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Bhatia Colour Chem IPO is a fixed price issue of ₹40.00 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹40.00 crore.
Bhatia Colour Chem IPO bidding started from Mar 14, 2022 and ended on Mar 16, 2022. The shares got listed on BSE SME on Mar 24, 2022.
Bhatia Colour Chem IPO price is ₹80.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,56,000.
Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,00,000 shares (aggregating up to ₹40.00 Cr) |
| Reserved for Market Maker | 2,64,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹2.11 Cr) |
| Net Offered to Public | 47,36,000 shares (aggregating up to ₹37.89 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 72,33,750 shares |
| Share Holding Post Issue | 1,22,33,750 shares |
Bhatia Colour Chem IPO offers total 50,00,000 shares. Out of which 23,68,000 (47.36%) allocated to NII, 23,68,000 (47.36%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,64,000 (5.28%) |
| NII (HNI) Shares Offered | 23,68,000 (47.36%) |
| Retail Shares Offered | 23,68,000 (47.36%) |
| Total Shares Offered | 50,00,000 (100.00%) |
Bhatia Colour Chem IPO opens on March 14, 2022, and closes on March 16, 2022.
| IPO Open Date | Mon, Mar 14, 2022 |
| IPO Close Date | Wed, Mar 16, 2022 |
| Tentative Listing Date | Thu, Mar 24, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 16, 2022 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,28,000 |
| Retail (Max) | 1 | 1,600 | ₹1,28,000 |
| HNI (Min) | 2 | 3,200 | ₹2,56,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | March 24, 2022 |
| BSE Script Code | 543497 |
| NSE Symbol | |
| ISIN | INE0KQ001017 |
| Final Issue Price | ₹80 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹40.00 |
| Low | ₹40.00 |
| High | ₹42.00 |
| Last Trade | ₹42.00 |
Bhatia Colour Chem Ltd.
Plot No. A/2/12,
Road No. 1 Udhna Udhyog Nagar,
Sangh, Udhna,
Surat, Gujarat, 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
Bhatia Colour Chem IPO is a SME IPO of 50,00,000 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.
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, and the minimum amount required for application is ₹1,28,000.
You can apply in Bhatia Colour Chem IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Bhatia Colour Chem IPO listing date is on Thursday, March 24, 2022.
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