Ducol Organics & Colours IPO
IPO Details
- Open Date 09-Jan-23
- Close Date 11-Jan-23
- IPO Size ₹ 31.51 Cr
- IPO Price Range ₹ 78
Ducol Organics & Colours IPO Subscription Status
| Date | NII | Retail | TOTAL |
|---|---|---|---|
| 9-Jan-23 | 1.20x | 0.77x | 0.99x |
| 10-Jan-23 | 3.36x | 4.40x | 3.88x |
| 11-Jan-23 | 58.15 | 31.11 | 44.63 |
IPO Synopsis
Ducol Organics and Colours IPO opens on 9th January, and closes on 11th January. The issue consists of fresh issuance of 4,040,000 equity shares aggregating to an issue size of Rs. 31.15 crores. The lot size is set at 1600 shares while the price is for the shares is set at Rs. 78 per share. The issue will be listed on NSE SME on 19th January while the shares will be allotted on 16th January. First Overseas Capital Ltd. is the running lead book manager for the issue.
Objective of Ducol Organics and Colours IPO
The net proceeds from the issue will be used for:
• Funding working capital requirements of the company
• General corporate purposes
About Ducol Organics & Colours
Ducol Organics and colours offers a range of pigment dispersions for various industries like paints, inks, textile, detergent, paper, rubber and plastics, leather, paper, soaps, detergents and FMCG. The company is primarily engaged in in the business of manufacturing and selling of pigment dispersions, preparations, concentrates, paste colorants and master batches.
It offers the following pigment dispersions and preparations:
• Dutint – water based dispersions for decorative paints
• Duplast - MB for plastic industry
• Duprint – water based dispersion for printing ink formulations
• Dutex – pigment pastes for textile printing industry
• Dusperse – for soap and detergent industry
• Dupralin – for paper industry
• Dupren – used in rubber industry
• Ducem – Dry dispersions various general applications
It has three (3) manufacturing units situated near Mumbai out of which two (2) are situated at Taloja MIDC and the third is situated at Mahad MIDC which is s in process of getting established with trials currently being conducted.
Ducol Organics & Colours Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue from operations | 88.0 | 77.9 | 73.2 |
| EBITDA | 10.0 | 7.5 | 4.7 |
| PAT | 4.9 | 2.8 | 0.1 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 63.5 | 57.1 | 61.4 |
| Share Capital | 3.0 | 3.0 | 3.0 |
| Total Borrowings | 19.9 | 16.6 | 23.0 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 2.5 | 9.6 | 4.1 |
| Net cash from / (used in) investing activities | 2.5 | 9.6 | 4.1 |
| Net cash flow from / (used in) financing activities | 0.4 | -9.3 | -1.6 |
| Net increase (decrease) in cash and cash equivalents | -0.4 | -0.4 | 1.2 |
Peer Comparison
| Name of the Company | Basic EPS | CMP | PE | RoNW% |
|---|---|---|---|---|
| Ducol Organics And Colours Limited | 4.68 | 78 | 16.68 | 23.50% |
| Aksharchem (India) Limited | 15.62 | 339.5 | 21.74 | 23.50% |
| Asahi Songwon Colors Limited | 19.94 | 275.15 | 13.8 | 7.98% |
| Clariant Chemicals (India) Limited | 17.31 | 407.75 | 23.56 | 10.46% |
| Vipul Organics Limited | 5.06 | 137.85 | 27.25 | 13.31% |
| Ultramarine & Pigments Limited | 23.28 | 375.1 | 16.11 | 6.78% |
| Sudarshan Chemical Industries Limited | 9.85 | 389.85 | 9.85 | 15.59% |
IPO Key Points
-
Strengths
• It has a wide product range with diverse applications across various industries and sectors
• It caters to clients from diverse industries like paints, ink, textile, rubber, plastic, paper, soaps, detergents, etc.
• It has the latest technology for in- house Research & Development
-
Risks
• The company is dependent on third parties for their raw material supplies, hence any disruption in their operations will have an impact
• The loss resulting from shutdown of operations at any of the plants
• The customers generally do not enter into long term contracts
• There are outstanding legal proceedings against the company
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open Demat Account in 5 minutes
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IPO FAQs
What is the lot size and investment required for Ducol Organics and Colours Solutions IPO?
The Ducol Organics and Colours Solutions IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹124,800).
What is the price band of the Ducol Organics and Colours IPO?
The price for Ducol Organics and Colours IPO is set at Rs. 78 per share.
When does the Ducol Organics and Colours IPO issue opens and closes?
The Ducol Organics and Colours IPO opens on 9th January and closes on 11th January.
What is the size of Ducol Organics and Colours IPO issue?
The Ducol Organics and Colours IPO comprises of fresh issuance of 4,040,000 shares aggregating to Rs. 35.51 crores.
Who are the promoters/key personnels of Ducol Organics and Colours?
Ducol Organics and Colours is promoted by Aamer Ahmed Farid and Hani Ahmed Farid.
What is the allotment date of Ducol Organics and Colours IPO?
The allotment date for Ducol Organics and Colours IPO is set for 16th January.
What is the Ducol Organics and Colours IPO’s listing date?
The Ducol Organics and Colours IPO will be listed on 19th January
Who are the book runners for Ducol Organics and Colours IPO?
First Overseas Capital is the book running lead managers to tDucol Organics and Colours IPO.
What is the objective of the Ducol Organics and Colours IPO?
The net proceeds from the Ducol Organics and Colours IPO will be used for:
• Funding working capital requirements of the company
• General corporate purposes
How to apply for the Ducol Organics and Colours IPO?
To apply for Ducol Organics and Colours IPO, follow the steps given below:
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and price at which you wish to apply for
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
• You will receive a mandate notification to block funds in your UPI app
Contact Details of Ducol Organics & Colours IPO
Contact Information
Ducol Organics And Colours Limited
Office No 302, Express Building,
14-E Road, Churchgate,
Mumbai – 400020
Phone: +91 22 4608 2353
Email: ipo@ducol.com
Website: http://www.ducol.com/
Ducol Organics & Colours IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Ducol Organics & Colours IPO Lead Manager
First Overseas Capital Limited