Essen Speciality Films Limited is 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.
The Company has been recognized as a ‘two star export house’ by Ministry of Commerce & Industry, Government of India.
The company has also been exclusive global supplier of IKEA for certain of their products, since incorporation. Essen Speciality Films were awarded with the awards of ‘Best Supplier of the Year’, twice by IKEA.
Essen Speciality Films supply their products to twenty-four (24) countries, including but not limited to, China, Saudi Arabia, 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 company also have an online presence on platforms such as Amazon, Flipkart, Snapdeal, Meesho, IndiaMart and JioMart.
Essen Speciality Films IPO – Details
| IPO Opening Date | 23 June 2023 |
| IPO Closing Date | 27 June 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 61,99,200 Shares Worth ₹66.33 Crore Fresh Issue: 46,99,200 Shares Worth ₹[] Crore Offer For Sale: 15,00,000 Shares Worth ₹[] Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹101 – ₹107 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Essen Speciality Films IPO – Date Schedule
| IPO Open Date | 23 June 2023 |
| IPO Close Date | 27 June 2023 |
| Basis of Allotment | 03 July 2023 |
| Initiation of Refund | 04 July 2023 |
| Credit of Shares to Demat Account | 05 July 2023 |
| IPO Listing Date | 06 July 2023 |
Essen Speciality Films IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | 1,28,400 |
| Retail (Maximum) | 1 | 1200 | 1,28,400 |
| HNI (Minimum) | 2 | 2400 | 2,56,800 |
Competitive Strengths
- Scaled platform with strong track record of growth and market leadership;
- Experienced management team, backed by a strong board and marquee shareholders, along with strong culture of compliance;
- Deeply entrenched, long-standing client relationships with a diversified and expanding client base.
Company Promoters
- Pallav Kishorbhai Doshi
- Khushboo Chandrakant Doshi
- Karishma Rajesh Doshi
Object Of The Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
- Funding the working capital requirements of the Company.
- General corporate purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2021 | 96.80 | 84.45 | 9.13 |
| 31 March 2022 | 118.57 | 111.70 | 5.16 |
| 31 March 2023 | 120.48 | 106.16 | 13.37 |
Essen Speciality Films IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70% |
Essen Speciality Films IPO Prospectus
Company Contact Information
| Essen Speciality Films Limited Plot No. A, Survey No. 192, Veraval (Shapar), Rajkot – 360 024, Gujarat, India Phone: +91 98253 12701 Email: info@essenspeciality.com Website: www.essenspeciality.com |
Essen Speciality Films IPO Registrar
| Bigshare Services Private Limited Phone: +91 22 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
Essen Speciality Films IPO Lead Manager(s)
| 1. GYR Capital Advisors Private Limited |
Essen Speciality Films IPO FAQs
| What is Essen Speciality Films IPO? Essen Speciality Films IPO is a SME IPO. The issue is priced at ₹101 – ₹107 per equity share. The IPO is to be listed on NSE SME. |
| When Essen Speciality Films IPO will open? The IPO is to open on 23 June 2023 for QIB, NII and Retail Investors. |
| How to Essen Speciality Films IPO? You can apply Essen Speciality Films IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Essen Speciality Films IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Essen Speciality Films”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Essen Speciality Films IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Essen Speciality Films”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Essen Speciality Films IPO Size? Essen Speciality Films IPO size is ₹66.33 crores. |
| What is Essen Speciality Films IPO Price Band? Essen Speciality Films IPO Price Band is ₹101 – ₹107. |
| What is Essen Speciality Films IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,28,400 amount while the maximum bid is 1200 shares with ₹1,28,400. |
| What is the Essen Speciality Films IPO Allotment Date? Essen Speciality Films IPO allotment date is 03 July 2023. |
| What is the Essen Speciality Films IPO Listing Date? Essen Speciality Films IPO listing date is 06 July 2023. The IPO is to list on NSE SME. |
