Unilex Colours and Chemicals IPO: Know in Detail

1. Unilex Colours and Chemicals IPO is a book-built issue of Rs 31.31 crores.
2. This upcoming IPO bidding opens on Sep 25 and closes on Sep 27, 2024.
3. Unilex Colours and Chemicals SME IPO price is set at Rs 142 to Rs 150 per share.
4. The minimum investment required is Rs 139,200.

Unilex Colours and Chemicals IPO: Synopsis

Unilex Colours and Chemicals IPO is open for subscription starting Wednesday, September 25, 2024, and closing on Friday, September 27, 2024. This upcoming IPO price is Rs 82 to Rs 87 per share. The minimum lot size set for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares.

The minimum investment required for retail category investors is Rs 1,39,200 (87 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,78,400 (87 x 3200 shares).

Unilex Colours and Chemicals IPO is a book-built issue of Rs 31.32 crores.

The upcoming IPO is entirely a fresh issue of 36 lakh shares. The allotment for this new IPO is expected to be finalised on Monday, September 30, 2024. Unilex Colours and Chemicals IPO will be listed on NSE SME on Thursday, October 3, 2024.

Hem Securities Limited is the book-running lead manager, Link Intime India Private Limited is the registrar, and Him Finlease is the market maker for this IPO.

Also Read | TechEra Engineering IPO: Unlocking the IPO in Detail

Unilex Colours and Chemicals IPO: About the company

Unilex Colours and Chemicals Limited was incorporated in 2001, engaged in the business of manufacturing pigments, trades chemicals, and manufactures food colours. They provide a wide range of pigment solutions for various industries. They markets its products under the brand name Unilex catering both domestic and international markets.

The company's product portfolio includes a wide range of pigments, including Pigment Green -7, Pigment Middle Chrome, Pigment Violet 23 & 27, and Ultramarine Blue, which are sourced from various third-party manufacturers to meet the specific requirements of its clients. The company also offers multilayer paper bags, corrugated boxes, HDPE and HDPE-coated bags, multi-layer liners and HM covers, wooden pallets, and jumbo bags.

The products are exported to many countries including Vietnam, Brazil, Mexico, Nigeria, Russia, Turkey and many more countries. As of March 31, 2024 the company has a team of 54 employees in the manufacturing unit.

Unilex Colours and Chemicals IPO: Objectives

The money raised from the IPO will be used to cover the day-to-day capital needs of the company. The remaining money will be used for repaying the past loans availed by the company and fulfilling the general corporate purposes.

Unilex Colours and Chemicals IPO: Other Important Details

Time-Table of Unilex Colours and Chemicals IPO

Unilex Colours and Chemicals IPO: Financial Metrics (Amt in Rs Lakhs)

Unilex Colours and Chemicals posted revenue of Rs 14,932.88 lakhs and net profit of Rs 616.67 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 3% and net profit increased by 24% between the FY ending on 31 Mar 2024 and 31 Mar 2023.

Minimum Investment: Lot Size Details

Promoters of Unilex Colours and Chemicals Limited and Their Holdings

The promoters of Unilex Colours and Chemicals are NPurushottam Brijlal Sharma, Narendra Parameswarappa Kotehall, Aditya Sharma, Manojkumar Shyamsunder Sharma, Rohit Krishnakumar Sharma and Kabir Radheyshyam Sharma. The promoter shareholdings before the IPO were 100%; however, after the IPO, shareholdings will be 73.56%.

Unilex Colours and Chemicals: Strength of Company

1. Unilex Colours and chemicals manufactures pigments, trades chemicals, and manufactures food colours.
2. The company's product portfolio includes a wide range of pigments, including Pigment Green -7, Pigment Middle Chrome, Pigment Violet 23 and 27, and Ultramarine Blue.
3. The company's products are exported to international boundaries.

FAQs

1. What are the details of the Unilex Colours and Chemicals IPO?

Unilex Colours and Chemicals IPO is a book-built issue of Rs 31.32 crores.

The upcoming IPO is entirely a fresh issue of 36 lakh shares. The allotment for this new IPO is expected to be finalised on Monday, September 30, 2024.

2. Who are the lead managers for the Unilex Colours and Chemicals IPO?

Hem Securities Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Link Intime India Limited in this IPO?

Link Intime India Limited is the registrar for Unilex Colours and Chemicals Limited, handling the IPO's administrative aspects.

4. How can I apply for the Unilex Colours and Chemicals IPO?

The public subscription of this new IPO will open on September 25, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The money raised from the IPO will be used to cover the day-to-day capital needs of the company. The remaining money will be used for repaying the past loans availed by the company and fulfilling the general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Unilex Colours and Chemicals Limited IPO by visiting here. For further updates follow Bigul.

Also Read | Avi Ansh Textile IPO: What Investors Should Know Before Applying