Ducol Organics & Colours Ltd. logo

Ducol Organics & Colours, incorporated on June 16, 1994, offers a range of pigment dispersions and colour solutions for various industries like paints, inks, textiles, detergent, paper, rubber, plastics, leather and FMCG.

Bidding Dates
09 Jan 2023 - 11 Jan 2023
Subscription
44.58x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹124,8001116004.0 M₹7872.21 %₹315.1 MRHP DOC

Ducol Organics & Colours IPO SUBSCRIPTION STATUS

11 Jan '23
Total44.58x
Retail Individual Investor31.01x
HNI (NII) Investors58.15x
Qualified Institutional Buyers-

Ducol Organics & Colours IPO overall subscription rate was 44.58 times the total available shares

Ducol Organics & Colours IPO retail subscription rate was 31.01 times in the retail segment

Ducol Organics & Colours IPO non-institutional investor subscription rate was 58.15 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
11 Jan 2023
(Day 3)
31.01x58.15x-
10 Jan 2023
(Day 2)
4.4x3.36x-
09 Jan 2023
(Day 1)
0.77x1.2x-

Ducol Organics & Colours FINANCIALS

Period Net Profit (Rs in millions) Revenue from Operations (Rs in millions) Cash Flow from Operations (Rs in millions) Free Cash Flow (Rs in millions) Margins
H1FY23 41.7 485.9 99.3 80.6 13.5%
FY22 49.1 879.9 25.1 -17.2 11.3%
FY21 28.1 779.2 96.0 79.0 9.5%
FY20 0.7 731.7 40.5 22.5 6.4%

Ducol Organics & Colours IPO SUBSCRIPTION STATUS DETAILS

Ducol Organics & Colours had 4.0 M shares on offer

Ducol Organics & Colours IPO offer price was ₹78

Ducol Organics & Colours IPO minimum Investment was ₹124800

Ducol Organics & Colours IPO issue size was ₹ 315.1 M

Ducol Organics & Colours had a minimum lot size of 1600 Shares per application

Ducol Organics & Colours NUMBER OF SHARES ON OFFER

Total4.0 M
Fresh Issue4.0 M
Offer for Sale0
Post Issue Promoter Holding %72.21 %

Ducol Organics & Colours IPO IMPORTANT DATES

Issue Open Date09 Jan 2023
Issue close Date11 Jan 2023
Allotment Date16 Jan 2023
Refund Date17 Jan 2023
Demat Account Credit Date18 Jan 2023
Listing Date19 Jan 2023
Listing on Exchange(s)NSE
Ducol Organics & Colours Allotment StatusExchange

Ducol Organics & Colours IPO subscription opened on 09 Jan 2023, and closed on 11 Jan 2023

IPO allotment for Ducol Organics & Colours was finalized on Monday, 16 Jan 2023

IPO listing for Ducol Organics & Colours was on NSE on Thursday, 19 Jan 2023

Ducol Organics & Colours IPO LISTING GAINS

Issue Price (adjusted)78.0
Listing Open Price112.0
Listing Close Price117.5
Listing Gain%43.5%
Current Gain%75.8%

Ducol Organics & Colours Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Ducol Organics & Colours Ltd.137.2199.434.11.31.47.44.3138.671.47.256.7426.4
Sudarshan Chemical Industries Ltd.1157.69219.1104.41.80.90.60.29866.419222.3-6011.159.6
Kiri Industries Ltd.508.43312.80.603.286.579.11015.718.85566.52002.7890.74656.4
Bodal Chemicals Ltd.158.61997.313.900.84.122053.916.947.8158.511.4306.6
Shree Pushkar Chemicals & Fertilisers Ltd.549.61777.419.80.81.511.57.2990.221.270.119.627.725.1
Bhageria Industries Ltd.380.31659.814.70.11.37.85.4880.846.446.11425.9121.9

Ducol Organics & Colours INFORMATION ON IPO ISSUE

About Ducol Organics & Colours

Ducol Organics & Colours, incorporated on June 16, 1994, offers a range of pigment dispersions and colour solutions for various industries like paints, inks, textiles, detergent, paper, rubber, plastics, leather and FMCG.

Object of the Issue

  1. Funding working capital requirements of the company
  2. General corporate purposes

Ducol Organics & Colours - PROMOTERS

Name
Aamer Ahmed Farid
Hani Ahmed Farid

Ducol Organics & Colours Lead Manager of the Issue

First Overseas Capital Limited

satish@focl.in

Ducol Organics & Colours Registrar to the issue

Bigshare Services Private Limited

ipo@bigshareonline.com

Ducol Organics & Colours Strengths

Product diversification and wide product offering

The company enjoys a wide product range with diverse applications across various industries and sectors

Strength

Diverse customer base

The company caters to clients from diverse industries like paints, ink, textile, rubber, plastic, paper, soaps, detergents, etc

Strength

In-house research and development

The company has the latest technology required in this industry and is continually updated with in-house research and development at laboratories

Strength

Ducol Organics & Colours Risks

Outstanding legal proceedings

There are outstanding legal proceedings against the company, which may adversely affect the business, financial condition and results of operations

Risk

No long-term contracts

Customers generally do not enter into long-term contracts. There is no assurance that these customers will continue to purchase from the company or that they will not scale down their orders

Risk

Negative cash flows

The company had negative cash flows in the recent fiscal, and sustained negative cash flow could adversely impact the business, financial condition and results of operations

Risk

IPO FAQs

  • The promoters of the company are Aamer Ahmed Farid and Hani Ahmed Farid.
  • The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
  • The price band of the IPO is Rs 78.0 - 78.0.
  • The IPO application opens on Jan 09, 2023 and closes on Jan 11, 2023.
  • The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
  • For all category investors, the minimum application amount for this IPO is Rs. 124,800.0, the maximum value for this IPO is Rs 124,800.0.
  • This IPO will be allotted on Jan 16, 2023.
  • The refund will be credited to your account on Jan 17, 2023.
  • The allotted shares will be credited to your demat on Jan 18, 2023.
  • Ducol Organics & Colours Ltd.’s shares listed on the stock exchanges on Jan 19, 2023.