Unitec Fibres IPO
Unitec Fibres IPO Details
-
Open Date
23 Sep 2026
-
Close Date
25 Sep 2026
- IPO Price Range
₹ 83 to ₹88
- IPO Size
₹ 34.47 Cr
Unitec Fibres IPO Timeline
Unitec Fibres IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-Sep-2026 | 0.00 | 0.43 | 0.06 | 0.13 |
| 24-Sep-2026 | 0.00 | 0.11 | 0.11 | 0.08 |
| 25-Sep-2026 | 5.30 | 4.89 | 2.73 | 3.92 |
Last Updated: 25 September 2026 6:44 PM by 5paisa
Unitec Fibres Limited manufactures Recycled Polyester Staple Fibre (RPSF) from recycled polyester inputs such as PET flakes, polyester waste and PET chips. The fibres are manufactured in different colours, densities, deniers and forms to meet customer requirements and are used across automobiles, home furnishings, textiles, non-woven fabrics, filtration products, carpets and other industrial applications.
The company operates two manufacturing units at the MIDC Tarapur Industrial Area in Maharashtra, with a combined installed RPSF capacity of up to 27,984 metric tonnes per annum. It has also acquired approximately 47,494 square metres of land at Anklas, Valsad, Gujarat, where it is setting up an additional manufacturing facility designated as Unit 3. Unitec Fibres holds certifications including ISO 9001:2015, ISO 14001:2015 and Global Recycled Standard certification.
Established in: 2005
Managing Director: Virander Behl
Peers:
Ganesha Ecosphere Limited
Divyadhan Recycling Industries Limited
Unitec Fibres Objectives
The Net Proceeds from the fresh issue are proposed to be utilised towards:
1. Repayment/prepayment, in full or in part, of certain borrowings availed by the company
2. General corporate purposes
Unitec Fibres IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹34.47 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹34.47 Cr |
Unitec Fibres IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3200 | ₹265600 |
| Retail (Max) | 2 | 3200 | ₹281600 |
| S-HNI (Min) | 3 | 4800 | ₹398400 |
| S-HNI (Max) | 7 | 11200 | ₹985600 |
| B-HNI (Min) | 8 | 12800 | ₹1062400 |
Unitec Fibres IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* | Total Applications |
|---|---|---|---|---|---|
| Anchor | 1 | 11,07,200 | 11,07,200 | 9.743 | - |
| Market Maker | 1 | 2,00,000 | 2,00,000 | 1.760 | - |
| QIB (Ex Anchor) | 5.30 | 7,40,800 | 39,26,400 | 34.552 | 0 |
| Non-Institutional Buyers | 4.89 | 5,63,200 | 27,52,000 | 24.218 | 0 |
| bNII (> ₹10L) | 4.47 | 3,76,000 | 16,80,000 | 14.784 | |
| sNII (< ₹10L) | 5.73 | 1,87,200 | 10,72,000 | 9.434 | |
| Individual Investors | 2.73 | 13,05,600 | 35,61,600 | 31.342 | 0 |
| Total** | 3.92 | 26,09,600 | 1,02,40,000 | 90.112 | 56 |
*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 ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 204.14 | 226.42 | 224.24 |
| EBITDA | 16.78 | 17.45 | 15.77 |
| PAT | 7.42 | 8.22 | 7.60 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 90.46 | 122.96 | 169.35 |
| Share Capital | 10.50 | 10.50 | 10.50 |
| Total Liabilities | 90.46 | 122.96 | 169.35 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 21.42 | 11.75 | 4.00 |
| Net Cash Generated From / (used in) Investing Activities | (7.79) | (27.85) | (45.08) |
| Net Cash Generated From / (used in) Financing Activities | (17.79) | 18.41 | 38.74 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (4.17) | 2.31 | (2.34) |
Strengths
1. Unitec Fibres converts polyester waste, PET waste and recycled PET inputs into RPSF, providing exposure to recycling and circular-economy applications.
2. Its two operating facilities at Tarapur have a combined installed production capacity of 27,984 MTPA, with capacity utilisation of 90.85% in FY26.
3. The product portfolio spans different deniers, colours, finishes and fibre forms for applications across textiles, home furnishings, automobiles and non-woven products.
4. The company holds quality and environmental certifications including ISO 9001:2015, ISO 14001:2015 and Global Recycled Standard certification.
5. Unitec Fibres had a confirmed order book of approximately ₹19.03 crore as of 10 September 2026.
Weaknesses
1. RPSF accounted for 98.04% of revenue from operations in FY26, resulting in significant product concentration.
2. The top 10 customers accounted for 45.94% of FY26 sales, while most customer relationships are purchase-order based rather than governed by long-term contracts.
