Unilex Colours and Chemicals is scheduled to hit the market on September 25, 2024 and close on September 27, 2024. Unilex Colours and Chemicals plans to raise around ₹31.32 Cr through an IPO with a sale of up to 3,600,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Unilex Colours and Chemicals Limited, started in March 2001, makes pigments and food colors while also trading chemicals. Their products are sold under the brand name “Unilex” and are available in both domestic and international markets. The company has a manufacturing unit in Palghar, Maharashtra, which covers 1275 square meters and is equipped with various machines for production. They have received ISO 9001:2015 certification for maintaining quality standards in their manufacturing processes.
For the financial years 2022, 2023, and 2024, the company's manufacturing revenues were ₹8,487.51 lakhs, ₹7,455.21 lakhs, and ₹6,652.17 lakhs, making up significant portions of their total revenue. Their product range includes many types of pigments like Pigment Green -7 and Ultramarine Blue, which are sourced from other manufacturers. They export their products to countries like Vietnam, Brazil, and Russia. The company also packages its products in different materials such as multi-layer paper bags and HDPE-coated bags. As of March 31, 2024, Unilex offers over 100 products and employs 54 staff members along with 25 contract laborers at their manufacturing site.
Unilex Colours and Chemicals IPO Details
Unilex Colours and Chemicals IPO opens on September 25, 2024, and closes on September 27, 2024. The Listing date for Unilex Colours and Chemicals IPO is on October 03, 2024. The price band for IPO is ₹82 to ₹87 per share and lot size of 1600 Shares.
| IPO Date | September 25, 2024 to September 27, 2024 |
| Listing Date | October 03, 2024 |
| Price | ₹82 to ₹87 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹31.32 Cr |
| Face Value | ₹10 per share |
Unilex Colours and Chemicals IPO Tentative Timetable
Unilex Colours and Chemicals opening date is September 25, 2024 and close date is September 27, 2024. The IPO allotment date is September 30, 2024. Therefund initiation of IPO is on October 01, 2024. The credit of shares in demat account is on October 01, 2024. The listing date is on October 03, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 25, 2024 |
| IPO Closing | September 27, 2024 |
| IPO Allotment Date | September 30, 2024 |
| Refund Initiation | October 01, 2024 |
| Shares Credit to Demat | October 01, 2024 |
| Lisiting Date | October 03, 2024 |
Unilex Colours and Chemicals IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹139,200).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹139,200 |
| Retail(Maximum) | 1 | 1600 | ₹139,200 |
| HNI (Minimum) | 2 | 3200 | ₹278,400 |
Unilex Colours and Chemicals IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.56% |
Unilex Colours and Chemicals IPO Review
The company is launching its first IPO (Initial Public Offering) through a book building process. They will offer 3,600,000 equity shares with a face value of Rs. 10 each, aiming to raise Rs. 31.32 crore at the highest price.
On the financial performance front, for the last three fiscals, the company has posted a total income/net profit of Rs. 151.57 cr. / Rs. 4.71 cr. (FY22), Rs. 144.42 cr. / Rs. 4.97 cr. (FY23), Rs. 149.33 cr. / Rs. 6.17 cr. (FY24). While it posted inconsistency in its top lines for the reported periods, boosted profits for FY24 raises eyebrows.
For the last three fiscals, it has reported an average EPS of Rs. 5.52 and an average RoNW of 16.34%. The issue is priced at a P/BV of 2.36 based on its NAV of Rs. 36.80 as of March 31, 2024, and at a P/BV of 1.74 based on its post-IPO NAV of Rs. 50.07 per share (at the upper cap).
If we attribute FY24 super earnings to its post-IPO fully diluted paid-up equity capital, then the asking price is at a P/E of 19.21. Based on FY23 earnings, the P/E stands at 23.84. Thus the issue relatively appears fully priced.
The company reported PAT margins of 3.24% (FY22), 3.57% (FY23), 4.29% (FY24), and RoE margins of 17.98 %, 16.54%, 17.90% for the referred periods, respectively.
The company has announced dividends of 30% for FY22, 40% for FY23, and 30% for FY24. It will follow a careful dividend policy based on its financial results and future plans.
The company makes pigments and sells chemicals and food colors. It works in a very competitive and divided market. The company's sales have been inconsistent over the last few periods, but it showed higher profits for FY24. Based on the earnings from FY24, the stock seems to be fully valued. Smart investors might consider investing a moderate amount for the medium term.
Unilex Colours and Chemicals IPO Subscription Status (Bidding Details)
Table not foundUnilex Colours and Chemicals IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Unilex Colours and Chemicals IPO FAQs
What is Unilex Colours and Chemicals IPO?
Unilex Colours and Chemicals is issuing 3,600,000 equity shares with a face value of ₹10 each, totaling up to ₹31.32 Cr. The shares are being offered at a price of ₹82 to ₹87 each, with a minimum order quantity of 1600 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Unilex Colours and Chemicals IPO will open?
Unilex Colours and Chemicals will open on September 25, 2024 for QIB, NII, and Retail Investors.
When Unilex Colours and Chemicals IPO will end?
Unilex Colours and Chemicals will end on September 27, 2024.
What is Unilex Colours and Chemicals IPO Size?
Unilex Colours and Chemicals IPO size is ₹31.32 Cr.
What is Unilex Colours and Chemicals IPO Price Band?
Unilex Colours and Chemicals price band is ₹82 to ₹87 per share.
What is Unilex Colours and Chemicals IPO Allotment Date?
Unilex Colours and Chemicals allotment date is September 30, 2024.
What is Unilex Colours and Chemicals IPO Listing Date?
Unilex Colours and Chemicals listing date is October 03, 2024. The IPO is to be listed on BSE and NSE.
How to Unilex Colours and Chemicals IPO through Zerodha?
To apply for the IPO “Unilex Colours and Chemicals” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Unilex Colours and Chemicals IPO through Upstox?
To apply for the IPO “Unilex Colours and Chemicals” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Unilex Colours and Chemicals IPO Allotment Status?
For Unilex Colours and Chemicals IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Unilex Colours and Chemicals IPO GMP?
You can check out here: Unilex Colours and Chemicals IPO GMP. Check all IPO GMP here.