Indian Emulsifier IPO allotment status expected to be finalised on May 17, check details

Indian Emulsifier IPO allotment is expected to be finalised on May 17 following an encouraging response from investors during the subscription period. The initial public offer opened for subscription on May 13 and closed on May 16.

After the allotment process gets over, the company will initiate refunds to those who have not been allotted shares on May 21. Successful applicants will receive their shares in their demat accounts on the same day. Subsequently, the shares will be listed on the NSE SME platform with a tentative listing date fixed as May 22.

Investors awaiting the share allotment can check the status online through the registrar portal or NSE's official website.

Here's how to check Indian Emulsifier IPO allotment status on the website of registrar Maashitla Securities Pvt Ltd.

• Visit Maashitla Securities’ official website - https://maashitla.com/
• Go to 'Allotment Status' on the home page.
• Click on 'Check Application Status'.
• Select the company name as 'Indian Emulsifier' from the dropdown list.
• Enter PAN/Application Number/Demat Account Number.
• Click 'Submit' button.
• Your IPO allotment status will appear on the screen.

Steps to check Indian Emulsifier IPO allotment status on NSE:

The investors need to complete a one-time registration process on the NSE website using PAN details, in order to check the IPO allotment status. Login ID and password will be received on the e-mail after registration.

After registration, follow these steps:

• Open NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with User ID and password received in email.
• Enter 'PAN' and bank details, view the allotment status on screen.

Applicants must remember that they will not be able to view their allotment status on NSE or registrar website until the basis of allotment is finalized by Indian Emulsifier.

Indian Emulsifier IPO subscription and other details

The initial public offering of Indian Emulsifiers was subscribed over 460 times on the final day of subscription.

According to NSE data, the IPO received applications for over 98.45 crore shares against the offered 21.4 lakh shares. NIIs bid for their portion 779.63 times while the retail investors' portion was subscribed 484.66 times. The QIBs quota was booked 175.95 times, according to stock exchange data.

Indian Emulsifier, a leading manufacturer and supplier of specialty chemicals, is looking to raise ₹42.39 crore through this IPO. The public offer is entirely a fresh issue of 32.11 lakh shares of ₹10 each. The price band for the IPO was kept at ₹125 to ₹132 per share.

Incorporated in 2020, Indian Emulsifier Limited is engaged in manufacturing speciality chemicals such as esters, amphoterics, phosphate esters, imidazolines, wax emulsions, SMO and PIBSA emulsifiers.

The company supplies these chemicals to enterprises in mining, textiles and food industries. The company’s manufacturing plants are located in Ratnagiri, Maharashtra. It also has two warehouses in Raigad and Ratnagiri of Maharashtra.

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