3. The top 10 suppliers represented 64.64% of FY26 purchases, and the company generally does not have long-term or exclusive supply arrangements.
4. Both existing operating manufacturing facilities are located at Tarapur in Maharashtra, creating geographic concentration at the production level.
5. The debt-equity ratio increased from 0.32 times in FY24 to 1.19 times in FY26, while operating cash generation declined during the three-year period.
Opportunities
1. The proposed Unit 3 in Valsad, Gujarat, can expand the company's manufacturing footprint beyond its existing Tarapur facilities and increase RPSF production capacity.
2. Increasing emphasis on recycling, waste reduction and sustainable materials can support demand for recycled polyester products.
3. Applications for RPSF across automobiles, home furnishings, textiles, non-woven fabrics and other industrial products provide multiple end-use demand channels.
4. Further customer and geographic diversification can reduce dependence on individual markets; exports accounted for 9.16% of FY26 revenue from operations.
5. Repayment of borrowings using IPO proceeds can reduce leverage and debt-servicing requirements if implemented as planned.
Threats
1. The recycling industry is fragmented and includes competition from unorganised recyclers, regional operators and larger organised companies with potentially greater resources and processing capacity.
2. Changes in PET flakes, polyester waste and other raw-material availability or prices can affect production costs and margins.
3. Evolving environmental, plastic-waste and Extended Producer Responsibility regulations may increase compliance requirements.
4. Delays in commissioning or stabilising the proposed Gujarat facility could affect planned capacity expansion.
5. High customer choice and competition based on price, product quality, sourcing efficiency and processing capabilities can place pressure on margins.
1. Unitec Fibres operates in recycled polyester manufacturing, converting PET and polyester waste into RPSF used across several industrial and consumer-facing applications.
2. Existing manufacturing facilities have a combined installed capacity of 27,984 MTPA and operated at 90.85% capacity utilisation in FY26.
3. The planned Gujarat manufacturing facility could expand production capacity and diversify the company's manufacturing footprint beyond Maharashtra.
4. The company's ₹19.03 crore order book as of 10 September 2026 provides visibility on confirmed customer orders at the RHP date.
5. Approximately ₹31.00 crore of the IPO proceeds is proposed to be used for repayment or prepayment of borrowings, against secured borrowings of approximately ₹63.18 crore as of 31 March 2026.
India's recycling ecosystem is being influenced by rising environmental awareness, Extended Producer Responsibility requirements and demand for products incorporating recycled materials. The industry remains fragmented, with organised manufacturers competing alongside regional recyclers, local waste processors and other participants on price, product consistency, sourcing capability and sustainability standards.
RPSF converts PET and polyester waste into fibre that can substitute for virgin polyester in applications including textiles, automobiles, carpets, furnishings and non-woven products. Unitec Fibres currently operates 27,984 MTPA of installed RPSF capacity, with FY26 capacity utilisation of 90.85%. Its planned Unit 3 at Valsad is intended to process used PET bottles and textile waste and expand the company's manufacturing capacity. The company also serves international markets, although domestic operations accounted for the majority of FY26 revenue. Its ability to benefit from sector growth will therefore depend on commissioning additional capacity, maintaining raw-material access and widening its customer base while managing competition and leverage.
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FAQs
Unitec Fibres IPO opens on 23 September 2026 and closes on 25 September 2026.
The size of the Unitec Fibres IPO is approximately ₹34.47 crore.
The price band of Unitec Fibres IPO is fixed at ₹83 to ₹88 per share.
1. Login to your 5paisa demat account and select the issue in the current IPO section.
2. Enter the number of lots and the price at which you wish to apply for the Unitec Fibres IPO.
3. Enter your UPI ID and click on submit. Your bid will then be placed with the exchange.
4. You will receive a mandate notification to block funds in your UPI app.
Under the applicable SME bidding structure, an Individual Investor must apply for a minimum of two lots, equivalent to 3,200 shares. This requires an investment of approximately ₹2,65,600 at the floor price of ₹83 per share.
The basis of allotment for the Unitec Fibres IPO is expected to be finalised on 28 September 2026.
The Unitec Fibres IPO is tentatively scheduled to list on the BSE SME platform on 30 September 2026.
Smart Horizon Capital Advisors Private Limited is the book-running lead manager for the Unitec Fibres IPO.
The fresh-issue proceeds are proposed to be used for:
1. Repayment/prepayment, in full or in part, of certain borrowings availed by the company
2. General corporate purposes
Approximately ₹31.00 crore is proposed to be utilised towards repayment or prepayment of borrowings.