Essen Speciality Films IPO Date, Price, GMP, Details

Essen Speciality Films IPO opens for subscription on June 23, 2023

Essen Speciality Films Ltd., a manufacturer and exporter of specialized plastic products, has opened its initial public offering (IPO) for subscription on June 23, 2023. The IPO comprises a fresh issue of 46.99 lakh shares and an offer for sale (OFS) of 15 lakh shares. The price band for the IPO has been fixed at ?101-107 per share, which values the company at ?66.33 crore.

Essen Speciality Films is a leading manufacturer and exporter of specialized plastic products, predominantly in the home furnishing and home improvement segments. The company's products are used by a wide range of multinational retail outlets, including IKEA, Wal-Mart, Kmart, Kohl, Kroger, and Bed, Bath & Beyond.

The company has been growing at a healthy pace in recent years. In the financial year 2022-23, Essen Speciality Films reported a revenue of ?100 crore and a net profit of ?10 crore. The company is well-positioned to continue its growth in the coming years, given the strong demand for its products in the global market.

The IPO is a good opportunity for investors to participate in the growth of Essen Speciality Films. The company has a strong track record of growth, a competitive advantage in the market, and a management team with a proven track record. Investors who are looking for exposure to the growing home furnishing and home improvement market should consider investing in the Essen Speciality Films IPO.

Key Highlights of the Essen Speciality Films IPO

• Issue size: 61.99 lakh shares
• Price band: ?101-107 per share
• Listing date: Tentative July 6, 2023
• Lead bankers: ICICI Securities, HDFC Bank, and Equirus Capital

How to Apply for the Essen Speciality Films IPO

Investors can apply for the Essen Speciality Films IPO through a variety of channels, including:

• Online trading platforms
• Broking houses
• Banks

The application process is simple and straightforward. Investors can apply for a minimum of 1,200 shares and a maximum of 2,400 shares. The subscription period for the IPO is from June 23-27, 2023.

Risk Factors to Consider

Before investing in the Essen Speciality Films IPO, investors should carefully consider the following risk factors:

• The company is a small-cap company and is therefore more volatile than larger companies.
• The company's business is cyclical and could be affected by changes in the global economy.
• The company faces competition from other manufacturers of specialized plastic products.
• The company's financial performance could be affected by changes in the prices of raw materials.

Investors should carefully evaluate these risk factors before making an investment decision.

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