Ushanti Colour Chem Limited IPO Details

Ushanti Colour Chem Limited was established in 1993, Gujarat based Ushanti Colour Chem Limited is a company engaged in the business of manufacturing and trading of Dyestuffs. The Company manufactures Reactive and Direct Dyestuffs also known as Synthetic Organic Dyes. It also manufactures Copper Phthalocyanine, Blue Crude which is one of the major raw materials used for manufacturing of Dyestuffs.

The pigment and dyestuffs manufactured by the company cater to the raw material requirement of textile, garment, cotton, leather, nylon, paper, wool, ink, wood, plastic and paint industries. Ushanti concentrates on manufacturing "Turquoise Blue" Dyestuffs and Pigments. The company has 3 manufacturing facilities situated together at Vatva GIDC in Gujarat. The facilities are spread over 2,739 sq. meters in total area. It also has its own Ice generation machinery, further, it recovers Ammonium Carbonate from its effluent stream which is reused in the plant as well as sold to the Soda Ash Industry reducing wastage giving us incremental revenue. The company currently has a production capacity of approx. 2,520 tons per annum.

Ushanti Colour Chem Limited IPO Details
Issue Open	23-07-2018
Issue Close	25-07-2018
Allotment Date	31-07-2018
Unblocked Amount	01-08-2018
Listing Date	02-08-2018
Issue Share	19,26,000 Total Equity Share - Reserved by Market Maker - Equity Share
Issue Size	₹ 11.56 Cr
IPO Price Band	₹ 57 - ₹ 60
Minimum Share Bid	2000
Minimum Investment Amount [Rs]	₹ 1,14,000 - ₹ 1,20,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	NSE SME

Ushanti Colour Chem Limited IPO Gray Market Value
Latest Update	17-07-2018 06:00 PM
Premium [Per Share] As Per Market View	-
Expected Listing Gain [Subject to Sauda]	-

Ushanti Colour Chem Limited IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	24.14	23.36	0.51
FY-2014	35.42	32.03	2.22
FY-2015	29.71	29.24	0.28
FY-2016	25.11	24.63	0.26
FY-2017	29.62	27.55	1.27
Dec-2017	27.42	24.83	1.83
-	-	-	-

Ushanti Colour Chem Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ 2.38
Price/Earnings [P/E] Ratio	63.34
Return on Net Worth [RoNW]	19.54 %
Net Asset Value [NAV]	₹ 12.16 Per Share

Ushanti Colour Chem Limited IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	9,14,000	9,14,000	18,28,000
Day-1 [23-07-2018]	5,68,000 [0.62]	1,26,000 [0.14]	6,94,000 [0.38]
Day-2 [24-07-2018]	16,40,000 [1.79]	5,66,000 [0.62]	22,06,000 [1.21]
Day-3 [-]	52,66,000 [5.77]	61,48,000 [6.72]	1,14,14,000 [6.24]
Day-4 [-]	-[-]	-[-]	-[-]

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Ushanti Colour Chem Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral

Ushanti Colour Chem Limited IPO Contact Details
Ushanti Colour Chem Limited 88/8, GIDC Phase-1, Vatwa, Ahmedabad - 382445 Gujarat India Phone: 079-25833315 Email:- admin@ushanti.com Website:- http://ushanti.com/

Registrar of Ushanti Colour Chem Limited IPO
BIGSHARE SERVICES PRIVATE LIMITED Address: 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Apartments (Next to Keys Hotel), Marol Maroshi Road, Andheri (East), Mumbai – 400059. Tel.: +9122 6263 8200 Fax.: +91 22 6263 8299 Email: info@bigshareonline.com Website: http://www.bigshareonline.com SEBI Registration No.: INR000001385 Contact Person: Mr. Ashok Shetty

Lead Managers of Ushanti Colour Chem Limited IPO
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshva Premises, Behind Family Court, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India Tel: +91-22 6194 6700 Fax: +91-22 2659 8690 Website:www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Unmesh Zagade SEBI Registration No:INM000012110