Mehul Colours IPO description – Incorporated in 1995, Mehul Colours is a Mumbai-based manufacturer specializing in masterbatches and pigments for the plastics industry. The company operates two production units in the Tungareshwar Industrial Estate, Vasai East, with a combined annual installed capacity of 12,84,000 kg and a total built-up area of 6,400 sq. ft. For FY 2025, revenue stood at INR 22.82 crore, with 84.17% from masterbatches and 15.83% from pigments.
The company offers a comprehensive product portfolio, including colour, additive, special effect, and filler masterbatches. Its products serve over 500 customers across sectors such as packaging, stationery, toys, agriculture, household items, and electrical fittings. Mehul Colours supports diverse plastic processing methods, including injection molding, blow molding, extrusion, and PVC/PET processing.
In FY 2025, 93.17% of revenue was derived from 16 Indian states and 2 UTs, with Maharashtra, Gujarat, Dadra & Nagar Haveli, and Kerala as key markets; exports accounted for 6.83%, reaching Canada, Jordan, Peru, Thailand, and others. The company employs 32 permanent staff and maintains an in-house R&D center to support innovation and quality assurance.
Promoters of Mehul Colours – Mehul Pravinchandra Joshi and Bhakti Mehul Joshi
Table of Contents
Mehul Colours IPO Details
| Mehul Colours IPO Dates | 30 July – 1 August 2025 |
| Mehul Colours Issue Price | INR 68 – 72 per share |
| Fresh Issue | 30,08,000 shares (INR 20.45 – 21.66 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 30,08,000 shares (INR 20.45 – 21.66 crore) |
| Minimum Bid | 3,200 shares (INR 2,30,400) |
| Lot Size | 1,600 shares (INR 1,15,200) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | BSE SME |
Mehul Colours Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 21.18 | 21.94 | 22.82 |
| Expenses | 17.27 | 18.31 | 16.31 |
| Net income | 2.94 | 3.22 | 5.50 |
Mehul Colours Offer News
- Mehul Colours RHP
- Mehul Colours Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Mehul Colours Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 3.90 | 4.27 | 7.30 |
| PE ratio | – | – | 9.32 – 9.86 |
| RONW (%) | 35.17 | 27.85 | 32.26 |
| NAV | 11.08 | 15.33 | 22.62 |
| ROCE (%) | 49.41 | 36.67 | 43.53 |
| EBITDA (%) | 19.72 | 18.10 | 30.17 |
| Debt/Equity | – | 0.03 | – |
Mehul Colours IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Mehul Colours IPO Subscription – Live Updates
| Category | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Shares Offered | 5,71,200 | 4,28,800 | 10,01,600 | 20,01,600 |
| 1 Aug 2025 | 13.54 | 11.27 | 3.59 | 8.07 |
| 31 Jul 2025 | 0.72 | 3.91 | 0.89 | 1.49 |
| 30 Jul 2025 | 0.47 | 3.12 | 0.29 | 0.95 |
The market maker reservation portion of 1,52,000 shares and the anchor investor portion of 8,54,400 shares are not included in the above calculations.
Mehul Colours IPO Allotment Status
Mehul Colours IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Mehul Colours IPO Dates & Listing Performance
| IPO Opening Date | 30 July 2025 |
| IPO Closing Date | 1 August 2025 |
| Finalization of Basis of Allotment | 4 August 2025 |
| Initiation of refunds | 5 August 2025 |
| Transfer of shares to demat accounts | 5 August 2025 |
| IPO Listing Date | 6 August 2025 |
| Opening Price on BSE SME | INR 85 per share (up 18.06%) |
| Closing Price on BSE SME | INR 86.05 per share (up 19.51%) |
Mehul Colours Offer Lead Manager
SEREN CAPITAL PRIVATE LIMITED
Office no. 601 to 605, Raylon Arcade, Kondivita,
J.B. Nagar, Mumbai, Maharashtra, India, 400059
Phone: +91-22-46011058
Email: [email protected]
Website: www.serencapital.in
Mehul Colours Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri East, Mumbai- 400093, Maharashtra
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Mehul Colours Contact Details
MEHUL COLOURS LIMITED
Unit No – A 305,306, Kemp Plaza, Link Road,
Chincholi Bunder Road, Mind Space, Near Evershine Mall,
Malad West-400064, Mumbai, Maharashtra
Phone: +91-22-2872 3555 / 2872 7874
E-mail: [email protected]
Website: www.mehulcolours.com
IPO FAQs
What is the Mehul Colours offer size?
Mehul Colours’ offer size is INR 20.45 – 21.66 crores.
What is the Mehul Colours offer price band?
Mehul Colours public offer price is INR 68 – 72 per share.
What is the lot size of the Mehul Colours IPO?
Mehul Colours offer lot size is 1,600 shares.
What is Mehul Colours IPO GMP today?
Mehul Colours IPO GMP today is INR NA per share.
What is the Mehul Colours kostak rate today?
Mehul Colours kostak rate today is INR NA per application.
What is Mehul Colours IPO Subject to Sauda rate today?
Mehul Colours Subject to Sauda rate today is INR NA per application.