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Mehul Colours IPO
7.30xsubscribed

Mehul Colours IPO

Plastic Products
listed
₹2.18LMin. investment

Mehul Colours Limited IPO Details

SectorPlastic Products
Price range₹68.00 – ₹72.00
IPO type
SME
Lot size1600 shares
Issue size₹21Cr
Red Herring Prospectus
Read
Market cap
₹75.95CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹22.82CrLower than sector avg
Growth rate3Y CAGR
2.50%

Mehul Colours IPO Subscription Status

Date
QIB
NII
Retail
Total
30-Jul-25
0.47 times (X)
0.15 times (X)
0.29 times (X)
0.31 times (X)
31-Jul-25
0.72X
0.94X
0.89X
0.85X
01-Aug-25
13.54X
8.01X
3.44X
7.3X

As on 30-Jul-25, 5:30 PM

Mehul Colours IPO Timeline

  1. Pre-apply
    29 Jul 2025
  2. Bid start
    30 Jul 2025
  3. Bid end
    1 Aug 2025
  4. Allotment
    4 Aug 2025
  5. Release of funds
    5 Aug 2025
  6. Demat transfer
    5 Aug 2025
  7. Listing
    6 Aug 2025

About Mehul Colours Limited

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.

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Objectives of Mehul Colours Limited IPO

Capital expenditure
67.54%
The company will use ₹14.63 crore towards setup of a new manufacturing facility.
Working capital
18.47%
The company will use ₹4 crore to fund working capital requirements.
General corporate purposes
14.00%
Part of the IPO proceeds will be used for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratio
This IPO₹22.82Cr2.50%₹5.5Cr₹75.95Cr9.86
This sector (avg.)₹428.83Cr0%₹23.13Cr₹1,429.77Cr52.17
₹10,446.25Cr---₹960.88Cr₹44,630.89Cr54.80
₹5,832.4Cr---₹518.9Cr₹39,668.88Cr77.84
₹4,141.97Cr---₹800.03Cr₹10,908.91Cr22.71

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Mehul Colours IPO Contact Details

Company NameMehul Colours Limited

How to apply for Mehul Colours IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Mehul Colours Limited IPO FAQs