Unilex Colours and Chemicals IPO - AstroIPO

Unilex Colours and Chemicals IPO


September 20, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Unilex Colours and Chemicals is bringing its Initial Public Offering to the NSE SME platform from September 25-27, 2024. This company operates in the dyes and pigments sector, a key component of India’s chemical industry.

The IPO offers 36 lakh fresh shares, aiming to raise up to ₹31.32 crore. The price band is set at ₹82-87 per share, with a face value of ₹10. For retail investors, the minimum application is 1,600 shares, requiring an investment of ₹139,200 at the upper price band.

A notable aspect is the current 100% promoter holding, which will decrease to 73.56% post-IPO. This significant retention suggests the promoters’ confidence in Unilex’s future prospects.

The book-building process will determine the final offer price based on investor demand within the given range. This method can provide insights into the market’s perception of the company’s value.

It’s worth noting that 1.92 lakh shares are reserved for market makers, which can help provide liquidity for the stock post-listing.

Hem Securities Limited is managing the IPO, while Link Intime India Private Ltd serves as the registrar. These experienced firms add a layer of credibility to the offering process.

India’s dyes and pigments industry has been growing, driven by demand from textiles, paints, and other sectors.

Unilex Colours and Chemicals IPO Details

IPO Size ₹31.32 Cr
Price Range ₹82 - ₹87
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE
Minimum Quantity 1600
Investment (cut-off price) ₹139,200
Pre IPO Promotor Holding 100.00%
Post IPO Promotor Holding 73.56%
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Unilex Colours and Chemicals IPO Timelines

25/09/2024
Start Date
27/09/2024
End Date
30/09/2024
Allotment Date View Status
01/10/2024
Refund Initiation
01/10/2024
Credit of Shares to Demat Ac
03/10/2024
Listing Date

Unilex Colours and Chemicals IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 1600 ₹139,200
Retail Maximum 1 1600 ₹139,200
HNI Minimum 2 3200 ₹278,400

Unilex Colours and Chemicals IPO Subscription Status

QIB NII Retail EMP Total
15.58x 60.74x 35.11x -- 35.03x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹89 ₹89 ₹89 ₹84.55

Unilex Colours and Chemicals IPO Company Financials

Year Total Income Total Expense PAT
FY 2022 ₹151.57 ₹145.22 ₹4.71
FY 2023 ₹144.42 ₹137.84 ₹4.97
FY 2024 ₹149.33 ₹141.05 ₹6.17

About Company

Unilex Colours & Chemicals Limited, founded in 2001, is part of the UNILEX GROUP and specializes in manufacturing and exporting pigments, dyes, and food colours. The group, led by Mr. Purushottam Sharma, includes four companies covering various sectors such as cosmetics raw materials, petroleum products, and laboratory chemicals.

With three manufacturing plants in Maharashtra, the company operates round the clock, supplying to both domestic and international markets. Unilex Colours & Chemicals Limited, the flagship company, has established itself as a leading brand in the dyes industry, recognized for its strong customer relationships and service quality. It has earned a Star Export House status from the Directorate General of Foreign Trade, India.

Incorporation Date Sector Managing Director
2001 Dyes And Pigments Aditya Sharma

Know Before Investing

Unilex Colours and Chemicals IPO Strengths

  • Established long-term relationships with diverse customers across multiple regions.
  • Provides a wide range of products to various industries.
  • Serves numerous sectors with tailored solutions.
  • Led by experienced promoters and directors with a skilled management team.
  • Strong R&D capabilities enable product innovation and customization.

Unilex Colours and Chemicals IPO Risks

  • A significant portion of revenue comes from the top five products. Loss of customers or reduced demand for these products may negatively impact business, financial condition, and operations.
  • Dependence on third-party suppliers without long-term or exclusive contracts exposes the company to risks. Delays or failures from vendors may affect profitability and reputation.
  • Business relies on manufacturing facilities, and any disruption in operations, strikes, or wage demands may have adverse effects on business, financial condition, and results of operations.

Swot Analysis for Unilex Colours and Chemicals IPO

Strengths

Weaknesses

Opportunities

Threats

Company Details

Unilex Colours and Chemicals Limited

106-107, Advent Atria,
Chincholi Bunder Road
Malad (W) Mumbai-400064

Phone: +91-22-28886235

Email: [email protected]

Website: https://unilexcolours.in/

IPO Registar Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: [email protected]

Website: https://linkintime.co.in/initial_offer/public-issues.html

FAQs

The key objectives of Unilex Colours and Chemicals IPO are:

  • To Meet Working Capital Requirements;
  • Repayment of a portion of certain borrowing availed by the company;
  • General Corporate Purpose.

Hem Securities Limited is the book-running lead managers for the Unilex Colours and Chemicals IPO.

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