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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 ₹78.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,24,800 (1600 shares). The minimum lot size investment for 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 Date | January 9, 2023 to January 11, 2023 |
| Listing Date | January 19, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,40,000 shares (aggregating up to ₹31.51 Cr) |
| Reserved for Market Maker | 4,01,600 shares Bhh Securities Pvt.Ltd. (aggregating up to ₹3.13 Cr) |
| Net Offered to Public | 36,38,400 shares (aggregating up to ₹28.38 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,05,00,000 shares |
| Share Holding Post Issue | 1,45,40,000 shares |
Ducol Organics And Colours IPO offers total 40,40,000 shares. Out of which 18,19,200 (45.03%) allocated to NII, 18,19,200 (45.03%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 4,01,600 (9.94%) |
| NII (HNI) Shares Offered | 18,19,200 (45.03%) |
| Retail Shares Offered | 18,19,200 (45.03%) |
| Total Shares Offered | 40,40,000 (100.00%) |
Ducol Organics IPO opens on January 9, 2023, and closes on January 11, 2023.
| IPO Open Date | Mon, Jan 9, 2023 |
| IPO Close Date | Wed, Jan 11, 2023 |
| Tentative Allotment | Mon, Jan 16, 2023 |
| Initiation of Refunds | Tue, Jan 17, 2023 |
| Credit of Shares to Demat | Wed, Jan 18, 2023 |
| Tentative Listing Date | Thu, Jan 19, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 11, 2023 |
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 | ₹1,24,800 |
| Retail (Max) | 1 | 1,600 | ₹1,24,800 |
| HNI (Min) | 2 | 3,200 | ₹2,49,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 IPO is ₹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...
| Listing Date | January 19, 2023 |
| BSE Script Code | |
| NSE Symbol | DUCOL |
| ISIN | INE0LZO01015 |
| Final Issue Price | ₹78 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹111.95 |
| Low | ₹106.35 |
| High | ₹117.50 |
| Last Trade | ₹117.50 |
Ducol Organics & Colours Ltd.
Office No 302, Express Building,
14-E Road,
Churchgate,
Mumbai, Maharashtra, 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
Ducol Organics IPO is a SME IPO of 40,40,000 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.
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 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 January 9, 2023 and closes on January 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 Wednesday, January 18, 2023. Check the Ducol Organics IPO allotment status.
The Ducol Organics IPO listing date is on Thursday, January 19, 2023.
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