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21 September 2024

Unilex Colors and Chemicals Limited IPO, GMP, Details, Price, And Review

Unilex Colors and Chemicals Limited is a business engaged in manufacturing and trading food colours and pigments catering to international and national market needs. Their manufactured pigments find diverse applications across industries like rubber, plastic, paper, textiles, paints, printing inks, and coatings. The company specializes in Pigment 15:3 and 15:4 manufacturing, offering solutions to cater to the needs of varied industries. Its annual production capacity is 1878 mtpa, and the products are marketed under its registered brand name, Unilex.

Spread across 1275 sq. meters of land, Unilex Colors and Chemicals Limited’s manufacturing facility is at MIDC- Tarapur, Palghar, Maharashtra. It is equipped with varied machines like Root Blower, Ball Mill Machine, Silo, Brick Lined Vessel, Reaction Steel Vessel, Rubber Lined Vessel, Spin Flash Dryer, Air Classifier Mill Machine, Ribbon Blender, Drowning Vessel, Filter Press Machine, Air Blender, etc.

Unilex Colors and Chemicals IPO Overview:

● Issue Size: ₹31.32 crores
● Type of Issue: Fresh issue of equity shares
● Total Shares Offered: 36 lakh shares

Key Dates

● Subscription Opens: September 25, 2024
● Subscription Closes: September 27, 2024

Price Band

● Price Range: ₹82 to ₹87 per share
● Minimum Lot Size: 1,600 shares

Management Team

● Book Running Lead Manager: Hem Securities Limited
● Registrar: Link Intime India Private Ltd
● Market Maker: Hem Finlease

Unilex Colors and Chemicals Limited IPO And GMP

WHAT IS GMP?

GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.

A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.

Unilex Colors and Chemicals Limited IPO GMP

GMP Date	IPO Price	GMP	Last Updated
03-10-2024	87	4 (4.60%)	03-Oct-2024 12:42
01-10-2024	87	11 (12.64%)	01-Oct-2024 12:05
30-09-2024	87	11 (12.64%)	30-Sep-2024 12:15
28-09-2024	87	13 (14.94%)	28-Sep-2024 12:05
27-09-2024	87	13 (14.94%)	27-Sep-2024 12:15
26-09-2024	87	13 (14.94%)	26-Sep-2024 12:35

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**

Unilex Colors and Chemicals IPO Overview

Detail	Description
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
Shareholding pre issue	10,017,000
Shareholding post issue	13,617,000
Market Maker portion	192,000 shares Hem Finlease

Unilex Colors and Chemicals IPO Timeline (Tentative Schedule)

Detail	Description
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 Colors and Chemicals Limited IPO 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 Colors and Chemicals Limited IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not more than 15% of the Net Issue

Unilex Colors and Chemicals IPO Promoter Holding

Share Holding Pre Issue	100.00%
Share Holding Post Issue	73.56%

Company & Financials

Unilex Colors and Chemicals Limited was incorporated in March 2001. The company manufactures and deals in pigments, food colors and chemicals. It markets its products as Unilex, it’s registered brand name and offers wide pigment solutions range for varied industries. The manufacturing unit of the company is well-equipped for production and the facility is certified for quality management with ISO 9001:2015, for the production of food dyes, drug intermediates and pigments.

The portfolio of the company includes a wide pigments range, including,

● Pigment Green-7

● Pigment Middle Chrome

● Pigment Violet 23 & 27

● Ultramarine Blue.

These pigments are sourced from varied 3rd-party manufacturers for meeting varied client requirements. The company's products are exported to varied countries like Mexico, Vietnam, China, Malaysia, the United Arab Emirates, Russia, and more. Furthermore, the company even offers its clients,

● Multilayer paper bags

● Corrugated boxes

● HDPE & HDPE-coated Bags

● Multi-layer liners

● HM covers

● Wooden pallets

● Jumbo bags

Unilex Colors and Chemicals Limited 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

Key Performance Indicator

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

Objectives of Unilex Colors and Chemicals IPO

The company proposes the use of Net Proceeds from the issue towards objectives, including,

● Prepayment/repayment of all or a portion of some loans that have been availed by the company.

● Funding the company’s working capital requirements.

● General corporate purposes.

Unilex Colors and Chemicals IPO Review

● Manufacturing the pigments
● Trading food colours and chemicals

The company operates in a competitive and highly fragmented segment. It posted inconsistency previously; however, it reported boosted profits in FY2024. As per the earnings of the FY24, issues look fully priced. The well-informed investors might park the moderate funds for the medium term.

FAQs for Unilex Colors and Chemicals IPO

Which IPO is being launched by Unilex Colors and Chemicals?

The company is launching an SME IPO that will be listed on the NSE. It is expected to raise ₹31.32 Crores through this. The issue has been priced at ₹82 to ₹87 per equity share.
When does the subscription for Unilex Colors and Chemicals IPO open?

The subscription for the QIB, NII, and Retail Investors opens on September 25, 2024, and closes on September 27, 2024.
What is the issue size of Unilex Colors and Chemicals IPO?

₹31.32 crores is Unilex Colors and Chemicals IPO issue size.
What is the Price Band for Unilex Colors and Chemicals IPO?

₹82 to ₹87 is the Price Band for Unilex Colors and Chemicals IPO.
What is the lot size of Unilex Colors and Chemicals?

1600 Shares with ₹139,200 amount is the lot size.
What is the Allotment date for Unilex Colors and Chemicals IPO?

September 30, 2024, is the allotment date for Unilex Colors and Chemicals IPO.
What is the listing date for Unilex Colors and Chemicals IPO?

October 3, 2024, is the listing date for Unilex Colors and Chemicals IPO. The IPO will be listed on the NSE and BSE.
What is the current GMP of Unilex Colors and Chemicals IPO?

The current GMP of Unilex Colors and Chemicals IPO is 4 (4.60%).