Unilex Colours and Chemicals Limited IPO Overview
Unilex Colours and Chemicals Limited is launching an IPO valued at ₹31.32 crores, offering a fresh issue of 36 lakh shares. The IPO opens for subscription from September 25 to September 27, 2024, with allotments expected to be finalized on September 30, 2024. Shares will be listed on the NSE SME on October 3, 2024.
The price band is set between ₹82 and ₹87 per share, with a minimum application lot size of 1,600 shares, requiring a minimum investment of ₹139,200 for retail investors. For HNI investors, the minimum investment involves 2 lots (3,200 shares), totaling ₹278,400. The book running lead manager for this IPO is Hem Securities Limited, and Link Intime India Private Ltd serves as the registrar. Hem Finlease acts as the market maker for the issue.
Refer to Unilex Colours and Chemicals IPO RHP for detailed information.
Unilex Colours and Chemicals Limited IPO Important dates
Unilex Colours and Chemicals IPO opens on September 25, 2024, and closes on September 27, 2024.
| IPO Open Date | Wednesday, September 25, 2024 |
| IPO Close Date | Friday, September 27, 2024 |
| Basis of Allotment | Monday, September 30, 2024 |
| Initiation of Refunds | Tuesday, October 1, 2024 |
| Credit of Shares to Demat | Tuesday, October 1, 2024 |
| Listing Date | Thursday, October 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2024 |
Unilex Colours and Chemicals Limited Financial Performance
Unilex Colours and Chemicals Limited’s revenue increased by 3% and profit after tax (PAT) rose by 24% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹9,068.35 Lakhs | ₹7,072.31 Lakhs | ₹7,669.84 Lakhs |
| Revenue | ₹14,932.88 Lakhs | ₹14,441.84 Lakhs | ₹15,156.73 Lakhs |
| Profit After Tax | ₹616.67 Lakhs | ₹497.07 Lakhs | ₹471.17 Lakhs |
| Net Worth | ₹3,686 Lakhs | ₹3,202.89 Lakhs | ₹2,805.98 Lakhs |
| Reserves and Surplus | ₹2,684.3 Lakhs | ₹2,868.99 Lakhs | ₹2,472.08 Lakhs |
| Total Borrowing | ₹2,161.4 Lakhs | ₹1,166.83 Lakhs | ₹1,135.09 Lakhs |
Unilex Colours and Chemicals Limited IPO Key Performance Indicator
The market capitalization of Unilex Colours and Chemicals IPO is Rs 118.47 Cr. KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 17.93% |
| ROCE | 6.32% |
| Debt/Equity | 0.59 |
| RoNW | 16.73% |
| PAT Margin (%) | 4.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.16 | 4.53 |
| P/E (x) | 14.13 | 19.21 |
Unilex Colours and Chemicals Limited IPO Objectives
The company intend to utilize the proceeds of the Issue to meet the following objects:
- To Meet Working Capital Requirements.
- Repayment of a portion of certain borrowing availed by the company.
- General Corporate Purpose.
Unilex Colours and Chemicals Limited IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹139,200 |
| Retail (Max) | 1 | 1600 | ₹139,200 |
| HNI (Min) | 2 | 3,200 | ₹278,400 |
Unilex Colours and Chemicals Limited IPO Details
| IPO Date | September 25, 2024 to September 27, 2024 |
| Listing Date | [October 3, 2024] |
| 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 |
| Share holding pre issue | 10,017,000 |
| Share holding post issue | 13,617,000 |
| Market Maker portion | 192,000 shares |
Unilex Colours and Chemicals Limited Company Overview and Services
Incorporated in March 2001, Unilex Colours and Chemicals Limited specializes in manufacturing high-quality pigments and food colors, while also engaging in the trading of various chemicals. Operating under the renowned brand name Unilex, the company serves both domestic and international markets, providing a diverse range of pigment solutions tailored for multiple industries.
Manufacturing Facility
The company’s state-of-the-art manufacturing unit, located in Palghar, Maharashtra, spans 1,275 sq. meters and is equipped with advanced machinery, including:
- Ball Mill
- Root Blower
- Silo
- Reaction Steel Vessel
- Brick Lined Vessel
- Rubber Lined Vessel
- Drying Vessel
- Spin Flash Dryer
- Ribbon Blender
- Air Classifier Mill
- Air Blender
- Filter Press
Unilex’s manufacturing facility is certified with ISO 9001:2015, ensuring top-notch quality management in the production of pigments, food dyes, and drug intermediates.
Financial Performance
The company’s manufacturing revenue has shown a consistent contribution to its overall financials:
- Fiscal Year 2024: ₹6,652.17 lakhs (46.24% of total revenue)
- Fiscal Year 2023: ₹7,455.21 lakhs (53.48% of total revenue)
- Fiscal Year 2022: ₹8,487.51 lakhs (58.42% of total revenue)
Diverse Product Portfolio
Unilex offers a comprehensive portfolio of over 100 products, including popular pigments like:
- Pigment Green-7
- Pigment Middle Chrome
- Pigment Violet 23 & 27
- Ultramarine Blue
To meet client specifications, the company sources these pigments from various third-party manufacturers.
Global Reach
The company’s products are exported to numerous countries, including:
- Vietnam
- Brazil
- Mexico
- Nigeria
- Russia
- Turkey
- The Netherlands
- Poland
- China
- Spain
- Malaysia
- Thailand
- United Arab Emirates
- Uzbekistan
Packaging Solutions
Unilex also provides a variety of packaging options, including:
- Multi-layer paper bags
- Corrugated boxes
- HDPE and HDPE-coated bags
- Multi-layer liners and HM covers
- Wooden pallets
- Jumbo bags
Workforce
As of March 31, 2024, Unilex employs 54 individuals at its manufacturing unit, alongside 25 contract laborers, reflecting its commitment to a skilled workforce.
