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Unilex Colours and Chemicals Limited IPO (Unilex Colours and Chemicals IPO) Detail

September 25, 2024 - September 27, 2024

Unilex Colours and Chemicals IPO is a book built issue of Rs 31.32 crores. The issue is entirely a fresh issue of 36 lakh shares.

Unilex Colours and Chemicals IPO bidding started from September 25, 2024 and ended on September 27, 2024. The allotment for Unilex Colours and Chemicals IPO was finalized on Monday, September 30, 2024. The shares got listed on NSE SME on October 3, 2024.

Unilex Colours and Chemicals IPO price band is set at ₹82 to ₹87 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹139,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹278,400.

Hem Securities Limited is the book running lead manager of the Unilex Colours and Chemicals IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Unilex Colours and Chemicals IPO is Hem Finlease.

Refer to Unilex Colours and Chemicals IPO RHP for detailed information.

Unilex Colours and Chemicals IPO Details

IPO Date September 25, 2024 to September 27, 2024
Listing Date October 3, 2024
Face Value ₹10 per share
Price Band ₹82 to ₹87 per share
Lot Size 1600 Shares
Total Issue Size3,600,000 shares
(aggregating up to ₹31.32 Cr)
Fresh Issue3,600,000 shares
(aggregating up to ₹31.32 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue10,017,000
Share holding post issue13,617,000
Market Maker portion192,000 shares
Hem Finlease

Unilex Colours and Chemicals IPO Reservation

Unilex Colours and Chemicals IPO offers 36,00,000 shares. 6,81,600 (18.93%) to QIB, 5,12,000 (14.22%) to NII, 11,93,600 (33.16%) to RII and 10,20,800 (28.36%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered10,20,800 (28.36%)
Market Maker Shares Offered1,92,000 (5.33%)
QIB Shares Offered6,81,600 (18.93%)
NII (HNI) Shares Offered5,12,000 (14.22%)
Retail Shares Offered11,93,600 (33.16%)
Total Shares Offered36,00,000 (100%)

Unilex Colours and Chemicals IPO Anchor Investors Details

Unilex Colours and Chemicals IPO raises Rs 8.88 crore from anchor investors. Unilex Colours and Chemicals IPO Anchor bid date is September 24, 2024. Unilex Colours and Chemicals IPO Anchor Investors list

Bid Date September 24, 2024
Shares Offered 1,020,800
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 and Chemicals IPO Timeline (Tentative Schedule)

Unilex Colours and Chemicals IPO opens on September 25, 2024, and closes on September 27, 2024.

IPO Open Date Wednesday, September 25, 2024
IPO Close Date Friday, September 27, 2024
Basis of Allotment Monday, September 30, 2024
Initiation of Refunds Tuesday, October 1, 2024
Credit of Shares to Demat Tuesday, October 1, 2024
Listing Date Thursday, October 3, 2024
Cut-off time for UPI mandate confirmation 5 PM on September 27, 2024

Unilex Colours and Chemicals 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 ₹139,200
Retail (Max) 1 1600 ₹139,200
HNI (Min) 2 3,200 ₹278,400
Lot Size Calculator

Unilex Colours and Chemicals IPO Promoter Holding

The company's promoters are Purushottam Brijlal Sharma, Narendra Parameswarappa Kotehall, Aditya Sharma, Manojkumar Shyamsunder Sharma, Rohit Krishnakumar Sharma and Kabir Radheyshyam Sharma

Share Holding Pre Issue 100.00%
Share Holding Post Issue 73.56%

About Unilex Colours and Chemicals Limited

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.

Company Financials

Unilex Colours and Chemicals Limited Financial Information (Restated Consolidated)

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets9,068.357,072.317,669.84
Revenue14,932.8814,441.8415,156.73
Profit After Tax616.67497.07471.17
Net Worth3,6863,202.892,805.98
Reserves and Surplus2,684.32,868.992,472.08
Total Borrowing2,161.41,166.831,135.09
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Unilex Colours and Chemicals IPO is Rs 118.47 Cr.

KPI as of March 31, 2024.

KPI Values
ROE17.93%
ROCE6.32%
Debt/Equity0.59
RoNW16.73%
PAT Margin (%)4.29
Pre IPO Post IPO
EPS (Rs) 6.164.53
P/E (x) 14.1319.21
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Unilex Colours and Chemicals IPO Objectives)

The company intend to utilize the proceeds of the Issue to meet the following objects:

  1. To Meet Working Capital Requirements;
  2. Repayment of a portion of certain borrowing availed by the company;
  3. General Corporate Purpose.

Unilex Colours and Chemicals IPO Review (May apply)

[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...


Unilex Colours and Chemicals IPO Subscription Status (Bidding Detail)

The Unilex Colours and Chemicals IPO is subscribed 35.03 times on September 27, 2024 6:19:59 PM. 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)

CategorySubscription (times)
QIB15.58
NII60.74
Retail35.11
Total35.03

Total Application : 26,191 (35.11 times)

Unilex Colours and Chemicals IPO Rating

4
2.8
Rating:Rated 2.8 stars
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Unilex Colours and Chemicals IPO Listing Details

Listing Date October 3, 2024
BSE Script Code
NSE Symbol UNILEX
ISIN INE0B2801011
Final Issue Price ₹87 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹87.00
₹89.00
₹84.55
₹89.00
₹88.15

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Unilex Colours and Chemicals Limited Contact Details

Unilex Colours and Chemicals Limited
106-107, Advent Atria,
Chincholi Bunder Road
Malad (W) Mumbai-400064
Phone: +91-22-28886235
Email: cs@unilexcolours.in
Website: https://unilexcolours.in/

Unilex Colours and Chemicals IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: unilex.smeipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Unilex Colours and Chemicals IPO - Buy or Not

Unilex Colours and Chemicals IPO Recommendation Summary

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

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Unilex Colours and Chemicals IPO FAQs

Unilex Colours and Chemicals IPO is a SME IPO of 3,600,000 equity shares of the face value of ₹10 aggregating up to ₹31.32 Crores. The issue is priced at ₹82 to ₹87 per share. The minimum order quantity is 1600 Shares.

The IPO opens on September 25, 2024, and closes on September 27, 2024.

Link Intime India Private 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 and Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Unilex Colours and Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Unilex Colours and Chemicals 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 'Unilex Colours and Chemicals 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 Unilex Colours and Chemicals IPO opens on September 25, 2024 and closes on September 27, 2024.

Unilex Colours and Chemicals IPO lot size is 1600 Shares, and the minimum amount required is ₹139,200.

You can apply in Unilex Colours and Chemicals 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 Unilex Colours and Chemicals 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 and Chemicals IPO allotment status.

The Unilex Colours and Chemicals IPO listing date is on October 3, 2024.
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