The allotment for the Indian Emulsifier IPO was finalised on Friday, May 17.
The IPO of Indian Emulsifier Limited concluded with an overall subscription of 460.07 times. On the last day of bidding, Qualified Institutions subscribed 175.95 times, while non-institutional buyers subscribed 779.63 times and retail investors subscribed 484.66 times - as per Chittorgarh.com.
The subscription period for the IPO concluded on May 16. This SME IPO is for a fresh issue of 32.11 lakh shares, totalling Rs 42.39 crore. The price range for each share was set between Rs 125 to Rs 132. To apply, investors needed to buy at least 1000 shares, which required a minimum investment of Rs 132,000.
Investors can check the Indian Emulsifier IPO allotment status on official webiste of Maashitla Securities Private Limited, the registrar for the issue.
Steps to check Indian Emulsifier IPO allotment status on maashitla.com
Visit the Maashitla Securities Private Limited website here: https://maashitla.com/allotment-status/public-issues
Select "Indian Emulsifier Limited" from the drop-down list on the Public Issues page.
Select and Enter your PAN, Application number or Demat account number.
Click on the "SUBMIT" button.
Download or print the allotment status for your records.
Indian Emulsifier IPO Listing Date
Indian Emulsifier Limited will list on NSE SME with a tentative listing date of Wednesday, May 22.
Indian Emulsifier IPO Timeline (Tentative Schedule)
IPO Open Date: Monday, May 13
IPO Close Date: Thursday, May 16
Basis of Allotment: Friday, May 17
Initiation of Refunds: Tuesday, May 21
Credit of Shares to Demat: Tuesday, May 21
Listing Date: Wednesday, May 22
Investors who received shares will have their demat accounts credited on May 21. The refund procedure will begin on the same day, as soon as the allotment is finalised.
About Indian Emulsifier Limited
Indian Emulsifier Limited, founded in 2020, is one of the leading manufacturers in the speciality chemicals industry. Indian Emulsifiers manufactures, supplies and markets a diverse range of speciality chemicals to industries such as Food, Cosmetic, Pharmaceutical, Personal care, Home care, Institutional & Industrial Cleaning, Metal Cleaning, Metal Working, Lubricants, Textiles, Mining, Oilfields, Agriculture and Paint & Pigments. It has a plant in Ratnagiri, Maharashtra, with a yearly capacity of 4,800 metric tons. They have two warehouses and are ISO 9001:2015 certified.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
