Ushanti Colour Chem IPO is set to make its debut on 17th July 18 with 11.56 Cr is a company engaged in the business of manufacturing and trading of Dyestuffs.
Ushanti Colour Chem IPO – overview
| IPO Dates | 17-23 July 18 |
| IPO Price | INR 60 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,926,000 shares (INR 11.56 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Ushanti Colour Chem IPO – Tentative Dates
| IPO Offer Opening Date | 23 July 2018 |
| IPO Closing Date | 25 July 2018 |
| Finalization of Basis of Allotment | 30 July 2018 |
| Initiation of refunds | 31 July 2018 |
| Transfer of shares to demat accounts | 1 Aug 2018 |
| IPO Listing Date | 2 Aug 2018 |
Company Overview
Incorporated in 1993, Gujarat based Ushanti Colour Chem Limited is a company engaged in the business of manufacturing and trading of Dyestuffs.
The Company manufactures Reactive and Direct Dyestuffs also known as Synthetic Organic Dyes. It also manufactures Copper Phthalocyanine, Blue Crude which is used for manufacturing Dyestuffs. The pigment and dyestuffs cater to the raw material requirement of various industries including wool, ink, wood, leather, nylon, paper, textile, garment, cotton, plastic and paint etc.
The company has 3 manufacturing facilities, spread over 2,739 sq. meters, located at Vatva GIDC in Gujarat. It also has its own Ice generation machinery. It recovers Ammonium Carbonate which is reused in the plant as well as sold to the Soda Ash Industry reducing wastage providing the company with incremental revenue.
The Monthly Production capacity of the company increased from 5 MT in 1990 to 300 MT now. With the new capacity addition, production will be 1350MT.
With land of 3000sq. mt, at Vatwa & 75000sq. mt land at Saykha, the company’s enterprise value is around Rs 45-50 crore.
Ushanti generates around 41% of its revenue from the Domestic market while the rest 59% is generated from its export operations.
Ushanti offers its products through traders. The manufactured dyes are sold as per the orders received by parties either directly from manufacturers or traders.
Objects of the Issue
1.Setting up of Dyestuff, Pigment, Intermediate Manufacturing facility at Saykha
2. Prepayment of installments on land taken at Saykha, GIDC & repayment of Secured Bridge Loan taken from Banks for acquiring land for the new project
3. General Corporate Purpose
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 2,702.27 | 2,273.94 | 2,238.70 |
| Total Revenue | 2742.60 | 2,962.10 | 2,511.31 |
| Profit After Tax | 245.00 | 137.78 | 37.97 |
Company Contact Information
Ushanti Colour Chem Limited
88/6, 88/7, 88/8,
Phase – 1, GIDC,
Vatwa, Ahmedabad – 382445
Phone: 079-25833315
Email: admin@ushanti.com
Website: http://ushanti.com/
Ushanti Colour Chem IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Ushanti Colour Chem IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
