Mehul Colours Ltd IPO
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Mehul Colours Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 30.08 L | TBA | TBA | ₹ 73.04 L | BSE | ₹ 21.66 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 30 Jul, 25 | 01 Aug, 25 | 3200 | ₹ 2,17,600 | Book Building - SME | 06 Aug, 25 |
Mehul Colours Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Plastics Products |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 3008000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Mehul Colours Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 4.67 | 4.33 | 2.18 |
| EBITDA | 4.99 | 4.56 | 2.42 |
| PAT | 3.22 | 2.94 | 1.45 |
| Total Assets | 8.18 | 6.80 | 8.42 |
| Share Capital | 0.29 | 0.29 | 0.29 |
| Total Borrowings | 0.88 | 0.40 | 0.87 |
| Operating Activities (Net Cash) | 3.54 | 3.17 | 1.69 |
| Investing Activities (Net Cash) | 4.43 | 3.09 | 0.00 |
| Financing Activities (Net Cash) | 0.88 | 0.40 | 0.87 |
| Net Cashflow | 2.07 | 1.06 | 0.07 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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 IPO 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
- We derived a significant portion of our revenue from the sale of our key product i.e. Masterbatches. Any decline in the sales of our key offering could have an adverse effect on our business, results of operations and financial condition.
- Substantial portion of our revenue has been dependent upon few customers with which we do not have any firm commitments. The loss of any one or more of our major customers would have a material adverse effect on our business, cash flows, results of operations and financial conditions.
- Our Company does not have long-term agreements with suppliers for our 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 our 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.
- 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.
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.
