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Unilex Colours and IPO
Price Band
₹82.0–87.0
Issue Size
₹31.32 Cr
Lot Size
1,600 shares
Min Investment
₹139,200
GMP
+₹4.0 (4.6%)
Issue Price
₹87.0
Subject to Sauda
₹4900
Paid only if allotted
Unilex Colours and IPO AI Summary
- Unilex Colours and IPO is listed on NSE SME in the Dyes And Pigments sector.
- Price band: ₹82.0–₹87.0 per share, lot size 1,600 shares (min. investment ₹139,200).
- Subscription window: 25 Sep–27 Sep 2024, listing on 03 Oct 2024.
- Current GMP is +₹4.0 (4.6%), an estimated listing price of ₹91 — unofficial and can change daily.
Unilex Colours and Chemicals Limited is set to launch its IPO with a price band of ₹82.0 to ₹87.0. The company has shown a positive trend in profitability and has a diverse product range in the dyes and pigments sector. 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.
Unilex Colours and IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Sep 2024 — 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
Unilex Colours and IPO Grey Market Premium (GMP) Today
GMP
+₹4.0
GMP %
+4.6%
Est. Listing
₹91.0
Updated: 25 Jul 2026 14:03
About the Company
Incorporated in March 2001, Unilex Colours and Chemicals Limited manufactures pigments, trades chemicals, and manufactures food colours. The company markets its products under the registered brand name “Unilex,” catering to both domestic and international markets. They provide a wide range of pigment solutions for various industries. The company's manufacturing unit in Palghar, Maharashtra spans 1275 sq. meters and is equipped with various machines including Ball Mill, Root Blower, Silo, Reaction Steel Vessel, Brick Lined Vessel, Rubber Lined Vessel, Drying Vessel, Spin Flash Dryer, Ribbon Blender, Air Classifier Mill, Air Blender, and Filter Press. The company's manufacturing facility is certified with ISO 9001:2015 for quality management in the production of pigments, food dyes, and drug intermediates. The company's manufacturing revenue for fiscal 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. The company's product portfolio includes a wide range of pigments, including Pigment Green -7, Pigment Middle Chrome, Pigment Violet 23 & 27, and Ultramarine Blue, which are sourced from various third-party manufacturers to meet the specific requirements of its clients. The company's products are exported to various countries including Vietnam, Brazil, Mexico, Nigeria, Russia, Turkey, the Netherlands, Poland, China, Spain, Malaysia, Thailand, the United Arab Emirates, and Uzbekistan. The company offers multi-layer paper bags, corrugated boxes, HDPE and HDPE-coated bags, multi-layer liners and HM covers, wooden pallets, and jumbo bags. As of March 31, 2024, the company's product portfolio comprises more than 100 products. As of March 31, 2024, the company has 25 contract laborers and 54 employees on the payroll at the manufacturing unit.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 90.68 | 70.72 | 76.70 |
| Total Income | 149.33 | 144.42 | 151.57 |
| Profit After Tax | 6.17 | 4.97 | 4.71 |
| NET Worth | 36.86 | 32.03 | 28.06 |
| Reserves and Surplus | 26.84 | 28.69 | 24.72 |
| Total Borrowing | 21.61 | 11.67 | 11.35 |
Key Ratios
EPS
₹6.16
NAV
₹36.80
ROE
17.93%
ROCE
6.32%
RoNW
16.73%
P/E Ratio
14.13
Market Cap
₹118.47 Cr
PAT Margin
4.29%
Debt/Equity
0.59
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Sudarshan Chemical Industries Ltd. | 30.29% | 18.62 | 48.4 | 48.4 |
| Kesar Petroproducts Ltd. | 3.99% | 36.51 | 0.51 | 0.51 |
| Unilex Colours and Chemicals Limited This IPO | 16.73% | — | 6.16 | 6.16 |
Promoters
Purushottam Brijlal Sharma, Narendra Parameswarappa Kotehall, Aditya Sharma, Manojkumar Shyamsunder Sharma, Rohit Krishnakumar Sharma and Kabir Radheyshyam Sharma
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 To Meet Working Capital Requirements 15.00 2 Repayment of a portion of certain borrowing availed by our Company 10.00 3 General Corporate Purpose 3.06
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹151.57 Cr in the year ending 31 Mar 2022, decreasing to ₹144.42 Cr by 31 Mar 2023, and rising again to ₹149.33 Cr by 31 Mar 2024. This indicates some fluctuation in revenue over the periods.
Profit Trend
Profit After Tax was ₹4.71 Cr in the year ending 31 Mar 2022, increasing to ₹4.97 Cr by 31 Mar 2023, and further rising to ₹6.17 Cr by 31 Mar 2024. This shows a positive trend in profitability over the reported periods.
Valuation
The company's EPS is ₹6.16. At the issue price of ₹87, this implies a P/E ratio of approximately 14.13. Comparatively, peers like Sudarshan Chemical Industries Ltd. have a P/E of 18.62, while Kesar Petroproducts Ltd. has a P/E of 36.51.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the price at which shares are expected to trade in the grey market before they are officially listed. A positive GMP suggests that the market anticipates a higher listing price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their financial goals and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs, as they can be subject to significant price fluctuations in the short term.
IPO Timeline, Explained
The IPO opens on September 25, 2024, and closes on September 27, 2024. Allotments will be finalized by September 30, 2024, with shares expected to list on October 3, 2024.
Listing Gains — The Risk
Listing gains can be unpredictable. While some IPOs may experience a surge on their first day of trading, others may not perform as well. Investors should be prepared for the possibility of price volatility.
This evaluation is generated from Unilex Colours and'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 Unilex Colours and IPO GMP today?
Unilex Colours and IPO GMP today is +₹4.0 (4.6%), indicating an estimated listing price of ₹91. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Unilex Colours and IPO?
The price band of Unilex Colours and IPO is ₹82.0–₹87.0 per share.
When does Unilex Colours and IPO open and close?
Unilex Colours and IPO opens on 25 September 2024 and closes on 27 September 2024.
When does Unilex Colours and IPO list on the stock exchange?
Unilex Colours and IPO listed on 03 October 2024 at ₹91.0.
What is the lot size for Unilex Colours and IPO?
The lot size for Unilex Colours and IPO is 1600 shares, requiring a minimum investment of ₹139,200.
What is the price band for the IPO?
The price band for the IPO is ₹82.0 to ₹87.0.
What is the minimum investment required?
The minimum investment required is ₹139,200.
What is the lot size for the IPO?
The lot size for the IPO is 1,600 shares.
When is the listing date?
The listing date is October 3, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price at which shares will trade in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Sep 2024
Close
27 Sep 2024
Allotment
30 Sep 2024
Listing
03 Oct 2024
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