Unilex Colours and Chemicals IPO Subscription Status

Unilex Colours and Chemicals' initial public offering (IPO) has garnered significant investor interest, with subscription rates increasing dramatically over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in a 35.03 times oversubscription by the end of day three. This response underscores the strong market appetite for Unilex Colours and Chemicals' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 25th September 2024, has seen significant growth in investor participation across all categories. Unilex Colours and Chemicals attracted bids for 8,36,24,000 equity shares amounting to ₹727.53 crore.
The Non-Institutional Investors (NII) segment, in particular, has shown overwhelming demand, followed by strong interest from Retail Investors and Qualified Institutional Buyers (QIB).

Subscription Status of Unilex Colours and Chemicals IPO for Days 1, 2, and 3:

Note: Market Maker portion is not included in NII/HNI.

Here are the subscription details for Unilex Colours and Chemicals IPO as of Day 3 (27th September 2024):

Total Applications: 26,191 (35.11 times)

Note: The total amount is calculated based on the final issue price or the price in the upper price range.

Key Highlights:

• The IPO of Unilex Colours and Chemicals is currently subscribed 35.03 times, with exceptional demand from Non-Institutional Investors.
• Non-Institutional Investors (NII) have shown overwhelming interest, with a subscription ratio of 60.74 times.
• Retail investors have demonstrated strong enthusiasm, with a subscription ratio of 35.11 times.
• Qualified Institutional Buyers (QIB) have shown significant interest, with a subscription ratio of 15.58 times.
• The overall subscription trend increased dramatically day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Unilex Colours and Chemicals IPO - Day 2 Subscription at 5.42 Times

Key Highlights:

• On Day 2, Unilex Colours and Chemicals' IPO was subscribed 5.42 times, with strong demand from Retail Investors.
• Retail investors showed significantly increased interest with a subscription ratio of 7.29 times.
• Qualified Institutional Buyers (QIB) showed increased interest with a subscription ratio of 3.64 times.
• Non-Institutional Investors (NII) showed moderate interest with a subscription ratio of 3.43 times.
• The overall subscription trend indicated building momentum, with all investor categories showing increased participation.

Unilex Colours and Chemicals IPO - Day 1 Subscription at 1.55 Times

Key Highlights:

• The IPO of Unilex Colours and Chemicals was subscribed 1.55 times on Day 1, with initial demand primarily from Non-Institutional Investors.
• Non-Institutional Investors (NII) showed early interest with a subscription ratio of 2.77 times.
• Retail investors showed moderate initial interest with a subscription ratio of 1.92 times.
• Qualified Institutional Buyers (QIB) showed no initial interest with a subscription ratio of 0.00 times.
• The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Unilex Colours and Chemicals Limited:

Unilex Colours and Chemicals Limited, incorporated in March 2001, is a prominent manufacturer of pigments, trader of chemicals, and producer of food colours. The company caters to domestic and international markets with a diverse product portfolio of over 100 items, including Pigment Green-7, Pigment Violet 23 & 27, and Ultramarine Blue. Its manufacturing facility in Palghar, Maharashtra, spans 1275 sq. meters and is equipped with advanced machinery such as Ball Mill, Root Blower, and Spin Flash Dryer. The company is ISO 9001:2015 certified for quality management in pigments, food dyes, and drug intermediates.

Unilex markets its products under the registered brand name "Unilex" and exports to several countries, including Vietnam, Brazil, Russia, and Spain. It also offers specialised packaging solutions like multi-layer bags, corrugated boxes, and jumbo bags. As of March 2024, the company employs 54 workers and 25 contract labourers. Financially, Unilex achieved a revenue of ₹149.33 crore in FY 2024, reflecting 3% YoY growth, and a profit of ₹6.17 crore, showing a 24% YoY increase. Strong metrics like a Return on Equity (ROE) of 17.93% and a Return on Capital Employed (ROCE) of 6.32% indicate its steady growth. With a solid product range and expanding market presence, Unilex is well-positioned in the competitive pigment and chemical industry.

Read more about Unilex Colours IPO

Highlights of the Unilex Colours and Chemicals IPO:

• IPO Date: 25th September 2024 to 27th September 2024
• Listing Date: 3rd October 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹82 to ₹87 per share
• Lot Size: 1600 Shares
• Total Issue Size: 3,600,000 shares (aggregating up to ₹31.32 Cr)
• Fresh Issue: 3,600,000 shares (aggregating up to ₹31.32 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: NSE SME
• Book Running Lead Manager: Hem Securities Limited
• Registrar: Link Intime India Private Ltd
• Market Maker: Hem Finlease