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

Ushanti Colour Chem IPO Details

IPO DateJul 23, 2018 - Jul 25, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,926,000 Eq Shares of ₹10
(aggregating up to ₹11.56 Cr)
Face Value₹10 Per Equity Share
IPO Price₹60 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME

Ushanti Colour Chem IPO Tentative Date / Timetable

Bid/Offer Opens OnJul 23, 2018
Bid/Offer Closes OnJul 25, 2018
Finalisation of Basis of AllotmentJul 30, 2018
Initiation of RefundsJul 31, 2018
Credit of Shares to Demat AcctAug 1, 2018
IPO Shares Listing DateAug 2, 2018

Ushanti Colour Chem IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹120,000
Maximum12000₹120,000

Ushanti Colour Chem IPO Subscription Status (Bidding Detail)

Ushanti Colour Chem IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

914,000

914,000

1,828,000

Jul 25, 2018 17:00

5.71x

6.73x

6.24x

Ushanti Colour Chem IPO Prospectus

Ushanti Colour Chem IPO Rating

11
2.7
Rating:Rated 2.7 stars

Vote Here ...

Ushanti Colour Chem IPO Listing Date

Listing DateThursday, August 2, 2018
BSE Script Code
NSE SymbolUCL
Listing In
ISININE00NI01015
IPO Price₹60 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

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

Ushanti Colour Chem IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Ushanti Colour Chem IPO FAQs

  1. 1. What is Ushanti Colour Chem IPO?

    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 price of the IPO is ₹60 Per Equity Share. The minimum order quantity is 2000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Ushanti Colour Chem IPO will open?

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

  3. 3. How to apply for Ushanti Colour Chem IPO?

    Ushanti Colour Chem IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Ushanti Colour Chem IPO allotment?

    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.

  5. 5. When is Ushanti Colour Chem IPO listing date?

    The Ushanti Colour Chem IPO listing date is on Thursday, August 2, 2018, at NSE SME.
  6. 6. What is the lot size of Ushanti Colour Chem IPO?

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

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Ushanti Colour Chem IPO Review / Comments

VIE
106. VIE  Aug 7, 2018 00:33
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Aaj b UC.
Small Investor
106.1. Small Investor  Aug 13, 2018 17:03
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
aaj Lower Circuit
IPOANALYSIS
105. IPOANALYSIS  Aug 2, 2018 13:14
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.

Small Investor
105.11. Small Investor  Aug 14, 2018 10:58
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
can i buy 1 lot @ 68-69 today after one days this stocj out of T+T Segment
smallTimeInvestor
105.12. smallTimeInvestor  Aug 29, 2018 00:10
Bought one lot at 75. Stuck now. Hope it recovers
RAJAKUMAR
104. RAJAKUMAR  Aug 2, 2018 09:45
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Dear IPOANALYSIS
I sold at 64.20. I got one allotment and sold it.
Addy A
104.5. Addy A  Aug 4, 2018 09:39
Dear Rajkumar,
Any other suggestions for upcoming ipos in which reservation will be available for shareholders category?
Thank you.
RAJAKUMAR
104.6. RAJAKUMAR  Aug 4, 2018 11:05
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Dear Addy
In near future No company available for shareholder quota.
Carn Mohan
103. Carn Mohan  Aug 1, 2018 07:44
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Listing +- ₹2
Shah bhupesh chunilal
103.1. Shah bhupesh chunilal  Aug 1, 2018 10:33
+4
medge
103.2. medge  Aug 3, 2018 21:11
IPO Mentor IPO Mentor (700+ Posts, 1200+ 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?
VIE
102. VIE  Aug 3, 2018 09:36
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Upper circuit today. Next machika.
ashishk
101. ashishk  Aug 3, 2018 09:26
UC at 70.75
VIE
100. VIE  Aug 2, 2018 13:49
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
May be Next machika
Hanu chaudhary
99. Hanu chaudhary  Aug 2, 2018 13:19
UC 67.4
Hanu chaudhary
98. Hanu chaudhary  Aug 2, 2018 13:17
UC 67.4
VIE
97. VIE  Aug 2, 2018 11:03
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Good price movement inspite weak market. Good long term bet. Happy investing 😀 😀
INVESTIGATOR
96. INVESTIGATOR  Aug 2, 2018 10:47
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Sold allotted One Lot @ 66.50
...This is 1st experience to sell my allotted SME stock
IPOANALYSIS
95. IPOANALYSIS  Aug 2, 2018 09:51
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.
VIE
94. VIE  Aug 2, 2018 09:43
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
IEP IN PRE OPEN SESSION IS
63.40
HAPPY INVESTING 😃 😃
Arunblr
93. Arunblr  Aug 2, 2018 07:18
Expected listing price please
Shah bhupesh chunilal
93.1. Shah bhupesh chunilal  Aug 2, 2018 08:35
+4
papon
92. papon  Aug 1, 2018 19:41
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Lien still not open in union bank. Really frustrating
Vijay M Agrawal
92.2. Vijay M Agrawal  Aug 1, 2018 21:15
LIEN REMOVED IN BOB TODAY AFTER I COMPLAINT IN BOB ONLINE
papon
92.3. papon  Aug 1, 2018 22:59
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
I just registered a complain online as well as send a mail to the branch. Let see tomorrow
VIE
91. VIE  Aug 1, 2018 19:46
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.
Vijay M Agrawal
90. Vijay M Agrawal  Jul 31, 2018 16:22
LIEN MARK IN BOB NOT REMOVED TILL NOW
Vijay M Agrawal
90.3. Vijay M Agrawal  Aug 1, 2018 14:18
LIEN IN BOB REMOVED
Vijay M Agrawal
90.4. Vijay M Agrawal  Aug 1, 2018 14:19
LIEN IN BOB IS REMOVED
SOG
89. SOG  Jul 31, 2018 17:10
Allotted 1/1. When is the listing ? 2nd or 3rd August ?
VIE
89.1. VIE  Jul 31, 2018 19:05
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
lucky guy
SOG
89.2. SOG  Aug 1, 2018 10:35
Blessings of parents and elders.....
VIE
88. VIE  Jul 31, 2018 22:03
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ SOG
credit in demat ac tomorrow.
listing will be on 02.08.2018
SOG
88.1. SOG  Aug 1, 2018 10:33
Thanks sir.....
VIE
87. VIE  Jul 31, 2018 19:07
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.






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