Equity shares in Essen Speciality Films Limited will be issued via book built issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for Essen Speciality Films Limited is set for the week of June 23 – June 27, 2023.The issue is priced at ₹101 to ₹107 per share. The minimum order quantity is 1200 Shares. With a face value of Rs. 10, each of the 6,199,200 shares up for sale in the IPO may bring in as much as 66.33 Cr. for the company. Let’s learn more about their initial public offering scheduled for June of 2023.
About Essen Speciality Films Limited
Essen Speciality Films Limited, founded in 2002, manufactures and exports specialist plastic goods in the home improvement and furniture industries to international modern trade shops such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, Kroger, and others.
The company’s goods are primarily marketed and sold under three brands: ‘Draperi’ for shower curtains, ‘Runner’ for shelf liners, and ‘Paperi’ for artificial plants and placemats.
They serve a diverse customer base and operate in a variety of industries, including but not limited to home furnishing, home decor, department stores, discount retailers, hypermarkets, hardware and home improvement, office supply stores, the agricultural and medical industries, and international importers and wholesale distributors.China, Saudi Arabia, the United States of America, Qatar, the United Kingdom, Germany, Italy, Canada, Romania, Denmark, Poland, New Zealand, the United Arab Emirates, Spain, Austria, France, Australia, Kuwait, Belgium, Austria, Sweden, and Mexico are among the countries to which the company sells its products.
Essen Speciality Films has been designated as a ‘two-star export firm’ by the Government of India’s Ministry of Commerce and Industry. And was named IKEA’s ‘Best Supplier of the Year’ twice.
Essen Speciality Films Limited IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 23rd June 2023 |
| Issue Closes | 27th June 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 101 to Rs 107 Per Share |
| Issue Size | 6,199,200 Shares (Rs 66.33 crores) |
| Minimum Order Quantity | 1200 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The company aims to use the net revenues of the offering to fund the following projects:
- Repayment/prepayment in full or in portion of the company’s existing secured debt.
- Working capital is required.
- General corporate expenses and issue expenses.
Essen Speciality Films Limited — Company Contact Details
- Registered & Corporate Office: Plot No. A, Survey No. 192, Veraval (Shapar), Rajkot – 360 024
- Telephone: +91 98253 12701
- Website: https://www.essenspeciality.com/
Essen Speciality Films Limited IPO – Lead Managers of the Issue
Gyr Capital Advisors Limited
- Office Address: 428, Gala Empire, Near T.B. Tower Drive In Road Thaltej, Ahmedabad – 380054 Gujarat, India
- Telephone: +91-82009 31018
- Email: info@gyrcapitaladvisors.com
Essen Speciality Films Limited IPO – Registrar of the Issue
Bigshare Services Pvt Ltd
- Telephone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://www.bigshareonline.com/
Aatmaj Healthcare Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