Unilex Colours and Chemicals Limited IPO SWOT Analysis
Strengths
- Established Brand: Unilex has a solid reputation in the colours and chemicals industry, recognized for quality and reliability.
- Diverse Product Portfolio: The company offers a wide range of products, including dyes, pigments, and specialty chemicals, catering to various industries.
- Experienced Management Team: The presence of a skilled management team with extensive industry experience enhances decision-making and strategic direction.
- Robust Financial Growth: Consistent revenue and profit growth, with a significant increase in PAT by 24% in the latest financial year, indicates strong operational performance.
Weaknesses
- Market Dependency: Heavy reliance on specific industries, such as textiles and coatings, may expose the company to sector-specific downturns.
- Limited Geographic Reach: The company’s operations are primarily concentrated in specific regions, which may restrict its market potential and growth opportunities in international markets.
- High Capital Expenditure: Continuous investment in technology and infrastructure could strain financial resources, particularly during economic downturns.
Opportunities
- Growing Demand for Specialty Chemicals: Increasing industrialization and demand for specialty chemicals present significant growth opportunities for Unilex.
- Expansion into New Markets: Opportunities for geographic expansion into emerging markets, particularly in Asia-Pacific and Africa, where infrastructure development is on the rise.
- Technological Advancements: Investing in R&D and leveraging technological innovations can enhance product offerings and operational efficiencies.
- Sustainability Trends: Growing awareness and demand for eco-friendly and sustainable products can position Unilex as a leader in sustainable chemical solutions.
Threats
- Intense Competition: The chemicals industry is highly competitive, with numerous players vying for market share, which could pressure margins and market positioning.
- Economic Volatility: Fluctuations in the global economy, including changes in raw material prices, can impact profitability and operational costs.
- Regulatory Changes: Changes in environmental regulations and compliance standards may necessitate additional costs and operational adjustments.
- Supply Chain Disruptions: Global supply chain issues, exacerbated by geopolitical tensions or natural disasters, could impact production timelines and costs.
Unilex Colours and Chemicals Limited IPO GMP Details
Unilex Colours and Chemicals SME IPO last GMP is ₹13, last updated Sep 24th 2024. With the price band of 87.00, Unilex Colours and Chemicals SME IPO’s estimated listing price is ₹100 (cap price + today’s GMP).The expected percentage gain/loss per share is 14.94%.
Stay with us to know the daily price trend of Unilex Colours and Chemicals SME IPO GMP with expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 27-09-2024 Close | 87.00 | ₹13  |
15800 | ₹100 (14.94%) | 27-Sep-2024 |
| 26-09-2024 | 87.00 | ₹13 |
15800 | ₹100 (14.94%) | 26-Sep-2024 |
| 25-09-2024 Open | 87.00 | ₹13  |
15800 | ₹100 (14.94%) | 25-Sep-2024 |
| 24-09-2024 | 87.00 | ₹0 |
— | ₹87 (0%) | 24-Sep-2024 |
| 23-09-2024 | 87.00 | ₹0 |
— | ₹87 (0%) | 23-Sep-2024 |
| 22-09-2024 | 87.00 | ₹0 |
— | ₹87 (0%) | 22-Sep-2024 |
| 21-09-2024 | 87.00 | ₹0 |
— | ₹87 (0%) | 21-Sep-2024 |
| 20-09-2024 | 87.00 | ₹0 |
— | ₹87 (0%) | 20-Sep-2024 |
| 19-09-2024 | 87.00 | ₹0 |
— | ₹87 (0%) | 19-Sep-2024 |
Unilex Colours and Chemicals Limited IPO subscription status
Unilex Colours and Chemicals IPO subscribed 5.42 times. The public issue subscribed 7.29 times in the retail category, 3.64 times in QIB, and 3.43 times in the NII category by September 26, 2024.
| Investor Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Qualified Institutions | 3.64 | 681,600 | 24,83,200 | 21.60 |
| Non-Institutional Buyers* | 3.43 | 512,000 | 17,56,800 | 15.28 |
| Retail Investors | 7.29 | 1,193,600 | 86,96,000 | 75.66 |
| Employees | [.] | 0 | 0 | 0 |
| Others | [.] | 0 | 0 | 0 |
| Total * | 5.42 | 2,387,200 | 1,29,36,000 | 112.54 |
Total Application : 5,435 (7.29 times)
Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.
* Market Maker portion of 192,000 equity shares not included.
Unilex Colours and Chemicals IPO (Day-wise) Subscription Details (times)
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 September 25, 2024 |
0.00 | 2.77 | 1.92 | 1.55 |
| Day 2 September 26, 2024 |
3.64 | 3.43 | 7.29 | 5.42 |
Unilex Colours and Chemicals Limited IPO Allotment status
The allotment status of Unilex Colours and Chemicals IPO is expected to be available on September 30, 2024.
Unilex Colours and Chemicals IPO allotment status is not available at this time. Unilex Colours and Chemicals IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Unilex Colours and Chemicals Limited IPO allotment status.
To check Unilex Colours and Chemicals IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to unilex.smeipo@linkintime.co.in.
Unilex Colours and Chemicals Limited Contact Details
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/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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