Unilex Colours and Chemicals Limited
IPO Details
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Unilex Colours and Chemicals Limited's achieved publicly listed status following its IPO debut on Oct 03, 2024 at the NSE platform. The offering successfully mobilized 36,00,000 Shares, with 36,00,000 Shares allocated to corporate growth initiatives.
Investment participation occurred within the established price band of ₹82 to ₹87, starting from minimum lots of 1600 shares. The subscription window from Sep 25, 2024 through Sep 27, 2024 enabled investor participation across market segments.
Share allocation was completed on Sep 30, 2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in October 2021, Nexxus Petro Industries Limited is engaged in the trading, manufacturing, and sale of petrochemical products, primarily bitumen and bitumen emulsions used in infrastructure and road construction projects. The company serves government departments and road authorities, and holds BIS and ISO certifications, reflecting its focus on quality and compliance. With three manufacturing units in Kutch (Gujarat), Pali (Rajasthan), and Bhopal (Madhya Pradesh), recent capacity upgrades have improved efficiency and product consistency, leading to stronger customer satisfaction. As of September 2024, Nexxus Petro operates with a lean team of 17 permanent employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Trusted by Customers: Afcons has built strong, long-term relationships with clients worldwide, ensuring steady demand and continued growth.
- Wide Product Range: With a variety of pigments, chemicals, and food colors, the company can cater to different market needs with flexibility.
- Serving Multiple Industries: By working across various sectors, the company stays resilient and avoids reliance on a single industry.
- Heavy Reliance on Key Products: A large share of revenue comes from the top five products, so any drop in demand or loss of major customers could affect the company’s earnings.
- Third-Party Supplier Dependence: The company relies on external vendors for supplies without long-term contracts. This could lead to delays or disruptions, impacting profits and reputation.
- Manufacturing Challenges: Any slowdown, shutdown, or labor issues at manufacturing facilities could disrupt operations and affect financial performance.
- Purushottam Brijlal Sharma
- Narendra Parameswarappa Kotehall
- Aditya Sharma
- Manojkumar Shyamsunder Sharma
- Rohit Krishnakumar Sharma
- Kabir Radheyshyam Sharma
Unilex Colours and Chemicals Limited
Link Intime India Private Limited