
Chemicals · NSE
Founded in December 2020, Indian Emulsifier Limited is a leading manufacturer and supplier of specialty chemicals, including Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, and Emulsifiers like SMO & PIBSA. The company serves various industries such as mining, textiles, cleaning, PVC/rubber, personal care, and food, offering a diverse range of over 40 specialty chemicals. With an ISO 9001:2015-certified manufacturing facility in Ratnagiri, Maharashtra, the company has expanded its production capacity from 2,400 MT to 4,800 MT per year by integrating additional reactors. Their advanced process control, R&D center, quality control, and application laboratories ensure high-quality products and continuous innovation. To support efficient logistics and customer service, warehouses in Raigad and Ratnagiri help streamline supply chain operations. As of December 31, 2023, the company has 34 full-time employees, including key managerial personnel, making it a strong and growing player in the specialty chemicals industry.
Price Band
₹125 – ₹132
Issue Size
₹42.39 Cr
Lot Size
1000 shares
GMP
+181.8%
Est. Listing
₹372
at current GMP
Subscribed
460.08x
overall
Open
13 May 2024
Close
16 May 2024
Allotment
17 May 2024
Refund
18 May 2024
Demat Credit
19 May 2024
Listing
22 May 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹132
Band: ₹125 – ₹132
Estimated Listing Price
₹372
Upper price + GMP
Lot Size
1000 shares
Min investment ₹1,32,000
Estimated Profit / Lot
₹2,40,000
1000 × ₹240
Grey Market Premium trend
+₹240
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹240 | 181.8% | ₹372 |
| 30 Oct 2026 | +₹240 | 181.8% | ₹372 |
| 29 Oct 2026 | +₹216 | 163.6% | ₹348 |
GMP is unofficial market data. Not a guarantee of listing performance.
Indian Emulsifiers Limited is bringing an initial public offering (IPO) in the Chemicals sector with an aggregate issue size of ₹42.39 Crores. The shares are offered at a price band of ₹125 to ₹132 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,32,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Maashitla Securities Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-05-19, while un-allotted funds or UPI block mandates will be released on 2024-05-18.
The latest grey market premium for Indian Emulsifiers Limited IPO is ₹240, which indicates an expected listing price of ₹372.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.