Bookbuilding IPO | ₹31 Cr | Listed at NSE SME | Wed, Sep 25, 2024 - Fri, Sep 27, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,39,200 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 25, 2024
IPO Close
Fri, Sep 27, 2024
Issue Price
₹87 per share
Market Cap (Pre-IPO)
₹118.47 Cr
| IPO Date | 25 to 27 Sep, 2024 |
| Listed on | Thu, Oct 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹82 to ₹87 |
| Issue Price | ₹87 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 36,00,000 shares (agg. up to ₹31 Cr) |
| Reserved for Market Maker | 1,92,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 34,08,000 shares (agg. up to ₹30 Cr) |
| Net Offered to Public | 34,08,000 shares (agg. up to ₹30 Cr) |
| Share Holding Pre Issue | 1,00,17,000 shares |
| Share Holding Post Issue | 1,36,17,000 shares |
| NSE Symbol | UNILEX |
| ISIN | INE0B2801011 |
Unilex Colours IPO comprises a total issue size of 36,00,000 shares. The net offer to the public is 34,08,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 17,02,400 (49.95%) are allocated to QIB, 5,12,000 (15.02%) allocated to NII 11,93,600 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,02,400 | 49.95% | 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 | 15.02% | 14.22% |
| Retail Shares Offered | 11,93,600 | 35.02% | 33.16% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.33% | |
| Total Shares Offered | 36,00,000 | 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 | ₹1,39,200 |
| Retail (Max) | 1 | 1,600 | ₹1,39,200 |
| HNI (Min) | 2 | 3,200 | ₹2,78,400 |
Unilex Colours IPO raises ₹8.88 crore from anchor investors. Unilex Colours IPO Anchor bid date is September 24, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 24, 2024 |
| Shares Offered | 10,20,800 |
| Anchor Portion (₹ Cr.) | 8.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Dec 29, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 90.68 | 70.72 | 76.70 |
| Total Income | 149.33 | 144.42 | 151.57 |
| Profit After Tax | 6.17 | 4.97 | 4.71 |
| NET Worth | 36.86 | 32.03 | 28.06 |
| Reserves and Surplus | 26.84 | 28.69 | 24.72 |
| Total Borrowing | 21.61 | 11.67 | 11.35 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 15.00 |
| 2 | Repayment of a portion of certain borrowing availed by our Company | 10.00 |
| 3 | General Corporate Purpose | 3.06 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 17.93% |
| ROCE | 6.32% |
| Debt/Equity | 0.59 |
| RoNW | 16.73% |
| PAT Margin | 4.29% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.16 | 4.53 |
| P/E (x) | 14.13 | 19.21 |
| Promoter Holding | 100% | 73.56% |
| Market Cap | ₹118.47 Cr. |
The Unilex Colours and Chemicals IPO is subscribed 35.03 times on September 27, 2024 6:19:59 PM (Day 3). The public issue subscribed 35.11 times in the retail category, 15.58 times in the QIB category, and 60.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 15.58 | 6,81,600 | 1,06,20,800 |
| NII* | 60.74 | 5,12,000 | 3,10,97,600 |
| Retail | 35.11 | 11,93,600 | 4,19,05,600 |
| Total | 35.03 | 23,87,200 | 8,36,24,000 |
Total Application : 26,191
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting fees | 0.41 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.17 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.07 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.03 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Uploading fees and Miscellaneous Expenses) | 2.57 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹87.00 |
| Open | ₹89.00 |
| Low | ₹84.55 |
| High | ₹89.00 |
| Last Trade | ₹88.15 |
Lead Manager Reports
Unilex Colours IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹31 Crores. The issue is priced at ₹87 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Sep 25, 2024, and closes on Fri, Sep 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 Wed, Sep 25, 2024 and closes on Fri, Sep 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 Tue, Oct 1, 2024. Check the Unilex Colours IPO allotment status.
The Unilex Colours IPO listing date is on Thu, Oct 3, 2024.
