Essen Speciality Films Limited

Company Profile
Company Name Essen Speciality Films Limited
Open Date 23-06-2023
Close Date 27-06-2023
Exchange NSE SME
Lot Size 1200 shares
Issue Price ₹101 - ₹107 per share
Issue Size 61,99,200Equity Shares
Application Amount ₹ 1,28,400
Recommendation Apply
Essen Speciality Films Limited was incorporated in the year 2002 headquartered in Rajkot-Gujarat. The Company is a manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry, to multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, Kroger etc. Company is part of the Rajoo Group, which is headed by their promoter group company and Group Company, Rajoo Engineers Limited (“REL”). Company markets and sell its products predominantly under three brands; ‘Draperi’ for shower curtains, ‘Runner’ for shelf liners and ‘Paperi’ for artificial plants and placemats. They supply their products to twenty-four (24) countries. Their customers are mainly domestic and international manufacturers functioning in various industries, however they also cater to end-use customers through online presence. They also supply their products to local traders and distributors in India.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 10,440.24 11,859.28 10,970.82
Net Assets 6,707.76 7,224.66 8,561.89
Total Borrowings 1,541.36 2,583.00 657.40
Total Revenue 9,680.78 11,857.17 12,048.09
Profit After Tax 913.73 516.90 1,337.23

Tentative Timeline

Opening Date 23-06-2023
Closing Date 27-06-2023
Basis of Allotment 03-07-2023
Initiation of Refunds 04-07-2023
Credit of Shares to Demat 05-07-2023
Listing Date 06-07-2023

Objects of the Issue

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

Contact Information

Registered Office Essen Speciality Films Limited Plot No. A, Survey No. 192, Veraval (Shapar), Rajkot – 360 024
Phone +91 98253 12701

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Anchor Investor Shares Offered 17,65,200 (28.47%)
Market Maker Shares Offered 3,10,800 (5.01%)
QIB Shares Offered 11,77,200 (18.99%)
NII (HNI) Shares Offered 8,84,400 (14.27%)
Retail Shares Offered 20,61,600 (33.26%)
Total Shares Offered 61,99,200 (100%)

Shareholding Pattern

Share Holding Pre Issue 100%
Share Holding Post Issue 70%

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