Unitec Fibres IPO GMP, Date, Price Band & Review

Unitec Fibres IPO Details

Unitec Fibres IPO is a 100% book-built issue of ₹34.47 crore, entirely a fresh issue, with a face value of ₹10 per share. The company filed its DRHP with SEBI on June 29, 2026.

The price band of the issue is set between ₹83 to ₹88 per share and lot size for an application is 1,600 shares. The minimum amount of investment required by an individual investor is ₹2,81,600 (3,200 shares). The IPO will be open for subscription from Sep 23 to 25, 2026, on the BSE SME platform, with a tentative listing date fixed as Sep 30, 2026.

Smart Horizon Capital Advisors Private Limited is the Book Running Lead Manager, while Bigshare Services Private Limited is the registrar.

Unitec Fibres IPO Date & Timeline

The Unitec Fibres IPO is officially set to open for subscription on Sep 23, 2026 and will close on Sep 25, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on June 29, 2026 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Sep 28, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Sep 29, 2026. Finally, shares of Pooja Logistics Ltd. are tentatively scheduled to list on the stock exchanges on Sep 30, 2026.

Company Background

Unitec Fibres Limited was incorporated on February 11, 2005 as Unitec Fibres Private Limited under the Companies Act, 1956. The company was subsequently converted into a public limited company following a special resolution passed on February 14, 2024, with the fresh certificate of incorporation issued on June 13, 2024. Its registered office is in Andheri, Mumbai, Maharashtra.

The company is engaged in manufacturing Recycled Polyester Staple Fibre, or RPSF, using recycled polyester-based raw materials. Its products serve applications across automobile, home furnishing, non-woven fabric and textile industries. The manufacturing process focuses on the regeneration of polyester fibre through the utilization of PET flakes, PET chips and other PET waste derived from discarded plastic bottles and post-consumer waste streams.

Operations & Product Range

Unitec Fibres manufactures RPSF from materials including PET flakes, polyester waste and PET chips. The manufacturing process covers raw-material procurement and inspection, cleaning and pre-processing, extrusion, spinning, drawing, crimping, drying, cutting, packaging and delivery. The company offers RPSF in different deniers, colours, cross-sections and cut lengths.

Its product range includes Hollow Conjugated Fibre, Hollow Fibre High Bulk, Dope Dyed Black Polyester Staple Fibre, Dope Dyed Polyester Staple Fibre, Polyester Staple Fibre Solid and Polyester Staple Fibre Down-Type. These products are used in pillows, mattresses, cushions, jackets, stuffed toys, filtration products, geotextiles, carpets, wadding, spinning and non-woven applications. The company serves institutional buyers, traders, merchant exporters and commission agents across domestic and international markets.

Facilities & Capacity

Unitec Fibres currently operates two manufacturing units in the M.I.D.C. Tarapur Industrial Area in Palghar, Maharashtra. Unit 1 has an installed capacity of 12,198 MTPA, while Unit 2 has installed capacity of 15,785.66 MTPA, giving the two facilities a combined capacity of 27,984 MTPA. Combined actual production was 25,422.34 tonnes in FY26, corresponding to overall capacity utilisation of 90.85%. The company has also acquired approximately 47,494 square metres of land at Anklas, Umbergaon, Valsad, Gujarat, for setting up Unit 3. The proposed facility is intended to add another RPSF production line and process used PET bottles and textile waste.

Brands & Market Presence

Unitec Fibres through its RPSF product portfolio rather than through separately identified consumer brands. The company sells to domestic end-user industries and traders and also serves international markets through merchant exporters and commission agents. In FY26, domestic revenue accounted for 89.98% of revenue from operations, while exports contributed 9.16%. Export destinations include Bangladesh, France, the United Kingdom and Germany, along with several other countries. The company also holds relevant certifications and registrations connected with quality, environmental management, recycled materials and textile exports.

Revenue Streams & Business Model

Unitec Fibres Ltd. operates a manufacturing-driven business model, producing Recycled Polyester Staple Fibre (RPSF) from post-consumer waste like PET flakes, PET chips, and discarded plastic bottles. The firm's primary revenue stream is derived from B2B sales of RPSF to industrial clients in the automobile, home furnishing, and textile spinning sectors, tailored to specified parameters such as density and color. A secondary income stream is generated from Extended Producer Responsibility (EPR) recycling credits.

Financial Performance

Unitec Fibres reported revenue from operations of ₹224.24 crore in FY26. Revenue therefore increased at a CAGR of approximately 4.81% between FY24 and FY26, although FY26 revenue declined marginally from the previous year. Profit after tax stood at ₹7.60 crore in FY26. PAT declined by approximately 7.56% in FY26 compared with FY25. EBITDA was at ₹15.77 crore, while the EBITDA margin moved from 8.22% in FY24 to 7.03% in FY26.

Management & Shareholding

The promoters of Unitec Fibres are Mr. Vijay Omjagdish Behl, Mr. Virander Behl, Ms. Devina Virander Behl, Mr. Rajiv Behl, Mr. Mihir Suvanam and Magic Films Private Limited. Before the IPO, the promoters held a 94.2% stake in the company, but after the IPO, the promoters shareholding will be diluted to 68.61%, as the offering include 37,16,800 shares, as fresh shares.

Board & Key Management

The company's Board comprises five directors: Mr. Virander Behl, Managing Director; Mr. Vijay Omjagdish Behl, Chairman and Whole-Time Director; Ms. Devina Virander Behl, Non-Executive Non-Independent Director; Mr. Sekar Ananthanarayan, Non-Executive Independent Director; and Ms. Pradnya Yogesh Chandorkar, Non-Executive Independent Director. The management team also includes Mr. Rajiv Behl as CEO, Mr. Mihir Suvanam as CFO and Ms. Disha Vijay Rane as CS and CO. Mr. Virander Behl has been involved in the business since incorporation, while Mr. Vijay Omjagdish Behl has experience in production, procurement and day-to-day operations.