Mehul Colours IPO

Mehul Colours Limited, established in 1995, specialises in manufacturing masterbatches and pigments that enhance the colour, durability, and performance of plastics. The company operates two production facilities in Palghar with a combined capacity of 12,84,000 kg and plan to establish a new manufacturing facility Vasai to increase capacity and enter the polymer compounds market. The company supplies its products to over 500+ customers spanning a broad array of industries, including stationery, plastic household products, plastic toys, agricultural tools and others across 16 states in India. In FY25, masterbatches accounted for 84.17% of overall revenue, while rest of the revenue came from pigments sales. The company also exports its products to countries like Canada, Jordan, Qatar and Thailand, contributing 6.83% of FY25 revenue.