Mehul Colours IPO Subscribed 7.98 Times on Day 3, Led by QIB and NII Segments

Mehul Colours Limited's initial public offering (IPO) has demonstrated solid investor interest through its third and final day of subscription, with Mehul Colours' stock price set at ₹68-72 per share reflecting strong market reception. The ₹21.66 crore IPO reached 7.98 times by 4:59:33 PM on day three, indicating robust investor interest in this masterbatch manufacturer incorporated in 1995.

Mehul Colours IPO qualified institutional buyers segment leads with solid 13.54 times subscription, whilst non-institutional investors demonstrate strong participation at 10.91 times and individual investors show moderate interest at 3.56 times, whilst market makers and anchor investors show complete participation at 1.00 times each, reflecting encouraging investor confidence in this company.

Mehul Colours IPO subscription reached a strong 7.98 times on day three, led by Qualified Institutional Buyers (13.54x), Non-Institutional Investors (10.91x), and Individual Investors (3.56x). Total applications reached 1,508.

Subscription Status of Mehul Colours IPO:

Here are the subscription details for Mehul Colours IPO as of Day 3 (August 1, 2025, 4:59:33 PM):

Key Highlights - Day 3:

• Overall subscription reached strong 7.98 times, a substantial improvement from day two's 1.41 times.
• Qualified institutional buyers demonstrated exceptional performance at 13.54 times, building dramatically from day two's 0.72 times.
• Non-institutional investors category displaying solid interest at 10.91 times, building significantly from day two's 3.56 times.
• Individual investors segment showing reasonable growth at 3.56 times, building positively from day two's 0.89 times.
• bNII category demonstrating strong participation at 14.27 times, building substantially from day two's 5.26 times.
• sNII category showing solid interest at 5.24 times, building positively from day two's 1.20 times.
• Total applications reached 1,508, indicating reasonable investor participation for this SME IPO.
• Cumulative bid amount reached ₹115.07 crores against the issue size of ₹21.66 crores.

Mehul Colours IPO - Day 2 Subscription at 1.41 Times

Key Highlights - Day 2:

• Overall subscription reaching modest 1.41 times, showing gradual improvement from day one's 0.95 times.
• Non-institutional investors demonstrating steady performance at 3.56 times, showing consistent interest from day one's 3.12 times.
• Individual investors showing encouraging improvement at 0.89 times, building positively from day one's 0.28 times.
• QIB segment showing gradual growth at 0.72 times, building moderately from day one's 0.47 times.
• bNII category displaying solid interest at 5.26 times, building from day one's 4.46 times.
• sNII segment showing reasonable improvement at 1.20 times, building substantially from day one's 0.44 times.

Mehul Colours IPO - Day 1 Subscription at 0.95 Times

Key Highlights - Day 1:

• Overall subscription opening cautiously at 0.95 times, showing measured initial investor interest.
• Non-institutional investors demonstrating encouraging confidence at 3.12 times, showing strong HNI appetite.
• QIB segment displaying modest participation at 0.47 times, showing cautious institutional sentiment.
• Individual investors showing limited interest at 0.28 times, indicating reserved retail approach.
• bNII category showing solid participation at 4.46 times, indicating encouraging larger HNI interest.
• sNII segment displaying modest interest at 0.44 times, showing cautious smaller HNI sentiment.

About Mehul Colours Limited

Incorporated in 1995, Mehul Colours & Masterbatches Pvt. Ltd. is engaged in the manufacturing and exporting of masterbatches in India, offering diverse range of products including white, black, color, and additive masterbatches catering to various applications in plastics, rubbers, and elastomers, operating two facilities in Tungareshwar Industrial Estate, Vasai East, Mumbai with total capacity of 12,84,000 kg and serving customers across various industries with 32 permanent employees as of June 30, 2025.