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Ushanti Colour Chem Limited IPO (Ushanti Colour Chem IPO) Detail

Jul 23, 2018 - Jul 25, 2018

Incorporated in 1993, Gujarat based Ushanti Colour Chem Limited is a company engaged in the business of manufacturing and trading of Dyestuffs.

The Company manufactures Reactive and Direct Dyestuffs also known as Synthetic Organic Dyes. It also manufactures Copper Phthalocyanine, Blue Crude which is used for manufacturing of Dyestuffs. The pigment and dyestuffs cater to the raw material requirement of various industries including wool, ink, wood, leather, nylon, paper, textile, garment, cotton, plastic and paint etc.

The company has 3 manufacturing facilities, spread over 2,739 sq. meters, located at Vatva GIDC in Gujarat. It also has its own Ice generation machinery. It recovers Ammonium Carbonate which is reused in the plant as well as sold to the Soda Ash Industry reducing wastage providing the company with incremental revenue.

The Monthly Production capacity of the company increased from 5 MT in 1990 to 300 MT now. With the new capacity addition, production will be 1350MT.

With land of 3000sq. mt, at Vatwa & 75000sq. mt land at Saykha, the company's enterprise value is around Rs 45-50 crore.

Ushanti generates around 41% of its revenue from the Domestic market while the rest 59% is generated from its export operations.

Ushanti offers its products through traders. The manufactured dyes are sold as per the orders received by parties either directly from manufacturers or traders.

New Project Features

Expansion Phase I & II : Turquoise Blue Dyestu, Pigments & Intermediates

1. Highly Profitable.
2. For Backward Integration Project, no pressure to sell & not much working capital required.
3. China has almost stopped production of Intermediates and Dyestuffs
4. With production of Intermediates with Dyestus/Pigments, Ushanti will be extremely competitive in "Turquoises"

Phase III : (other products)

1. Phase I & II projects' production will stabilize by 2020-21. Phase III of the project, for other products, will be started thereafter.
2. Funding for Phase III will be through an FPO of Rs 100 crores approx. after migration to the main board.

Other Features

1. Vertical expansion: All plants will have Dyestu /Pigment units with their intermediates to ensure cost competitiveness.
2. Scale: Huge economies of scale with plant size 5-10 times the size of its Vatwa Plants

Strengths of the company-

1. Over 50 years of experience, manufacturing since 1979
2. Consistent profits with PAT of Rs. 2.38 Cr in 2017-18
3. Operates in a niche market for Turquoise Blue. There are very few plants worldwide producing Turquoise Blue. Even fewer plants with their own intermediates. The company's expansion plan is focussed on Turquoise Blue Dyestu/Pigments with Backward Integration Plants.
4. Good cost reduction plans on Energy and Pollution treatment. Only CNG is allowed in Vatwa while all fuels allowed in Saykha would result in a 50% reduction in energy costs. The company plans to leverage its huge land available resources and enable conversion of waste to reusable products thus reducing costs on pollution treatment.
5. Part of Sunrise Industry. The shifting of production of dyestuff/pigment from China to India has had a huge bearing on turnover and profits for the industry.

Company Promoters:

The Company is promoted by Maunal Gandhi and Minku Gandhi. The promoters hold, in aggregate 27,02,854 Equity Shares representing 50.28% of the pre-issue paid up Capital of the Company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 2,702.27 2,273.94 2,238.70 2,022.31 1,889.78 1315.76
Total Revenue 2742.60 2,962.10 2,511.31 2,970.96 3,541.98 2,414.66
Profit After Tax 245.00 137.78 37.97 28.36 222.00 51.01

Objects of the Issue:

The objects of the Issue are:

1. Setting up of Dyestuff, Pigment, Intermediate Manufacturing facility at Saykha
2. Prepayment of installments on land taken at Saykha, GIDC & repayment of Secured Bridge Loan taken from Banks for acquiring land for the new project
3. General Corporate Purpose

Issue Detail:

  »»  Issue Open: Jul 23, 2018 - Jul 25, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,926,000 Equity Shares of Rs 10 aggregating up to Rs 11.56 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 60 Per Equity Share
  »»  Market Lot: 2000 Shares
  »»  Minimum Order Quantity: 2000 Shares
  »»  Listing At: NSE SME

Ushanti Colour Chem IPO Reviews / Recommendations:

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Ushanti Colour Chem IPO Prospectus

Ushanti Colour Chem IPO Rating

11
2.7
Rating:Rated 2.7 stars

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Ushanti Colour Chem IPO Listing Date

  •   ›  Listing Date: Thursday, August 2, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: UCL
  •   ›  Listing In:
  •   ›  ISIN: INE00NI01015
  •   ›  Issue Price: Rs 60 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 60.00
Open:Rs 64.20
Low:Rs 64.20
High:Rs 67.40
Last Trade:Rs 67.40
Volume:534,000

Ushanti Colour Chem IPO News Alerts

  1. Thursday, August 2, 2018 12:00:00 AM
    Ushanti Colour Chem IPO Listing Date & Info
  2. Wednesday, July 25, 2018 12:00:00 AM
    Ushanti Colour Chem IPO Closes On 25 July
  3. Monday, July 23, 2018 12:00:00 AM
    Ushanti Colour Chem IPO Opens On July 23

Company Contact Information

Ushanti Colour Chem Limited
88/6, 88/7, 88/8,
Phase - 1, GIDC,
Vatwa, Ahmedabad - 382445
Phone: 079-25833315
Fax:
Email: admin@ushanti.com
Website: http://ushanti.com/

Ushanti Colour Chem IPO Registrar

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   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
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Ushanti Colour Chem IPO Review / Comments

avatar
106. IPOANALYSIS  Aug 2, 2018 13:14 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
abhi toh yeh shuruat hai. aage aage dekho

it will cross 100 rs. i think double the price will happen soon.

