The Unilex Colours and Chemicals IPO is a book-built issue valued at Rs 31.32 crore, consisting of a fresh issue of 36 lakh shares.
The IPO will open for subscription on September 25, 2024, and close on September 27, 2024. Share allotment is expected to be finalized by Monday, September 30, 2024, with the listing on the NSE SME scheduled for Thursday, October 3, 2024.
The IPO price band is set at ₹82 to ₹87 per share. The minimum application size is 1,600 shares, requiring a retail investment of ₹139,200. For HNIs, the minimum investment is 2 lots (3,200 shares), totaling ₹278,400.
Below are the details of Unilex Colours and Chemicals IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Unilex Colours and Chemicals Details
| IPO Date | September 25, 2024 to September 27, 2024 |
| Listing Date | [.] |
| 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 Timeline
| 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 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 Colours and Chemicals Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 10,20,800 (28.36%) |
| Market Maker Shares Offered | 1,92,000 (5.33%) |
| QIB Shares Offered | 6,81,600 (18.93%) |
| NII (HNI) Shares Offered | 5,12,000 (14.22%) |
| Retail Shares Offered | 11,93,600 (33.16%) |
| Total Shares Offered | 36,00,000 (100%) |
Unilex Colours and Chemicals Anchor Investors
| Bid Date | September 24, 2024 |
| Shares Offered | 1,020,800 |
| Anchor Portion Size (In Cr.) | 8.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 29, 2024 |
Unilex Colours and Chemicals Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 9,068.35 | 7,072.31 | 7,669.84 | |||||||||||||||||||||||||||
| Revenue | 14,932.88 | 14,441.84 | 15,156.73 | |||||||||||||||||||||||||||
| Profit After Tax | 616.67 | 497.07 | 471.17 | |||||||||||||||||||||||||||
| Net Worth | 3,686 | 3,202.89 | 2,805.98 | |||||||||||||||||||||||||||
| Reserves and Surplus | 2,684.3 | 2,868.99 | 2,472.08 | |||||||||||||||||||||||||||
| Total Borrowing | 2,161.4 | 1,166.83 | 1,135.09 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
Unilex Colours and Chemicals Review
Unilex Colours & Chemicals Ltd. specializes in manufacturing pigments and trading chemicals and food colors. With a production capacity of 1,878 MT per annum, UCCL is known for its Pigment Blue 15:3 and 15:4. Its products cater to a variety of industries including plastics, textiles, and paints, and the company has established a presence in both domestic and international markets.
IPO Details: UCCL is launching its inaugural book-built IPO of 3.6 million equity shares, aiming to raise Rs. 31.32 crore at a price band of Rs. 82 to Rs. 87 per share. The subscription period runs from September 25 to September 27, 2024. Funds will be allocated to working capital, debt repayment, and general corporate purposes.
Financial Performance: The company has demonstrated revenue fluctuations, reporting a total income of Rs. 149.33 crore and a net profit of Rs. 6.17 crore for FY24. While earnings have varied, the increase in profitability for FY24 is noteworthy. The IPO is priced at a P/E of 19.21 based on FY24 earnings, suggesting it is fully valued compared to industry peers.
Dividend Policy: UCCL has maintained a consistent dividend payout, declaring 30% in FY22, 40% in FY23, and 30% in FY24, with future dividends dependent on financial performance.
Conclusion: UCCL operates in a competitive sector with an inconsistent revenue history, yet the positive trend in profitability may appeal to moderate investors. Given the current pricing and market conditions, it is advisable for informed investors to consider allocating a portion of their portfolio for the medium term. Always consult with a qualified financial advisor before making investment decisions.