IPO Details
Bidding Dates
25 Sep '24 - 27 Sep '24
Minimum Investment
₹1,39,200/ 1 Lot (1600 Shares)
Price Range
₹82 - ₹87
Maximum Investment
₹1,39,200/ 1 Lot (1600 Shares)
Retail Discount
To be announced
Issue Size
₹31.32 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) | Eligible employees |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Sep 25, 2024
Closing Date
Sep 27, 2024
Basis of Allotment
Sep 30, 2024
Initiation of Refunds
Oct 1, 2024
Listing Date
Oct 3, 2024
About Unilex Colours and Chemicals IPO
Unilex Colours and Chemicals Limited is set to launch its IPO, offering a fresh issue of 36 lakh shares, amounting to Rs 31.32 crore. The company, known for manufacturing pigments and food colours, markets its products under the brand name "Unilex," serving both domestic and international markets.
The IPO will open for subscription on September 25, 2024, and close on September 27, 2024. Allotment details are expected to be finalised on September 30, 2024, with the listing on the NSE SME scheduled for October 3, 2024.
The price band for the Unilex Colours and Chemicals IPO is set between ₹82 and ₹87 per share. Retail investors need to apply for a minimum lot size of 1,600 shares, requiring an investment of ₹1,39,200. High Net-worth Individuals (HNIs) must apply for at least two lots, amounting to ₹2,78,400.
Hem Securities Limited serves as the book running lead manager, while Link Intime India Private Ltd acts as the registrar. Hem Finlease is designated as the market maker for the IPO.
Industry Outlook:
- The Indian chemical sector is projected to grow from US$220 billion in 2022 to US$300 billion by 2025, with a goal of reaching US$1 trillion by 2040. This expansion will enhance opportunities for companies like Unilex Colours and Chemicals Limited.
- Increased demand from industries such as food processing and personal care will drive growth in specialty chemicals. This demand is expected to result in nearly tripling of chemical and petrochemical requirements by 2040.
Unilex Colours and Chemicals IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Allocate funds to support daily operational expenses and enhance liquidity.
- A portion of the proceeds will be used to reduce existing borrowings, improving financial stability.
- The remaining portion of the proceeds will be allocated towards general corporate purposes.
About Unilex Colours and Chemicals Limited
Unilex Colours and Chemicals Limited specialises in manufacturing pigments and trading chemicals and food colors. The company produces high-quality pigments used in various industries, including plastics, textiles, paints, and printing inks. Notably, it excels in producing Pigment Blue, with an impressive annual capacity of 1,878 metric tons.
The manufacturing facility, located in MIDC-Tarapur, Maharashtra, spans 1,275 square meters and is equipped with advanced machinery for optimal production processes. Unilex ensures strict quality control, holding an ISO 9001:2015 certification and being recognised as a Three Star Export House by the Ministry of Commerce, Government of India.
With a diverse product portfolio of over 100 items, Unilex serves both domestic and international markets, exporting to countries like Vietnam, Brazil, and the UAE. The company's revenue has steadily grown, reflecting strong demand for its offerings in the chemicals and food color sectors.
Led by experienced promoters with over 30 years in the industry, Unilex remains committed to innovation and customer satisfaction, continuously adapting to market needs while ensuring high-quality standards.
Peer Details
The companies considered by Unilex Colours and Chemicals Limited as its peers include:
- Kesar Petroproducts Limited
- Sudarshan Chemical Industries Limited
How to Check the Allotment Status of the Unilex Colours and Chemicals Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How to apply for Unilex Colours and Chemicals IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Unilex Colours and Chemicals IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Unilex Colours and Chemicals IPO
- Registered office: 106-107, Advent Atria, Chincholi Bunder Road, Malad (W) Mumbai-400064, Maharashtra
- Phone: +91-22-28886235
- E-mail: cs@unilexcolours.in
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 14,385.01 | 13,939.03 | 14,527.46 |
| Profit After Tax (PAT) (in ₹ lakh) | 616.67 | 497.07 | 471.17 |
| Current Ratio (x) | 1.48 | 1.55 | 1.35 |
| Net Worth (in ₹ lakh) | 3,686.00 | 3,202.89 | 2,805.98 |
| EBITDA (in ₹ lakh) | 430.57 | 274.01 | 100.34 |
| Return on Equity (%) | 17.90 | 16.54 | 17.98 |
| Return on Capital Employed (RoCE) (%) | 6.32 | 4.95 | 1.2 |
| Earnings Per Share (in ₹) | 6.16 | 4.96 | 4.70 |
Know before investing
Strengths
6-
Long-term relationships with diverse customers strengthen market presence and resilience.
-
In-house manufacturing ensures quality control and timely product delivery.
-
Extensive product range meets varied needs across multiple industries.
-
Experienced management team drives consistent growth and strategic decision-making.
-
Research and development foster innovation and enhance competitive advantage.
-
Expanding geographic reach opens new markets and business opportunities.
Risks
6-
Loss of major customers may significantly impact revenue and stability.
-
Reliance on third-party suppliers exposes the business to supply disruptions.
-
Manufacturing process risks can disrupt operations and financial performance.
-
Fluctuating foreign currency rates may adversely affect export revenue.
-
Regulatory compliance issues could harm reputation and financial position.
-
Insufficient working capital may hinder operations and growth potential.
Login to Angel One App / Website & click on IPO
Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
Login to Angel One App / Website
Choose IPO section on Home Page
Click IPO Orders
Chose the IPO application you want to view the status for
Unilex Colours and Chemicals IPO FAQs
Unilex Colours and Chemicals IPO is a book built IPO. The IPO will be open from September 25, 2024, to September 27, 2024.
The Basis of Allotment will happen on Monday, September 30, 2024.
The IPO subscription window will open on September 25, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1600 shares.
The listing date for Unilex Colours and Chemicals is Thursday, October 3, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Unilex Colours and Chemicals’s financial statements, download the IPO’s RHP document.
