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Mehul Colours IPO
Price Band
₹68.0–72.0
Issue Size
₹21.66 Cr
Lot Size
1,600 shares
Min Investment
₹230,400
2 LOTS MIN
GMP
+₹11.0 (15.28%)
Issue Price
₹72.0
Subject to Sauda
₹13400
Paid only if allotted
Mehul Colours IPO AI Summary
- Mehul Colours IPO is listed on BSE SME in the Specialty Chemicals sector.
- Price band: ₹68.0–₹72.0 per share, lot size 1,600 shares (min. investment ₹230,400, 2 lots minimum).
- Subscription window: 30 Jul–01 Aug 2025, listing on 06 Aug 2025.
- Current GMP is +₹11.0 (15.28%), an estimated listing price of ₹83 — unofficial and can change daily.
Mehul Colours & Masterbatches Pvt. Ltd. is set to enter the market with an IPO priced between ₹68.0 and ₹72.0. The company has shown consistent revenue and profit growth over the past few years, supported by its strong manufacturing capabilities and diverse customer base. Investors should consider the company's fundamentals and market conditions when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Mehul Colours IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 01 Aug 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Mehul Colours IPO Grey Market Premium (GMP) Today
GMP
+₹11.0
GMP %
+15.28%
Est. Listing
₹83.0
Updated: 25 Jul 2026 14:13
About the Company
Incorporated in 1995, Mehul Colours & Masterbatches Pvt. Ltd., is engaged in the manufacturing and exporting of masterbatches in India. The company offers a diverse range of products, including white, black, color, and additive masterbatches, catering to various applications in plastics, rubbers, and elastomers. The company's operates two facilities in Tungareshwar Industrial Estate, Vasai East, Mumbai, with capacities of 10,56,000 kg and 2,28,000 kg, each covering 3,200 sq. ft. of built-up area. Products Offering: Masterbatches: They produces masterbatches—pigment and additive mixtures in polymers—for uniform color and enhanced properties like UV resistance, flame retardancy, and anti-static behavior in plastic products. Pigments: They manufactures pigments—organic for bright, vivid colors and inorganic for durability and heat resistance—used in plastics for uniform coloration, stability, and resistance in various industries. As of June 30, 2025, the company had a total of 32 permanent employees in the Company. Competitive Strengths: In-house manufacturing facilities with integrated testing & R&D capabilities Well diversified customer base spread across various industries & geography Long term relationship with the customers Experienced Promoters with Industry Expertise
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 18.95 | 13.87 | 10.82 |
| Total Income | 23.71 | 22.66 | 21.37 |
| Profit After Tax | 5.50 | 3.22 | 2.94 |
| EBITDA | 6.88 | 4.18 | 3.97 |
| NET Worth | 17.06 | 11.56 | 8.36 |
| Reserves and Surplus | 9.52 | 11.27 | 8.07 |
| Total Borrowing | 0.36 |
Key Ratios
EPS
₹7.30
NAV
₹22.62
ROE
38.46%
ROCE
43.53%
RoNW
32.26%
P/B Value
4.70
P/E Ratio
9.87
Market Cap
₹75.95 Cr
PAT Margin
24.11%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Deep Polymers Ltd | 38.47 | 5.75% | 25.68 | 2.13 | 2.13 |
| Polylink Polymers India Ltd | 13.52 | 7.13% | 28 | 0.96 | 0.96 |
| Mehul Colours Limited This IPO | 22.62 | 32.26% | — | 7.3 | 7.3 |
Promoters
Mehul Pravinchandra Joshi and Bhakti Mehul Joshi
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of capital expenditure towards setup of a new manufacturing facility 14.63 2 Funding of Working Capital Requirements 4.00 3 General Corporate Purposes 0.21 4 Issue Expenses 5.53 Total 24.38
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹21.37 Cr in the year ending 31 Mar 2023, rising to ₹22.66 Cr by 31 Mar 2024, and further increasing to ₹23.71 Cr by 31 Mar 2025.
Profit Trend
Profit After Tax was ₹2.94 Cr for the year ending 31 Mar 2023, increasing to ₹3.22 Cr by 31 Mar 2024, and reaching ₹5.50 Cr by 31 Mar 2025.
Valuation
At the issue price of ₹72.0, Mehul Colours has an implied P/E ratio of 9.87 based on its earnings per share (EPS) of ₹7.30. In comparison, peers are trading at P/E ratios ranging from 25.68 to 28.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before its official listing. A positive GMP suggests that the market anticipates a higher listing price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's fundamentals, market conditions, and their own investment strategy.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs that involve higher volatility and uncertainty.
Listing Gains — The Risk
Listing-day gains can be unpredictable. Factors such as market sentiment, demand for the stock, and overall market conditions can influence the stock's performance on its first day of trading. Investors should be prepared for the possibility of both gains and losses.
This evaluation is generated from Mehul Colours's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Mehul Colours IPO GMP today?
Mehul Colours IPO GMP today is +₹11.0 (15.28%), indicating an estimated listing price of ₹83. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Mehul Colours IPO?
The price band of Mehul Colours IPO is ₹68.0–₹72.0 per share.
When does Mehul Colours IPO open and close?
Mehul Colours IPO opens on 30 July 2025 and closes on 01 August 2025.
When does Mehul Colours IPO list on the stock exchange?
Mehul Colours IPO listed on 06 August 2025 at ₹83.0.
What is the lot size for Mehul Colours IPO?
The lot size for Mehul Colours IPO is 1600 shares, requiring a minimum investment of ₹230,400 (2 lots).
What is the price band for Mehul Colours IPO?
The price band for Mehul Colours IPO is ₹68.0 to ₹72.0.
What is the minimum investment required?
The minimum investment required is ₹230,400.0.
What is the lot size for the IPO?
The lot size for the IPO is 1600 shares.
When is the listing date for Mehul Colours?
The listing date for Mehul Colours is on 6th August 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Jul 2025
Close
01 Aug 2025
Allotment
04 Aug 2025
Listing
06 Aug 2025
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