Blockbuster debut! Indian Emulsifier shares list at 226% premium on NSE SME platform

The shares of Indian Emulsifier listed on the NSE SME platform on Wednesday with a premium of 225.8%. The stock debuted at Rs 430 as against an issue price of Rs 132.

Ahead of the listing, the company's shares were trading with a premium of Rs 250 in the unlisted market.

The IPO, which was completely a fresh equity issue of 32.11 lakh shares, received an overwhelming response from investors with an overall subscription of over 450 times at close.


The net proceeds from the public offer will be used for funding of capital expenditure for our company towards purchase of plant, machinery, working capital requirements and general corporate purposes.

Founded in 2011, Indian Emulsifier designs and manufactures CNC, NC and conventional metal forming machines which caters to the industrial sector requirement for metal fabrication solutions.

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The company's wide spectrum of metal forming machines includes press brake machines, shearing machines, plate rolling machines, iron workers machines, hydraulic presses and busbar bending, cutting & punching machines.

It provides manufacturers with vital precision machines which are required for metal cutting and forming operations. The company's machines are utilized across a wide gamut of industries such as automotive, steel, pre-engineered building, furniture, HVAC, agricultural equipment, road construction equipment, elevators, food processing machinery, metalworking workshops and many others.

Indian Emulsifier offered over 600 variants of metal forming machines and during the last 3 fiscals and the nine months period ended December 23. It has supplied 1657 machines to over 1150 customers.

"Our ability to provide a wide range of machines has helped us garner customers engaged in various sectors such as metal fabrication, pre-engineered building, agriculture, kitchen equipment, machinery manufacturing, automotive, food processing, furniture, HVAC, elevators, steel etc," the company said.

India's chemical sector, which is currently estimated to be worth $220 billion in 2022 and is anticipated to grow to $300 billion by 2025 and $1 trillion by 2040.

For the period ended December 2023, the company clocked revenues of Rs 48.7 crore and net profit of Rs 6.75 crore.

Ekadrisht Capital acted as the lead manager to the issue and Maashtila Security Services was the registrar.