Essen Speciality Films Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,942,400 (47%) | — | ₹3,148 Cr |
| NII (HNI) | — | 884,400 (14%) | — | ₹946 Cr |
| Retail | — | 2,061,600 (33%) | — | ₹2,206 Cr |
| Market Maker | — | 310,800 (5%) | — | ₹33 Cr |
| Σ Total | — | 6,199,200 (100%) | — | ₹66,331 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹128,400 |
| Retail (Max) | 13 | 15,600 | ₹1,669,200 |
| S-HNI (Min) | 14 | 16,800 | ₹1,797,600 |
| B-HNI (Min) | 67 | 80,400 | ₹8,602,800 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 12,048 | 11,857 | 9,681 |
| Profit After Tax | 1,337 | 517 | 914 |
| Net Worth | 8,562 | 7,225 | 6,708 |
| Total Assets | 10,971 | 11,859 | 10,440 |
| Reserves & Surplus | 6,962 | 5,625 | 6,608 |
| Total Borrowing | 657 | 2,583 | 1,541 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company – 3.54
- Funding the working capital requirements of the Company; and – 29.00
- General corporate purposes – 7.68
Company Overview
Incorporated in 2002, Essen Speciality Films Limited manufactures and exports specialized plastic products in the home improvement and home furnishing industry, to multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl's, Kroger, etc.
The company's product list includes bath area and accessories, artificial plants & flowers, kitchen & dining, storage & organization, fitness & lifestyle, and outdoor & utility products, and customized products, which include plastic films, Spa slippers, Baby shower caps, green-house gutter sheets, etc. The company markets and sells its products predominantly under three brands; 'Draperi' for shower curtains, 'Runner' for shelf liners, and 'Paperi' for artificial plants and placemats.
They have a diversified customer base and are spread across various industries, including but not limited to home furnishing, home decor, departmental stores, discount retailers, hypermarkets, hardware, and home improvement, office supplies stores, agricultural and medical industry, and international importers and wholesale distributors.
The company supplies its products to twenty-four (24) countries, including but not limited to, 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.
Essen Speciality Films has been recognized as a 'two-star export house' by the Ministry of Commerce & Industry, Government of India. And was awarded with the 'Best Supplier of the Year', twice by IKEA.