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Unilex Colour & Chemical IPO: Things Smart Investors Need to Know

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Unilex Colour & Chemical Limited is set to raise ₹31.32 crores through its initial public offering (IPO), which comprises a fresh issue of 36 lakh equity shares. The IPO opens for subscription on September 25, 2024, and closes on September 27, 2024. Allotment of shares is expected to be finalized on September 30, 2024, and the company's listing is projected on October 3, 2024 on the NSE SME platform.

IPO Details

Information

Issue Size

₹31.32 crores

Total Shares Offered

36,00,000 Equity Shares

Issue Type

Book Built Issue

Price Band

₹82 to ₹87 per share

Minimum Lot Size

1600 Shares

Retail Investor Minimum Investment

₹139,200

HNI Minimum Investment

2 Lots (3,200 shares) - ₹278,400

Listing Exchange

NSE SME

Market Maker

Hem Finlease

Lead Manager

Hem Securities Limited

Registrar

Link Intime India Private Ltd

Purpose of the IPO:

The IPO proceeds will be utilized for:

  • Business expansion: To enhance manufacturing capabilities and increase production.
  • Debt repayment: Reducing existing financial liabilities to strengthen the balance sheet.
  • Working capital requirements: Improving liquidity to support daily operations and future growth plans.

Timeline of Unilex Colour & Chemical IPO

Event

Date

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

5 PM on September 27, 2024

Pricing and Lot Size of Unilex Colour & Chemical IPO

Details

Information

Face Value

₹10 per share

Price Band

₹82 to ₹87 per share

Minimum Lot Size and Application Details

Investor Category

Lots

Shares

Investment Amount

Retail (Minimum)

1

1600

₹139,200

Retail (Maximum)

1

1600

₹139,200

HNI (Minimum)

2

3,200

₹278,400

Investors can bid in multiples of 1600 shares, allowing investment flexibility based on the category they fall under.

How to Apply for the Unilex Colour & Chemical IPO?

Online Application Process:

  • Visit the Bajaj Broking website or app.
  • Navigate to the IPO section and select 'Unilex Colour & Chemical IPO'.
  • Enter your details, select the number of shares and lot size.
  • Complete the application using UPI or ASBA for payment.

Financial Health and Performance

Key Financial Metrics:

  • Sales (FY2024): ₹143 crores.
  • Sales (FY2023): ₹139 crores.
  • Sales (FY2022): ₹145 crores.
  • Total Income (FY2024): ₹149 crores.
  • Total Expenditure (FY2024): ₹140 crores.
  • EBIT (FY2024): ₹9 crores.
  • Net Profit (FY2024): ₹6 crores.

Recent Performance and Growth Prospects:

  • Revenue Growth: The company's revenue has remained stable, with slight fluctuations from ₹145 crores in FY2022 to ₹143 crores in FY2024.
  • Profitability: Net profit increased from ₹4 crores in FY2023 to ₹6 crores in FY2024, reflecting an improvement in operational efficiency.
  • Growth Drivers: The company is set to benefit from expanded production capacity and increasing demand in both domestic and international markets.
  • Expenditure Management: Effective control over expenditure has led to a positive EBIT growth, strengthening the company’s financial position.

Investment Risks and Opportunities

Potential Risks:

  • Market demand fluctuations could impact profitability.
  • Currency fluctuations may affect international revenues.
  • High competition in the pigment industry.

Opportunities:

  • Strong demand from various sectors like textiles and plastics.
  • Plans to expand manufacturing facilities and international reach.
  • Increasing investments in R&D for better quality pigments.

Key Performance Indicator (KPI)

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

 

Unilex Colour & Chemical IPO Registrar

Registrar

Contact Information

Link Intime India Pvt Ltd

unilex.smeipo@linkintime.co.in

Contact Person: Shanti Gopalkrishnan

Tel: +91-8108114949

Unilex Colour & Chemical IPO Lead Managers

Lead Manager

Contact Information

Hem Securities Limited

ib@hemsecurities.com, +91-22-49060000

Unilex Colour & Chemical IPO Subscription Details

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%)

The IPO offers a total of 36 lakh shares, allocated across different investor categories, ensuring broad participation in the issue

Conclusion

The Unilex Colour & Chemical IPO presents an opportunity for investors to participate in a public offering from a company operating in the pigments sector. With a clear allocation of shares across investor categories and defined objectives for the use of funds, this IPO allows potential investors to evaluate the company’s financial performance and market position before deciding.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Frequently Asked Questions

What is the Unilex Colour & Chemical IPO and why is it significant?

Answer Field

The Unilex Colour & Chemical IPO is an initial public offering that aims to raise ₹31.32 crores through a fresh issue of 3,600,000 shares. The funds will be used for business expansion, working capital, and debt repayment, marking a significant growth phase for the company.

What is the price band for the Unilex Colour & Chemical IPO, and how was it determined?

Answer Field

The price band for the Unilex Colour & Chemical IPO is set between ₹82 and ₹87 per share. This range is determined based on consultations between the company and the book running lead manager, Hem Securities, while assessing market demand.

What are the key risks and rewards of investing in the Unilex Colour & Chemical Ltd IPO?

Answer Field

Investing in the Unilex Colour & Chemical IPO involves risks such as market volatility and industry competition. However, the company’s growth potential, expansion plans, and strategic use of IPO funds could offer long-term rewards for investors.

When will the Unilex Colour & Chemical IPO shares be listed?

Answer Field

The Unilex Colour & Chemical IPO shares are expected to list on the NSE SME platform after the completion of the allotment process. The tentative listing date is October 3, 2024.

What documents should I review before investing in the Unilex Colour & Chemical IPO?

Answer Field

Before investing, review the Red Herring Prospectus (RHP), company financial statements, and risk factors. These documents provide critical insights into the company’s performance, strategy, and potential risks.

Will Unilex Colour & Chemical IPO pay dividends?

Answer Field

Dividend payments post-IPO depend on the company's profitability and board decisions. Review the company’s past dividend policy and performance in the Red Herring Prospectus for guidance.

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