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

July 23, 2018 - July 25, 2018

Ushanti Colour Chem IPO is a fixed price issue of Rs 11.56 crores.

Ushanti Colour Chem IPO bidding started from July 23, 2018 and ended on July 25, 2018. The allotment for Ushanti Colour Chem IPO was finalized on Monday, July 30, 2018. The shares got listed on NSE SME on August 2, 2018.

Ushanti Colour Chem IPO price is ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Ushanti Colour Chem IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Ushanti Colour Chem IPO RHP for detailed information.

Ushanti Colour Chem IPO Details

IPO Date July 23, 2018 to July 25, 2018
Listing Date August 2, 2018
Face Value ₹10 per share
Price ₹60 per share
Lot Size 2000 Shares
Total Issue Size1,926,000 shares
(aggregating up to ₹11.56 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion98,000 shares

Ushanti Colour Chem IPO Reservation

Ushanti Colour Chem IPO offers 1,926,000 shares. 914,000 (47.46%) to NII, 914,000 (47.46%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered98,000 (5.09%)
Other Shares Offered914,000 (47.46%)
Retail Shares Offered914,000 (47.46%)
Total Shares Offered1,926,000 (100%)

Ushanti Colour Chem IPO Timeline (Tentative Schedule)

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

IPO Open Date Monday, July 23, 2018
IPO Close Date Wednesday, July 25, 2018
Basis of Allotment Monday, July 30, 2018
Initiation of Refunds Tuesday, July 31, 2018
Credit of Shares to Demat Wednesday, August 1, 2018
Listing Date Thursday, August 2, 2018
Cut-off time for UPI mandate confirmation 5 PM on July 25, 2018

Ushanti Colour Chem IPO Lot Size

Investors can bid for a minimum of 2000 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 2000 ₹120,000
Retail (Max) 1 2000 ₹120,000
Lot Size Calculator

About Ushanti Colour Chem Limited

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 (Ushanti Colour Chem IPO Objectives)

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 Review (Apply)

[Dilip Davda]  

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 July 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)
Other5.71
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 Details

Listing Date August 2, 2018
BSE Script Code
NSE Symbol UCL
ISIN INE00NI01015
Final Issue Price ₹60 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹60.00
₹64.20
₹64.20
₹67.40
₹67.40

Check IPO Performance…

Ushanti Colour Chem Limited Contact Details

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: https://ipo.bigshareonline.com/ipo_status.html

Ushanti Colour Chem IPO - Buy or Not

Ushanti Colour Chem IPO Recommendation Summary

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

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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 July 23, 2018, and closes on July 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 July 23, 2018 and closes on July 25, 2018.

Ushanti Colour Chem IPO lot size is 2000 Shares, and the minimum amount required is ₹120,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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177 Comments

