Unilex Colours and Chemicals’ IPO is a book-built issue valued at Rs 31.32 crores. The entire issue consists of a fresh offering of 36 lakh shares.
The subscription for the Unilex Colours and Chemicals IPO opens on September 25, 2024, and closes on September 27, 2024. The allotment of shares is expected to be finalized on Monday, September 30, 2024. The company is set to list on the NSE SME, with a tentative listing date scheduled for Thursday, October 3, 2024.
Unilex Colours and Chemicals Limited operates in the chemical manufacturing sector, specializing in the production and trading of pigments, chemicals, and food dyes. Their products are used in various industries, including plastics, rubber, textiles, paper, printing inks, paints, and coatings.
The price band for the Unilex Colours and Chemicals IPO is set between ₹82 and ₹87 per share. Investors are required to apply for a minimum lot size of 1,600 shares, which requires a minimum investment of ₹139,200 for retail investors. High-net-worth individuals (HNIs) must invest in at least 2 lots (3,200 shares), amounting to ₹278,400.
Hem Securities Limited is the book-running lead manager for the Unilex Colours and Chemicals IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for the IPO is Hem Finlease.
Unilex Colours and Chemicals IPO Details:
| Company Name | Unilex Colours and Chemicals Limited |
| Sector | Chemical Manufacturing |
| IPO Type | SME |
| IPO Open date | 25th Sep 2024 |
| IPO Close date | 27th Sep 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Unilex Colours and Chemicals IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | 1,39,200 |
| HNI (Min) | 2 | 3200 | 2,78,400 |
Unilex Colours and Chemicals IPO Timeline:
| IPO Open Date | 25th Sep 2024 |
| IPO Close Date | 27th Sep 2024 |
| Basis of Allotment | 30th Sep 2024 |
| Refund Initiation Date | 01st Oct 2024 |
| Shares Credit to Demat | 01st Oct 2024 |
| Listing Date | 03rd Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Unilex Colours and Chemicals’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Chemical Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Unilex Colours and Chemicals and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
