Unilex Colours and Chemicals Limited IPO

Unilex Colours and Chemicals Limited IPO opens on September 25, 2024, and closes on September 27, 2024. The allotment for the Unilex Colours and Chemicals IPO is expected to be finalized on Monday, September 30, 2024. Unilex Colours and Chemicals IPO will list on NSE SME with a tentative listing date fixed as Thursday, October 3, 2024.

Unilex Colours and Chemicals IPO price band is set at ₹82 to ₹87 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹139,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹278,400.

Unilex Colours and Chemicals IPO is a book built issue of Rs 31.32 crores. The issue is entirely a fresh issue of 36 lakh shares.

Unilex Colours and Chemicals IPO Details

Unilex Colours and Chemicals IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI regarding shares and amounts.

Unilex Colours and Chemicals IPO Objectives

The company intends to utilize the proceeds of the Issue to meet the following objectives:

1. To Meet Working Capital Requirements;
2. Repayment of a portion of certain borrowing availed by the company;
3. General Corporate Purpose.

About Unilex Colours and Chemicals Limited

Unilex Colours and Chemicals Limited, established in March 2001, specializes in the manufacture of pigments, chemical trading, and food color production under the brand name “Unilex.” With a manufacturing facility in Palghar, Maharashtra, covering 1,275 sq. meters, the company is equipped with advanced machinery including Ball Mills and Spin Flash Dryers, and holds ISO 9001:2015 certification for quality management in producing pigments, food dyes, and drug intermediates. In fiscal 2024, manufacturing revenue reached ? 6,652.17 lakhs, representing a decline from? 8,487.51 lakhs in 2022, while still comprising a significant portion of total revenue. Unilex’s extensive product portfolio features over 100 items, including Pigment Green -7 and Ultramarine Blue, sourced from various third-party manufacturers. The company exports to multiple countries, including Vietnam, Brazil, and Spain, and offers a variety of packaging solutions such as multi-layer paper bags and jumbo bags. As of March 31, 2024, the workforce includes 54 employees and 25 contract laborers, enhancing operational efficiency.

Unilex Colours and Chemicals Limited Financial Information

Unilex Colours and Chemicals IPO Reservation

Unilex Colours and Chemicals IPO Timeline

Unilex Colours and Chemicals IPO opens on September 25, 2024, and closes on September 27, 2024.