The Unilex Colours and Chemicals IPO is set to open on September 25, 2024, and will close on September 27, 2024. This Book Built Issue aims to raise approximately ₹31.32 crores, consisting of a fresh issue of ₹31.32 crores and an offer for sale of equity shares with a face value of ₹10 each.
The price band for the IPO is set between ₹82 and ₹87 per share. The allocation will be divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The Unilex Colours and Chemicals IPO is expected to list on the NSE on October 3, 2024, with the allotment date scheduled for September 30, 2024.
In terms of financial performance, the company reported revenue of ₹149.33 crores in 2024, an increase from ₹144.42 crores in 2023. The profit also rose to ₹6.17 crores in 2024, compared to ₹4.97 crores in the previous year. Given these positive financials, investors may find this IPO a worthwhile long-term opportunity.
Unilex Colours and Chemicals IPO Objectives:
The company plans to utilize the proceeds from the IPO for the following purposes:
To meet working capital requirements.
To repay a portion of certain outstanding borrowings.
For general corporate purposes.
Unilex Colours and Chemicals IPO Review: Should You Apply?
Review and recommendations will be updated soon.
Read Also: TechEra Engineering IPO Date, Review, Price, Allotment Details
Unilex Colours and Chemicals IPO Dates & Price Band Details:
| IPO Open Date: | September 25, 2024 |
| IPO Close Date: | September 27, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹82 to ₹87 Per Share |
| Issue Size: | Approx ₹31.32 Crores |
| Fresh Issue: | Approx ₹31.32 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Unilex Colours and Chemicals IPO Market Lot
The minimum market lot for the Unilex Colours and Chemicals IPO is 1,600 shares, requiring an application amount of ₹139,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹ 1,39,200 |
| Retail Maximum | 1 | 1600 | ₹ 1,39,200 |
| HNI Minimum | 2 | 3200 | ₹ 2,78,400 |
Unilex Colours and Chemicals IPO Dates
The Unilex Colours and Chemicals IPO will open on September 25 and close on September 27. The allotment results are expected to be finalized on September 30, with the IPO listing scheduled for October 3.
| IPO Open Date: | September 25, 2024 |
| IPO Close Date: | September 27, 2024 |
| Basis of Allotment: | September 30, 2024 |
| Refunds: | October 1, 2024 |
| Credit to Demat Account: | October 1, 2024 |
| IPO Listing Date: | October 3, 2024 |
Promoters of Unilex Colours and Chemicals IPO
The promoters of Unilex Colours and Chemicals are Purushottam Brijlal Sharma, Narendra Parameswarappa Kotehall, Aditya Sharma, Manojkumar Shyamsunder Sharma, Rohit Krishnakumar Sharma, and Kabir Radheyshyam Sharma.
About Unilex Colours and Chemicals IPO
Unilex Colours and Chemicals Limited is located at 106-107, Advent Atria, Chincholi Bunder Road, Malad (W), Mumbai-400064, Maharashtra. The company specializes in manufacturing pigments and trading chemicals and food colors. Their pigments serve a wide range of applications across various industries, including plastics, rubber, textiles, paper, printing inks, paints, and coatings. Operating under the brand name “UNILEX,” the company caters to both national and international markets, offering a broad spectrum of pigment solutions.
The manufacturing facility, situated at MIDC – Tarapur, Palghar, Maharashtra, spans approximately 1,275 sq. meters and is equipped with advanced machinery, including Ball Mill Machines, Root Blowers, Silos, Reaction Steel Vessels, Brick Lined Vessels, Rubber Lined Vessels, Drowning Vessels, Spin Flash Dryers, Ribbon Blenders, Air Classifier Mill Machines, Air Blenders, and Filter Press Machines. The company’s dedicated engineers stay attuned to the latest technologies and industry trends to meet evolving market demands.
