Ducol Organics And Colours IPO will open for subscription from 09 January 2023. the company aims for an issue size of ₹31.51 Cr through this IPO.
About Company
Incorporated in 1994, Ducol Organics and Colours offers a range of pigment dispersions for various industries. It offers products like Paints, Ink, Textile, Detergent, Paper, Rubber, and Plastics color solutions. It primarily engages in the business of manufacturing and selling pigment dispersions, preparations, concentrates, paste colorants, and masterbatches.
For manufacturing, Ducol Organics And Colours has established two well-equipped and operating facilities located in Taloja. The company has a third manufacturing unit at Mahad in process of getting established with trials currently being conducted.
The products of Ducol Organics And Colours are:
- Dutint – water-based dispersions for decorative paints
- Duplast – MB for the plastic industry
- Duprint – water-based dispersion for printing ink formulations
- Dutex – pigment pastes for the textile printing industry
- Dusperse – for the soap and detergent industry
- Dupralin – for the paper industry
- Dupren – used in the rubber industry
- Ducem – Dry dispersions of various general applications
Basic details about the company
| Full name | Ducol Organics And Colours Limited |
| Sector | Chemicals |
| Industry | Paints |
| Company Website | https://www.ducol.com/home.html |
The objective of the Issue
- Funding working capital requirements of our Company.
- General corporate purposes.
Major Competitive strengths
- Strong and experienced management team.
- Broad product portfolio.
- Pan-India customer base.
- The company serves a variety of entities and industries including paints, ink, textile, rubber, plastic, leather, paper, soaps, detergents, and FMCG.
IPO Timetable
| IPO Opening date | 09 January 2023 |
| IPO Closing | 11 January 2023 |
| Basis of Allotment | 16 January 2023 |
| Initiation Refund | 17 January 2023 |
| Credit to Demat Account | 18 January 2023 |
| Listing Date | 19 January 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹31.51 Cr – 4,040,000 shares |
| Fresh Issue | ₹31.51 Cr – 4,040,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹78 per share |
| Lot size | 1600 Shares |
| Retail Allocation | 50% of the Net Issue |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
| HNI (Min) | 2 | 3,200 | ₹249,600 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 73.17 | 77.92 | 87.99 | 48.59 |
| Expenses | 69.02 | 71.40 | 78.93 | 42.17 |
| Net income | 0.07 | 2.81 | 4.91 | 4.17 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.07 | 2.68 | 4.68 |
| PE ratio | – | – | 16.68 |
| RONW (%) | 0.50 | 17.47 | 23.50 |
| NAV | – | – | 19.90 |
Company Promoters
- Aamer Ahmed Farid
- Hani Ahmed Farid
Promoter Holding
| Pre Issue Share Holding | 80.86% |
| Post Issue Share Holding | % |
Lead Manager(s)
- First Overseas Capital Limited
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
DUCOL ORGANICS AND COLOURS LIMITED
Plot No. 22/2, Taloja,
Taluka Panvel, Raigad,
Maharashtra India
Phone: +91 22 4608 2353
E-mail: ipo@ducol.com
Website: www.ducol.com
Allotment Status
Ducol Organics IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.
Final thoughts
Ducol Organics And Colours IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
