Mehul Colours IPO
Mehul Colours IPO Details
-
Open Date
30 Jul 2025
-
Close Date
01 Aug 2025
-
Listing Date
06 Aug 2025
- IPO Price Range
₹ 68 to ₹72
- IPO Size
₹ 20.56 Cr
- Listing Exchange
BSE SME
Mehul Colours IPO Timeline
Mehul Colours IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-Jul-25 | 0.47 | 3.12 | 0.28 | 0.95 |
| 31-Jul-25 | 0.72 | 3.56 | 0.89 | 1.41 |
| 01-Aug-25 | 13.54 | 10.91 | 3.56 | 7.98 |
Last Updated: 29 September 2025 3:49 PM by 5paisa
Mehul Colours Limited is launching a ₹20.56 crore IPO. The company manufactures and exports masterbatches and pigments used in plastics, rubbers, and elastomers. Its offerings include white, black, colour, and additive masterbatches with properties like UV resistance and flame retardancy. Operating from two units in Vasai East, Mumbai, with a combined capacity of 12.84 lakh kg, the company employed 32 permanent staff as of June 30, 2025.
Established in: 1995
Managing Director: Mr. Mehul Pravinchandra Joshi
Peers
Polylink Polymers (India) Limited
Deep Polymers Limited
Mehul Colours Objectives
The funds will be used to finance capital expenditure for establishing a new manufacturing facility.
A portion of the proceeds will be allocated towards meeting the company’s working capital requirements.
The remaining funds will be utilised for general corporate purposes.
Mehul Colours IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹20.56 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹20.56 Cr |
Mehul Colours IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,17,600 |
| Retail (Max) | 2 | 3,200 | ₹2,17,600 |
| S-HNI (Min) | 3 | 4,800 | ₹3,26,400 |
| S-HNI (Max) | 8 | 12,800 | ₹8,70,400 |
| B-HNI (Min) | 9 | 14,400 | ₹9,79,200 |
Mehul Colours IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 13.54 | 5,71,200 | 77,34,400 | 55.688 |
| NII (HNI) | 10.91 | 4,28,800 | 46,80,000 | 33.696 |
| Individual Investors (IND category bidding for 2 Lots) | 3.56 | 10,01,600 | 35,68,000 | 25.690 |
| Total** | 7.98 | 20,01,600 | 1,59,82,400 | 115.073 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 21.37 | 22.66 | 23.71 |
| EBITDA | 3.97 | 4.18 | 6.88 |
| PAT | 2.94 | 3.22 | 5.50 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 10.82 | 13.87 | 18.95 |
| Share Capital | 0.29 | 0.29 | 7.54 |
| Total Borrowings | 0 | 0.36 | 0 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 4.67 | 2.09 | 1.91 |
| Net Cash Generated From / (used in) investing activities | -3.28 | -1.42 | -2.30 |
| Net Cash Generated From / (used in) financing activities | -0.41 | -0.33 | -0.39 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.99 | 1.01 | -0.78 |
Strengths
1. Two in-house units with 12.84 lakh kg annual production capacity.
2. Integrated R&D lab ensures quality control and innovation.
3. Promoters have 25+ years of industry experience.
4. Serves 500+ clients across sectors and export markets.
Weaknesses
1. 84.17% revenue depends on masterbatch sales, indicating product concentration.
2. Top 10 customers contribute 48.19% of revenue.
3. High raw material cost impacts margins.
4. Legal proceedings pose potential operational risks.
Opportunities
1. Growing export demand in Canada, Qatar, Jordan, and Thailand.
2. Scope to diversify product portfolio beyond masterbatches.
3. Increasing plastic usage drives demand for colour and additive solutions.
4. Potential to expand capacity and geographic footprint.
Threats
1. Price volatility in raw materials can erode profitability.
2. Quality lapses may lead to order cancellations.
3. Heavy reliance on a few clients poses revenue risk.
4. Regulatory or environmental changes may impact operations.
1. Revenue and PAT grew steadily over three years, reflecting improving margins and financial discipline.
2. Operates two in-house manufacturing units with integrated R&D for product quality and innovation.
3. Serves 500+ clients with growing exports amid favourable shifts in global sourcing trends.
4. Positioned to benefit from booming specialty chemicals and plastic industry demand in India.
1. India’s chemical sector may reach US$ 300 billion by 2030, driving steady demand.
2. Specialty chemicals in India growing at 12% CAGR; strong outlook for pigment applications.
3. Plastic industry expansion supports rising pigment demand for domestic and export markets.
4. Global sourcing shift from China benefits Indian exporters like Mehul Colours Limited.
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*
FAQs
Mehul Colours IPO opens from July 30, 2025 to August 1, 2025.
The size of Mehul Colours IPO is ₹20.56 Cr
The price band of Mehul Colours IPO is ₹68 to ₹72 per share.
To apply for Mehul 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 the price at which you wish to apply for the Mehul Colours IPO.
- Enter your UPI ID and click on submit. You will receive a mandate notification to block funds in your UPI app.
- On approving the mandate, your bid will be placed with the exchange.
The minimum lot size of Mehul Colours IPO is 2 lots of 3,200 shares and the investment required is ₹2,17,600.
The share allotment date of Mehul Colours IPO is August 4, 2025.
The Mehul Colours IPO will likely be listed on August 6, 2025.
Seren Capital Private Limited is the book running lead manager for Mehul Colours IPO.
The funds will be used to finance capital expenditure for establishing a new manufacturing facility.
A portion of the proceeds will be allocated towards meeting the company’s working capital requirements.
The remaining funds will be utilized for general corporate purposes.
Mehul Colours Contact Details
Unit No - A 305,306, Kemp Plaza, Link Road,
Chincholi Bunder Road, Mind Space,
Near Evershine Mall, Malad West
Mumbai, Maharashtra, 400064
Phone: +91-22-2872 3555
Email: info@mehulcolours.com
Website: https://www.mehulcolours.com/
Mehul Colours IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Mehul Colours IPO Lead Manager
Seren Capital Private Limited