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Bhatia Colour Chem Limited IPO (Bhatia Colour Chem IPO) Detail

March 14, 2022 - March 16, 2022

Bhatia Colour Chem IPO is a fixed price issue of Rs 40.00 crores. The issue is entirely a fresh issue of 50 lakh shares.

Bhatia Colour Chem IPO bidding started from March 14, 2022 and ended on March 16, 2022. The shares got listed on BSE SME on March 24, 2022.

Bhatia Colour Chem IPO price is ₹80 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹128,000.

Interactive Financial Services Ltd is the book running lead manager of the Bhatia Colour Chem IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Bhatia Colour Chem IPO RHP for detailed information.

Bhatia Colour Chem IPO Details

IPO Date March 14, 2022 to March 16, 2022
Listing Date March 24, 2022
Face Value ₹10 per share
Price ₹80 per share
Lot Size 1600 Shares
Total Issue Size5,000,000 shares
(aggregating up to ₹40.00 Cr)
Fresh Issue5,000,000 shares
(aggregating up to ₹40.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion264,000 shares

Bhatia Colour Chem IPO Reservation

Bhatia Colour Chem IPO offers 5,000,000 shares. 2,368,000 (47.36%) to NII, 2,368,000 (47.36%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered264,000 (5.28%)
Other Shares Offered2,368,000 (47.36%)
Retail Shares Offered2,368,000 (47.36%)
Total Shares Offered5,000,000 (100%)

Bhatia Colour Chem IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹128,000
Retail (Max) 1 1600 ₹128,000
Lot Size Calculator

Bhatia Colour Chem IPO Promoter Holding

Mr. Bharat Bhatia, Mr. Ramesh Bhatia, and Mr. Ravi Bhatia are the company promoters.

Share Holding Pre Issue 74.65%
Share Holding Post Issue 44.14%

About Bhatia Colour Chem Limited

Incorporated in 2021, Bhatia Colour Chem Limited specializes in trading & manufacturing Chemicals, Dyes, and Auxiliaries products. The company produces Value Added Printing Products, Textile Auxiliaries & Chemicals, Foil Binders, Glitter Powder, Printing Inks, and Zari Binders with a variety of ranges and specialization as per the demand of the client. The products are mainly useful for the printing on Textile materials like Polyester & Cotton which includes, ambos on T-shirts, Zari Prints, and shading.

Competitive Strength:

  1. Experienced Promoters with sound market knowledge.
  2. Specialized in developing and marketing value-added printing products.
  3. Cordial relations with Customers.
  4. Formulation of chemicals and quality maintenance.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakhs)
  18-Feb-22
Total Assets 3,727.56
Total Revenue 531.96
Profit After Tax 35.30

Key Performance Indicator

The market capitalization of Bhatia Colour Chem IPO is Rs 97.87 Cr.

Pre IPO Post IPO
P/E (x) 166

Objects of the Issue (Bhatia Colour Chem IPO Objectives)

The Company proposes to utilize the Net Proceeds from the issue towards the following objects:

  1. Acquire partnership firm M/s Polychem Exports
  2. Working Capital
  3. General Corporate Purposes

Bhatia Colour Chem IPO Review (Avoid)

[Dilip Davda]  Based on its financial data, the issue is exorbitantly priced. Even the total equity dilution is above 40% raising concern. This segment is highly competitive and fragmented. The sustainability of margins shown for the period ended February 18, 2022, raises concern. Considering all these factors, there is no harm in ignoring this pricy issue. Read detail review...


Bhatia Colour Chem IPO Subscription Status (Bidding Detail)

The Bhatia Colour Chem IPO is subscribed 1.43 times on March 16, 2022 6:33:00 PM. The public issue subscribed 0.18 times in the retail category, times in the QIB category, and 2.69 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other2.69
Retail0.18
Total1.43

Bhatia Colour Chem IPO Prospectus

Bhatia Colour Chem IPO Rating

84
3.1
Rating:Rated 3.1 stars
Vote Here ...

Bhatia Colour Chem IPO Listing Details

Listing Date March 24, 2022
BSE Script Code 543497
NSE Symbol
ISIN INE0KQ001017
Final Issue Price ₹80 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹80.00
₹40.00
₹40.00
₹42.00
₹42.00

Check IPO Performance…

Bhatia Colour Chem Limited Contact Details

Bhatia Colour Chem Limited
Plot No. A/2/12,
Road No. 1 Udhna Udhyog Nagar,
Sangh, Udhna, Surat – 394210,
Phone: 9104294564
Email: account@bccindia.com
Website: https://www.bccl.info/

Bhatia Colour Chem IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Bhatia Colour Chem IPO - Buy or Not

Bhatia Colour Chem IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Bhatia Colour Chem IPO FAQs

Bhatia Colour Chem IPO is a SME IPO of 5,000,000 equity shares of the face value of ₹10 aggregating up to ₹40.00 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600 Shares.

