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Unilex Colour & Chemical IPO

  • Status: Closed
  • RHP:
  • ₹ 131,200 / 1600 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    03 Oct 2024

  • Listing Price

    ₹ 89.00

  • Listing Change

    2.30%

  • Last Traded Price

    ₹ 68.00

IPO Details

  • Open Date

    25 Sep 2024

  • Close Date

    27 Sep 2024

  • IPO Price Range

    ₹ 82 - ₹ 87

  • IPO Size

    ₹ 31.32 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    03 Oct 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Unilex Colour & Chemical IPO Subscription Status

Last Updated: 01 October 2024 9:39 AM by 5Paisa

Unilex Colours and Chemicals IPO is set to open on 25 September 2024 and will close on 27 September 2024. Unilex Colours and Chemicals produces pigments, sells chemicals and makes food colours.

The IPO includes a fresh issue of 36 lakh shares aggregating ₹31.32 Cr and it does not include offer for sale. The price range is set between ₹82 - ₹87 per share and the lot size is 1600 shares. 

The allotment is scheduled to be finalized on 30 September 2024. It will go public on NSE SME, with a tentative listing date of 3 October 2024.

Hem Securities Limited is the book running lead manager, while Link Intime India Private Ltd is the registrar.
 

Unilex IPO Size

Types Size
Total IPO Size ₹31.32 Cr
Offer For Sale -
Fresh Issue ₹31.32 Cr

 

Unilex IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 ₹139,200
Retail (Max) 1 1600 ₹139,200
HNI (Min) 2 3,200 ₹278,400

 

Unilex IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 15.58 6,81,600 1,06,20,800 92.40
NII (HNI) 60.70 5,12,000     3,10,78,400 270.38
Retail 34.79 11,93,600 4,15,29,600 361.31
Total 34.86 23,87,200 8,32,28,800 724.09

 

Unilex IPO Anchor Allocation

Anchor Bid Date 24 September, 2024
Shares Offered 1,020,800
Anchor portion Size (In ₹ Cr.) 8.88
Anchor lock-in period end date for 50% shares (30 Days) 30 October, 2024
Anchor lock-in period end date for remaining shares (90 Days) 29 December, 2024

 

1. For working capital requirements
2. Repayment of some outstanding borrowings  
3. General corporate purposes  

Unilex Colours and Chemicals established in March 2001, specialises in manufacturing pigments, trading chemicals and producing food colors. The company sells its products under the brand name Unilex in both domestic and international markets, offering various pigment solutions for different industries.

Their manufacturing facility located in Palghar, Maharashtra and is equipped with various machines like Ball Mills, Blowers and Drying Vessels. The plant is certified with ISO 9001:2015, ensuring quality management in producing pigments, food dyes and drug intermediates.

Their product range includes over 100 items such as Pigment Green -7 and Ultramarine Blue which are sourced from third party manufacturers. Unilex exports its products to countries like Vietnam, Brazil and UAE among others.

The company also provides various packaging solutions including paper bags and corrugated boxes. As of 31 March 2024, Unilex employed 54 staff members and had 25 contract laborers at its manufacturing unit.

Peers

Kesar Petroproducts.
Sudarshan Chemical Industries.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 149.33 144.42 151.57
EBITDA 4.31  2.74  1.00
PAT 6.17 4.97 4.71
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 90.68 70.72 76.60
Share Capital 10.02  3.34  3.34
Total Borrowings 21.61 11.67 11.35
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities -4.08  2.34  -5.53
Net Cash Generated From / (used in) investing activities -0.20  -0.61  -0.89
Net Cash Generated From / (used in) financing activities 7.71  -1.31  3.19
Net Increase (Decrease) In Cash And Cash Equivalents 3.34  0.42  -3.23


Strengths

1. The company has long standing relationships with a variety of customers across different geographies reducing dependency on a single market and ensuring stable demand.

2. It offers a broad range of products that serve multiple industries allowing it to cater to diverse market needs and reducing the impact of downturns in any one sector.

3. Led by experienced promoters and directors, the company benefits from deep domain knowledge and strong management. Additionally, its focus on research and development enables continuous product innovation and customization for clients.
 

Risks

1. As the company operates across multiple industries and regions any economic downturn or adverse conditions in key markets could impact its performance.

2. While the company serves a broad range of industries, a portion of its revenue may still come from key clients. Losing a major client could affect financial stability.

3. The company’s ability to maintain its competitive edge relies on ongoing innovation. Failure to keep up with technological advancements or market trends could erode its market position.
 

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FAQs

Unilex Colours and Chemicals IPO opens from 25 September to 27 September 2024.

The size of the Unilex Colours and Chemicals IPO is ₹31.32Cr.

The price of the Unilex Colours and Chemicals IPO is fixed between ₹82 -₹87 per share. 

To apply for Unilex Colours and Chemicals IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Unilex Colours and Chemicals IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Unilex Colours and Chemicals IPO is 1600 shares and the investment required is ₹1,31,200.
 

The share allotment date of Unilex Colours and Chemicals IPO is 30 September 2024

The Unilex Colours and Chemicals IPO will be listed on 3 October 2024.

Hem Securities Limited is the book running lead manager for Unilex Colours and Chemicals IPO.
 

Unilex Colours and Chemicals plans to utilize the raised capital from the IPO for:

1. For working capital requirements
2. Repayment of some outstanding borrowings  
3. General corporate purposes