Fixed Price IPO | ₹32 Cr | Listed at NSE SME | Mon, Jan 9, 2023 - Wed, Jan 11, 2023
Ducol Organics IPO is a fixed price issue of ₹31.51 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹31.51 crore.
Ducol Organics IPO bidding started from Jan 9, 2023 and ended on Jan 11, 2023. The allotment for Ducol Organics IPO was finalized on Jan 16, 2023. The shares got listed on NSE SME on Jan 19, 2023.
Ducol Organics IPO price is ₹78 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,24,800 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,49,600.
First Overseas Capital 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 Bhh Securities Pvt.Ltd..
Refer to Ducol Organics IPO RHP for detailed Information.
IPO Open
Mon, Jan 9, 2023
IPO Close
Wed, Jan 11, 2023
Issue Price
₹78 per share
Market Cap (Pre-IPO)
₹113.41 Cr
| IPO Date | 9 to 11 Jan, 2023 |
| Listed on | Thu, Jan 19, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 40,40,000 shares (agg. up to ₹32 Cr) |
| Reserved for Market Maker | 4,01,600 shares Bhh Securities Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 36,38,400 shares (agg. up to ₹28 Cr) |
| Net Offered to Public | 36,38,400 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 1,05,00,000 shares |
| Share Holding Post Issue | 1,45,40,000 shares |
| NSE Symbol | DUCOL |
| ISIN | INE0LZO01015 |
Ducol Organics IPO comprises a total issue size of 40,40,000 shares. The net offer to the public is 36,38,400 shares, after excluding 4,01,600 shares allotted on a firm basis. Of the Net offer 18,19,200 (50.00%) allocated to NII 18,19,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,19,200 | 50.00% | 45.03% |
| Retail Shares Offered | 18,19,200 | 50.00% | 45.03% |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,01,600 | 9.94% | |
| Total Shares Offered | 40,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,24,800 |
| Retail (Max) | 1 | 1,600 | ₹1,24,800 |
| HNI (Min) | 2 | 3,200 | ₹2,49,600 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 60.55 | 63.48 | 57.10 | 61.40 |
| Total Income | 48.75 | 88.94 | 78.86 | 73.72 |
| Profit After Tax | 4.17 | 4.91 | 2.81 | 0.07 |
| NET Worth | 24.85 | 20.90 | 16.11 | 14.06 |
| Reserves and Surplus | 14.90 | 18.53 | 13.90 | 11.06 |
| Total Borrowing | 13.50 | 19.92 | 16.57 | 22.97 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of our Company | 23.78 |
| 2 | General Corporate Purposes | 6.94 |
| KPI | |
|---|---|
| RoNW | 23.5 |
| PAT Margin | 5.52% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.68 | |
| P/E (x) | 13.59 | |
| Promoter Holding | 79.46% | 57.38% |
| Market Cap | ₹113.41 Cr. |
The Ducol Organics And Colours IPO is subscribed 44.63 times on January 11, 2023 7:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 58.15 | 18,19,200 | 10,57,87,200 |
| Retail | 31.11 | 18,19,200 | 5,65,90,400 |
| Total | 44.63 | 36,38,400 | 16,23,77,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses | 0.60 |
| 2 | Advertising and marketing expenses | 0.08 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.06 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹111.95 |
| Low | ₹106.35 |
| High | ₹117.50 |
| Last Trade | ₹117.50 |
Lead Manager Reports
Ducol Organics IPO is a SME IPO of 40,40,000 equity shares of the face value of ₹10 aggregating up to ₹32 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Jan 9, 2023, and closes on Wed, Jan 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 IPO using UPI as a payment gateway. Zerodha customers can apply in Ducol Organics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ducol Organics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ducol Organics IPO opens on Mon, Jan 9, 2023 and closes on Wed, Jan 11, 2023.
Ducol Organics IPO lot size is 1600, and the minimum amount required for application is ₹1,24,800.
You can apply in Ducol Organics 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 Ducol Organics IPO will be done on Monday, January 16, 2023, and the allotted shares will be credited to your demat account by Wed, Jan 18, 2023. Check the Ducol Organics IPO allotment status.
The Ducol Organics IPO listing date is on Thu, Jan 19, 2023.
