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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 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

Ushanti Colour Chem IPO Details

IPO Date Jul 23, 2018 to Jul 25, 2018
Listing Date Thursday, August 2, 2018
Face Value ₹10 per share
Price ₹60 per share
Lot Size 2000 Shares
Issue Size1,926,000 shares of ₹10
(aggregating up to ₹11.56 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
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.

Ushanti Colour Chem IPO Tentative Timetable

Ushanti Colour Chem IPO opens on Jul 23, 2018, and closes on Jul 25, 2018. The Ushanti Colour Chem IPO bid date is from Jul 23, 2018 10.00 A.M. to Jul 25, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jul 23, 2018
Closing Date Jul 25, 2018
Basis of Allotment Jul 30, 2018
Initiation of Refunds Jul 31, 2018
Credit of Shares to Demat Aug 1, 2018
Listing Date Aug 2, 2018

Ushanti Colour Chem IPO Lot Size

The Ushanti Colour Chem IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹120,000
Retail (Max) 1 2000 ₹120,000

Ushanti Colour Chem IPO Review

Considering reasonable pricing and expansion plans and reduction in debts, investment for medium to long term may be considered.

Read detail review...


Ushanti Colour Chem IPO Subscription Status (Bidding Detail)

The Ushanti Colour Chem IPO is subscribed 6.24 times on Jul 25, 2018 5:00:01 PM. The public issue subscribed 6.73 times in the retail category, times in the QIB category, and 5.71 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII5.71
Retail6.73
Total6.24

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
IPO Price ₹60 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹60.00
₹64.20
₹64.20
₹67.40
₹67.40

Company Contact Information

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

Ushanti Colour Chem IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Ushanti Colour Chem IPO Review

Ushanti Colour Chem IPO Recommendation Summary

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Ushanti Colour Chem IPO FAQs

Ushanti Colour Chem IPO is a SME IPO of 1,926,000 equity shares of the face value of ₹10 aggregating up to ₹11.56 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Jul 23, 2018, and closes on Jul 25, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Ushanti Colour Chem IPO opens on Jul 23, 2018 and closes on Jul 25, 2018.

Ushanti Colour Chem IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Ushanti 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Ushanti Colour Chem IPO will be done on Jul 30, 2018, and the allotted shares will be credited to your demat account by Aug 1, 2018. Check the Ushanti Colour Chem IPO allotment status.

The Ushanti Colour Chem IPO listing date is on Thursday, August 2, 2018.
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Ushanti Colour Chem IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

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177 Comments

106. VIE |   Link |Aug 7, 2018 1:33:49 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Aaj b UC.
106.1. Small Investor |   Link |Aug 13, 2018 6:03:02 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
aaj Lower Circuit
105. IPOANALYSIS |   Link |Aug 2, 2018 2:14:52 PM
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.

105.11. Small Investor |   Link |Aug 14, 2018 11:58:27 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
can i buy 1 lot @ 68-69 today after one days this stocj out of T+T Segment
105.12. smallTimeInvestor |   Link |Aug 29, 2018 1:10:49 AM
Bought one lot at 75. Stuck now. Hope it recovers
104. RAJAKUMAR |   Link |Aug 2, 2018 10:45:52 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear IPOANALYSIS
I sold at 64.20. I got one allotment and sold it.
104.5. Addy A |   Link |Aug 4, 2018 10:39:53 AM
Dear Rajkumar,
Any other suggestions for upcoming ipos in which reservation will be available for shareholders category?
Thank you.
104.6. RAJAKUMAR |   Link |Aug 4, 2018 12:05:32 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Addy
In near future No company available for shareholder quota.
103. Carn Mohan |   Link |Aug 1, 2018 8:44:07 AM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
Listing +- Rs 2
103.1. Shah bhupesh chunilal |   Link |Aug 1, 2018 11:33:34 AM
+4
103.2. medge |   Link |Aug 3, 2018 10:11:21 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
@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?
102. VIE |   Link |Aug 3, 2018 10:36:57 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Upper circuit today. Next machika.
101. ashishk |   Link |Aug 3, 2018 10:26:44 AM
UC at 70.75
100. VIE |   Link |Aug 2, 2018 2:49:36 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
May be Next machika
99. Hanu chaudhary |   Link |Aug 2, 2018 2:19:57 PM
UC 67.4
98. Hanu chaudhary |   Link |Aug 2, 2018 2:17:19 PM
UC 67.4
97. VIE |   Link |Aug 2, 2018 12:03:00 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Good price movement inspite weak market. Good long term bet. Happy investing ???? ????
96. INVESTIGATOR |   Link |Aug 2, 2018 11:47:15 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Sold allotted One Lot @ 66.50
...This is 1st experience to sell my allotted SME stock
95. IPOANALYSIS |   Link |Aug 2, 2018 10:51:14 AM
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.
94. VIE |   Link |Aug 2, 2018 10:43:01 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
IEP IN PRE OPEN SESSION IS
63.40
HAPPY INVESTING ???? ????
93. Arunblr |   Link |Aug 2, 2018 8:18:46 AM
Top Contributor Top Contributor (200+ Posts)
Expected listing price please
93.1. Shah bhupesh chunilal |   Link |Aug 2, 2018 9:35:27 AM
+4
92. papon |   Link |Aug 1, 2018 8:41:52 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Lien still not open in union bank. Really frustrating
92.2. Vijay M Agrawal |   Link |Aug 1, 2018 10:15:57 PM
Top Contributor Top Contributor (200+ Posts)
LIEN REMOVED IN BOB TODAY AFTER I COMPLAINT IN BOB ONLINE
92.3. papon |   Link |Aug 1, 2018 11:59:18 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
I just registered a complain online as well as send a mail to the branch. Let see tomorrow
91. VIE |   Link |Aug 1, 2018 8:46:55 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ 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.
90. Vijay M Agrawal |   Link |Jul 31, 2018 5:22:38 PM
Top Contributor Top Contributor (200+ Posts)
LIEN MARK IN BOB NOT REMOVED TILL NOW
90.3. Vijay M Agrawal |   Link |Aug 1, 2018 3:18:34 PM
Top Contributor Top Contributor (200+ Posts)
LIEN IN BOB REMOVED
90.4. Vijay M Agrawal |   Link |Aug 1, 2018 3:19:38 PM
Top Contributor Top Contributor (200+ Posts)
LIEN IN BOB IS REMOVED
89. SOG |   Link |Jul 31, 2018 6:10:00 PM
Allotted 1/1. When is the listing ? 2nd or 3rd August ?
89.1. VIE |   Link |Jul 31, 2018 8:05:03 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
lucky guy
89.2. SOG |   Link |Aug 1, 2018 11:35:38 AM
Blessings of parents and elders.....
88. VIE |   Link |Jul 31, 2018 11:03:20 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ SOG
credit in demat ac tomorrow.
listing will be on 02.08.2018
88.1. SOG |   Link |Aug 1, 2018 11:33:38 AM
Thanks sir.....
87. VIE |   Link |Jul 31, 2018 8:07:27 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ Vijay M Agrawal
though i haven't got allotment but lien in my ac was removed in afternoon itself.
i had ac with sbi.