Mehul Colours Ltd IPO

Mehul Colours Ltd IPO

Incorporated in 1995, our company is primarily engaged in the manufacturing of masterbatches, which are used in the plastics industry to impart colour and enhance the functional properties of plastic products. Masterbatches are concentrated mixtures of pigments and additives that are uniformly dispersed in polymer carriers, facilitating the effective integration of colour and performance-enhancing properties into plastic products. During plastic processing, masterbatches enable the uniform dispersion of pigments within the plastic resin, ensuring consistent colour distribution throughout the final plastic product without uneven patches or variations. They are also used to enhance visual appearance and impart specific properties to plastic materials such as UV resistance, flame retardancy and anti-static behavior.

Mehul Colours Ltd IPO Details

Total Shares Offered

₹ 30,08,000

Offer to Public

TBA

Retail Max (Shares)

₹ 10,01,600

Pre Issue Promoters Holding

₹ 73,04,036

Exchange

BSE

Issue size

₹ 21.66 Cr

IPO Open Date

Jul 30, 2025

Close Date

Aug 1, 2025

Lot Size

3200

Min Investment

₹ 2,17,600

Issue Type

Book Building - SME

Listing Date

Aug 6, 2025

Mehul Colours Ltd IPO Dates

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Jul 30, 2025
Opening date
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Aug 1, 2025
Closing date
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Aug 4, 2025
Basis of Allotment
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Aug 5, 2025
Initiation of Refunds
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Aug 5, 2025
Credit of Shares
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Aug 6, 2025
Listing date

Details

SectorType
SectorPlastics Products
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Mehul Colours Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations7.754.674.33
EBITDA8.104.994.56
PAT5.503.222.94
Total Assets9.627.826.80
Share Capital7.540.290.29
Total Borrowings0.700.880.40
Operating Activities (Net Cash)5.853.543.17
Investing Activities (Net Cash)6.394.433.09
Financing Activities (Net Cash)0.700.880.40
Net Cashflow1.292.071.06

About Mehul Colours Ltd

Our Company was incorporated on December 12, 1995 under the name of Mehul Colours and Masterbatches Private Limited, a private limited Company under the provisions of the Companies Act, 1956, pursuant to a Certificate of Incorporation issued by Registrar of Companies, Maharashtra. Thereafter, our Company was converted from private limited to public limited, pursuant to special resolution passed by the shareholders of the Company at the Extraordinary general meeting held on December 02, 2024 and the name of our Company was changed from Mehul Colours and Masterbatches Private Limited, to Mehul Colours and Masterbatches Limited, vide fresh certificate of incorporation dated December 16, 2024 issued by the Registrar of Companies, Central Processing Centre Further, Pursuant to Special Resolution passed by the shareholders at the Extra-Ordinary General Meeting held on January 04, 2025, the name of our Company was changed from Mehul Colours and Masterbatches Limited to Mehul Colours Limited and a fresh Certificate of Incorporation issued by the Registrar of Companies, Central Processing Centre, on January 9, 2025. The Corporate identification number of our Company is U25209MH1995PLC095225.

India's chemical industry is extremely diversified and can be broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers and fertilizers. India is the 6th largest producer of chemicals in the world and 3rd in Asia, contributing 7% to India's GDP. The Indian chemical industry is currently valued at US$ 220 billion and is expected to reach US$ 300 billion by 2030 and US$ 1 trillion by 2040. This industry remains an active hub of opportunities, even in an environment of global uncertainty. India holds a strong position in exports and imports of chemicals at a global level and ranks 14th in exports and 8th in imports at the global level (excluding pharmaceuticals). During April-September 2024, India's dye exports (Dyes and Dye Intermediates) totaled US$ 1.26 billion.

Incorporated in 1995, our company is primarily engaged in the manufacturing of masterbatches, which are used in the plastics industry to impart colour and enhance the functional properties of plastic products. Masterbatches are concentrated mixtures of pigments and additives that are uniformly dispersed in polymer carriers, facilitating the effective integration of colour and performance-enhancing properties into plastic products. During plastic processing, masterbatches enable the uniform dispersion of pigments within the plastic resin, ensuring consistent colour distribution throughout the final plastic product without uneven patches or variations. They are also used to enhance visual appearance and impart specific properties to plastic materials such as UV resistance, flame retardancy and anti-static behavior.

Peer Comparison:

  • Polylink Polymers (India) Ltd
  • Deep Polymers Ltd

Mehul Colours Ltd Key Points

Strengths

In-house manufacturing facility with integrated testing and R&D capabilities.

Wide diversified customer base spread across various industries & geography.

Long term relationship with the customers.

Experienced Promoters with Industry Expertise.

Risk

The company derived a significant portion of its revenue from the sale of the company key product i.e. Masterbatches. Any decline in the sales of its key offering could have an adverse effect on the company business, results of operations and financial condition.

Substantial portion of its revenue has been dependent upon few customers with which the company does not have any firm commitments. The loss of any one or more of its major customers would have a material adverse effect on its business, cash flows, results of operations and financial conditions.

The Company does not have long-term agreements with suppliers for its input materials and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on its business and results of operations.

Strategy

Focus on expansion of our product portfolio through setup of new manufacturing facility.

Deepen and expand our geographical presence.

Focus on consistently meeting customer specification's & quality standards.

How To Apply for Mehul Colours Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Mehul Colours Ltd IPO?

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Mehul Colours Ltd's IPO offers shares for up to 21.66 It begins on Jul 30, 2025 and ends on Aug 1, 2025.

What is the price of the Mehul Colours Ltd IPO?

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The price of Mehul Colours Ltd IPO ranges between ₹68 to ₹72 per share.

What are the open and close dates for the Mehul Colours Ltd IPO?

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The Mehul Colours Ltd IPO opens on Jul 30, 2025 and closes on Aug 1, 2025.

When will the Mehul Colours Ltd IPO be allotted?

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The allotment for the Mehul Colours Ltd IPO will be finalised on Aug 4, 2025. The shares will be listed on BSE and NSE on Aug 6, 2025.

What is the minimum lot size required for Mehul Colours Ltd IPO?

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The minimum lot size for Mehul Colours Ltd IPO is 3200 shares, priced between ₹68 to ₹72 per share.

What is the GMP of Mehul Colours Ltd IPO?

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The GMP (Grey Market Premium) of Mehul Colours Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Mehul Colours Ltd IPO?

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To check the allotment status of Mehul Colours Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Mehul Colours Ltd IPO getting listed?

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The Mehul Colours Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 30, 2025, and closes on Aug 1, 2025. The allotment is finalised on Aug 4, 2025.

How do you apply for the Mehul Colours Ltd IPO?

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To apply for the Mehul Colours Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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