Unilex Colours and Chemicals Limited (NSE SME)

Sep 25, 2024 - Sep 27, 2024

Price ₹82 - ₹87
Premium ₹4
Lot size 1600
Allotment Sep 30, 2024
Listing Oct 3, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 1600 139200 746
HNI 2 3200 278400 320

Last updated on 27-Sep-2024 19:56:13

CategoryOfferedAppliedTimes
QIB6816001062080015.58
NIB5120003156480061.65
RETAIL11936004745600039.76
Total23872008964160037.55
Retail Apps29660© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹7.2
@8%
₹8.23
@9%
₹9.26
@10%
₹10.29
@11%
₹11.31
@12%
₹12.34
About

Unilex Colours and Chemicals IPO Details

Issue Size3,600,000 shares
(aggregating up to ₹31.32 Cr)
Fresh Issue3,600,000 shares
(aggregating up to ₹31.32 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue10,017,000
Share holding post issue13,617,000
Market Maker portion192,000 shares
Hem Finlease

Unilex Colours and Chemicals IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net Issue
Retail Shares OfferedNot less than 35.00% of the Net Issue
NII (HNI) Shares OfferedNot more than 15% of the Net Issue

Key Performance Indicator

KPIMar-24Mar-23Mar-22
ROE17.90%16.54%17.98%
ROCE6.32%4.95%27.64%
RONW16.73%15.52%16.79%
D/E0.590.360.4
EPS
(basic)
6.164.964.7
P/E
Pre IPO
14.13
P/E
Post IPO
19.21

Company Financials

Unilex Colours and Chemicals Limited Financial Information (Restated Consolidated)

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.

PeriodMar 2024Mar 2023Mar 2022
Assets9,068.357,072.317,669.84
Revenue14,932.8814,441.8415,156.73
Profit616.67497.07471.17
Net Worth3,6863,202.892,805.98
Reserves2,684.32,868.992,472.08
Borrowing2,161.41,166.831,135.09
Amount in ₹ Lakhs

About Company

Incorporated in March 2001, Unilex Colours and Chemicals Limited manufactures pigments, trades chemicals, and produces food colors under the registered brand name "Unilex," serving both domestic and international markets. The company operates a 1,275 sq. meter manufacturing unit in Palghar, Maharashtra, equipped with advanced machinery including Ball Mills, Ribbon Blenders, Spin Flash Dryers, and more. Certified with ISO 9001:2015 for quality management, the company produces pigments, food dyes, and drug intermediates. Its manufacturing revenue for fiscal years 2024, 2023, and 2022 was ₹6,652.17 lakhs, ₹7,455.21 lakhs, and ₹8,487.51 lakhs, contributing 46.24%, 53.48%, and 58.42% of the total revenue, respectively. Unilex offers over 100 products, including Pigment Green-7, Pigment Violet 23 & 27, and Ultramarine Blue, which are sourced from third-party manufacturers. The company's products are exported to countries such as Vietnam, Brazil, Russia, and Spain, with packaging options ranging from multi-layer paper bags to jumbo bags. As of March 31, 2024, the company employs 54 staff members and 25 contract laborers.

Lead Manager(s)

Hem Securities Limited

Strength

Strong Customer Relationships: Long-standing relationships with a diverse customer base across multiple geographies ensure consistent demand and growth.

Diverse Product Portfolio: Offering a wide range of pigments, chemicals, and food colors provides flexibility and meets various market needs.

Multi-Industry Focus: The company serves a broad spectrum of industries, enhancing its resilience and reducing dependency on any single sector.

Weakness

Revenue Concentration: A significant portion of revenue comes from the top five products, making the company vulnerable to any decline in demand or loss of customers for these products.

Dependence on Third-Party Suppliers: Reliance on external vendors for product supply, without long-term contracts, could lead to delays or disruptions, affecting profitability and reputation.

Manufacturing Risks: Any slowdown, shutdown, or labor-related issues at the manufacturing facilities could adversely impact business operations and financial results.