Unilex Colours and Chemicals IPO day 3: Issue booked over 35 times, check subscription details

Unilex Colours and Chemicals Limited IPO was booked more than 35 times on the third and last day of bidding on Friday, September 27, driven by high demand from the NIIs.

The NSE SME issue received applications for 8.43 crore shares against 23.87 lakh shares on offer, leading to an overall subscription of 35.13 times.

The issue was subscribed 35.5 times in the retail individual investors’ category with applications for over 4.23 crore shares against 11.93 lakh shares allocated for the segment.

The Non-Institutional Investors (NIIs) applied for over 3.13 crore shares against 5.12 lakh shares set aside for the category. The NIIs’ category was booked 61.15 times.

The Qualified Institutional Buyers (QIBs) subscribed to their quota 15.58 times with applications for 1.06 crore shares against 6.81 lakh shares set aside for the category.

Unilex Colours and Chemicals IPO offer size, price band and other details

Unilex Colours and Chemicals IPO was a book-building public offer consisting of a fresh issue of more than 36 lakh shares, amounting to ₹31.32 crore.

The IPO price range was set between ₹82 and ₹87 per share.

The minimum bidding size for the retail investors in the IPO was at least a single lot size of 1,600 shares. The minimum investment amount was ₹1,39,200.

For the high-net-worth individuals (HNIs) the application size was of at least two lots, or 3,200 shares, amounting to an investment of ₹2,78,400.

Unilex Colours and Chemicals IPO registrar

Link Intime India Private Ltd is acting as the registrar for the Unilex Colours and Chemicals IPO, while Hem Securities Ltd serves as the book-running lead manager.

Hem Finlease Ltd is the market maker for the offering.

Unilex Colours and Chemicals IPO allotment status and listing date

The subscription window for the NSE SME IPO was open from September 25 to September 27. After the successful subscription, the IPO allotment status is expected to be finalised on Monday, September 30.

Refunds for non-allottees and the credit of shares to the Demat accounts of successful bidders will be initiated on October 1.

Shares of the company will be listed on the NSE SME platform. The IPO listing date has been tentatively scheduled for Thursday, October 3, 2024.

Unilex Colours and Chemicals IPO objective

Unilex Colours and Chemicals plans to use the funds raised through the public issue to meet its working capital requirements and repay borrowings. The company will also use a portion of the funds for general corporate purposes.

About Unilex Colours and Chemicals Limited

Unilex Colours and Chemicals Limited specialises in producing pigments, trading chemicals and food colours. The company markets its products under the brand name, Unilex.

The company caters to both domestic and international markets with a wide array of pigment solutions for various industries. It also provides packaging options, including multilayer paper bags and jumbo bags.

The company also exports products to countries like Vietnam, Brazil, and the UAE, among others.