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Unilex Colours IPO is a book build issue of ₹31.32 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹31.32 crore.
Unilex Colours IPO bidding started from Sep 25, 2024 and ended on Sep 27, 2024. The allotment for Unilex Colours IPO was finalized on Sep 30, 2024. The shares got listed on NSE SME on Oct 3, 2024.
Unilex Colours IPO price band is set at ₹87.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,31,200 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,78,400.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Unilex Colours IPO RHP for detailed Information.
| IPO Date | September 25, 2024 to September 27, 2024 |
| Listing Date | October 3, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹82 to ₹87 per share |
| Issue Price Final | ₹87 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,00,000 shares (aggregating up to ₹31.32 Cr) |
| Reserved for Market Maker | 1,92,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.67 Cr) |
| Net Offered to Public | 34,08,000 shares (aggregating up to ₹29.65 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,00,17,000 shares |
| Share Holding Post Issue | 1,36,17,000 shares |
Unilex Colours and Chemicals IPO offers total 36,00,000 shares. Out of which 17,02,400 (47.29%) allocated to QIB, 6,81,600 (18.93%) allocated to QIB, 5,12,000 (14.22%) allocated to NII, 11,93,600 (33.16%) allocated to RII and 10,20,800 (28.36%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,92,000 (5.33%) |
| QIB Shares Offered | 17,02,400 (47.29%) |
| − Anchor Investor Shares Offered | 10,20,800 (28.36%) |
| − QIB (Ex. Anchor) Shares Offered | 6,81,600 (18.93%) |
| NII (HNI) Shares Offered | 5,12,000 (14.22%) |
| Retail Shares Offered | 11,93,600 (33.16%) |
| Total Shares Offered | 36,00,000 (100.00%) |
Unilex Colours IPO raises ₹8.88 crore from anchor investors. Unilex Colours IPO Anchor bid date is September 24, 2024. Unilex Colours IPO Anchor Investors list
| Bid Date | September 24, 2024 |
| Shares Offered | 10,20,800 |
| Anchor Portion Size (In Cr.) | 8.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 29, 2024 |
Unilex Colours IPO opens on September 25, 2024, and closes on September 27, 2024.
| IPO Open Date | Wed, Sep 25, 2024 |
| IPO Close Date | Fri, Sep 27, 2024 |
| Tentative Allotment | Mon, Sep 30, 2024 |
| Initiation of Refunds | Tue, Oct 1, 2024 |
| Credit of Shares to Demat | Tue, Oct 1, 2024 |
| Tentative Listing Date | Thu, Oct 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 27, 2024 |
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 | ₹1,39,200 |
| Retail (Max) | 1 | 1,600 | ₹1,39,200 |
| HNI (Min) | 2 | 3,200 | ₹2,78,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in March 2001, Unilex Colours and Chemicals Limited manufactures pigments, trades chemicals, and manufactures food colours.
The company markets its products under the registered brand name “Unilex,” catering to both domestic and international markets. They provide a wide range of pigment solutions for various industries.
The company's manufacturing unit in Palghar, Maharashtra spans 1275 sq. meters and is equipped with various machines including Ball Mill, Root Blower, Silo, Reaction Steel Vessel, Brick Lined Vessel, Rubber Lined Vessel, Drying Vessel, Spin Flash Dryer, Ribbon Blender, Air Classifier Mill, Air Blender, and Filter Press.
The company's manufacturing facility is certified with ISO 9001:2015 for quality management in the production of pigments, food dyes, and drug intermediates.
The company's manufacturing revenue for fiscal 2024, 2023, and 2022 was ?6,652.17 lakhs, ?7,455.21 lakhs, and ?8,487.51 lakhs, contributing 46.24%, 53.48%, and 58.42% of the total revenue, respectively.
The company's product portfolio includes a wide range of pigments, including Pigment Green -7, Pigment Middle Chrome, Pigment Violet 23 & 27, and Ultramarine Blue, which are sourced from various third-party manufacturers to meet the specific requirements of its clients.
The company's products are exported to various countries including Vietnam, Brazil, Mexico, Nigeria, Russia, Turkey, the Netherlands, Poland, China, Spain, Malaysia, Thailand, the United Arab Emirates, and Uzbekistan.
The company offers multi-layer paper bags, corrugated boxes, HDPE and HDPE-coated bags, multi-layer liners and HM covers, wooden pallets, and jumbo bags.
As of March 31, 2024, the company's product portfolio comprises more than 100 products.
As of March 31, 2024, the company has 25 contract laborers and 54 employees on the payroll at the manufacturing unit.
Unilex Colours and Chemicals Limited's revenue increased by 3% and profit after tax (PAT) rose by 24% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 9,068.35 | 7,072.31 | 7,669.84 |
| Total Income | 14,932.88 | 14,441.84 | 15,156.73 |
| Profit After Tax | 616.67 | 497.07 | 471.17 |
| Net Worth | 3,686 | 3,202.89 | 2,805.98 |
| Reserves and Surplus | 2,684.3 | 2,868.99 | 2,472.08 |
| Total Borrowing | 2,161.4 | 1,166.83 | 1,135.09 |
| Amount in ₹ Lakhs | |||
The market capitalization of Unilex Colours IPO is ₹118.47 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 17.93% |
| ROCE | 6.32% |
| Debt/Equity | 0.59 |
| RoNW | 16.73% |
| PAT Margin | 4.29% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.16 | 4.53 |
| P/E (x) | 14.13 | 19.21 |
The company intend to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] The company is engaged in the business of manufacturing pigments, and trading in chemicals and food colours. It is operating in a highly competitive and fragmented segment. The company posted inconsistency in its top lines for the reported periods, but reported boosted profits for FY24. Based on FY24 earnings, the issue appears fully priced. Well-informed investors may park moderate funds for medium term. Read detail review...
| Listing Date | October 3, 2024 |
| BSE Script Code | |
| NSE Symbol | UNILEX |
| ISIN | INE0B2801011 |
| Final Issue Price | ₹87 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹87.00 |
| Open | ₹89.00 |
| Low | ₹84.55 |
| High | ₹89.00 |
| Last Trade | ₹88.15 |
Unilex Colours & Chemicals Ltd.
106-107, Advent Atria,
Chincholi Bunder Road,
Malad (W)
Mumbai, Maharashtra, 400064
Phone: +91-22-28886235
Email: cs@unilexcolours.in
Website: https://unilexcolours.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: unilex.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Unilex Colours IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹31.32 Crores. The issue is priced at ₹87 per share. The minimum order quantity is 1600.
The IPO opens on September 25, 2024, and closes on September 27, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Unilex Colours IPO using UPI as a payment gateway. Zerodha customers can apply in Unilex Colours IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Unilex Colours IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Unilex Colours IPO opens on September 25, 2024 and closes on September 27, 2024.
Unilex Colours IPO lot size is 1600, and the minimum amount required for application is ₹1,39,200.
You can apply in Unilex 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 Unilex Colours IPO will be done on Monday, September 30, 2024, and the allotted shares will be credited to your demat account by Tuesday, October 1, 2024. Check the Unilex Colours IPO allotment status.
The Unilex Colours IPO listing date is on Thursday, October 3, 2024.
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