Unilex Colors and Chemicals Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 25, 2024 to September 27, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 82 to ₹ 87 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 36,00,000 shares (aggregating up to ₹ 31.32 Cr) |
| Fresh Issue | 36,00,000 shares (aggregating up to ₹ 31.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,00,17,000 |
| Shareholding post issue | 1,36,17,000 |
| Market Maker portion | 1,92,000 shares Hem Finlease |
About Unilex Colors and Chemicals Limited IPO, GMP, Details, Price, And Review
Unilex Colors and Chemicals Limited is a business engaged in manufacturing and trading food colours and pigments catering to international and national market needs. Their manufactured pigments find diverse applications across industries like rubber, plastic, paper, textiles, paints, printing inks, and coatings. The company specializes in Pigment 15:3 and 15:4 manufacturing, offering solutions to cater to the needs of varied industries. Its annual production capacity is 1878 mtpa, and the products are marketed under its registered brand name, Unilex.
Spread across 1275 sq. meters of land, Unilex Colors and Chemicals Limited’s manufacturing facility is at MIDC- Tarapur, Palghar, Maharashtra. It is equipped with varied machines like Root Blower, Ball Mill Machine, Silo, Brick Lined Vessel, Reaction Steel Vessel, Rubber Lined Vessel, Spin Flash Dryer, Air Classifier Mill Machine, Ribbon Blender, Drowning Vessel, Filter Press Machine, Air Blender, etc.
Unilex Colors and Chemicals IPO Overview:
Issue Size: ₹31.32 crores
Type of Issue: Fresh issue of equity shares
Total Shares Offered: 36 lakh shares
Key Dates
Subscription Opens: September 25, 2024
Subscription Closes: September 27, 2024
Price Band
Price Range: ₹82 to ₹87 per share
Minimum Lot Size: 1,600 shares
Management Team
Book Running Lead Manager: Hem Securities Limited
Registrar: Link Intime India Private Ltd
Market Maker: Hem Finlease
Unilex Colors and Chemicals Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Company & Financials
Unilex Colors and Chemicals Limited was incorporated in March 2001. The company manufactures and deals in pigments, food colors and chemicals. It markets its products as Unilex, it’s registered brand name and offers wide pigment solutions range for varied industries. The manufacturing unit of the company is well-equipped for production and the facility is certified for quality management with ISO 9001:2015, for the production of food dyes, drug intermediates and pigments.
The portfolio of the company includes a wide pigments range, including,
1.Pigment Green-7
2.Pigment Middle Chrome
3.Pigment Violet 23 & 27
4.Ultramarine Blue.
These pigments are sourced from varied 3rd-party manufacturers for meeting varied client requirements. The company's products are exported to varied countries like Mexico, Vietnam, China, Malaysia, the United Arab Emirates, Russia, and more. Furthermore, the company even offers its clients,
1.Multilayer paper bags
2.Corrugated boxes
3.HDPE & HDPE-coated Bags
4.Multi-layer liners
5.HM covers
6.Wooden pallets
7.Jumbo bags
Objectives of Unilex Colors and Chemicals IPO
The company proposes the use of Net Proceeds from the issue towards objectives, including,
1. Prepayment/repayment of all or a portion of some loans that have been availed by the company.
2. Funding the company’s working capital requirements.
3. General corporate purposes.
Unilex Colors and Chemicals IPO Review
- 1.Unilex Colours and Chemicals Limited is a company engaged in
- 2.Manufacturing the pigments
- 3.Trading food colours and chemicals
The company operates in a competitive and highly fragmented segment. It posted inconsistency previously; however, it reported boosted profits in FY2024. As per the earnings of the FY24, issues look fully priced. The well-informed investors might park the moderate funds for the medium term.
Unilex Colors and Chemicals Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
14,932.88
₹ Crore
Profit After Tax
616.67
₹ Crore
Net Worth
3,686
₹ Crore
Total Borrowing
2,161.4
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 9,068.35 | 14,932.88 | 616.67 | 3,686 | 2,161.4 | ||||
| 31 Mar 2023 | 7,072.31 | 14,441.84 | 497.07 | 3,202.89 | 1,166.83 | ||||
| 31 Mar 2022 | 7,669.84 | 15,156.73 | 497.07 | 2,805.98 | 1,135.09 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹87 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹44, and a lot size of 1600 shares.
Unilex Colors and Chemicals Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-03 | ₹87 | ₹4 (4.60%) | 2024-10-03 |
Unilex Colors and Chemicals Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 17.93% |
| ROCE | 6.32% |
| Debt/Equity | 0.59 |
| RoNW | 16.73% |
| PAT Margin (%) | 4.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.16 | 4.53 |
| P/E (x) | 14.13 | 19.21 |
Frequently Asked Questions
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Competitive Strengths
Unilex Colors and Chemicals Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹139,200 |
| Retail (Max) | 1 | 1600 | ₹139,200 |
| HNI (Min) | 2 | 3200 | ₹278,400 |