disclosure: alloted 1 lot and purchased today 1 lot from open market.

avatar
106.10. IPOANALYSIS  Aug 12, 2018 18:06 I Like It. | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
Ushanti keep it for atleast 6 months. It should cross 100
avatar
106.11. Small Investor  Aug 14, 2018 10:58 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
can i buy 1 lot @ 68-69 today after one days this stocj out of T+T Segment
avatar
105. VIE  Aug 7, 2018 00:33 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Aaj b UC.
avatar
105.1. Small Investor  Aug 13, 2018 17:03 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
aaj Lower Circuit
avatar
104. RAJAKUMAR  Aug 2, 2018 09:45 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Dear IPOANALYSIS
I sold at 64.20. I got one allotment and sold it.
avatar
104.5. Addy A  Aug 4, 2018 09:39 I Like It. | Report Abuse
Dear Rajkumar,
Any other suggestions for upcoming ipos in which reservation will be available for shareholders category?
Thank you.
avatar
104.6. RAJAKUMAR  Aug 4, 2018 11:05 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Dear Addy
In near future No company available for shareholder quota.
avatar
103. Hiteshji  Jul 24, 2018 20:23 I Like It. | Report Abuse Reply
Risky ipo. Beware.
avatar
103.1. jaat boy  Aug 5, 2018 00:26 I Like It. | Report Abuse
Kaha kaha.... 20000+ de Raha h abi... Monday dekho.... R isky kyo bola??? Or apke baate kitni Sachi hoti h???
avatar
102. Carn Mohan  Aug 1, 2018 07:44 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Listing +- ₹2
avatar
102.1. Shah bhupesh chunilal  Aug 1, 2018 10:33 I Like It. | Report Abuse
+4
avatar
102.2. medge  Aug 3, 2018 21:11 I Like It. | Report Abuse
@Carn Mohan Sir,

About Apollo Micro, I remembered long back time you had given target 123 and recently it almost touched to 126, now stock is bouncing back, current market price around 166, is this time to enter into this stock for long term?
avatar
101. VIE  Aug 3, 2018 09:36 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Upper circuit today. Next machika.
avatar
100. ashishk  Aug 3, 2018 09:26 I Like It. | Report Abuse Reply
UC at 70.75
avatar
99. Aniketiaf  Jul 25, 2018 14:58 I Like It. 5 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 3700+ Likes)
Just applied through my third a/c also.
avatar
99.1. Aniketiaf  Aug 2, 2018 15:28 I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 3700+ Likes)
Sold one lot @ U/C.
Kept another lot for a target of 80+
avatar
98. VIE  Aug 2, 2018 13:49 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
May be Next machika
avatar
97. Hanu chaudhary  Aug 2, 2018 13:19 I Like It. | Report Abuse Reply
UC 67.4
avatar
96. Hanu chaudhary  Aug 2, 2018 13:17 I Like It. 2 | Report Abuse Reply
UC 67.4
avatar
95. VIE  Aug 2, 2018 11:03 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Good price movement inspite weak market. Good long term bet. Happy investing 😀 😀
avatar
94. INVESTIGATOR  Aug 2, 2018 10:47 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Sold allotted One Lot @ 66.50
...This is 1st experience to sell my allotted SME stock
avatar
93. IPOANALYSIS  Aug 2, 2018 09:51 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
I will.keep it. They have huge land bank and commercial activity to increase in coming years. I am quite satisfied with future growth prospects. It should double in 1 year.
avatar
92. VIE  Aug 2, 2018 09:43 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
IEP IN PRE OPEN SESSION IS
63.40
HAPPY INVESTING 😃 😃
avatar
91. Arunblr  Aug 2, 2018 07:18 I Like It. | Report Abuse Reply
Expected listing price please
avatar
91.1. Shah bhupesh chunilal  Aug 2, 2018 08:35 I Like It. | Report Abuse
+4
avatar
90. papon  Aug 1, 2018 19:41 I Like It. | Report Abuse Reply
Lien still not open in union bank. Really frustrating
avatar
90.2. Vijay M Agrawal  Aug 1, 2018 21:15 I Like It. | Report Abuse
LIEN REMOVED IN BOB TODAY AFTER I COMPLAINT IN BOB ONLINE
avatar
90.3. papon  Aug 1, 2018 22:59 I Like It. | Report Abuse
I just registered a complain online as well as send a mail to the branch. Let see tomorrow
avatar
89. VIE  Aug 1, 2018 19:46 I Like It. 4 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
BEST OF LUCK FOR ALL ALLOTEE FOR LISTING ON 02.07.2018 ON NSE EMERGE PLATFORM.
IT IS IN T GROUP FOR TEN DAYS THEN MOVE TO SM GRUOP.
HAPPY INVESTING.
avatar
88. Vijay M Agrawal  Jul 31, 2018 16:22 I Like It. | Report Abuse Reply
LIEN MARK IN BOB NOT REMOVED TILL NOW
avatar
88.3. Vijay M Agrawal  Aug 1, 2018 14:18 I Like It. | Report Abuse
LIEN IN BOB REMOVED
avatar
88.4. Vijay M Agrawal  Aug 1, 2018 14:19 I Like It. | Report Abuse
LIEN IN BOB IS REMOVED
avatar
87. SOG  Jul 31, 2018 17:10 I Like It. | Report Abuse Reply
Allotted 1/1. When is the listing ? 2nd or 3rd August ?
avatar
87.1. VIE  Jul 31, 2018 19:05 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
lucky guy
avatar
87.2. SOG  Aug 1, 2018 10:35 I Like It. | Report Abuse
Blessings of parents and elders.....
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