Mehul Colours IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 30 to Aug 01 2025
Price Band
₹72
Current GMP
₹85.0(+18.06%)
Subscription
7.98 times
IPO Details
| IPO Date | July 30, 2025 to August 1, 2025 |
| Listing Date | August 6, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,08,000 shares (aggregating up to ₹21.66 Cr) |
| Reserved for Market Maker | 1,52,000 shares (aggregating up to ₹1.09 Cr)Asnani Stock Broker Private Limited |
| Net Offered to Public | 28,56,000 shares (aggregating up to ₹20.56 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 75,41,040 shares |
| Share Holding Post Issue | 1,05,49,040 shares |
IPO Date
July 30, 2025 to August 1, 2025
Listing Date
August 6, 2025
Face Value
₹10 per share
Issue Price
₹72 per share
Lot Size
1,600 Shares
Sale Type
Fresh Capital
Total Issue Size
30,08,000 shares (aggregating up to ₹21.66 Cr)
Reserved for Market Maker
1,52,000 shares (aggregating up to ₹1.09 Cr)Asnani Stock Broker Private Limited
Net Offered to Public
28,56,000 shares (aggregating up to ₹20.56 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
75,41,040 shares
Share Holding Post Issue
1,05,49,040 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 13.54 |
| Non-Institutional Buyers*** | 10.91 |
| bNII (bids above ₹10L) | 14.27 |
| sNII (bids below ₹10L) | 5.24 |
| Individual Investors (IND category bidding for 2 Lots) | 3.56 |
| Total ** | 7.98 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
13.54
Non-Institutional Buyers***
10.91
bNII (bids above ₹10L)
14.27
sNII (bids below ₹10L)
5.24
Individual Investors (IND category bidding for 2 Lots)
3.56
Total **
7.98
Day Wise Sub
| Day | QIB | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Jul 30, 2025 | 0.47 | 3.12 | 4.46 | 0.44 | 0.28 | 0.95 |
| Day 2 Jul 31, 2025 | 0.72 | 3.56 | 5.26 | 1.20 | 0.89 | 1.41 |
| Day 3 Aug 1, 2025 | 13.54 | 10.91 | 14.27 | 5.24 | 3.56 | 7.98 |
DayDay 1
Jul 30, 2025
QIB0.47
NII*3.12
NII (> ₹10L)4.46
NII (< ₹10L)0.44
Individual Investors0.28
Total0.95
DayDay 2
Jul 31, 2025
QIB0.72
NII*3.56
NII (> ₹10L)5.26
NII (< ₹10L)1.20
Individual Investors0.89
Total1.41
DayDay 3
Aug 1, 2025
QIB13.54
NII*10.91
NII (> ₹10L)14.27
NII (< ₹10L)5.24
Individual Investors3.56
Total7.98
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 06-08-2025 | 72.00 | 11(15.28%) | 83 |
| 05-08-2025 | 72.00 | 11(15.28%) | 83 |
| 04-08-2025 | 72.00 | 11(15.28%) | 83 |
| 03-08-2025 | 72.00 | 6(8.33%) | 78 |
| 02-08-2025 | 72.00 | 6(8.33%) | 78 |
| 01-08-2025 | 72.00 | 6(8.33%) | 78 |
| 31-07-2025 | 72.00 | 0(0.00%) | 72 |
| 30-07-2025 | 72.00 | 0(0.00%) | 72 |
| 29-07-2025 | 72.00 | 0(0.00%) | 72 |
| 28-07-2025 | 72.00 | 0(0.00%) | 72 |
| 27-07-2025 | 72.00 | 0(0.00%) | 72 |
| 26-07-2025 | 72.00 | 0(0.00%) | 72 |
| 25-07-2025 | 72.00 | 0(0.00%) | 72 |
| 24-07-2025 | 72.00 | 0(0.00%) | 72 |
Date06-08-2025
Price72.00
GMP11(15.28%)
Estimate List Price83
Date05-08-2025
Price72.00
GMP11(15.28%)
Estimate List Price83
Date04-08-2025
Price72.00
GMP11(15.28%)
Estimate List Price83
Date03-08-2025
Price72.00
GMP6(8.33%)
Estimate List Price78
Date02-08-2025
Price72.00
GMP6(8.33%)
Estimate List Price78
Date01-08-2025
Price72.00
GMP6(8.33%)
Estimate List Price78
Date31-07-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date30-07-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date29-07-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date28-07-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date27-07-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date26-07-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date25-07-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date24-07-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
IPO Important Dates
| IPO Open Date | Wed, Jul 30, 2025 |
| IPO Close Date | Fri, Aug 1, 2025 |
| Tentative Allotment | Mon, Aug 4, 2025 |
| Initiation of Refunds | Tue, Aug 5, 2025 |
| Credit of Shares to Demat | Tue, Aug 5, 2025 |
| Tentative Listing Date | Wed, Aug 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2025 |
IPO Open Date
Wed, Jul 30, 2025
IPO Close Date
Fri, Aug 1, 2025
Tentative Allotment
Mon, Aug 4, 2025
Initiation of Refunds
Tue, Aug 5, 2025
Credit of Shares to Demat
Tue, Aug 5, 2025
Tentative Listing Date
Wed, Aug 6, 2025
Cut-off time for UPI mandate confirmation
5 PM on August 1, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,30,400 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,30,400 |
