Unilex Colours and Chemicals
Listed
Listed
IPO Timeline
Issue open date
25 Sep 2024Issue close date
27 Sep 2024UPI mandate deadline
27 Sep 2024Allotment finalization
30 Sep 2024Refund initiation
1 Oct 2024Share credit
1 Oct 2024Listing date
3 Oct 2024Mandate end date
12 Oct 2024Lock-in end date for anchor investors (50%)
30 Oct 2024Lock-in end date for anchor investors (remaining)
29 Dec 2024Key Dates
Open
25 Sep 2024Close
27 Sep 2024Listing
3 Oct 2024Quick Stats
Issue Size:31cr
Lot Size:1600 shares
About the Company
Incorporated in 2001, Unilex Colours and Chemicals Limited is involved in the manufacturing of pigments and trading of chemicals and food colours, serving both domestic and international markets under the brand name “Unilex.” The company’s product range covers pigments such as Pigment Green, Pigment Violet, Ultramarine Blue, and Azo pigments, along with food colours like Tartrazine and Sunset Yellow. Its manufacturing facility in Palghar, Maharashtra, holds ISO 9001:2015 certification for quality management. The company exports to markets in countries including Vietnam, Brazil, Mexico, Russia, Turkey, and the Netherlands.
Strengths
- Long-term relationships with customers across various industries and geographies help mitigate risks related to customer concentration.
- Offers a variety of products through both in-house manufacturing and market sourcing, providing flexibility and a wide selection.
- Serves multiple industries, including plastics, textiles, paints, coatings, and printing inks, which helps reduce dependency on any single industry.
Risks
- The company’s heavy reliance on the top five products means a drop in demand or competition could impact overall revenue.
- The company derives significant revenue from major customers without long-term agreements, which could hurt business if orders are reduced or canceled.
- The group company operating in the same industry without a non-compete agreement poses potential conflicts of interest that could affect the company’s competitiveness.
- A significant portion of revenue comes from exports, leaving the company vulnerable to international trade risks and market changes.
- Dependence on third-party suppliers without long-term contracts increases the risk of supply disruptions and cost fluctuations.
Unilex Colours and Chemicals IPO – Frequently Asked Questions
- The Unilex Colours and Chemicals IPO opens on September 25, 2024 and closes on September 27, 2024.
- The tentative listing date for the Unilex Colours and Chemicals IPO is October 3, 2024.
- You can apply for the Unilex Colours and Chemicals IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Unilex Colours and Chemicals, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Unilex Colours and Chemicals IPO is 1600 shares. Investors must apply for at least one lot (i.e., 1600 shares).