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
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 681600 | 10620800 | 15.58 |
| NIB | 512000 | 31564800 | 61.65 |
| RETAIL | 1193600 | 47456000 | 39.76 |
| Total | 2387200 | 89641600 | 37.55 |
| Retail Apps | 29660 | © 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 |
Unilex Colours and Chemicals IPO Details
| 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 Hem Finlease |
Unilex Colours and Chemicals 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 |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 17.90% | 16.54% | 17.98% |
| ROCE | 6.32% | 4.95% | 27.64% |
| RONW | 16.73% | 15.52% | 16.79% |
| D/E | 0.59 | 0.36 | 0.4 |
| EPS (basic) | 6.16 | 4.96 | 4.7 |
| 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.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 9,068.35 | 7,072.31 | 7,669.84 | |||||||||||||||||||||||||||
| Revenue | 14,932.88 | 14,441.84 | 15,156.73 | |||||||||||||||||||||||||||
| Profit | 616.67 | 497.07 | 471.17 | |||||||||||||||||||||||||||
| Net Worth | 3,686 | 3,202.89 | 2,805.98 | |||||||||||||||||||||||||||
| Reserves | 2,684.3 | 2,868.99 | 2,472.08 | |||||||||||||||||||||||||||
| Borrowing | 2,161.4 | 1,166.83 | 1,135.09 | |||||||||||||||||||||||||||
| 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.
Hem Securities Limited
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.
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.
Phone: +91-22-4918 6270
Website: https://linkintime.co.in/initial_offer/public-issues.html