Unitec Fibres IPO
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Unitec Fibres IPO details
Schedule of Unitec Fibres
| Issue open date | 23 Sep 2026 |
| Issue close date | 25 Sep 2026 |
| UPI mandate deadline | 25 Sep 2026 (5 PM) |
| Allotment finalization | 28 Sep 2026 |
| Refund initiation | 29 Sep 2026 |
| Share credit | 29 Sep 2026 |
| Listing date | 30 Sep 2026 |
| Mandate end date | 10 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 27 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 26 Dec 2026 |
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 Unitec Fibres
Unitec Fibres Limited manufactures recycled polyester staple fibre from polyethylene terephthalate flakes, chips, and post-consumer waste. The company operates two manufacturing facilities in Tarapur, Maharashtra, and generates revenue through the sale of recycled polyester staple fibre products across domestic and international markets. Its product offerings primarily serve business-to-business institutional buyers in end-user industries including home furnishings, automobiles, non-woven fabrics, and textiles. The company also generates revenue through Extended Producer Responsibility certificates derived from its recycling operations and government incentives such as duty drawbacks. The company relies on transactional purchase orders from its customer base without long-term contracts and sources raw materials from local vendors and suppliers. Its operations encompass processing, extrusion, and fibre production to cater to specific quality standards and customer requirements.
Financials of Unitec Fibres
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 34.47 |
| Fresh Issue – Proceeds go to the company | 34.47 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Repayment / Prepayment of Borrowings | 31 (89.93%) |
| General Corporate Purposes | 3.47 (10.07%) |
Strengths
- Established RPSF manufacturing setup using recycled PET waste.
- Geographic presence across domestic and international markets.
- In-house production setup backed by ISO and OEKO-TEX certifications.
- Revenue generation capability from EPR credits.
- Diversified customer base across auto, textile, and furnishing sectors.
Risks
- Revenue is geographically concentrated in Gujarat, Maharashtra, Tamil Nadu, and Haryana.
- High dependence on top customers without long-term contractual supply agreements.
- Procurement relies heavily on a limited group of raw material suppliers.
- A major portion of revenue depends solely on recycled polyester staple fibre sales.
- Potential conflicts of interest exist with group entities operating in similar businesses.