Mehul Colours IPO
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Schedule of Mehul Colours
| Issue open date | 30 Jul 2025 |
| Issue close date | 01 Aug 2025 |
| UPI mandate deadline | 01 Aug 2025 (5 PM) |
| Allotment finalization | 04 Aug 2025 |
| Refund initiation | 05 Aug 2025 |
| Share credit | 05 Aug 2025 |
| Listing date | 06 Aug 2025 |
| Mandate end date | 18 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 03 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 02 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Mehul Colours
Incorporated in 1995, Mehul Colours Ltd specializes in manufacturing masterbatches, which are used in the plastics industry to enhance colour and functional properties of plastic products.
The company offers a broad range of products, including colour masterbatches, additive masterbatches, special effect masterbatches and filler masterbatches, serving industries such as packaging, agriculture, electrical components and consumer goods. In addition to masterbatches, Mehul Colours also sells pigments, which are blended to create customized pigment solutions for specific industry and customer needs. These pigments are solid colourants in fine particle form, used to impart colour to plastic products.
With two manufacturing units in Vasai, Mumbai, and an R&D centre focused on quality control and product development, the company maintains production capacity of 1.28 million kg annually.
Financials of Mehul Colours
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹21.66 crores |
| Fresh issue | ₹21.66 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding of capital expenditure towards setup of a new manufacturing facility | 14.63 (67.5%) |
| Working capital requirements | 4.00 (18.46%) |
| General corporate purposes |
Strengths
- In-house manufacturing facilities with integrated testing & R&D capabilities
- Diversified customer base spread across industries and geography
- Long standing relationship with major customers
- Promoters’ extensive industry experience
Risks
- Masterbatch sales comprising 84% of revenue(FY25), pose a risk to overall business performance if sales drop
- Dependence on few suppliers without contracts may disrupt operations
- Highly competitive industry combined with regulatory challenges
- The loss of leased facilities, including manufacturing and office spaces, may disrupt operations and increase costs