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:
- Funding working capital requirements;
- General corporate purposes.
Financial Highlights (Consolidated)
| Particulars | Period ended on 30th September 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 2484.83 | 2089.57 | 1610.63 | 1405.68 |
| Total Assets | 6055.33 | 6347.51 | 5710.12 | 6140.42 |
| Total Revenue | 4874.80 | 8893.61 | 7885..80 | 7372.13 |
| Profit After Tax | 417.22 | 491.11 | 281.43 | 7 |
| Total Borrowings | 1350.01 | 1991.51 | 1656.68 | 2296.91 |
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 Type | Fixed Price Issue IPO |
| IPO Price | ₹ 78 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,600 shares |
| Issue Size | 4,040,000 shares of ₹ 10 (Aggregating up to ₹ 31.51 Crore) |
| Fresh Issue | 4,040,000 shares of ₹ 10 (Aggregating up to ₹ 31.51 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Listing At | NSE SME |
| Promoters | Aamer 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 Date | January 9, 2023 |
| Closing Date | January 11, 2023 |
| Basis of Allotment | January 16, 2023 |
| Initiation of Refunds | January 17, 2023 |
| Credit of shares to Demat A/c | January 18, 2023 |
| Listing Date | January 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,600 | ₹ 124,800 |
| Retail (Maximum) | 1 | 1,600 | ₹ 124,800 |
| HNI (Minimum) | 2 | 3,200 | ₹ 249,600 |
Promoters Holdings – Ducol Organics And Colours IPO
| Pre-issue Shares Holdings | 80.86% |
| Post-issue Shares Holdings | – |
SWOT Analysis – Ducol Organics And Colours IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 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. |
| OPPORTUNITIES | THREATS |
| 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 Information | Ducol 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 Registrar | Bigshare 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
What is the Ducol Organics And Colours IPO price?
The Ducol Organics And Colours IPO price is ₹ 78 per share.
What will be the Ducol Organics And Colours IPO lot size?
One lot of Ducol Organics And Colours IPO contains 1,600 shares of ₹ 124,800.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Ducol Organics And Colours IPO allotment be available?
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.
When will Ducol Organics And Colours IPO list on exchanges?
The Ducol Organics And Colours IPO shares listing date is January 19, 2023.
How many shares in Ducol Organics And Colours IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
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