How To Check Indian Emulsifiers IPO Allotment Status

The Indian Emulsifiers IPO has garnered significant interest from investors, with demand soaring on the final day of bidding, May 16. Investors subscribed for 98.47 crore equity shares, 427.95 times higher than the offer size of 23.01 lakh equity shares.

If you applied for the IPO, here is how you can check the Indian Emulsifiers IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Indian Emulsifiers IPO allotment status

  1. Visit the registrar's website.
  2. If the allotment is finalised you will see "Indian Emulsifiers" on the page in the dropdown menu.
  3. Below that would be the option to search from Demat Account or PAN card or Application number.
  4. Enter your ID as per your selection.
  5. Click ‘Submit' to retrieve your Indian Emulsifiers IPO allotment status.

The Indian Emulsifiers IPO allotment status will be visible if all the details are entered correctly and the allotment has been finalised.

Indian Emulsifiers IPO Subscription Status

Non-institutional investors displayed strong support for the issue, subscribing 784.2 times the allotted quota, while retail investors subscribed 485.8 times the reserved portion. Qualified institutional buyers also demonstrated robust interest, subscribing 174.5 times the portion designated for them, according to subscription data available with the exchanges.

The Mumbai-based speciality chemicals manufacturer aimed to raise ₹42.39 crore from the capital markets through its IPO, with a price band of ₹125-132 per share. The IPO comprised solely of a fresh issue of 32.11 lakh equity shares.

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Indian Emulsifiers IPO GMP

Indian Emulsifiers IPO GMP is currently reported at ₹245. Given the upper price band of the IPO, the stock is expected to list at ₹377, indicating a potential gain of approximately 186% on listing. However, it is crucial to note that while GMPs can provide some insight into market sentiment, they are not always a reliable predictor of a stock's performance upon listing.

Indian Emulsifiers IPO Details

Indian Emulsifiers had secured ₹12.01 crore from anchor investors on May 10, a day before the issue opening. Institutional investors such as Blue Lotus Capital Multibagger Fund, IEGFL Equity Opportunity, Persistent Growth Fund, Zeal Global Opportunities Fund, and Resonance Opportunities Fund participated in the anchor book.

The company intends to utilize the net proceeds from the fresh issue primarily for capital expenditure towards plant & machinery, civil work, installation costs, and working capital requirements. The remaining funds will be allocated for general corporate purposes.

Established in December 2020, Indian Emulsifiers manufactures speciality chemicals like esters, amphoterics, phosphate esters, imidazolines, wax emulsions, SMO, and PIBSA emulsifiers. These chemicals find applications across diverse industries such as mining, textiles, and food. The company’s manufacturing plant is located in Ratnagiri, Maharashtra, supplemented by two warehouses in Raigad and Ratnagiri.

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Posted In: NewsIPOsIndian Emulsifiers