In terms of financial performance, Unilex Colours and Chemicals reported revenue from its manufacturing segment of ₹66.52 crores in 2024, compared to ₹74.55 crores in 2023 and ₹84.87 crores in 2022, accounting for 46.24%, 53.48%, and 58.42% of total revenue from operations, respectively.
The company exports its products to several countries, including Vietnam, Brazil, Mexico, Nigeria, Russia, Turkey, the Netherlands, Poland, China, Spain, Malaysia, Thailand, the United Arab Emirates, and Uzbekistan. By building long-term relationships with various corporations, Unilex has successfully expanded its product offerings, processes, and geographic reach. Its diverse customer base spans industries such as plastics, rubber, textiles, paper, printing inks, paints, coatings, and other industrial applications, which helps mitigate risks associated with customer, industry, and geographic concentration. The company’s commitment to customer satisfaction and adaptability has contributed to its success and substantial net worth.
Unilex Colours and Chemicals Financial Overview
In the fiscal year 2024, the company reported revenue of ₹149.33 crores, up from ₹144.42 crores in 2023. Additionally, the profit increased to ₹6.17 crores in 2024, compared to ₹4.97 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹ 151.57 | ₹ 145.22 | ₹ 4.71 | ₹ 76.70 |
| 2023 | ₹ 144.42 | ₹ 137.84 | ₹ 4.97 | ₹ 70.72 |
| 2024 | ₹ 149.33 | ₹ 141.05 | ₹ 6.17 | ₹ 90.68 |
Unilex Colours and Chemicals IPO Valuation – FY2024
Here are the valuation details for Unilex Colours and Chemicals IPO, including Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV):
| KPI | Values |
| ROE: | 17.90% |
| ROCE: | NA |
| EBITDA Margin: | 2.99% |
| PAT Margin: | 4.29% |
| Debt to equity ratio: | 0.59 |
| Earning Per Share (EPS): | ₹6.16 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 16.73% |
| Net Asset Value (NAV): | ₹ 36.80 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Kesar Petroproducts Ltd | 0.51 | 36.51 | 3.99% | 12.87 | 156.56 Cr. |
| Sudarshan Chemical Industries Ltd | 48.4 | 18.62 | 30.29% | 159.84 | 2158.82 Cr. |
Unilex Colours and Chemicals IPO Registrar
- Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Website: https://linkintime.co.in/initial_offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
Hem Securities Limited
Company Address
- Unilex Colours and Chemicals Limited
- 106-107, Advent Atria,
- Chincholi Bunder Road
- Malad (W) Mumbai-400064
- Phone: +91-22-28886235
- Email: cs@unilexcolours.in
- Website: https://unilexcolours.in/
Unilex Colours and Chemicals IPO FAQs
What is the Unilex Colours and Chemicals IPO?
The Unilex Colours and Chemicals IPO is a SME IPO aiming to raise ₹31.32 crores. The issue is priced between ₹82 and ₹87 per equity share and will be listed on the NSE.
When will the Unilex Colours and Chemicals IPO open for subscription?
The IPO will open on September 25, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors, and will close on September 27, 2024.
What is the investor portion for the Unilex Colours and Chemicals IPO?
The allocation for investors is as follows: 50% for QIBs, 15% for NIIs, and 35% for Retail Investors.
How can I apply for the Unilex Colours and Chemicals IPO?
You can apply for the Unilex Colours and Chemicals IPO via ASBA online through your bank account. You can also apply using UPI through your stockbroker or by filling out an offline application form.
What is the issue size of the Unilex Colours and Chemicals IPO?
The issue size for the Unilex Colours and Chemicals IPO is ₹31.32 crores.
What is the price band for the Unilex Colours and Chemicals IPO?
The price band for the Unilex Colours and Chemicals IPO is set between ₹82 and ₹87.
What is the lot size for the Unilex Colours and Chemicals IPO?
The minimum bid for the IPO is 1,600 shares, amounting to ₹139,200.