Business description – Ushanti Colour Chem manufactures reactive and direct dyestuffs also known as Synthetic Organic Dyes with an integrated production process. The company also manufactures Copper Phthalocyanine, Blue Cued which are one of the major raw materials used for manufacturing of Dyestuffs. The pigment and dyestuffs manufactured by it cater to the raw material requirement of textile, garment, cotton, leather, nylon, paper, wool, ink, wood, plastic and paint industries. The company concentrates on manufacturing “Turquoise Blue” Dyestuffs and Pigments.
The company has 3 manufacturing facilities situated together at Vatva GIDC in Gujarat. The facilities are spread over 2,739 sq. meters in total area. The company also has its own Ice generation machinery, further it recovers Ammonium Carbonate from its effluent stream which are reused in th plant as well as sold to the Soda Ash Industry reducing wastage giving us incremental revenue. Ushanti Colour Chem currently has a production capacity of approx. 2,520 tons per annum.
Promoters of Ushanti Colour Chem – Maunal Shantilal Gandhi and Minku Shantilal Gandhi
| Ushanti Colour Chem IPO details | |
| Subscription Dates | 23 – 25 July 2018 |
| IPO Price band | INR60 per share |
| Fresh issue | 1,926,000 shares (INR11.56 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,926,000 shares (INR11.56 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Setting up of Dyestuff Pigment and Intermediates manufacturing facility at GIDC Saykha Industrial Estate, Bharuch – INR3.00 crore
- Repayment/pre-payment of certain secured borrowings – INR5.80 crore
- General corporate expenses – INR2.26 crore
- Issue expenses – INR0.50 crore
| Ushanti Colour Chem’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | |
| Total revenue | 24.1 | 35.4 | 29.7 | 25.1 | 29.6 | 36.7 |
| Total expenses | 23.5 | 32.2 | 29.3 | 24.6 | 27.6 | 33.2 |
| Profit after tax | 0.4 | 2.1 | 0.3 | 0.3 | 1.3 | 2.4 |
Ushanti Colour Chem’s Contact Details
Ushanti Colour Chem Limited
88/8 GIDC
Phase I, Vatva
Ahmedabad – 382445
Phone: +91 079-25833315
Email: [email protected]
Website: www.ushanti.com
Ushanti Colour Chem IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.36 |
| Day 2 | 1.15 |
| Day 3 | 5.93 |
Ushanti Colour Chem Valuation (For latest FY)
Earnings Per Share (EPS): INR4.44
Price/Earnings (P/E) ratio: 13.51
Return on Net Worth (RONW): 27.42%
Net Asset Value (NAV): INR16.18 per share
Registrar of Ushanti Colour Chem IPO
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Ushanti Colour Chem IPO Allotment Status
Ushanti Colour Chem IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Ushanti Colour Chem
IPO Opening Date: 23 July 2018
IPO Closing Date: 25 July 2018
Finalisation of Basis of Allotment: 30 July 2018
Initiation of refunds: 31 July 2018
Transfer of shares to demat accounts: 1 Aug 2018
Listing Date: 2 Aug 2018
Listing Price on NSE SME: INR64.2 per share (up 7% from IPO price)
Closing Price on NSE SME: INR67.4 per share (up 12.33% from IPO price)
