Ushanti Colour Chem IPO

Ushanti Colour Chem IPOBusiness description - Ushanti Colour Chem manufactures reactive and direct dyestuffs also known as Synthetic Organic Dyes with an integrated production process. The company also manufactures Copper Phthalocyanine, Blue Cued which are one of the major raw materials used for manufacturing of Dyestuffs. The pigment and dyestuffs manufactured by it cater to the raw material requirement of textile, garment, cotton, leather, nylon, paper, wool, ink, wood, plastic and paint industries. The company concentrates on manufacturing “Turquoise Blue” Dyestuffs and Pigments.

The company has 3 manufacturing facilities situated together at Vatva GIDC in Gujarat. The facilities are spread over 2,739 sq. meters in total area. The company also has its own Ice generation machinery, further it recovers Ammonium Carbonate from its effluent stream which are reused in th plant as well as sold to the Soda Ash Industry reducing wastage giving us incremental revenue. Ushanti Colour Chem currently has a production capacity of approx. 2,520 tons per annum.

Promoters of Ushanti Colour Chem – Maunal Shantilal Gandhi and Minku Shantilal Gandhi
Ushanti Colour Chem IPO details
Subscription Dates 23 - 25 July 2018
IPO Price band INR60 per share
Fresh issue 1,926,000 shares (INR11.56 crore)
Offer for sale Nil
Total IPO size 1,926,000 shares (INR11.56 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Setting up of Dyestuff Pigment and Intermediates manufacturing facility at GIDC Saykha Industrial Estate, Bharuch - INR3.00 crore
  • Repayment/pre-payment of certain secured borrowings - INR5.80 crore
  • General corporate expenses - INR2.26 crore
  • Issue expenses - INR0.50 crore
Ushanti Colour Chem's financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 24.1 35.4 29.7 25.1 29.6 36.7
Total expenses 23.5 32.2 29.3 24.6 27.6 33.2
Profit after tax 0.4 2.1 0.3 0.3 1.3 2.4
Ushanti Colour Chem's Contact Details

Ushanti Colour Chem Limited
88/8 GIDC
Phase I, Vatva
Ahmedabad - 382445

Phone: +91 079-25833315
Email: [email protected]
Website: www.ushanti.com

Ushanti Colour Chem IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.36
Day 2 1.15
Day 3 5.93

 

Ushanti Colour Chem Valuation (For latest FY)

Earnings Per Share (EPS): INR4.44

Price/Earnings (P/E) ratio: 13.51

Return on Net Worth (RONW): 27.42%

Net Asset Value (NAV): INR16.18 per share

Registrar of Ushanti Colour Chem IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

Ushanti Colour Chem IPO Allotment Status

Ushanti Colour Chem IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Ushanti Colour Chem

IPO Opening Date: 23 July 2018

IPO Closing Date: 25 July 2018

Finalisation of Basis of Allotment: 30 July 2018

Initiation of refunds: 31 July 2018

Transfer of shares to demat accounts: 1 Aug 2018

Listing Date: 2 Aug 2018

Listing Price on NSE SME: INR64.2 per share (up 7% from IPO price)

Closing Price on NSE SME: INR67.4 per share (up 12.33% from IPO price)

Ushanti Colour Chem IPO
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