Indian Emulsifier IPO

Indian Emulsifier Ltd issues 35,00,000 shares valued at INR 42.39 cr to fund capital expenditure, working capital, and corporate purposes.

Important Details

Open Date : May 13, 2024 Close Date : May 16, 2024 Allotment Date: May 17, 2024 Listing Date: May 22, 2024

Important Details

IPO Price: INR 125-132 per share Lot Size: 1000 shares Total Issue Size: INR 42.39 cr

Fundamental Analysis

Indian Emulsifier Technologies: 1. Revenue surged, significant growth. 2. Profitability, EPS, RoNW notably improved. 3. Equity & liabilities increased steadily. 4. Debt-equity ratio declined, reduced reliance on debt.

Peer Comparison

1. Indian Emulsifier Limited: No available NAV & P/E, moderate RoNW - indicates moderate performance. 2. Fine Organic Industries Limited: Strong financials, high rank. 3. Fineotex Chemical Limited: Moderate financials, lower rank.


Indian Emulsifier Limited aims to secure funding for capital expenditure plant, machinery, civil work, installation and meet working capital needs for operations and growth.

Risks And Challenges

Indian Emulsifier Limited risks : 1. Outstanding litigation matters. 2. Lease termination risks at office and warehouse. 3. Operational risks at manufacturing facility.