Unilex IPO Opens Sept 25, Price Band Set at Rs 82-87 Per Share

The issue proceeds will be utilized to fund the repayment of a portion of specific borrowing availed by the company to meet working capital requirements and general corporate purposes.

On Monday, September 30, 2024, the shares for the Unilex Colours and Chemicals IPO are anticipated to be allotted. On Tuesday, October 1, 2024, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment.

Retail investors need to contribute a minimum of Rs 1,39,200, considering the minimum lot size for an application is 1600 shares. For HNIs, the minimum bidding size is two lots, or 3200 shares, for a total investment of Rs 2,78,400 at the upper price band.

Unilex Colours and Chemicals Limited’s revenue increased by 3.20%, and profit after tax (PAT) rose by 24.06% between the financial year ending with March 31, 2024 and March 31, 2023.

Unilex Colours and Chemicals, under the “Unilex” brand, serves domestic and international markets with a 100+ product portfolio, catering to industries like plastics, coatings, inks, and textiles.

Recognized as a Three-Star Export House, the company exports its products to 14 countries worldwide.

The company’s manufacturing unit in Palghar, Maharashtra spans 1275 sq. meters with an installed capacity of 1977.60 MTPA equipped with various machines including Ball Mill, Root Blower, Silo, Reaction Steel Vessel, Brick Lined Vessel, Rubber Lined Vessel, Drying Vessel, Spin Flash Dryer, Ribbon Blender, Air Classifier Mill, Air Blender, and Filter Press.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.