Essen Speciality Films Limited

Essen Speciality Films Limited IPO Review, Date, Price, GMP

Essen Speciality Films Limited is a manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry. The company supplies its products to renowned multinational modern trade retailers such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl’s, Kroger, and others. Essen Speciality Films Limited has been recognized as a ‘two-star export house’ by the Ministry of Commerce & Industry, Government of India. The company has also been the exclusive global supplier of IKEA for certain products since its incorporation and has received the ‘Best Supplier of the Year award from IKEA twice.

Operating a fully-integrated, sustainable, and technologically advanced manufacturing unit, Essen Speciality Films Limited has obtained ISO 9001:2015 certification for compliance with quality requirements. The company is part of the Rajoo Group, led by its promoter group company, Rajoo Engineers Limited (REL). REL, listed on the BSE Limited since October 24, 1994, is a global player in plastic extrusion machinery, serving 75 countries worldwide. REL designs, manufactures, and services plastic extrusion machinery for various applications.

Essen Speciality Films Limited was incorporated on August 14, 2002, as ‘Essen Speciality Films Private Limited’ and later converted into a public limited company on December 31, 2022, under the name ‘Essen Speciality Films Limited.’ The company initially started manufacturing desk mats in 2003 and expanded its product portfolio to include expanded polystyrene foam disposables in 2007. Over the years, Essen Speciality Films Limited further expanded its operations to include manufacturing dining table mats, coasters, yoga mats, inner shoe soles, and artificial plants.

The company’s product portfolio is classified into seven categories: bath area, kitchen & dining, home décor, storage and organization, fitness and lifestyle, outdoor and utility, and customized products. Essen Speciality Films Limited markets and sells its products primarily under three brands: ‘Draperi’ for shower curtains, ‘Runner’ for shelf liners, and ‘Paperi’ for artificial plants and placemats. The company’s customers come from various industries, including home furnishing, home decor, departmental stores, discount retailers, hypermarkets, hardware and home improvement, office supplies stores, agricultural and medical industries, international importers, and wholesale distributors.

With a diverse customer base, Essen Speciality Films Limited focuses on cost-effective and customized solutions through product innovation, research and development in polymers and processes, and adherence to industry compliances and changing trends.  Essen Speciality Films Limited’s products are priced at an entry-level price point, creating them reasonable in all market conditions and delivering a positive outlook even during economic downturns.

Essen Speciality Films Limited exports its products to countries like China, Saudi Arabia, the United States of America, Qatar, the United Kingdom, Germany, Italy, Canada, Romania, Denmark, Poland, New Zealand, United Arab Emirates, Spain, Austria, France, Australia, Kuwait, Belgium, Sweden, and Mexico etc. 

Essen Speciality Films also has an online presence on e-commerce platforms such as Amazon, Flipkart, Snapdeal, Meesho, IndiaMart, and JioMart. While the company’s domestic sales contribute a significant portion of its revenue, it also supplies its products to local traders and distributors in India.

Essen Speciality Films Limited IPO Complete Details:

IPO Date23 June 2023 to 27 June 2023
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Face Value10 Rs. Per Share
PriceRs.101 to 107
Lot Size1200
Issue Size 6,199,200 shares (Rs. 66.33 Cr)
Fresh Issue 4,699,200 shares (Rs. Cr)
Offer For Sale1,500,000 shares (Rs. Cr)
Listing Date06 July 2023

Essen Speciality Films Limited IPO Timetable:

Opening Date23 June 2023
Closing Date27 June 2023
Allotment03 July 2023
Initiation of Refunds04 July 2023
Credit of Shares to Demat Account05 July 2023
Listing Date06 July 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxNet WorthBorrowings
31 March 202110,440.249,680.78913.736,707.761,541.36
31 March 202211,859.2811,857.17516.907,224.652,583.00
31 March 202310,970.8212,048.091,337.238,561.89657.40
Amount In Lakhs

AS OF NOW, the GMP OF Essen Speciality Films is Around 55 Rs.

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