Essen Speciality Films Limited IPO : Company Details

Essen Speciality Films Limited IPO is set to launch on 23 June, 2023. The company manufactures and exports plastic products in the home furnishing industry and home improvements. Its customer list includes Walmart, Kmart, IKEA, Rusta, Bed Bath & Beyond, Kohl’s, Runsven, Kroger, etc. 

The product portfolio of the firm includes artificial plants & flowers, bath area and accessories, kitchen & dining, fitness & lifestyle, storage and organisation, etc. It also includes Baby Shower caps, plastic films, greenhouse gutter sheets, spa slippers etc. Its products are sold under the brand name Runner for shelf liners, Draperi for shower curtains, Paperi for artificial plants and placemats.

Its products are exported to various countries like Saudi Arabia, China, USA, United Kingdom, Qatar, Italy, Germany, Romania, Canada, Denmark, New Zealand, Poland, Spain, UAE, France, Austria, Australia, Sweden, Belgium, Kuwait, Mexico etc.  

Essen Speciality Films Limited IPO DETAILS

Essen Speciality Films Limited IPO is set to launch on 23 June, 2023. The subscription timeline extends till 27 June, 2023. The size for the IPO is 66.33 Crore Rs. Shares issued through fresh issue mode are worth 50.28 Crore Rs. Shares issued through offer for sale mode are worth Rs 16.05 Crore. The lot size is 1200 shares and the price is 101 to 107 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Essen Speciality Films Limited IPO

IPO OPENING DATE	23 June, 2023
CLOSING DATE FOR IPO	27 June, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	101 to 107 Rs per share
LOT SIZE	1200 shares
MINIMUM ORDER QUANTITY	1200 shares
ISSUE SIZE	66.33 Crore Rs.
OFFER FOR SALE	16.05 Crore Rs.
FRESH ISSUE	50.28 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	6 July, 2023

Essen Speciality Films Limited IPO : IMPORTANT DATES

IPO OPENING DATE	23 June, 2023
CLOSING DATE FOR IPO	27 June, 2023
IPO ALLOTMENT DATE	3 July, 2023
REFUNDS	4 July, 2023
DEMAT A/C CREDITED ON	5 July, 2023
IPO LISTING DATE	6 July, 2023

Essen Speciality Films Limited IPO begins for subscription from 23 June, 2023. The IPO subscription would continue till 27 June, 2023. The allotment status for the shareholders who applied would come on 3 July, 2023. The refunds for the ones who did not get allotment would be initiated on 4 July, 2023. The DEMAT accounts of shareholders would be credited on 5 July, 2023. The listing of the company would be completed on 6 July, 2023.

Essen Speciality Films Limited IPO : Lead Managers

The lead managers are :

• GYR Capital Advisors Limited

The minimum lot size for the company is decided at 1200 shares. This holding accounts to 128400 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 256800 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1200 shares	128400 Rs.
Maximum	2400 shares	256800 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The Issue proceeds will be utilised for fulfilling the working capital requirements.
• The money raised will be used to pay up the borrowings of the firm.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
ASSETS	10441	11859	10971
Revenue	9681	11857	12048
PAT	914	517	1337

Essen Speciality Films Limited had an asset base of 10441 Lakh Rs in 2021 which increased to 11859 Lakh Rs in 2022. This came down to 10971 Lakh Rs in 2023. The revenue of the firm was 9681 Lakh Rs in 2021, 11857 Lakh Rs in 2022 and 12048 Lakh Rs in 2023. The profit of the firm was 914 Lakh Rs in 2021, 517 Lakh Rs in 2022 and 1337 Lakh Rs in 2023.

PROS

• Essen Speciality Films Limited’s customer list includes Walmart, Kmart, IKEA, Rusta, Bed Bath & Beyond, Kohl’s, Runsven, Kroger, etc.
• The product portfolio of the firm includes artificial plants & flowers, bath area and accessories, kitchen & dining, fitness & lifestyle, storage and organisation, etc. It also includes Baby Shower caps, plastic films, greenhouse gutter sheets, spa slippers etc.
• Its products are sold under the brand name Runner for shelf liners, Draperi for shower curtains, Paperi for artificial plants and placemats.
• Its products are exported to various countries like Saudi Arabia, China, USA, United Kingdom, Qatar, Italy, Germany, Romania, Canada, Denmark, New Zealand, Poland, Spain, UAE, France, Austria, Australia, Sweden, Belgium, Kuwait, Mexico etc.

CONS

• The company works into a very competitive segment.

Essen Speciality Films Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Essen Speciality Films Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.