58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Indian Emulsifier Limited IPO Analysis

Indian Emulsifier IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Chemical - Speciality sector. Ekadrisht Capital Private is the merchant banker of Indian Emulsifier IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 10th February 2024.

Indian Emulsifier IPO posted revenues of Rs 64.93 crores and PAT of Rs 9.00 crores in FY24 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Indian Emulsifier IPO Financial Performance (Restated)

Financial results of Indian Emulsifier IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
31-Dec-23
FY23
FY22
FY21
Balance Sheet
Assets
61.76
34.32
19.10
0.60

Net Worth
26.36
12.04
8.15
0.63

Total Debt
22.44
20.30
10.69
0.59

Profit & Loss
Revenue
Revenue on annualised basis
48.67
64.89
41.18
17.68
[●]

EBITDA
EBITDA on annualised basis
11.19
14.92
7.86
0.79
[●]

PAT
PAT on annualised basis
6.75
9.00
3.89
0.04
[●]

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Indian Emulsifier IPO Key performance Indicators (KPI)

Indian Emulsifier IPO PAT Margin is 13.87%, ROCE (Return on Capital Employed) is 38.03% as per latest financial. The below table shows Indian Emulsifier IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
31-Dec-23
FY23
FY22
FY21

EBITDA Margin (%)
22.99
19.09
4.47
[●]

PAT Margin (%)
13.87
9.45
0.23
[●]

EPS (Rs.)
8.66
4.80
0.05
[●]

ROE (%)
25.61
32.31
0.49
[●]

ROCE (%)
38.03
55.50
7.19
-58.65

ROA (%)
10.93
11.33
0.21
[●]

Debt to Equity (x)  
0.85
1.69
1.31
0.94

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Indian Emulsifier IPO Valuation Metrics

The market Capitalisation of Indian Emulsifier IPO is Rs 161.33 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
161.33

Enterprice Value (EV) (Rs. Cr.):
183.67

EV/EBITDA (times) :
12.31

PE Multiple (times) :
17.93

P/B (times) :
2.35

NAV (Rs.) :
29.26

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Indian Emulsifier prospectus?

The Indian Emulsifier IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Indian Emulsifier IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Indian Emulsifier IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Indian Emulsifier IPO ?

The post-IPO market capitalisation of Indian Emulsifier IPO is ₹161.33 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Indian Emulsifier IPO?

The Indian Emulsifier IPO has a Price-to-Earnings (PE) ratio of 17.93 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Indian Emulsifier IPO?

Indian Emulsifier IPO reported revenue of ₹64.93 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Indian Emulsifier IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Indian Emulsifier IPO?

Indian Emulsifier recorded an EBITDA of ₹ 14.92 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Indian Emulsifier IPO?

Indian Emulsifier Profit After Tax (PAT) is ₹9.00 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 64.89 Cr.
            EBITDA: ₹ 14.92 Cr.
            PAT: ₹ 9.00 Cr.
  • EBITDA Margin: 22.99 %
            Pat Margin: 13.87%
  • Net Worth: ₹ 26.36 Cr.
  • Market Capitalisation: ₹ 161.33 Cr.
  • P/E: 17.93 times
  • P/BV: 2.35 times
  • EV/EBITDA: 12.31 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Indian Emulsifier operates in Chemical - Speciality and Manufacturer And Supplier Of Specialty Chemicals. The Issue is listed on NSE EMERGE in May, 2024. Indian Emulsifier IPO size was 42.39 with Issue price of 132.00 .

Indian Emulsifier IPO subscription was 460.07 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Indian Emulsifier IPO listed at a listing price of 451.50 against the offer price of 132.00.

The current market price of Indian Emulsifier is 127.50.

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