10 things to know about the Essen Speciality Films SME IPO:
- The IPO opens for subscription on June 23, 2023 and closes on June 27, 2023.
- The company is offering 6,199,200 equity shares with a face value of ₹10, aggregating up to ₹66.33 Crore.
- The price band is set to ₹101 – ₹107 per share.
- The company is seeking to raise ₹50.28 cr. through the fresh issue and ₹16.05 cr. through the OFS.
- The net proceeds of the IPO will be used for prepayment/repayment of certain borrowings, funding working capital requirements and general corporate purposes.
- The company is a leading manufacturer and exporter of specialized plastic products predominantly in the home furnishing and home improvement segments.
- Its main customers are the multinational retail outlets like IKEA, Wal-Mart, Kmart, Kohl, Kroger, and Bed, Bath & Beyond.
- The company has been in business for over 20 years and has a strong track record of financial performance.
- The IPO is being managed by ICICI Securities and Axis Capital.
- The IPO will list on the NSE SME Emerge.
Here are some of the risks to consider before investing in the Essen Speciality Films IPO:
- The company’s business is cyclical and is dependent on the global demand for its products.
- The company faces competition from other manufacturers of specialized plastic products.
- The company’s financial performance could be affected by changes in the regulatory environment.
Overall, the Essen Speciality Films IPO is a good opportunity for investors who are looking to invest in a growing company with a strong track record. However, it is important to do your own research before investing and to understand the risks involved.