Ushanti Colour Chem IPO: GMP, Price, Dates, Issue Size 

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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 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

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 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

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 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

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) 

  1. Pantomath Capital Advisors Pvt Ltd (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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