Indian Emulsifiers files draft papers with NSE to raise funds via IPO

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₹115-128 per share. At the upper end of this price band, the company anticipates raising ₹44.80 crore. The book-running manager for the issue is Ekadrisht Capital.

Also read: Gold Plus Glass Industry files draft papers with Sebi to raise ₹500 crore via IPO GJNX Ventures, supported by Gunavanthkumar Vaid, renowned for his inclination towards SME and small cap enterprises, holds a 1.80 percent stake in the company at the time of the DRHP filing. As outlined in the prospectus, the proceeds from the offering will be directed towards financing the company's capital expenditure needs related to Plant & Machinery, Civil work, and associated installation costs. The acquisition of advanced machinery is specifically aimed at meeting the projected increase in demand resulting from upcoming sales efforts.

Also read: IPOs next week: Four new public issues, five listings to keep primary market busy According to filing details, the revenue from operations for December 2023 stands at ₹48.67 crore, while for the period ending March 2023, it amounts to ₹41.17 crore. EBITDA for December 2023 is reported at ₹11.20 crore with EBITDA margins of 22.99 percent, whereas for March 2023, EBITDA is noted at ₹7.86 crore with EBITDA margins of 19.09 percent. Profit After Tax (PAT) for December 2023 is declared at ₹6.75 crore, reflecting margins of 13.87 percent, and for March 2023, PAT stands at ₹3.89 crore with net profit margins of 9.46 percent.