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Unilex Colours and Chemicals IPO is a book built issue of Rs 31.32 crores. The issue is entirely a fresh issue of 36 lakh shares.
Unilex Colours and Chemicals IPO bidding started from September 25, 2024 and ended on September 27, 2024. The allotment for Unilex Colours and Chemicals IPO was finalized on Monday, September 30, 2024. The shares got listed on NSE SME on October 3, 2024.
Unilex Colours and Chemicals IPO price band is set at ₹82 to ₹87 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹139,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹278,400.
Hem Securities Limited is the book running lead manager of the Unilex Colours and Chemicals IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Unilex Colours and Chemicals IPO is Hem Finlease.
Refer to Unilex Colours and Chemicals IPO RHP for detailed information.
| IPO Date | September 25, 2024 to September 27, 2024 |
| Listing Date | October 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹82 to ₹87 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,600,000 shares (aggregating up to ₹31.32 Cr) |
| Fresh Issue | 3,600,000 shares (aggregating up to ₹31.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,017,000 |
| Share holding post issue | 13,617,000 |
| Market Maker portion | 192,000 shares Hem Finlease |
Unilex Colours and Chemicals IPO offers 36,00,000 shares. 6,81,600 (18.93%) to QIB, 5,12,000 (14.22%) to NII, 11,93,600 (33.16%) to RII and 10,20,800 (28.36%) to Anchor investors.
| 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 IPO raises Rs 8.88 crore from anchor investors. Unilex Colours and Chemicals IPO Anchor bid date is September 24, 2024. Unilex Colours and Chemicals IPO Anchor Investors list
| Bid Date | September 24, 2024 |
| Shares Offered | 1,020,800 |
| Anchor Portion Size (In Cr.) | 8.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 29, 2024 |
Unilex Colours and Chemicals IPO opens on September 25, 2024, and closes on September 27, 2024.
| IPO Open Date | Wednesday, September 25, 2024 |
| IPO Close Date | Friday, September 27, 2024 |
| Basis of Allotment | Monday, September 30, 2024 |
| Initiation of Refunds | Tuesday, October 1, 2024 |
| Credit of Shares to Demat | Tuesday, October 1, 2024 |
| Listing Date | Thursday, October 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2024 |
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 | ₹139,200 |
| Retail (Max) | 1 | 1600 | ₹139,200 |
| HNI (Min) | 2 | 3,200 | ₹278,400 |
| Lot Size Calculator | |||
The company's promoters are Purushottam Brijlal Sharma, Narendra Parameswarappa Kotehall, Aditya Sharma, Manojkumar Shyamsunder Sharma, Rohit Krishnakumar Sharma and Kabir Radheyshyam Sharma
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.56% |
Incorporated in March 2001, Unilex Colours and Chemicals Limited manufactures pigments, trades chemicals, and manufactures food colours.
The company markets its products under the registered brand name “Unilex,” catering to both domestic and international markets. They provide a wide range of pigment solutions for various industries.
The company's manufacturing unit in Palghar, Maharashtra spans 1275 sq. meters and is equipped with various machines including Ball Mill, Root Blower, Silo, Reaction Steel Vessel, Brick Lined Vessel, Rubber Lined Vessel, Drying Vessel, Spin Flash Dryer, Ribbon Blender, Air Classifier Mill, Air Blender, and Filter Press.
The company's manufacturing facility is certified with ISO 9001:2015 for quality management in the production of pigments, food dyes, and drug intermediates.
The company's manufacturing revenue for fiscal 2024, 2023, and 2022 was ?6,652.17 lakhs, ?7,455.21 lakhs, and ?8,487.51 lakhs, contributing 46.24%, 53.48%, and 58.42% of the total revenue, respectively.
The company's product portfolio includes a wide range of pigments, including Pigment Green -7, Pigment Middle Chrome, Pigment Violet 23 & 27, and Ultramarine Blue, which are sourced from various third-party manufacturers to meet the specific requirements of its clients.
