Indian Emulsifier’s Stellar Debut, Share Price Surges 225% and Lists at ₹430

Indian Emulsifier debuted on the NSE SME at ₹430, a 225% premium over its IPO price, marking a significant first-day jump that heightened investor interest.
Indian Emulsifier's Stellar Debut, Share Price Surges 225% and Lists at ₹430

Indian Emulsifier made a remarkable market debut on the NSE SME, opening at ₹430 per share, which is a 225% premium over the initial offering price. This strong start occurred on Wednesday, significantly boosting investor interest in the company’s shares.

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Indian Emulsifiers IPO, open from May 13 to May 17, 2024, was met with substantial demand, achieving a 460 times overall subscription and 484 times in the retail sector. The robust Grey Market Premium suggested a strong debut for its shares.

Indian Emulsifier Limited manufactures specialty chemicals such as esters and phosphate esters for various industries like mining and personal care. Their facility, with a capacity of 4,800 metric tons per year, includes advanced reactors and labs, ensuring quality and flexibility in production, from small batches to large-scale outputs, under diverse temperature and pressure conditions.

Indian Emulsifier Limited’s IPO aims to raise funds for upgrading plant and machinery (₹20.92 crores), covering civil work and installations, and boosting working capital by ₹8.50 crores, plus addressing general corporate purposes to support operational and strategic growth.

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