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Bhatia Colour Chem IPO is a fixed price issue of Rs 40.00 crores. The issue is entirely a fresh issue of 50 lakh shares.
Bhatia Colour Chem IPO bidding started from March 14, 2022 and ended on March 16, 2022. The shares got listed on BSE SME on March 24, 2022.
Bhatia Colour Chem IPO price is ₹80 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹128,000.
Interactive Financial Services Ltd is the book running lead manager of the Bhatia Colour Chem IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Bhatia Colour Chem IPO RHP for detailed information.
| IPO Date | March 14, 2022 to March 16, 2022 |
| Listing Date | March 24, 2022 |
| Face Value | ₹10 per share |
| Price | ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,000,000 shares (aggregating up to ₹40.00 Cr) |
| Fresh Issue | 5,000,000 shares (aggregating up to ₹40.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,233,750 |
| Share holding post issue | 12,233,750 |
| Market Maker portion | 264,000 shares |
Bhatia Colour Chem IPO offers 5,000,000 shares. 2,368,000 (47.36%) to NII, 2,368,000 (47.36%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 264,000 (5.28%) |
| Other Shares Offered | 2,368,000 (47.36%) |
| Retail Shares Offered | 2,368,000 (47.36%) |
| Total Shares Offered | 5,000,000 (100%) |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| Lot Size Calculator | |||
Mr. Bharat Bhatia, Mr. Ramesh Bhatia, and Mr. Ravi Bhatia are the company promoters.
| Share Holding Pre Issue | 74.65% |
| Share Holding Post Issue | 44.14% |
Incorporated in 2021, Bhatia Colour Chem Limited specializes in trading & manufacturing Chemicals, Dyes, and Auxiliaries products. The company produces Value Added Printing Products, Textile Auxiliaries & Chemicals, Foil Binders, Glitter Powder, Printing Inks, and Zari Binders with a variety of ranges and specialization as per the demand of the client. The products are mainly useful for the printing on Textile materials like Polyester & Cotton which includes, ambos on T-shirts, Zari Prints, and shading.
Competitive Strength:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 18-Feb-22 | |||||
| Total Assets | 3,727.56 | ||||
| Total Revenue | 531.96 | ||||
| Profit After Tax | 35.30 | ||||
The market capitalization of Bhatia Colour Chem IPO is Rs 97.87 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 166 |
The Company proposes to utilize the Net Proceeds from the issue towards the following objects:
[Dilip Davda] Based on its financial data, the issue is exorbitantly priced. Even the total equity dilution is above 40% raising concern. This segment is highly competitive and fragmented. The sustainability of margins shown for the period ended February 18, 2022, raises concern. Considering all these factors, there is no harm in ignoring this pricy issue. Read detail review...
The Bhatia Colour Chem IPO is subscribed 1.43 times on March 16, 2022 6:33:00 PM. The public issue subscribed 0.18 times in the retail category, times in the QIB category, and 2.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.69 |
| Retail | 0.18 |
| Total | 1.43 |
| Listing Date | March 24, 2022 |
| BSE Script Code | 543497 |
| NSE Symbol | |
| ISIN | INE0KQ001017 |
| Final Issue Price | ₹80 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹80.00 |
| ₹40.00 |
| ₹40.00 |
| ₹42.00 |
| ₹42.00 |
Bhatia Colour Chem Limited
Plot No. A/2/12,
Road No. 1 Udhna Udhyog Nagar,
Sangh, Udhna, Surat – 394210,
Phone: 9104294564
Email: account@bccindia.com
Website: https://www.bccl.info/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Bhatia Colour Chem IPO is a SME IPO of 5,000,000 equity shares of the face value of ₹10 aggregating up to ₹40.00 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600 Shares.
The IPO opens on March 14, 2022, and closes on March 16, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Bhatia Colour Chem IPO using UPI as a payment gateway. Zerodha customers can apply in Bhatia Colour Chem IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bhatia Colour Chem IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bhatia Colour Chem IPO opens on March 14, 2022 and closes on March 16, 2022.
Bhatia Colour Chem IPO lot size is 1600 Shares, and the minimum amount required is ₹128,000.
You can apply in Bhatia Colour Chem IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Bhatia Colour Chem IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bhatia Colour Chem IPO allotment status.
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