10 things to know about the Essen Speciality Films SME IPO:

 10 things to know about the Essen Speciality Films SME IPO:

  1. The IPO opens for subscription on June 23, 2023 and closes on June 27, 2023.
  2. The company is offering 6,199,200 equity shares with a face value of ₹10, aggregating up to ₹66.33 Crore.
  3. The price band is set to ₹101 – ₹107 per share.
  4. The company is seeking to raise ₹50.28 cr. through the fresh issue and ₹16.05 cr. through the OFS.
  5. The net proceeds of the IPO will be used for prepayment/repayment of certain borrowings, funding working capital requirements and general corporate purposes.
  6. The company is a leading manufacturer and exporter of specialized plastic products predominantly in the home furnishing and home improvement segments.
  7. Its main customers are the multinational retail outlets like IKEA, Wal-Mart, Kmart, Kohl, Kroger, and Bed, Bath & Beyond.
  8. The company has been in business for over 20 years and has a strong track record of financial performance.
  9. The IPO is being managed by ICICI Securities and Axis Capital.
  10. 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.

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