Unilex Colours and Chemicals IPO
Unilex Colour & Chemical Ltd
₹1,31,200 /1600 sharesMinimum investment
IPO details
Minimum investment
₹1,31,200
Subscription rate
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Total16.35x
As of 27 Sep'24, 04:00 PM
Schedule
27 Sep 2024IPO close date
30 Sep 2024Allotment date
3 Oct 2024Tentative listing date
Unilex Colours and Chemicals is a manufacturer and trader of pigments, chemicals, and food colours. The company’s pigments are used in industries such as plastics, rubber, textiles, paper, printing inks, paints, and coatings. The products are sold under the brand name ‘Unilex’.
The company trades in various pigments like Pigment green 7, middle chrome, lemon chrome, pigment violet 3, 23, and 27, ultramarine blue, as well as azo pigments such as red 57:1, 53:1, orange 5, 13, and yellow 12, 13, 14. It also offers food colours, including tartrazine, sunset yellow, allura red, ponceau 4R, carmoisine, and brilliant blue, which the company sources from third-party manufacturers.
The company also provides packaging options such as multilayer paper bags, corrugated boxes, HDPE and HDPE-coated bags, multi-layer abetted liners, HM covers, wooden pallets, and jumbo bags.;
Parent organisation
Unilex Colour & Chemical Ltd
Unilex Colours and Chemicals Financials
Revenue
Total Assets
Profit
The company's manufacturing facility claims to be equipped with various machines, such as a ball mill, root blower, silo, reaction steel vessel, brick-lined vessel, rubber-lined vessel, spin flash dryer, ribbon blender, air classifier mill, air blender, and filter press.
The manufacturing facility is ISO 9001:2015 certified for quality manufacturing systems.
The company claims to invest in research and development (R&D) to enhance its product offerings, regularly upgrading its technology and in-house capabilities.
While Unilex produces and sells a wide range of pigments, it also sources additional pigments from other manufacturers to meet the diverse needs of its clients.
The company has seen a consistent increase in profit after tax (PAT) over the past few years. PAT increased from Rs 4.71 crore in FY22 to Rs 4.97 crore in FY23 to Rs 6.17 crore in FY24.
A major portion of the company’s revenue is dependent on its top 5 products (Pigment blue 15:3, green 7, blue 15:4, blue 15:0, and blue 15:1). These products contributed Rs 93.71 crore (65.15%), Rs 104.98 crore (75.31%), and Rs 116.12 crore (79.94%) in FY24, FY23, and FY22, respectively, to revenue from operations. Any loss of customers, a decrease in demand for these products, or any disruption in its production processes can negatively impact the company’s operations and finances.
The company's operations depend on its manufacturing facility in Palghar, Maharashtra. Any disruption in the functioning of the facility can be detrimental to the company’s production capabilities and financial performance.
A significant portion of revenue comes from the top 10 customers, who contributed 34.08% in FY24, 31.59% in FY23, and 36.66% in FY22. Since there are no long-term contracts with these customers, the loss of any key customer could adversely affect the company's business.
The majority of the company's revenue is derived from exports. Exports contributed Rs 114.27 crore (79.44%), Rs 123.20 crore (88.39%), and Rs 128.41 crore (88.39%) in FY24, FY23, and FY22 to the revenue from operations, respectively. Any adverse changes in global political or economic conditions can adversely affect the company’s exports and, consequently, its finances.
The company is involved in ongoing legal tax proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of March 31, 2024, the company had outstanding borrowings totalling Rs 21.61 crore. Any inability to repay or service the loans can harm the company’s financial standing.
Application details
For Unilex Colours and Chemicals IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|
| Regular | ₹82 - ₹87 | ₹2 - ₹5 Lakhs | 1600 |
| High Networth Individual | ₹82 - ₹87 | ₹2 - ₹5 Lakhs | 1600 |
Frequently Asked Questions