Gainers & Losers

YOU ARE ON :
  • HOME /
  • IPO /
  • IPO ISSUES /
  • IPO-SYNOPSIS

Essen Speciality Films Ltd

Registered Office: Plot No. A Survey No. 192,Veraval (Shapar), Rajkot - 360002, Gujarat, India.
Phone : 91-9825312701   Fax:
Email :  info@essenspeciality.com  
Website :  www.essenspeciality.com

Initial public offer of 61,99,200 equity shares of face value of Rs. 10/- each ("Equity Shares") of Essen Speciality Films Limited (the "Company" or "Essen" or "Issuer") at an offer price of Rs. 107 per equity share (including a share premium of Rs. 97 per equity share) for cash, aggregating Rs. 66.33 crores* ("Public Offer") comprising a fresh issue of 46,99,200 equity shares aggregating to Rs. 50.28 crores* (the "Fresh Issue") and an offer for sale of 2,00,000 equity shares by Khushboo Chandrakant Doshi, 2,00,000 equity shares by Karishma Rajesh Doshi (collectively referred to as the "Promoter Selling Shareholders") and 7,00,000 equity shares by Devyaniben Chandrakant Doshi, 2,00,000 equity shares by Nita Kishor Doshi; and 2,00,000 equity shares by Rajesh Nanalal Doshi (collectively referred to as the "Promoter Group Selling Shareholders", along with the promoter selling shareholders referred to as "The Selling Shareholders") aggregating 15,00,000 equity shares by the selling shareholders ("Offer for Sale") aggregating to Rs. 16.05 crores* out of which 3,10,800 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 107 per equity share for cash, aggregating Rs. 3.33 crores* was reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. offer of 58,88,400 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 107 per equity share for cash, aggregating Rs. 63.01 crores* is hereinafter referred to as the "Net Offer". The public offer and net offer constituted 29.95% and 28.45% respectively of the post-offer paid-up equity share capital of the company. *Subject to finalization of basis of allotment.

Issue Money Payable On
Opens on Closes On Application Allotment
23-Jun-23 27-Jun-23 107.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 1200   Further Multiples of : 1200
  Rs(Cr.) Lead Managers to the Issue
Project Cost 40.21 GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer 66.33  
Post Issue Equity Share Capital 20.70  
Issue Price 107.00  

Project

  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
  • Funding the working capital requirements of the company
  • General corporate purposes

Promoted By

Pallav Kishorbhai Doshi

Khushboo Chandrakant Doshi

Karishma Rajesh Doshi

Listing At

NSE - SME

Registrar to the Issue

Bigshare Services Pvt Ltd

Attention Investor:

1) "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         2) For Stock Broking Transaction "Prevent unauthorised transactions in your account Update your mobile numbers / email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .... Issued in the interest of Investors."         3) For Depository Transaction "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....Issued in the interest of investors."         4) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.