Essen Speciality Films SME IPO

Essen Speciality Films Limited

₹1,21,200 /1200 sharesMinimum Investment

Essen Speciality Films SME IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹107.00₹147.00₹40.00 (37.38%)

Essen Speciality Films SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
23 Jun ‘23 - 27 Jun ‘23₹1,21,2001,200₹101 - ₹107
Issue SizeIPO Doc
66.33Cr
RHP PDF

About Essen Speciality Films SME

Essen Speciality Films, established on August 14, 2002, is a company that manufactures and exports specialised plastic products for the home improvement and home furnishing industry. Their product portfolio encompasses seven main categories: bath area, kitchen & dining, home decor, storage and organisation, fitness and lifestyle, outdoor and utility, and customised products. These categories include various items such as plastic films, spa slippers, baby shower caps, and greenhouse gutter sheets, among others. The company predominantly promotes and sells its products under three distinctive brands, including 'Draperi', 'Runner', and 'Paperi'.;
Parent Organisation
Essen Speciality Films Limited
Founded
2002
Managing Director
Pallav Kishorbhai Doshi

Strengths & Risks

  • The company has a wide range of products, attracting a diverse customer base across different regions and platforms.
  • The company primarily supplies its products to multinational modern trade retailers such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, and Kroger.
  • They also cater to local traders and distributors in India. Essen Speciality Films has also established an online presence on platforms like Amazon, Flipkart, Snapdeal, Meesho, IndiaMart, and JioMart.
  • The company places great emphasis on quality and compliance with international standards. They have in-house laboratories to ensure the highest product quality.
  • The company specialises in the manufacturing and export of specialised plastic products for the home improvement and home furnishing industry.
  • Their products are exported to 24 countries, including China, Saudi Arabia, USA, Qatar, UK, Germany, Italy, Canada, New Zealand, and more
  • There are ongoing legal disputes involving the company, promoters, and directors. If these disputes are determined unfavorably, it could impact the company's business and financial condition.
  • The company has certain contingent liabilities, and if any of these liabilities materialize, it could have an adverse effect on its financial condition and profitability. As of December 31, 2022, these contingent liabilities and commitments amounted to Rs. 216.84 lakh.
  • The company operates on a purchase-order basis and has not established long-term customer agreements.
  • The company’s majority revenue comes from a few customers.
  • The industry is subject to extensive government regulation with respect to the raw materials used in their manufacturing process. Failure to comply with these regulations can affect the company.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular101 - 107₹2 Lakh
High Networth Individual101 - 107₹2 - 5 Lakh
For Essen Speciality Films IPO, eligible investors can apply as Regular.
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