January 19, 2023
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Ducol Organics & Colours IPO Analysis at Chanakyanipothi.com
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Ducol Organics IPO Listing Estimate:
The IPO received good response and looking to its profitability and its trends in the grey market, the IPO is expected to get listed in the range of Rs. 95 to 105
Ducol Organics IPO Grey Market updates
Observations: (?)
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Ducon Subscription Status
# On 11 January 2022 @ 5.00 pm (Closed)
NII: 1819200 Shares, 58.15T
RII: 1819200 Shares, 31.11T
Total: 3638400 Shares 44.63T
Ducol Organics & Colours: Company Details
The company offers a range of pigment dispersions for various industries like Paints, Inks, Textile, Detergent, Paper, Rubber and Plastics. color solutions for various industries like paints, ink, textile, rubber, plastic, leather, paper, soaps, detergents and FMCG. The Company is engaged in the business of manufacturing and selling of pigment dispersions, preparations, concentrates, paste colorants and master batches.
It has a pan-India customer base, with integrated operations which involves development, manufacturing, marketing and distribution of a wide range of dispersions & masterbatches primarily to industries such as paints, ink, textile, rubber, plastic, leather, paper, soaps, detergents and FMCG.
Its laboratories are well equipped to develop process capabilities and product application techniques.
Currently it is operating out of 2 units in Taloja and a third unit at Mahad is in process of getting established with trials currently being conducted.
It caters to clients from diverse industries like paints, ink, textile, rubber, plastic, paper, soaps, detergents etc. It has over the years established relationships with various clients across these industries and continue to serve them its product offerings. The diverse customer base acts as a natural hedge against any recessionary environment that may affect a particular industry where we supply our products.
For more information about the company, Click www.ducol.com
| Ducol Organics IPO Details | |
| IPO opens on | 9 January 2023 |
| IPO closes on | 11 January 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4040000 Sh /Rs 31.51 Cr |
| * Fresh Issue | 4040000 Sh /Rs 31.51 Cr |
| * Offer for Sale | – Shares /Rs (?)Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.78 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (0 %) | – | – |
| NII (50 %) | 1819200 | 14.19 |
| RII (50 %) | 1819200 | 14.19 |
| Total Shares | 3638400 | 28.38 |
| Retail portion will be oversubscribed by | 1137 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 1600 Sh | Rs. 124800 |
| Max Retail Application | 3200 Sh | Rs. 124800 |
Promoters of the IPO
AAMER AHMED FARID AND HANI AHMED FARID
Objects of the IPO:
The Company intends to utilize the Net Fresh Issue Proceeds for funding working capital requirements.
| Ducol Organics IPO Tentative timetable | |
| IPO opens on | 9 January 2023 |
| IPO Closes on | 11 January 2023 |
| IPO Allotment on | 16 January 2023 |
| Unblocking of ASBA | 17 January 2023 |
| Credit of Shares | 18 January 2023 |
| Listing on | 19 January 2023 |
| Registered Office of Ducol Organics |
| Office No 302, Express Building, 14-E Road, Churchgate, Mumbai – 400020, Maharashtra, |
| IPO Lead Managers |
| First Overseas Capital ltd |
| Registrar to the IPO |
| Bigshare Services Pvt Ltd. |
| Ducol Organics IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 73.72 | 0.07 | 0.07 | 0.50 |
| 2020-21 | 78.85 | 2.81 | 2.81 | 17.47 |
| 2021-22 | 88.94 | 4.91 | 4.91 | 23.50 |
| Book Value of the Share on | 31.03.2022 | Rs.19.90 | ||
| Book Value of the Share | after the IPO | Rs. | ||
| Offer Price | Rs. 78 | |||
| Ratio Analysis | |
| Upper Price/last EPS | 15.88 |
| Upper price/BV Ratio | 3.92 |
| Upper price/BV after IPO | |
Eastern Logica IPO Peer Comparison
| As on date of DRHP | PE |
| Ratio of | |
| The IPO Company | ? |
| Aksharchem | 21.74 |
| Asahi Songwon Colors | 13.8 |
| Clariant Chemicals | 23.56 |
| Vipul Organics | 27.25 |
| Ultramarine & Pigments | 16.11 |
| Sudarshan Chemical | 39.57 |
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