Sharescart Research Club logo
Apollo Green 56 (-6.7%)Axles India 505 (-3.8%)Bira 78 (-27.8%)CIAL 438 (0%)CSK 264 (0%)ESDS Software 458 (2.9%)Garuda Aerospace 478 (-1.4%)Hero Fincorp 1045 (-0.5%)HPX India 28 (-3.4%)Incred Holdings 150 (-1.3%)India Carbon 895 (0%)Indian Potash 2850 (0%)Inox Clean 725 (-3.3%)Insolare Energy 185 (0%)Lava 52 (8.3%)Motilal Oswal 12.5 (4.6%)MSEI 6.25 (-3.8%)NCDEX 384 (-5.2%)NeRL 56 (-3.4%)NSE 2050 (6.5%)Orbis Financial 425 (4.9%)OYO 24 (0%)OYO Assets 9.95 (-17.1%)Pharmeasy 6.25 (8.7%)Polymatech Electronics 60 (-3.2%)RRP S4E 168 (0%)SBI Mutual 775 (0%)Taparia Tools 6050 (0%)Ticker Ltd 32 (0%)Zepto 48 (-4%)

15 Days Price Change

Mehul Colours IPO

Closing In

  • days
  • Hours
  • Minutes
  • Seconds
Profile
Issue Size 15.51 Cr
Profile
Price Range 68  to  72 per share
Profile
Min Investment ₹72
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

In addition to manufacturing masterbatches, our Company is also engaged in the sale of pigments, which are blended by us to create customized pigment solutions tailored to specific industry and customer requirements. Pigments are solid colourants in fine particle form that provide colour to plastic products. For the six months ending September 2024, Masterbatches and Pigments contributed 81.56% and 18.44% respectively to our revenue from operations of Rs. 1081 lakhs. For the F.Y. 2023-24, masterbatches and pigments accounted for 82.29% and 17.71% respectively of the revenue of operations of Rs. 2,193.64 lakhs. Read More

Basic Info

Face Value 10 per share

Price 68  to  72 per share

P/E (x) 9.9

Sales( Cr.) 23

PAT( Cr.) 6

EPS 7.3

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Mehul Pravinchandra Joshi Bhakti Mehul Joshi

Pre Issue Share Holding 96.86%

Post Issue Share Holding 69.23%

Listing Details:

Listing Price: 85

Listing Gain: 15.29%

Current Price: 66.9

Gain On Issue: 66.9 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 30, 2025
Closing Date Aug 01, 2025
Allotment Aug 04, 2025
Refund Aug 05, 2025
Delivery of Shares Aug 05, 2025
Listing Date Aug 06, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3200 230,400
Retail (Max) -- -- --
S-HNI (Min) 1 3200 230,400
S-HNI (Max) 4 12800 921,600
B-HNI (Min) 5 16000 1,152,000

Objective of the Issue

1. Funding of capital expenditure towards setup of a new manufacturing facility 2. Funding of Working Capital Requirements 3. General Corporate Purpose

Issue

Category Nos Bid Bid (x)
QIB 571200 7734400 13.5x
NII 580800 4832000 8.3x
Retail 1001600 3593600 3.6x
EMP 0 0 0x
Total 2153600 16160000 7.5x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Mehul Colours Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 20 21 22 23
Other Income 0 0 1 1
Total Income 20 21 23 24
Total Expenditure 18 17 18 16
Operating Profit 2 4 5 8
Interest 0 0 0 0
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 2 4 4 7
Provision for Tax 0 1 1 2
Profit After Tax 1 3 3 6
Adjustments 0 0 0 0
Profit After Adjustments 1 3 3 6
Adjusted Earnings Per Share 1.9 3.9 4.3 7.3

Mehul Colours Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 5 8 12 17
Minority's Interest 0 0 0 0
Borrowings 0 0 0 0
Other Non-Current Liabilities 0 0 0 0
Total Current Liabilities 4 2 2 2
Total Liabilities 9 11 14 19
Fixed Assets 1 1 1 2
Other Non-Current Assets 0 3 5 7
Total Current Assets 8 7 8 9
Total Assets 9 11 14 19

Mehul Colours Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 1 2
Cash Flow from Operating Activities 0 5 2 2
Cash Flow from Investing Activities -0 -3 -1 -2
Cash Flow from Financing Activities 0 -0 0 -0
Net Cash Inflow / Outflow 0 1 1 -1
Closing Cash & Cash Equivalent 0 1 2 1

Mehul Colours Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.92 3.9 4.27 7.3
CEPS(Rs) 2.24 4.21 4.69 7.76
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 7.19 11.08 15.33 22.62
Core EBITDA Margin(%) 10.54 19.85 18.24 30.29
EBIT Margin(%) 9.87 19.64 20.07 32.66
Pre Tax Margin(%) 9.57 19.36 19.82 32.44
PAT Margin (%) 7.14 13.88 14.67 24.11
Cash Profit Margin (%) 8.34 14.98 16.13 25.64
ROA(%) 15.4 28.87 25.69 33.51
ROE(%) 26.68 42.68 32.32 38.46
ROCE(%) 34.56 58.81 43.42 51.45
Receivable days 122.37 91.94 63.45 74.37
Inventory Days 18.96 21.62 27.42 31.35
Payable days 59.95 58.82 32.88 21.41
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.03 -0.04 -0.06 0.27
EV/Core EBITDA(x) 0.26 -0.18 -0.3 0.8
Net Sales Growth(%) 0 4.53 3.58 4.04
EBIT Growth(%) 0 107.98 5.85 69.33
PAT Growth(%) 0 103.33 9.48 71
EPS Growth(%) 0 103.33 9.48 70.97
Debt/Equity(x) 0.07 0 0.03 0
Current Ratio(x) 2.18 2.66 3.38 6.02
Quick Ratio(x) 1.9 2.08 2.61 4.69
Interest Cover(x) 32.73 70.49 80.04 146.74
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 5% 5% 0% 0%
Operating Profit CAGR 60% 59% 0% 0%
PAT CAGR 100% 82% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 38% 38% 35% 35%
ROCE Average 51% 51% 47% 47%

Company Contact Information

Mehul Colours Ltd.

Shilpa Karan Mehta

+91-22-28723555

info@mehulcolours.com

Unit No - A 305,306, Kemp Plaza, Link Road Chincholi Bunder Road, Mind Space Near Evershine Mall, Malad (West)

IPO Lead Manager(s)

Mehul Colours Ltd.

Seren Capital Pvt Ltd.

Registrar Info

Mehul Colours Ltd.

Bigshare Services Pvt Ltd

Office No S6-2, 6th Floor, Pinnacle Business Park,ext to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai - 400093 (old address - Bharat Tin Works building, 1st floor, Opp. Vasant Oasis, Andheri East Mumbai - 400 059 Tel: + 91 21 626 38200 Fax:

91-022-62638200

91-022-62638299

Investor@bigshareonline.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

Wealth Icon
Don’t Miss Out on Unlisted Shares

Open your account today and gain instant access to top unlisted shares and pre-IPO opportunities.

whatsapp