The company's products are exported to various countries including Vietnam, Brazil, Mexico, Nigeria, Russia, Turkey, the Netherlands, Poland, China, Spain, Malaysia, Thailand, the United Arab Emirates, and Uzbekistan.
The company offers multi-layer paper bags, corrugated boxes, HDPE and HDPE-coated bags, multi-layer liners and HM covers, wooden pallets, and jumbo bags.
As of March 31, 2024, the company's product portfolio comprises more than 100 products.
As of March 31, 2024, the company has 25 contract laborers and 54 employees on the payroll at the manufacturing unit.
Unilex Colours and Chemicals Limited's revenue increased by 3% and profit after tax (PAT) rose by 24% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 9,068.35 | 7,072.31 | 7,669.84 | |||||||||||||||||||||||||||
| Revenue | 14,932.88 | 14,441.84 | 15,156.73 | |||||||||||||||||||||||||||
| Profit After Tax | 616.67 | 497.07 | 471.17 | |||||||||||||||||||||||||||
| Net Worth | 3,686 | 3,202.89 | 2,805.98 | |||||||||||||||||||||||||||
| Reserves and Surplus | 2,684.3 | 2,868.99 | 2,472.08 | |||||||||||||||||||||||||||
| Total Borrowing | 2,161.4 | 1,166.83 | 1,135.09 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Unilex Colours and Chemicals IPO is Rs 118.47 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 17.93% |
| ROCE | 6.32% |
| Debt/Equity | 0.59 |
| RoNW | 16.73% |
| PAT Margin (%) | 4.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.16 | 4.53 |
| P/E (x) | 14.13 | 19.21 |
The company intend to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] The company is engaged in the business of manufacturing pigments, and trading in chemicals and food colours. It is operating in a highly competitive and fragmented segment. The company posted inconsistency in its top lines for the reported periods, but reported boosted profits for FY24. Based on FY24 earnings, the issue appears fully priced. Well-informed investors may park moderate funds for medium term. Read detail review...
The Unilex Colours and Chemicals IPO is subscribed 35.03 times on September 27, 2024 6:19:59 PM. The public issue subscribed 35.11 times in the retail category, 15.58 times in the QIB category, and 60.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 15.58 |
| NII | 60.74 |
| Retail | 35.11 |
| Total | 35.03 |
Total Application : 26,191 (35.11 times)
| Listing Date | October 3, 2024 |
| BSE Script Code | |
| NSE Symbol | UNILEX |
| ISIN | INE0B2801011 |
| Final Issue Price | ₹87 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹87.00 |
| ₹89.00 |
| ₹84.55 |
| ₹89.00 |
| ₹88.15 |
Unilex Colours and Chemicals Limited
106-107, Advent Atria,
Chincholi Bunder Road
Malad (W) Mumbai-400064
Phone: +91-22-28886235
Email: cs@unilexcolours.in
Website: https://unilexcolours.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: unilex.smeipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Unilex Colours and Chemicals IPO is a SME IPO of 3,600,000 equity shares of the face value of ₹10 aggregating up to ₹31.32 Crores. The issue is priced at ₹82 to ₹87 per share. The minimum order quantity is 1600 Shares.
The IPO opens on September 25, 2024, and closes on September 27, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Unilex Colours and Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Unilex Colours and Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Unilex Colours and Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Unilex Colours and Chemicals IPO opens on September 25, 2024 and closes on September 27, 2024.
Unilex Colours and Chemicals IPO lot size is 1600 Shares, and the minimum amount required is ₹139,200.
You can apply in Unilex Colours and Chemicals 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 Unilex Colours and Chemicals IPO will be done on Monday, September 30, 2024, and the allotted shares will be credited to your demat account by Tuesday, October 1, 2024. Check the Unilex Colours and Chemicals IPO allotment status.
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Now it is up to u to analyse future appreciation of stock price. Anchors have more than 10 lacs share and they will not sell shares in near future.