Unitec Fibres Shares List at 2.27% Premium at ₹90 on BSE SME

Unitec Fibres shares made their stock market debut on September 30, 2026, listing at ₹90 per share on BSE SME, compared with the IPO issue price of ₹88 per share. The listing represented a 2.27% premium over the issue price.

The listing followed the company's IPO, which was open for subscription from September 23 to September 25, 2026. The ₹34.47 crore book-built issue had a price band of ₹83 to ₹88 per share and comprised an entirely fresh issue of equity shares. The IPO was subscribed 3.92 times overall, with the Individual Investors portion subscribed 2.73 times and the NII portion 4.89 times.

Unitec Fibres manufactures Recycled Polyester Staple Fibre (RPSF) using recycled PET flakes, PET chips and other polyester waste. Its products are supplied to industries including automobiles, home furnishings and textiles, with applications across carpets, roof liners, vehicle trunks, sofas, curtains and spinning.

Unitec Fibres IPO Listing Details

Unitec Fibres IPO was a ₹34.47 crore book-built SME issue, comprising an entirely fresh issue of equity shares. There was no offer-for-sale component.

The IPO opened for subscription on September 23, 2026, and closed on September 25, 2026. The price band was fixed at ₹83 to ₹88 per share, with the issue price at the upper end of the band at ₹88.

The issue was subscribed 3.92 times overall. The NII category was subscribed 4.89 times, while the Individual Investors portion received 2.73 times subscription.

Unitec Fibres shares subsequently listed on BSE SME on September 30, 2026, at ₹90 per share, representing a premium of ₹2 or 2.27% over the ₹88 issue price.

- Issue Price: ₹88 per share
- BSE SME Listing Price: ₹90 per share
- Listing Premium: 2.27%
- Overall Subscription: 3.92 times
- Fresh Issue: ₹34.47 crore
- Offer for Sale: Nil
- Price Band: ₹83 to ₹88 per share
- IPO Open Date: September 23, 2026
- IPO Close Date: September 25, 2026
- Listing Date: September 30, 2026
- Exchange: BSE SME

First-Day Trading Performance

Listing Price: Unitec Fibres share price debuted at ₹90 per share on BSE SME, compared with the IPO issue price of ₹88. This translated into a listing premium of 2.27%.

Subscription context: The IPO was open between September 23 and September 25, 2026. The issue was subscribed 3.92 times overall, with the NII portion subscribed 4.89 times and the Individual Investors portion subscribed 2.73 times.

Growth Drivers and Challenges

Growth Drivers

Recycled Polyester Product Portfolio: Unitec Fibres manufactures Recycled Polyester Staple Fibre using recycled PET flakes, PET chips and other polyester waste, placing its operations within the recycled polyester value chain.

Multiple End-Use Industries: Its products cater to applications across the automobile, home furnishing and textile industries, including carpets, roof liners, vehicle trunks, sofas, curtains and spinning applications.

Manufacturing Presence: The company operates two manufacturing facilities in Maharashtra and plans to establish another facility in Valsad, Gujarat.

Recycling-Focused Operations: The company's manufacturing process uses recycled PET and other polyester waste as inputs for producing RPSF.

Financial Performance: Unitec Fibres reported revenue of ₹224.86 crore and profit after tax of ₹7.60 crore in FY2026, compared with revenue of ₹227.13 crore and PAT of ₹8.22 crore in FY2025.

Challenges

Borrowing Requirements: Repayment or prepayment of borrowings is one of the principal stated objects of the fresh issue, with ₹31 crore earmarked for this purpose.

Raw Material Availability: As a manufacturer using recycled PET flakes, PET chips and other polyester waste, the company's operations depend on maintaining an adequate supply of suitable raw materials.

Expansion Execution: The planned expansion of manufacturing operations requires effective execution and utilisation of additional capacity.

Competitive Market: The company operates in the polyester fibre and recycling industry, where product quality, pricing and supply capabilities influence competitiveness.

Financial Performance: FY2026 revenue and profit were below FY2025 levels. Revenue declined from ₹227.13 crore to ₹224.86 crore, while PAT decreased from ₹8.22 crore to ₹7.60 crore.

Utilisation of IPO Proceeds

The ₹34.47 crore Unitec Fibres IPO was entirely a fresh issue, with no offer-for-sale component. The company intends to use the fresh issue proceeds, after accounting for issue-related expenses, towards its stated objects.

The principal uses of the IPO proceeds are:
- ₹31 crore towards repayment or prepayment of certain borrowings availed by the company
- General corporate purposes

Promoter and promoter-group shareholding stood at 94.20% before the IPO and 68.61% following the issue.

Business and IPO Overview

Unitec Fibres was founded in February 2005 and manufactures Recycled Polyester Staple Fibre. Its manufacturing process uses recycled PET flakes, PET chips and other polyester waste.

The company's products are used across several industries, including automobiles, home furnishings and textiles. Applications include carpets, roof liners, vehicle trunks, sofas, curtains and spinning.

Unitec Fibres operates two manufacturing facilities in Maharashtra and plans to establish its third facility in Valsad, Gujarat. The company also holds Global Recycled Standard certifications.

For FY2026, the company reported revenue of ₹224.86 crore and PAT of ₹7.60 crore, compared with ₹227.13 crore in revenue and ₹8.22 crore in PAT in FY2025.

The IPO was a ₹34.47 crore fresh issue with a price band of ₹83 to ₹88 per share. It opened for subscription on September 23 and closed on September 25, 2026, recording an overall subscription of 3.92 times.

Unitec Fibres shares listed on BSE SME at ₹90 per share on September 30, 2026, compared with the ₹88 issue price, representing a 2.27% listing premium.