Essen Specialty Films Limited IPO | Invest in a leading manufacturer of specialty films
Essen Specialty Films Limited is a leading manufacturer of specialty films used in a variety of industries. The company is currently conducting an IPO, and this is your chance to invest in a growing business
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Essen Specialty Films Limited IPO: A Closer Look
Essen Specialty Films Limited (ESF) is a leading manufacturer of specialty films in India. The company offers a wide range of films, including BOPET, CPP, BOPP, and PET, which are used in a variety of applications, such as packaging, electronics, and automotive.
ESF is planning to raise ₹1,200 crore through an IPO. The IPO will consist of a fresh issue of ₹750 crore and an offer for sale of ₹450 crore by the existing shareholders. The proceeds from the IPO will be used to fund the company's expansion plans, including the setting up of a new manufacturing plant in Gujarat.
The IPO is open for subscription from June 20 to 22, 2023. The issue is being managed by ICICI Securities, Axis Capital, and SBI Capital Markets.
