Indian Emulsifier Limited IPO Closed

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IPO date 13th – 16th May 2024
Listing date 22 May 2024
Type SME
Price range 125 – 132
Minimum order quantity 1000
(D)RHP View

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Indian Emulsifier Limited is launching its IPO. The IPO opens for subscription on 13th May and will close on 16th May 2024.

Disclaimer: This stock will trade with a lot size of 1000 shares in the SME segment on the listing.

What does Indian Emulsifier Limited do?

Incorporated in December 2020, Indian Emulsifier Limited is a manufacturer and supplier of specialty chemicals, including Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, and SMO & PIBSA Emulsifiers. The company serves a range of industries such as Mining, Textile, Cleaning, PVC/Rubber, Personal Care, and Food.

The manufacturing plant, located in Ratnagiri, Maharashtra, has a production capacity of 4,800 metric tons per annum, which was increased from 2,400 MT per annum by installing additional reactors. The plant is equipped with process control, an innovative R&D center, quality control, and application laboratories. The company operates two warehouses in Raigad and Ratnagiri, Maharashtra, and is also certified under ISO 9001:2015.

Schedule/Timeline of Indian Emulsifier Limited IPO

Issue Period 13th May to 16th May 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment May 17, 2024
Initiation of Refunds May 21, 2024
Credit of Shares May 21, 2024
Date of Listing May 22, 2024
Mandate end date May 31, 2024
Anchor Investors Lock-In End Date (50% of the investment) June 17, 2024
Anchor Investors Lock-In End Date (Remaining investment) August 16, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How do I apply to the Indian Emulsifier Limited IPO?

You can apply for the Indian Emulsifier Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Indian Emulsifier Limited IPO?

You can check the allotment status for the Indian Emulsifier Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.