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Let’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

Essen Speciality Films IPOThey 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.


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:


    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.[●]
    Net Issue to the Public Up to 58,88,400 Equity Shares aggregating up to Rs.[●]
    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:

    1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by their Company;
    2. Funding the working capital requirements of their Company; and
    3. 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
    (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
    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
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    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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