Bhatia Colour Chem is engaged in trading& manufacturing of Chemicals, Dyes and Auxiliaries products.
| Bidding Dates |
|---|
| 14 Mar 2022 - 16 Mar 2022 |
| Subscription |
|---|
| 1.43x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,000 | 1 | 1 | 1600 | 5.0 M | ₹80 | 59.13 % | ₹400.0 M | RHP DOC |
Bhatia Colour Chem IPO SUBSCRIPTION STATUS
16 Mar '22Bhatia Colour Chem IPO overall subscription rate was 1.43 times the total available shares
Bhatia Colour Chem IPO retail subscription rate was 0.18 times in the retail segment
Bhatia Colour Chem IPO non-institutional investor subscription rate was 2.69 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
14 Mar 2022 (Day 1) | 0.03x | 0.52x | - |
15 Mar 2022 (Day 2) | 0.05x | 2.15x | - |
16 Mar 2022 (Day 3) | 0.18x | 2.69x | - |
Bhatia Colour Chem 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) |
| 11MFY21 | 3.5 | 53.2 | -139.4 | -142.5 |
Bhatia Colour Chem IPO SUBSCRIPTION STATUS DETAILS
Bhatia Colour Chem had 5.0 M shares on offer
Bhatia Colour Chem IPO offer price was ₹80
Bhatia Colour Chem IPO minimum Investment was ₹128000
Bhatia Colour Chem IPO issue size was ₹ 400.0 M
Bhatia Colour Chem had a minimum lot size of 1600 Shares per application
Bhatia Colour Chem NUMBER OF SHARES ON OFFER
Bhatia Colour Chem IPO IMPORTANT DATES
| Issue Open Date | 14 Mar 2022 |
| Issue close Date | 16 Mar 2022 |
| Allotment Date | 21 Mar 2022 |
| Refund Date | 22 Mar 2022 |
| Demat Account Credit Date | 23 Mar 2022 |
| Listing Date | 24 Mar 2022 |
| Listing on Exchange(s) | BSE |
| Bhatia Colour Chem Allotment Status | Exchange |
Bhatia Colour Chem IPO subscription opened on 14 Mar 2022, and closed on 16 Mar 2022
IPO allotment for Bhatia Colour Chem was finalized on Monday, 21 Mar 2022
IPO listing for Bhatia Colour Chem was on BSE on Thursday, 24 Mar 2022
Bhatia Colour Chem IPO LISTING GAINS
| Issue Price (adjusted) | 80.0 |
| Listing Open Price | 40.0 |
| Listing Close Price | 42.0 |
| Listing Gain% | -50.0% |
| Current Gain% | -62.4% |
Bhatia Colour Chem Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bhatia Colour Chem Ltd. | 30.1 | 36.8 | 10.2 | -7.8 | 0.2 | 4 | 2.8 | 155 | 23.9 | 4.2 | 14.1 | 3 | -1.3 |
| Pidilite Industries Ltd. | 1660 | 168953.2 | 63.8 | 3 | 11 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2615 | 77515.1 | 35.9 | 0.7 | 4.6 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4518.1 | 49631.3 | 85.9 | 14.7 | 9.9 | 7.3 | 4.9 | 5038 | 3.8 | 578 | 5.8 | 52.6 | 5.9 |
| Himadri Speciality Chemical Ltd. | 752.6 | 37975.8 | 47.5 | 1.6 | 7.6 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Aether Industries Ltd. | 1591.6 | 21122.5 | 89.8 | 2.6 | 17.3 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
Bhatia Colour Chem INFORMATION ON IPO ISSUE
About Bhatia Colour Chem
Bhatia Colour Chem is engaged in trading& manufacturing of Chemicals, Dyes and Auxiliaries products.
Object of the Issue
- Acquire partnership firm M/s Polychem Exports
- Working capital
- General corporate purposes
Bhatia Colour Chem - PROMOTERS
| Name |
|---|
| Bharat Bhatia |
| Rameshchand Bhatia |
Bhatia Colour Chem Lead Manager
Interactive Financial Services Limited
mbd@ifinservices.com
Bhatia Colour Chem Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Bhatia Colour Chem Strengths
Experienced management team
The company has experienced Promoters with sound market knowledge, their relations with suppliers and customers are excellent. Marketing Strategy and management acumen have been useful in implementing the growth strategy
Specialized in developing and marketing
The Company has also developed value-added printing products for getting better value realization
Cordial relations with customers
The easy access to the promoters by the client and immediate solution of their problems by the Company develop cordial relations with customers
Bhatia Colour Chem Risks
Outstanding litigations
There are outstanding litigations against promoters which could adversely impact financial conditions
High working capital requirement
Company is subject to high working capital requirements and inability to fund these requirements in a timely manner may adversely impact the financial performance
IPO FAQs
The promoters of the company are Bharat Bhatia and Rameshchand Bhatia.
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 80.0 - 80.0.
The IPO application opens on Mar 14, 2022 and closes on Mar 16, 2022.
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. 128,000.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on Mar 21, 2022.
The refund will be credited to your account on Mar 22, 2022.
The allotted shares will be credited to your demat on Mar 23, 2022.
Bhatia Colour Chem Ltd.’s shares listed on the stock exchanges on Mar 24, 2022.