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Ducol Organics And Colours IPO is a fixed price issue of Rs 31.51 crores. The issue is entirely a fresh issue of 40.4 lakh shares.
Ducol Organics And Colours IPO bidding started from January 9, 2023 and ended on January 11, 2023. The allotment for Ducol Organics And Colours IPO was finalized on Monday, January 16, 2023. The shares got listed on NSE SME on January 19, 2023.
Ducol Organics And Colours IPO price is ₹78 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹124,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹249,600.
First Overseas Capital Limited is the book running lead manager of the Ducol Organics And Colours IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Ducol Organics And Colours IPO is Bhh Securities.
Refer to Ducol Organics And Colours IPO RHP for detailed information.
| IPO Date | January 9, 2023 to January 11, 2023 |
| Listing Date | January 19, 2023 |
| Face Value | ₹10 per share |
| Price | ₹78 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,040,000 shares (aggregating up to ₹31.51 Cr) |
| Fresh Issue | 4,040,000 shares (aggregating up to ₹31.51 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,500,000 |
| Share holding post issue | 14,540,000 |
| Market Maker portion | 401,600 shares Bhh Securities |
Ducol Organics And Colours IPO offers 4,040,000 shares. 1,819,200 (45.03%) to NII, 1,819,200 (45.03%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 401,600 (9.94%) |
| Other Shares Offered | 1,819,200 (45.03%) |
| Retail Shares Offered | 1,819,200 (45.03%) |
| Total Shares Offered | 4,040,000 (100%) |
Ducol Organics And Colours IPO opens on January 9, 2023, and closes on January 11, 2023.
| IPO Open Date | Monday, January 9, 2023 |
| IPO Close Date | Wednesday, January 11, 2023 |
| Basis of Allotment | Monday, January 16, 2023 |
| Initiation of Refunds | Tuesday, January 17, 2023 |
| Credit of Shares to Demat | Wednesday, January 18, 2023 |
| Listing Date | Thursday, January 19, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 11, 2023 |
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 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
| HNI (Min) | 2 | 3,200 | ₹249,600 |
| Lot Size Calculator | |||
Aamer Ahmed Farid and Hani Ahmed Farid are the promoters of the Company.
| Share Holding Pre Issue | 79.46% |
| Share Holding Post Issue | 57.38% |
Incorporated in 1994, Ducol Organics And Colours Limited offer a range of pigment dispersions for various industries. They offer products like Paints, Ink, Textile, Detergent, Paper, Rubber, and Plastics color solutions. They primarily engage in the business of manufacturing and selling of pigment dispersions, preparations, concentrates, paste colorants, and master batches.
Having such a broad product display and 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.
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:
The company has obtained ISO 9001: 2015 certification for the first two unit situated in Taluja MIDC. The first unit has a capacity of 3,500 MTPA for Wet Dispersions whereas the second unit has capacity of 2,000 MTPA for Master Batch, and 10,000 MTPA for Dry Dispersions. With the third unit, soon to be started, the company will be able to expand its capacity and deliver its products more efficiently.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 6140.42 | 7372.13 | 7 | 1405.68 | 1105.68 | 2296.91 |
| 31-Mar-21 | 5710.12 | 7885.8 | 281.43 | 1610.63 | 1389.94 | 1656.68 |
| 31-Mar-22 | 6347.51 | 8893.61 | 491.11 | 2089.57 | 1853.14 | 1991.51 |
| 30-Sep-22 | 6055.33 | 4874.8 | 417.22 | 2484.83 | 1490.35 | 1350.01 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Ducol Organics And Colours IPO is Rs 113.41 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 13.59 |
The objects of the Net Proceeds of the Issue are:
[Dilip Davda] Super earnings reported by the company for the past 30 months raise eyebrows as it is operating in a highly competitive and fragmented segment. The sustainability of such performance holds the key to future prospects. Based on its current financial performance, the issue appears fully priced. Well-informed investors may consider parking funds for the long term. Read detail review...
The Ducol Organics And Colours IPO is subscribed 44.63 times on January 11, 2023 7:00:00 PM. The public issue subscribed 31.11 times in the retail category, times in the QIB category, and 58.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 58.15 |
| Retail | 31.11 |
| Total | 44.63 |
| Listing Date | January 19, 2023 |
| BSE Script Code | |
| NSE Symbol | DUCOL |
| ISIN | INE0LZO01015 |
| Final Issue Price | ₹78 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹78.00 |
| ₹111.95 |
| ₹106.35 |
| ₹117.50 |
| ₹117.50 |
Ducol Organics And Colours Limited
Office No 302, Express Building,
14-E Road, Churchgate,
Mumbai – 400020
Phone: +91 22 4608 2353
Email: ipo@ducol.com
Website: http://www.ducol.com/
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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Ducol Organics And Colours IPO is a SME IPO of 4,040,000 equity shares of the face value of ₹10 aggregating up to ₹31.51 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600 Shares.
The IPO opens on January 9, 2023, and closes on January 11, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ducol Organics And Colours IPO using UPI as a payment gateway. Zerodha customers can apply in Ducol Organics And Colours IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ducol Organics And Colours IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ducol Organics And Colours IPO opens on January 9, 2023 and closes on January 11, 2023.
Ducol Organics And Colours IPO lot size is 1600 Shares, and the minimum amount required is ₹124,800.
You can apply in Ducol Organics And Colours 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 Ducol Organics And Colours IPO will be done on Monday, January 16, 2023, and the allotted shares will be credited to your demat account by Wednesday, January 18, 2023. Check the Ducol Organics And Colours IPO allotment status.
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