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Ducol Organics And Colours IPO GMP, Price, Dates & Allotment Details 2023

Ducol Organics And Colours IPO GMP, Price, Dates & Allotment Details 2023

Ducol Organics And Colours IPO opens on January 9 and closes on January 11, 2023. According to the DRHP filed in SEBI, the company is planning to raise about ₹ 31.51 crore through this public issue by issuing 4,040,000 shares of face value of ₹ 10 each at a price of ₹ 78 per share. 

Incorporated in 1994. In its line of work, Ducol Organics and Colors Ltd. creates & markets pigment dispersions, preparations, concentrates, paste colourants & master batches. For use in a variety of sectors, including paints, inks, textiles, detergents, paper, rubber, and plastics, the company produces a variety of pigment dispersions. For a variety of industries, including paints, ink, textiles, rubber, plastic, leather, paper, soaps, detergents, and FMCG, there are colour solutions.

The company has three manufacturing facilities close to Mumbai, two of which are located at Taloja MIDC and one at Mahad MIDC. It provides the following preparations and pigment dispersions:

  • Dutint – dispersions made with water for ornamental paints 
  • Duplast – MB for plastic industry  
  • Duprint – For printing ink compositions, use a water-based dispersion 
  • Dutex – Pastes with colour for the textile printing industry 
  • Dusperse – for soap and detergent industry  
  • Dupralin – for paper industry  
  • Dupren – used in rubber industry  
  • Ducem – Dry dispersions various general applications  

Objects of the Issue

The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:

  1. Funding working capital requirements;
  2. General corporate purposes.

Financial Highlights (Consolidated)

ParticularsPeriod ended on 30th September 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth2484.832089.571610.631405.68
Total Assets6055.336347.515710.126140.42
Total Revenue4874.808893.617885..807372.13
Profit After Tax417.22491.11281.437
Total Borrowings1350.011991.511656.682296.91
(Amount in ₹ Lakhs)

Ducol Organics And Colours IPO – Details

According to the DRHP filed in SEBI, the company is planning to issue 4,040,000 shares of ₹ 10 each aggregating up to ₹ 31.51 Crore.

Issue TypeFixed Price Issue IPO
IPO Price₹ 78 per share
Face Value₹ 10 per share
Market Lot1,600 shares
Issue Size4,040,000 shares of ₹ 10 (Aggregating up to ₹ 31.51 Crore)
Fresh Issue4,040,000 shares of ₹ 10 (Aggregating up to ₹ 31.51 Crore)
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Listing AtNSE SME
PromotersAamer Ahmed Farid Hani Ahmed Farid

GMP – Ducol Organics And Colours IPO

Ducol Organics And Colours IPO GMP or Grey Market Premium are available here. The IPO GMP Premium updated day by day for IPOs running period and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates – Ducol Organics And Colours IPO

Ducol Organics And Colours IPO opens on January 9 and closes on January 11, 2023.

Opening DateJanuary 9, 2023
Closing DateJanuary 11, 2023
Basis of AllotmentJanuary 16, 2023
Initiation of RefundsJanuary 17, 2023
Credit of shares to Demat A/cJanuary 18, 2023
Listing DateJanuary 19, 2023

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Lot Size – Ducol Organics And Colours IPO

The Ducol Organics And Colours IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lot i.e. 1,600 shares of ₹ 124,800.

ApplicationsLotsSharesAmount 
Retail (Minimum)11,600₹ 124,800
Retail (Maximum)11,600₹ 124,800
HNI (Minimum)23,200₹ 249,600

Promoters Holdings – Ducol Organics And Colours IPO

Pre-issue Shares Holdings80.86%
Post-issue Shares Holdings

SWOT Analysis – Ducol Organics And Colours IPO

STRENGTHSWEAKNESSES
1. Product diversification & Wide Product Offering.
2. Diverse Customer Base.
3. Company has in- house Research & Development.
1. Outstanding legal proceedings against the Company.
2. Substantial portion of company revenues has been dependent upon a limited number of customers. 
OPPORTUNITIESTHREATS
1. The Company can look to increasing product offerings and adding newer categories of products.
2. Increasing customer footprints across geographies.
3. The Indian paint and coating industry is growing rapidly at 13-14%.

1. Change in technology.
2. Competitions from organised and unorganised players

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationDucol Organics And Colours Limited
Office No 302, Express Building,14-E Road, Churchgate, Mumbai – 400020
Phone: +91 22 4608 2353
Email: [email protected]
Website: http://www.ducol.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
IPO Lead Manager(s)First Overseas Capital Limited 

FAQ’s

The Ducol Organics And Colours IPO price is ₹ 78 per share.

One lot of Ducol Organics And Colours IPO contains 1,600 shares of ₹ 124,800.

The minimum investment size is one lot for retail investors.

The finalisation of Basis of Allotment for Ducol Organics And Colours IPO will be done on January 16, 2023, and the allotted shares will be credited to your demat account by January 18, 2023. Check the Ducol Organics And Colours IPO allotment status.

The Ducol Organics And Colours IPO shares listing date is January 19, 2023.

The investors’ portion for NII (HNI) – 50%, and Retail – 50%.

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