Essen Speciality Films Limited IPO Message Board (Page 8)

What Will be the allotment ratio if retailers subscription is more times than NII....

@IPOCB 
2 lots in HNI won't make any difference, you must go for 4 retail. You can check previous ipo's BOA

Thanks Sharvam Bhai, You are OK, Now I make 4 retails for lottery, It luck favours, one will allotment...

If i have saving account on my name and current account on my firm name,
Can i apply in IPO through ASBA/UPI through my current account also? I have only one pan card on my name.

@Ascension↗ 
1 application only but can i pay upi transfer on current account which is on my firm name. Both having same pan, but current bank account is having firm name.

Pan in demat and bank account no. need to be same. if it is proprietorship bank account also has your pan linked to that bank account. can be used. not sure. can seek advice of some expert

After lot of indecision due to limited funds, finally applied here with 5 lot HNI.

With so many good IPOs going on at same time, I don't think so anyone is in good position to predict the final subscription.

Subject to 55k.

Retail category-1 lot
Which has higher chances of allotment?
Essen or Greenchef??

Green

if one only have funds for one sme ipo , which will be the best for more allotment chances even if listing gain is less? pls suggest -

essen
greencheif
or pentagon

Pentagon

Every things positive here except allotment chances but still will play game of block/unblock and will try our luck.

karm karte chalo
Apply karte raho
Due to clash of many good IPOs, subscription will be reasonable and chance for everyone to get something.

1 lot in Retail or 2 lakhs in NII? Which choice is better from allotment perspective in this IPO?

Go for Retail.... instead of two lots.... And utilize that money in any other ipo

Bbhanu, Watch subscription figure of both categories around 2.45 PM and then take decision accordingly.

Any guess about estimated times of over subscription category wise?

1 lot retail or 9 lot hni,
Which is better for good chance of allotment

@rahulkrjain Higher the lot size higher the allotment chance.

As Already told 9 nos is Lucky .you will find many members with ..9..lots ...and there by eligible for Lottery ..and this category and then Some one will get 1 lot..
For getting allotment you will need company of other members...Among this some one will get allotment ....

Due to many good IPOs, subscription expected is as follows:
Retail= 50×
HNI = 80×

GMP 54-56
Sbt 55k
Expected subs 180 times NII

#Essen #SME
Biz
- Since 2002 manufactures & exports specialized plastic products in the home improvement & home furnishing industry
- Customers are from fortune 500 IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl's, Kroger, Amazon etc.
- product list includes bath area & accessories, artificial plants & flowers, kitchen & dining, storage & organization, fitness & lifestyle, & outdoor & utility products, & customized products, which include plastic films, Spa slippers, Baby shower caps, green-house gutter sheets, etc.
- One of the few companies in the world who manufactures TVOC complaint Kid’s Puzzle Mats as per numerous European & North America st&ards
- largest manufacturer of Non Adhesive self liner & PEVA Shower Curtain & Liners
- Top 5 customers 72.82%, 78.72%, & 91.73% in FY23,22,21
- now IKEA constitutes 50% of revenues & rest 50%, earlier it was only IKEA
- Currently they have +425 SKUs & every year they come up with new +20 products
- Shower Curtains & Shelf Liners account for ~60% of sales
- Sustainability - products made from renewable feedstock based polymers (Bio PE & Bio EVA) & recycled polymers (post consumer GRS certified & RCS certified recycled materials).
- Exports to 24 Countries
- 'Best Supplier of the Year', twice by IKEA
- part of Group Company, Rajoo Engineers Limited, well respected Rajkot listed company since 94
- 671 emp
- installed capacity of 9450 (MTPA) & Currently they are at 50% of capacity utilization
- largest consumers of Bio Polymers
- The company expects to grow by 15-18% CAGR over the next 2-3 years
- IKEA opening 9 new stores in India with growing its online channel. EU & USA dem& is back
- they are aggressive on artificial plants which is high margin business
- in talks with companies like Dmart & Reliance for new prospective customers
- Company owns factory & warehouse properties

Issue
- 66.3 Cr Issue, 5166 lots, 221.48 cr Mcap
- 24% OFS, ~26.5% QIB, ~20% NII & 46.5% Retail
- Post Issue Share Holding 70%
- Issue proceeds to go for part payment & WCAP
- WCAP requirement is high due to Export orders
- LM GYR Cap

Promoter
- Young members from Doshi family are given responsibilities. They are educated from foreign / Indian univ & carries diverse educational qualification

Peer
- Shaily Eng & Supreme with PE of 40+

Good
- Sales ig growing. Domestice sales
- Profit increased to FY23
- Decent OPMs of min 20% in last 3 years & ~27% in FY23
- Retiring debt due to IPO proceeds will improve profitability & improve EPS & reduce PE leading to rerating
- Positive OCF in FY23 & Fy21
- Almost debt free post IPO
- PE ranges from 12.8 to 17.2
- Good anchor list with some listing day sellers

Bad
- Other expense are high around 13% total exp
- Profit went down in 2022 mainly due to high RM costs, Finance & Emp costs
- NPM is single digital in FY21,22 & 11.4% in FY23
- trade recieveables are high but out of ₹ 1,690.15 lacs, ₹ 1,440.44 lacs & ₹ 1,424.03 lacs, Trade Recieveables,debts amounting to ₹ 11.87 lacs, ₹28.96 lacs & ₹ 51.61 lacs were outst&ing for a period exceeding six months. which gives lots of confidence
- Polymer costs & frieght cost can impact the commpany adversely as seen in 2022 numbers

Conclusion:
Apply with full force and hold for long term

What is your final call for ESSEN SPECIALITY and in order what order are you guys applying in the current sme and mainboard ipos.( Preference according to profit expectation)

@Liger ,@IPO Wizard ,@Arca ,@PKRAJ , @Monster Zero ,@Chem cho , @Trueinfo ,@Crow ,@svh ,@DINESHSINH RAJPUT , @Hostpacker , @Smile✍️ ,@Eagleye @IPO , @KING VINOD .,@Noorul ,@MRavichandran @B.M.SURANA , @Thoth @lokes @KAPPO @Arjun Rajkot and all respected chittorgarh family members🙏

@Noorul  @lokes & all Experts - What is the estimated HNI subscriptions?

@ ipogainers,
Because 2 Mainline and 3 SME are clashing at the same time.

This time due to 2 mainboard Ipo running at a same time.. quite difficult to predict the estimated subscription figures..
Still I guess both Essen and Greechief HNI subscription will be settled between 95x -130x.

For retailer it is Lottery system but what about QIB's.? Is it lottery or proportionate..?

Did anyone receive mail from bse ibbbs regarding bidding. ?
My funds is Blocked but didn't receive any email from bse.

This is on NSE SME platform. Message only from NSE.

got message from NSE

Can we sell SME ipo's on listing day with out any issues from ICICI Securities if allotted?

I personally recommend Zerodha over ICICI direct as sometimes they don't allow pre open orders.Due to same I was not able to sell Kore in pre open and still holding

ICICI direct is very troublesome for SME Ipos.

To answer your question yes you can sell after 10 am. However if you want to sell in pre-open market that is sometimes very necessary for some sme ipos than im sorry to say it doesnt work. Try zerodha, even hdfc sec has worked for me personally.

Greenchef catching up on Essen in GMP race.
Interesting times ahead

In my view real race is in allotment😅🏆

Retail showing more enthusiasm in Essen