Bookbuilding IPO | ₹22 Cr | Listed at BSE SME | Wed, Jul 30, 2025 - Fri, Aug 1, 2025
Mehul Colours IPO is a book build issue of ₹21.66 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹21.66 crore.
Mehul Colours IPO bidding started from Jul 30, 2025 and ended on Aug 1, 2025. The allotment for Mehul Colours IPO was finalized on Aug 4, 2025. The shares got listed on BSE SME on Aug 6, 2025.
Mehul Colours IPO price band is set at ₹72 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,30,400 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,45,600.
Seren Capital Pvt.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 Asnani Stock Broker Pvt.Ltd..
Refer to Mehul Colours IPO RHP for detailed Information.
IPO Open
Wed, Jul 30, 2025
IPO Close
Fri, Aug 1, 2025
Issue Price
₹72 per share
Market Cap (Pre-IPO)
₹75.95 Cr
| IPO Date | 30 Jul to 1 Aug, 2025 |
| Listed on | Wed, Aug 6, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹68 to ₹72 |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 30,08,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 1,52,000 shares Asnani Stock Broker Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 28,56,000 shares (agg. up to ₹21 Cr) |
| Net Offered to Public | 28,56,000 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 75,41,040 shares |
| Share Holding Post Issue | 1,05,49,040 shares |
| BSE Script Code | 544472 |
| ISIN | INE1KH601014 |
Mehul Colours IPO comprises a total issue size of 30,08,000 shares. The net offer to the public is 28,56,000 shares, after excluding 1,52,000 shares allotted on a firm basis. Of the Net offer 14,25,600 (49.92%) are allocated to QIB, 4,28,800 (15.01%) allocated to NII 10,01,600 (35.07%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,25,600 | 49.92% | 47.39% |
| − Anchor Investor Shares Offered | 8,54,400 | 28.40% | |
| − QIB (Ex. Anchor) Shares Offered | 5,71,200 | 18.99% | |
| NII (HNI) Shares Offered | 4,28,800 | 15.01% | 14.26% |
| − bNII > ₹10L | 2,86,400 | 9.52% | |
| − sNII < ₹10L | 1,42,400 | 4.73% | |
| Retail Shares Offered | 10,01,600 | 35.07% | 33.30% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,52,000 | 5.05% | |
| Total Shares Offered | 30,08,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,30,400 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,30,400 |
| S-HNI (Min) | 3 | 4,800 | ₹3,45,600 |
| S-HNI (Max) | 8 | 12,800 | ₹9,21,600 |
| B-HNI (Min) | 9 | 14,400 | ₹10,36,800 |
Mehul Colours IPO raises ₹6.15 crore from anchor investors. Mehul Colours IPO Anchor bid date is July 29, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 29, 2025 |
| Shares Offered | 8,54,400 |
| Anchor Portion (₹ Cr.) | 6.15 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Sep 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Nov 1, 2025 |
Incorporated in 1995, Mehul Colours & Masterbatches Pvt. Ltd., is engaged in the manufacturing and exporting of masterbatches in India.
The company offers a diverse range of products, including white, black, color, and additive masterbatches, catering to various applications in plastics, rubbers, and elastomers.
The company's operates two facilities in Tungareshwar Industrial Estate, Vasai East, Mumbai, with capacities of 10,56,000 kg and 2,28,000 kg, each covering 3,200 sq. ft. of built-up area.
Products Offering:
As of June 30, 2025, the company had a total of 32 permanent employees in the Company.
Competitive Strengths:
Mehul Colours Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 71% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 18.95 | 13.87 | 10.82 |
| Total Income | 23.71 | 22.66 | 21.37 |
| Profit After Tax | 5.50 | 3.22 | 2.94 |
| EBITDA | 6.88 | 4.18 | 3.97 |
| NET Worth | 17.06 | 11.56 | 8.36 |
| Reserves and Surplus | 9.52 | 11.27 | 8.07 |
| Total Borrowing | 0.36 | ||
| 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 of capital expenditure towards setup of a new manufacturing facility | 14.63 |
| 2 | Funding of Working Capital Requirements | 4.00 |
| 3 | General Corporate Purpose | 0.21 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 38.46% |
| ROCE | 43.53% |
| RoNW | 32.26% |
| PAT Margin | 24.11% |
| EBITDA Margin | 30.17% |
| Price to Book Value | 4.70 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.30 | 5.22 |
| P/E (x) | 9.87 | 13.8 |
| Promoter Holding | 96.86% | 69.24% |
| Market Cap | ₹75.95 Cr. |
The Mehul Colours IPO is subscribed 7.98 times on August 1, 2025 5:04:35 PM (Day 3). The public issue subscribed 3.56 times in the individual investors category, 13.54 times in the QIB category, and 10.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 13.54 | 5,71,200 | 77,34,400 | 0 |
| NII* | 10.91 | 4,28,800 | 46,80,000 | 0 |
| bNII (bids above ₹10L) | 14.27 | 2,86,400 | 40,86,400 | 1,508 |
| sNII (bids below ₹10L) | 5.24 | 1,42,400 | 7,45,600 | 1,508 |
| Individual Investors | 3.56 | 10,01,600 | 35,68,000 | 0 |
| Total | 7.98 | 20,01,600 | 1,59,82,400 | 1,508 |
Total Application : 1,508
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees (including underwriting commission) | 2.40 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.17 |
| 4 | Fees Payable to Regulators including Stock Exchanges, CDSL, and NSDL | 0.12 |
| 5 | Fees Payable to Statutory Auditor, Legal Advisors and other Professionals | 0.02 |
| 6 | Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs and Miscellaneous Expenses) | 2.81 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹85.00 |
| Low | ₹85.00 |
| High | ₹89.25 |
| Last Trade | ₹86.03 |
Lead Manager Reports
Mehul Colours IPO is a SME IPO of 30,08,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Jul 30, 2025, and closes on Fri, Aug 1, 2025.
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 Mehul Colours IPO using UPI as a payment gateway. Zerodha customers can apply in Mehul Colours IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mehul Colours IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mehul Colours IPO opens on Wed, Jul 30, 2025 and closes on Fri, Aug 1, 2025.
Mehul Colours IPO lot size is 1600, and the minimum amount required for application is ₹2,30,400, with 2 lots being the minimum application size.
You can apply in Mehul Colours 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 Mehul Colours IPO will be done on Monday, August 4, 2025, and the allotted shares will be credited to your demat account by Tue, Aug 5, 2025. Check the Mehul Colours IPO allotment status.
The Mehul Colours IPO listing date is on Wed, Aug 6, 2025.
