Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Mehul Colours IPO
Mehul Colours Ltd
₹1,08,800 /1600 sharesMinimum Investment
Mehul Colours IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹72.00 | ₹85.00 | ₹13.00 (18.06%) |
Mehul Colours IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 30 Jul ‘25 - 1 Aug ‘25 | ₹2,17,600 | 1,600 | ₹68 - ₹72 |
| Issue Size | IPO Doc |
|---|---|
| 21.66Cr | RHP PDF |
Subscription rate
As of 01 Aug'25, 05:00 PM
| Qualified Institutional Buyers | 13.54x |
| Non-Institutional Investor | 11.27x |
| Retail Individual Investor | 3.48x |
| Total | 5.34x |
About Mehul Colours
Founded in
1995
Managing director
Mr. Mehul Pravinchandra Joshi
Parent organisation
Mehul Colours Ltd
Strengths & Financials of Mehul Colours
Strengths
Risks
The company is ISO 9001:2015 certified for quality management systems.
In FY25, the company claimed that it supplied its masterbatches to more than 500 customers.
The company claims to operate an in-house research & development (R&D) and testing facility equipped with the necessary instruments for quality control, product testing, and development.
The company states that over time, it has built long-term relationships with several customers, which have led to repeat orders and continued business partnerships.
Over the years, the company has observed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 21.18 crore in FY23 to Rs 21.94 crore in FY24 to Rs 22.82 crore in FY25. PAT increased from Rs 2.94 crore in FY23 to Rs 3.22 crore in FY24 and Rs 5.50 crore in FY25.
The company derives a significant portion of its revenue from the sale of masterbatches. Masterbatches accounted for Rs 19.21 crore (84.17 percent) of the company’s total revenue in FY25, Rs 18.05 crore (82.29 percent) in FY24 and Rs 16.78 crore (79.23 percent) in FY23. Any adverse developments in the manufacturing process of masterbatches or a decline in sales could negatively impact the company’s operations and financial performance.
The company’s top 10 customers accounted for 48.19 percent of the company’s total revenue in FY25, 49.99 percent in FY24, and 56.38 percent in FY23. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
The company’s top 10 suppliers accounted for Rs 6.89 crore (65.76 percent) of the company’s total purchases in FY25, Rs 9.65 crore (75.42 percent) in FY24 and Rs 7.64 crore (64.79 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company operates through two manufacturing facilities located in Palghar District, Maharashtra. Any disruption or shutdown of operations due to adverse developments at these locations could negatively impact the company’s business and financial health.
The company derives a major portion of its revenue from a few regions in India, specifically Maharashtra, Gujarat, and Dadra & Nagar Haveli. Maharashtra accounted for Rs 8.84 crore (38.73 percent) of the company’s total revenue in FY25, Rs 6.10 crore (27.81 percent) in FY24 and Rs 4.70 crore (22.20 percent) in FY23. Gujarat accounted for Rs 3.44 crore (15.06 percent) of the company’s total revenue in FY25, Rs 4.27 crore (19.45 percent) in FY24 and Rs 5.53 crore (26.13 percent) in FY23. Dadra & Nagar Haveli accounted for Rs 4.43 crore (19.41 percent) of the company’s total revenue in FY25, Rs 3.85 crore (17.56 percent) in FY24 and Rs 5.29 crore (25.00 percent) in FY23. Any disruption in these states could negatively impact the company’s operations and finances.
The company has observed a significant increase in its trade receivables. It increased to Rs 5.55 crore in FY25 from Rs 3.39 crore in FY24. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
Mehul Colours does not own its current manufacturing units, warehouse, sales depot, or registered office. These premises are operated on leased properties. Any issues such as non-renewal of lease agreements or disputes over the use of these properties could hit the company’s operations and financial performance.
The company and its directors are involved in certain ongoing legal proceedings, which include some tax-related cases. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Mehul Colours Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Mehul Colours IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹68 - 72 | ₹2 - 5 Lakh |
| High Networth Individual | ₹68 - 72 | ₹2 - 5 Lakh |
For Mehul Colours IPO, eligible investors can apply as Regular.