Unilex Colours and Chemicals IPO will open for subscription from 25 September 2024. The company aims for an issue size of ₹31.32 Cr through this IPO.
Company Overview
| Full name | Unilex Colours and Chemicals Limited |
| Sector | Chemicals |
| Industry | Chemicals |
| Company Website | https://unilexcolours.in/ |
About Company
Unilex Colours and Chemicals manufactures pigments and trades chemicals and food colors. The pigments it produces are used in a variety of industries, including plastics, rubber, textiles, paper, printing inks, paints, and coatings. Unilex Colours and Chemicals specializes in the production of Pigment Blue 15:3 and 15:4, with an annual production capacity of 1,878 metric tons. Its products are marketed under the registered brand name “Unilex.” The company serves both domestic and international markets, offering a wide range of pigment solutions across various industries. Its manufacturing facility is located in Palghar, Maharashtra.
Unilex Colours and Chemicals offers a wide range of pigments, including Pigment Green-7, Pigment Middle Chrome, Pigment Violet 23 & 27, and Ultramarine Blue, sourced from third-party manufacturers. The company exports to countries such as Vietnam, Brazil, Mexico, Nigeria, Russia, and many others. It provides flexible packaging options, including multi-layer paper bags, corrugated boxes, HDPE bags, wooden pallets, and jumbo bags.
The Objectives of the Issue
- To Meet Working Capital Requirements;
- Repayment of a portion of certain borrowing availed by the company;
- General Corporate Purpose.
Unilex Colours and Chemicals IPO Timetable
| IPO Opening date | 25 September 2024 |
| IPO Closing | 27 September 2024 |
| Basis of Allotment | 30 September 2024 |
| Initiation Refund | 01 October 2024 |
| Credit to Demat Account | 01 October 2024 |
| Listing Date | 03 October 2024 |
Unilex Colours and Chemicals IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹31.32 Cr – 3,600,000 shares |
| Fresh Issue | ₹31.32 Cr – 3,600,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹82 to ₹87 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 192,000 shares |
| Shareholding pre-issue | 10,017,000 |
| Shareholding post-issue | 13,617,000 |
| Listing Exchange | NSE SME |
Unilex Colours and Chemicals IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹139,200 |
| Retail (Max) | 1 | 1600 | ₹139,200 |
| HNI (Min) | 2 | 3,200 | ₹278,400 |
Unilex Colours and Chemicals Offer Documents
Unilex Colours and Chemicals IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 10,20,800 (28.36%) |
| Market Maker Shares Offered | 1,92,000 (5.33%) |
| QIB Shares Offered | 6,81,600 (18.93%) |
| NII (HNI) Shares Offered | 5,12,000 (14.22%) |
| Retail Shares Offered | 11,93,600 (33.16%) |
| Total Shares Offered | 36,00,000 (100%) |
Unilex Colours and Chemicals Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 145.27 | 139.39 | 143.85 |
| Expenses | 145.22 | 137.84 | 141.05 |
| Net income | 4.71 | 4.97 | 6.17 |
Unilex Colours and Chemicals Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 4.70 | 4.96 | 6.16 |
| PE ratio | – | – | 13.31 – 14.12 |
| RONW (%) | 16.79 | 15.52 | 16.73 |
| NAV | 28.01 | 31.97 | 36.80 |
| ROCE (%) | 1.20 | 4.95 | 6.32 |
| EBITDA (%) | 0.69 | 1.97 | 2.99 |
| Debt/Equity | 0.40 | 0.36 | 0.59 |
Company Promoters
- Purushottam Brijlal Sharma
- Narendra Parameswarappa Kotehall
- Aditya Sharma
- Manojkumar Shyamsunder Sharma
- Rohit Krishnakumar Sharma
- Kabir Radheyshyam Sharma
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.56% |
Unilex Colours and Chemicals Offer GMP Update
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 27-09-2024 Close | 87.00 | ₹13 | 15800 | ₹100 (14.94%) | 27-Sep-2024 19:23 |
| 26-09-2024 | 87.00 | ₹13 | 15800 | ₹100 (14.94%) | 26-Sep-2024 23:23 |
| 25-09-2024 Open | 87.00 | ₹13 | 15800 | ₹100 (14.94%) | 25-Sep-2024 23:25 |
| 24-09-2024 | 87.00 | ₹0 | — | ₹87 (0%) | 24-Sep-2024 23:29 |
| 23-09-2024 | 87.00 | ₹0 | — | ₹87 (0%) | 23-Sep-2024 23:25 |
| 22-09-2024 | 87.00 | ₹0 | — | ₹87 (0%) | 22-Sep-2024 23:29 |
| 21-09-2024 | 87.00 | ₹0 | — | ₹87 (0%) | 21-Sep-2024 23:30 |
| 20-09-2024 | 87.00 | ₹0 | — | ₹87 (0%) | 20-Sep-2024 23:24 |
| 19-09-2024 | 87.00 | ₹0 | — | ₹87 (0%) | 19-Sep-2024 23:29 |
Unilex Colours and Chemicals IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 6,81,600 | 5,12,000 | 11,93,600 | 23,87,200 |
| 27 Sep 2024 | 15.58 | 60.71 | 32.97 | 33.96 |
| 26 Sep 2024 | 3.64 | 3.77 | 6.98 | 5.34 |
| 25 Sep 2024 | 0.00 | 2.72 | 1.45 | 1.31 |
Unilex Colours and Chemicals IPO Allotment Status
Unilex Colours IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Unilex Colours and Chemicals IPO Listing Details
| Listing Date | 03 October 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Unilex Colours and Chemicals IPO Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra, India
Phone: +91- 22- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Unilex Colours and Chemicals Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: unilex.smeipo@linkintime.co.in
Website: www.linkintime.co.in
Unilex Colours and Chemicals Contact Details
UNILEX COLOURS AND CHEMICALS LIMITED
106-107, Advent Atria, Chincholi Bunder Road,
Malad (W) Mumbai-400064 Maharashtra
Phone: +91-22-28886235
E-mail: cs@unilexcolours.in
Website: www.unilexcolours.in
Unilex Colours and Chemicals IPO FAQs
What is Unilex Colours and Chemicals IPO size?
Unilex Colours offer size is ₹ 29.52 – 31.32 crores.
What is the Unilex Colours IPO price band?
Unilex Colours public offer price is ₹ 82 – 87 per share.
What is the lot size of Unilex Colours Offer?
Unilex Colours offer lot size is 1,600 shares.
What is Unilex Colours IPO GMP today?
Unilex Colours IPO GMP today is ₹ 15 per share.
What is the Unilex Colours kostak rate today?
Unilex Colours kostak rate today is ₹ NA per application.
What is Unilex Colours Subject to Sauda rate today?
Unilex Colours is Subject to Sauda rate today is ₹ 17,000 per application.
Final thoughts
Unilex Colours and Chemicals IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
