Ducol Organics And Colours Limited IPO Detail
Incorporated in 1994, Ducol Organics And Colours Limited offer a range of pigment dispersions for various industries. They offer products like Paints, Ink, Textile, Detergent, Paper, Rubber, and Plastics color solutions. They primarily engage in the business of manufacturing and selling of pigment dispersions, preparations, concentrates, paste colorants, and master batches.
Having such a broad product display and Pan-India customer base, the company serves a variety of entities and industries including paints, ink, textile, rubber, plastic, leather, paper, soaps, detergents, and FMCG.
For manufacturing, Ducol Organics And Colours has established two well-equipped and operating facilities located in Taloja. The company has a third manufacturing unit at Mahad in process of getting established with trials currently being conducted.
The products of Ducol Organics And Colours are:
- 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
The company has obtained ISO 9001: 2015 certification for the first two unit situated in Taluja MIDC. The first unit has a capacity of 3,500 MTPA for Wet Dispersions whereas the second unit has capacity of 2,000 MTPA for Master Batch, and 10,000 MTPA for Dry Dispersions. With the third unit, soon to be started, the company will be able to expand its capacity and deliver its products more efficiently.
Company Promoters
Aamer Ahmed Farid and Hani Ahmed FaridIPO Details
| IPO Opening Date | Jan 09, 2023 |
| IPO Closing Date | Jan 11, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹78 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | TBA |
| Listing At | NSE SME |
| Issue Size | ₹31.51 Cr |
| Fresh Issue | ₹31.51 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.20x | 0.77x | 0.99x | |
| Day 2 | - | - | 3.36x | 4.40x | 3.88x | |
| Day 3 | - | - | 58.15x | 31.11x | 44.63x |
IPO Tentative Timetable
The Ducol Organics And Colours Limited IPO open date is Jan 09, 2023, and the close date is Jan 11, 2023. The issue may list on Jan 19, 2023.
| IPO Open Date | Jan 09, 2023 |
| IPO Close Date | Jan 11, 2023 |
| Basis of Allotment Date | Jan 16, 2023 |
| Initiation of Refunds | Jan 17, 2023 |
| Credit of Shares to Demat Account | Jan 18, 2023 |
| IPO Listing Date | Jan 19, 2023 |
IPO Lot Size
The Ducol Organics And Colours Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹124800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹124800 |
| Maximum | 1 | 1600 | ₹124800 |
IPO Promoter Holding
| Pre Issue Share Holding | 80.86% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 6140.42 | 7372.13 | 7 |
| 31-Mar-21 | 5710.12 | 7885.8 | 281.43 |
| 31-Mar-22 | 6347.51 | 8893.61 | 491.11 |
| 30-Sep-22 | 6055.33 | 4874.8 | 417.22 |
Objects of the Issue:
The objects of the Net Proceeds of the Issue are:
- Funding working capital requirements of our Company;
- General corporate purposes.
Ducol Organics And Colours Limited IPO Registrar:
Bigshare Services Pvt Ltd
Ducol Organics And Colours Limited IPO Lead Manager(s):
First Overseas Capital Limited
Company Contact Information:
Ducol Organics And Colours Limited
Office No 302, Express Building,
14-E Road, Churchgate,
Mumbai – 400020