106. VIE |   Link |  Bookmark |August 7, 2018 12:33:49 AM (500+ Posts, 500+ Likes)
Aaj b UC.
106.1. Small Investor |   Link |  Bookmark |August 13, 2018 5:03:02 PM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
aaj Lower Circuit
105. IPOANALYSIS |   Link |  Bookmark |August 2, 2018 1:14:52 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 |  Bookmark |August 14, 2018 10:58:27 AM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
can i buy 1 lot @ 68-69 today after one days this stocj out of T+T Segment
105.12. smallTimeInvestor |   Link |  Bookmark |August 29, 2018 12:10:49 AM
Bought one lot at 75. Stuck now. Hope it recovers
104. RAJAKUMAR |   Link |  Bookmark |August 2, 2018 9:45:52 AM (1400+ Posts, 1200+ Likes)
Dear IPOANALYSIS
I sold at 64.20. I got one allotment and sold it.
104.5. Addy A |   Link |  Bookmark |August 4, 2018 9:39:53 AM
Dear Rajkumar,
Any other suggestions for upcoming ipos in which reservation will be available for shareholders category?
Thank you.
104.6. RAJAKUMAR |   Link |  Bookmark |August 4, 2018 11:05:32 AM (1400+ Posts, 1200+ Likes)
Dear Addy
In near future No company available for shareholder quota.
103. Carn Mohan |   Link |  Bookmark |August 1, 2018 7:44:07 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Listing +- Rs 2
103.1. Shah bhupesh chunilal |   Link |  Bookmark |August 1, 2018 10:33:34 AM (200+ Posts)
+4
103.2. medge |   Link |  Bookmark |August 3, 2018 9:11:21 PM
IPO Guru IPO Guru (1300+ 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 |  Bookmark |August 3, 2018 9:36:57 AM (500+ Posts, 500+ Likes)
Upper circuit today. Next machika.
101. ashishk |   Link |  Bookmark |August 3, 2018 9:26:44 AM
UC at 70.75
100. VIE |   Link |  Bookmark |August 2, 2018 1:49:36 PM (500+ Posts, 500+ Likes)
May be Next machika
99. Hanu chaudhary |   Link |  Bookmark |August 2, 2018 1:19:57 PM
UC 67.4
98. Hanu chaudhary |   Link |  Bookmark |August 2, 2018 1:17:19 PM
UC 67.4
97. VIE |   Link |  Bookmark |August 2, 2018 11:03:00 AM (500+ Posts, 500+ Likes)
Good price movement inspite weak market. Good long term bet. Happy investing ???? ????
96. INVESTIGATOR |   Link |  Bookmark |August 2, 2018 10:47:15 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 |  Bookmark |August 2, 2018 9:51:14 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 |  Bookmark |August 2, 2018 9:43:01 AM (500+ Posts, 500+ Likes)
IEP IN PRE OPEN SESSION IS
63.40
HAPPY INVESTING ???? ????
93. Arunblr |   Link |  Bookmark |August 2, 2018 7:18:46 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Expected listing price please
93.1. Shah bhupesh chunilal |   Link |  Bookmark |August 2, 2018 8:35:27 AM (200+ Posts)
+4
92. papon |   Link |  Bookmark |August 1, 2018 7:41:52 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Lien still not open in union bank. Really frustrating
92.2. Vijay M Agrawal |   Link |  Bookmark |August 1, 2018 9:15:57 PM (300+ Posts)
LIEN REMOVED IN BOB TODAY AFTER I COMPLAINT IN BOB ONLINE
92.3. papon |   Link |  Bookmark |August 1, 2018 10:59:18 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
I just registered a complain online as well as send a mail to the branch. Let see tomorrow
91. VIE |   Link |  Bookmark |August 1, 2018 7:46:55 PM (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 |  Bookmark |July 31, 2018 4:22:38 PM (300+ Posts)
LIEN MARK IN BOB NOT REMOVED TILL NOW
90.3. Vijay M Agrawal |   Link |  Bookmark |August 1, 2018 2:18:34 PM (300+ Posts)
LIEN IN BOB REMOVED
90.4. Vijay M Agrawal |   Link |  Bookmark |August 1, 2018 2:19:38 PM (300+ Posts)
LIEN IN BOB IS REMOVED
89. SOG |   Link |  Bookmark |July 31, 2018 5:10:00 PM
Allotted 1/1. When is the listing ? 2nd or 3rd August ?
89.1. VIE |   Link |  Bookmark |July 31, 2018 7:05:03 PM (500+ Posts, 500+ Likes)
lucky guy
89.2. SOG |   Link |  Bookmark |August 1, 2018 10:35:38 AM
Blessings of parents and elders.....
88. VIE |   Link |  Bookmark |July 31, 2018 10:03:20 PM (500+ Posts, 500+ Likes)
@ SOG
credit in demat ac tomorrow.
listing will be on 02.08.2018
88.1. SOG |   Link |  Bookmark |August 1, 2018 10:33:38 AM
Thanks sir.....
87. VIE |   Link |  Bookmark |July 31, 2018 7:07:27 PM (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.