,653.42 |
| Supreme Industries Limited | 2 | 46.88 | 60.18 | 21.14% | 9,28,335.00 |
Essen Speciality Films IPO Lead Managers
| Lead Managers |
| GYR CAPITAL ADVISORS PRIVATE LIMITED (Formerly known as Alpha Numero Services Private Limited) 428, Gala Empire, Near JB Tower, Drive in Road, Thaltej, Ahmedabad -380 054, Gujarat, India. Telephone: +91 87775 64648 Fax: N.A. E-mail: info@gyrcapitaladvisors.com Website: www.gyrcapitaladvisors.com Investor grievance: investors@gyrcapitaladvisors.com Contact Person: Mohit Baid SEBI Registration Number: INM000012810 CIN:- U67200GJ2017PTC096908 |
Essen Speciality Films IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. 56-2, 6th Floor, Pinnacle Business Park, Next to Ahura Center, Mahakali Caves Road, Andheri East, Mumbai-400 093, Maharashtra, India. Tel: +91 22 6263 8200 Fax: +91 22 6263 8299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Aniket Chindarkar SEBI Registration Number: INR000001385 CIN:- U99999MH1994PTC076534 |
Essen Speciality Films IPO – Other Details
- Statutory Auditor – M/s. Rushabh R. Shah and Co., Chartered Accountants
- Legal Counsel to the Company – Legal Advisor to the Offer
- Bankers to the Company – Axis Bank Limited
Essen Speciality Films IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Essen Speciality Films Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Essen Speciality Films IPO Review FAQs
Check out various FAQs related to Essen Speciality Films IPO:
What is the Issue Size of Essen Speciality IPO?
The Company is making an initial public offer of 6,199,200 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Essen Speciality IPO?
The price band for this particular IPO ranges between Rs 101 to Rs 107. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Essen Speciality IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 23 June 2023, while the closing date is set at 27 June 2023.
What is the Essen Speciality IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 3 July 2023, refund initiation is on 4 July 2023, credit of shares is on 5 July 2023, and share listing date is on 6 July 2023.
What is the Essen Speciality IPO Listing Date?
Shares of this company shall be listed in the exchanges on 6 July 2023. The date, when the listing would be done, is stagnant on 6 July 2023.
Who is the Registrar of Essen Speciality IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Essen Speciality IPO?
Here are the promoters of this IPO – PALLAV KISHORBHAI DOSHI, KHUSHBOO CHANDRAKANT DOSHI AND KARISHMA RAJESH DOSHI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Essen Speciality IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Essen Speciality IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Essen Speciality Films Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 1,337.23, 2022 is 516.90, and 2021 is 913.73.
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