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SME IPO: Essen Speciality Films issue to open on June 23. 10 things to know about the offer

Essen Speciality Films initial public offering (IPO) will open on June 23 and close on June 27. The Mumbai-based company exports specialized plastic products for home improvement and furnishings, and intends to use the IPO s funds for debt repayment, working capital requirements and general corporate purposes. The IPO consists of a fresh equity issue of up to 46.99 lakh equity shares of face value of INR10 ($0.14) each and an offer for sale of up to 1.5 million equity shares by selling shareholders with a price band of INR101-107 per share. ....

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