Ducol Organics and Colours Limited, a 1994 incorporation, provides a selection of pigment dispersions for diverse sectors. They provide items such as paints, ink, textiles, detergents, papers, rubber, and plastics as well as other things.
Ducol Organics IPO Details
| IPO Dates | 9 – 11 January 2023 |
| IPO Price | INR 78 per share |
| Fresh issue | 40,40,000 shares (INR 31.51 crore) |
| Offer For Sale | Nil |
| Total IPO size | 40,40,000 shares (INR 31.51 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,24,800) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE,SME |
Ducol Organics Tentative Dates
| IPO Opening Date | 9 January 2023 |
| IPO Closing Date | 11 January 2023 |
| Finalisation of Basis of Allotment | 16 January 2023 |
| Initiation of refunds | 17 January 2023 |
| Transfer of shares to demat accounts | 18 January 2023 |
| IPO Listing Date | 19 January 2023 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Ducol Organics Company Overview
Ducol Organics and Colours Limited, a 1994 incorporation, provides a selection of pigment dispersions for diverse sectors. Products including paints, inks, textiles, detergents, paper, rubber, and plastics with various colours are among what they sell. They produce and sell pigment dispersions, preparations, concentrates, paste colourants, and masterbatches as their main line of business. The company services a variety of organisations and sectors, including paints, ink, textile, rubber, plastic, leather, paper, soaps, detergents, and FMCG, thanks to its wide range of products and Pan-India customer base.
Ducol Organics and Colors has constructed two functional manufacturing facilities in Taloja that are both well-equipped and operational. The business is currently conducting trials at its third manufacturing facility, which is currently being developed in Mahad.
Ducol Organics and Colors’ goods include:
- Water-based dispersions for decorative paints called Dutint
- Duplast — MB for the plastics sector
- Water-based dispersion for printing ink compositions called Duprint
- Pigment pastes for the textile printing industry from Dutex
- Dusperse – used in the soap and detergent sector
- For the paper industry: Dupralin
- In the rubber business, dupren is used
- Ducem – Dry dispersions numerous applications in everyday life
Ducol Organics Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 73.17 | 77.92 | 87.99 | 48.59 |
| Expenses | 69.02 | 71.40 | 78.93 | 42.17 |
| Net income | 0.07 | 2.81 | 4.91 | 4.17 |
Objects of the Issue
The objects of the Net Proceeds of the Issue are:
- Funding working capital requirements of our Company;
- General corporate purposes.
Strengths
- Experienced & Qualified Team
- Product diversification & Wide Product Offering
Weaknesses
- There are outstanding legal proceedings against them
- customers generally do not enter into long term contract
IPO Prospectus
Company Contact Information
Ducol Organics And Colours Limited
Office No 302, Express Building,
14-E Road, Churchgate,
Mumbai – 400020
Phone: +91 22 4608 2353
Email: ipo@ducol.com
Website: http://www.ducol.com/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
IPO Lead Manager(s)
- First Overseas Capital Limited (Past IPO Performance)
