Ducol Organics IPO: GMP, Price, Dates, Issue size

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Drucol IPO
5/5 - (1 vote)

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 
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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: 

  1. Funding working capital requirements of our Company; 
  1. 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
Websitehttp://www.ducol.com/

IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttp://www.bigshareonline.com

IPO Lead Manager(s)

  1. First Overseas Capital Limited (Past IPO Performance)

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