The IPO opens on March 14, 2022, and closes on March 16, 2022.

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 Bhatia Colour Chem IPO using UPI as a payment gateway. Zerodha customers can apply in Bhatia Colour Chem IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Bhatia Colour Chem IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Bhatia Colour Chem IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Bhatia Colour Chem IPO opens on March 14, 2022 and closes on March 16, 2022.

Bhatia Colour Chem IPO lot size is 1600 Shares, and the minimum amount required is ₹128,000.

You can apply in Bhatia Colour Chem IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Bhatia Colour Chem IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bhatia Colour Chem IPO allotment status.

The Bhatia Colour Chem IPO listing date is on March 24, 2022.
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Bhatia Colour Chem IPO Message Board

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25 Comments

17. abp invesc |   Link |  Bookmark |March 24, 2022 5:23:04 PM
look at turnover and profit of the company it was a good avoid. promoter ki lottery lag gayi hai share will be in lower range
16. Anari Investor |   Link |  Bookmark |March 24, 2022 3:41:04 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Bhatia sahib kya hua? Aap to double storey se seedha kood kar pahli manjil par aa gaye.. Please doosri chhlang mat lgana. Nahi to aap ka uthna mushkil ho jaayega.

Ab mai kah sakoo ga ke maine ek hi jhatke me SME aadha hote dekha hai. Dhire dhire aadhe hote to bahut dekhe hai.
15. lokes |   Link |  Bookmark |March 24, 2022 9:52:12 AM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
it listed at 40 rs 50% discount, don't remember any such listing in sme ipo.
one of the worst.
15.1. GJ 😀 |   Link |  Bookmark |March 24, 2022 12:39:26 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
I too never saw such a listing ever.
Not in main board, not in SME.
14. Denim |   Link |  Bookmark |March 24, 2022 9:46:21 AM
Good buy at 40?
13. gjy |   Link |  Bookmark |March 15, 2022 4:21:15 PM
Seems only market maker is applying. Fake numbers. Retailers are not at all interested.
13.5. gjy |   Link |  Bookmark |March 16, 2022 4:32:26 PM
@ MRavi , Tomorrow is your day to blast. All the best.
Thanks
13.6. MRavichandran |   Link |  Bookmark |March 16, 2022 5:34:24 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@giy,
13.4 - Agreed about 3 BSE SME's avoid call.
13.5 - hahaha. I expect, NII's will pump so much on final day/final hour . 2 lots, I will take it happily (I would apply app 300 Lots). Good luck to you for allotment.

Thanks


12. bAAz |   Link |  Bookmark |March 16, 2022 12:53:40 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Scam
11. Blick |   Link |  Bookmark |March 16, 2022 8:16:00 AM
This is already fully subscribed! V shady
10. Ram kumar I |   Link |  Bookmark |March 15, 2022 6:06:38 PM
Do not trust the subscription numbers.
9. bAAz |   Link |  Bookmark |March 15, 2022 3:20:56 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
HNI 2x so far
8. IPO Mitr |   Link |  Bookmark |March 15, 2022 2:09:03 PM
Do not trust the financials of this company. Not much information available on the past performance of this company to understand this company better. Planning to skip this IPO and focus on better ones among flood of SME IPOs.

Suggest everyone to take your own call without getting influenced by anyone whoever that may be. Not a bad idea to always keep in mind that EVERYONE'S focus is on safeguarding ONLY their OWN interest NOT anyone ELSE'S.
7. Ravu |   Link |  Bookmark |March 14, 2022 4:19:34 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Don't think this will sail through. 50% subscription on Day 1 from HNI looks suspicious.
6. sahab |   Link |  Bookmark |March 14, 2022 12:01:51 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
100 % avoid . very very costly
5. Billion dollar |   Link |  Bookmark |March 11, 2022 8:58:28 PM
Any idea about m/s polychem exports?
5.1. Billion dollar |   Link |  Bookmark |March 11, 2022 10:16:43 PM
Company cash converted loan to 12,33,750 shares at rs 80 on 18th Feb,22
4. Blick |   Link |  Bookmark |March 11, 2022 11:35:21 AM
Hahahahahahaha this IPO is JOKE and a SCAM
3. rams |   Link |  Bookmark |March 11, 2022 10:58:03 AM
Very steep prize if you compare with finanials.
2. Aaj Khush to bohot hoge |   Link |  Bookmark |March 11, 2022 10:35:02 AM
Avoid.
Don't expect this to even be fully subscribed given the exorbitant rational-defying pricing
1. gjy |   Link |  Bookmark |March 11, 2022 10:10:43 AM
Avoiding this