| S-HNI (Min) | 3 | 4,800 | ₹3,45,600 |
| S-HNI (Max) | 8 | 12,800 | ₹9,21,600 |
| B-HNI (Min) | 9 | 14,400 | ₹10,36,800 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares3,200
Amount₹2,30,400
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares3,200
Amount₹2,30,400
ApplicationS-HNI (Min)
Lots3
Shares4,800
Amount₹3,45,600
ApplicationS-HNI (Max)
Lots8
Shares12,800
Amount₹9,21,600
ApplicationB-HNI (Min)
Lots9
Shares14,400
Amount₹10,36,800
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 18.95 | 13.87 | 10.82 |
| Total Income | 23.71 | 22.66 | 21.37 |
| Profit After Tax | 5.50 | 3.22 | 2.94 |
| EBITDA | 6.88 | 4.18 | 3.97 |
| Net Worth | 17.06 | 11.56 | 8.36 |
| Reserves and Surplus | 9.52 | 11.27 | 8.07 |
| Total Borrowing | 0.36 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202518.95
31 Mar 202413.87
31 Mar 202310.82
Period EndedTotal Income
31 Mar 202523.71
31 Mar 202422.66
31 Mar 202321.37
Period EndedProfit After Tax
31 Mar 20255.50
31 Mar 20243.22
31 Mar 20232.94
Period EndedEBITDA
31 Mar 20256.88
31 Mar 20244.18
31 Mar 20233.97
Period EndedNet Worth
31 Mar 202517.06
31 Mar 202411.56
31 Mar 20238.36
Period EndedReserves and Surplus
31 Mar 20259.52
31 Mar 202411.27
31 Mar 20238.07
Period EndedTotal Borrowing
31 Mar 2025
31 Mar 20240.36
31 Mar 2023
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Mehul Colours Limited | 7.30 | 7.30 | 22.62 | 32.26 | ||
| Polylink Polymers India Ltd | 0.96 | 0.96 | 13.52 | 28.00 | 7.13 | 2.00 |
| Deep Polymers Ltd | 2.13 | 2.13 | 38.47 | 25.68 | 5.75 | 1.47 |
Company NameMehul Colours Limited
EPS (Basic)7.30
EPS (Diluted)7.30
NAV (per share) (Rs)22.62
P/E (x)
RoNW (%)32.26
P/BV Ratio
Company NamePolylink Polymers India Ltd
EPS (Basic)0.96
EPS (Diluted)0.96
NAV (per share) (Rs)13.52
P/E (x)28.00
RoNW (%)7.13
P/BV Ratio2.00
Company NameDeep Polymers Ltd
EPS (Basic)2.13
EPS (Diluted)2.13
NAV (per share) (Rs)38.47
P/E (x)25.68
RoNW (%)5.75
P/BV Ratio1.47
IPO Reservation
| Market Maker Shares Offered | 1,52,000 (5.05%) |
| QIB Shares Offered | 14,25,600 (47.39%) |
| − Anchor Investor Shares Offered | 8,54,400 (28.40%) |
| − QIB (Ex. Anchor) Shares Offered | 5,71,200 (18.99%) |
| NII (HNI) Shares Offered | 4,28,800 (14.26%) |
| − bNII > ₹10L | 2,86,400 (9.52%) |
| − sNII < ₹10L | 1,42,400 (4.73%) |
| Retail Shares Offered | 10,01,600 (33.30%) |
| Total Shares Offered | 30,08,000 (100.00%) |
Market Maker Shares Offered
1,52,000 (5.05%)
QIB Shares Offered
14,25,600 (47.39%)
− Anchor Investor Shares Offered
8,54,400 (28.40%)
− QIB (Ex. Anchor) Shares Offered
5,71,200 (18.99%)
NII (HNI) Shares Offered
4,28,800 (14.26%)
− bNII > ₹10L
2,86,400 (9.52%)
− sNII < ₹10L
1,42,400 (4.73%)
Retail Shares Offered
10,01,600 (33.30%)
Total Shares Offered
30,08,000 (100.00%)
Information about company
Incorporated in 1995, Mehul Colours & Masterbatches Pvt. Ltd., is engaged in the manufacturing and exporting of masterbatches in India.
The company offers a diverse range of products, including white, black, color, and additive masterbatches, catering to various applications in plastics, rubbers, and elastomers.
The company's operates two facilities in Tungareshwar Industrial Estate, Vasai East, Mumbai, with capacities of 10,56,000 kg and 2,28,000 kg, each covering 3,200 sq. ft. of built-up area.
Products Offering:
Masterbatches: They produces masterbatches—pigment and additive mixtures in polymers—for uniform color and enhanced properties like UV resistance, flame retardancy, and anti-static behavior in plastic products.
Pigments: They manufactures pigments—organic for bright, vivid colors and inorganic for durability and heat resistance—used in plastics for uniform coloration, stability, and resistance in various industries.
As of June 30, 2025, the company had a total of 32 permanent employees in the Company.
Competitive Strengths:
In-house manufacturing facilities with integrated testing & R&D capabilities
Well diversified customer base spread across various industries & geography
Long term relationship with the customers
Experienced Promoters with Industry Expertise
Objectives of IPO
The Company Mehul Colours IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding of capital expenditure towards setup of a new manufacturing facility
14.63
2
Funding of Working Capital Requirements
4.00
3
General Corporate Purpose
Disclaimer
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