Ushanti Colour Chem Limited SME IPO

Incorporated in 1993, Gujarat based Ushanti Colour Chem Limited is a company engaged in the business of manufacturing and trading of Dyestuffs. The company has 3 manufacturing facilities, spread over 2,739 sq. meters, located at Vatva GIDC in Gujarat. It also has its own Ice generation machinery. Ushanti generates around 41% of its revenue from the Domestic market while the rest 59% is generated from its export operations.

Ushanti offers its products through traders. The manufactured dyes are sold as per the orders received by parties either directly from manufacturers or traders.

 

New Project Features

 

Expansion Phase I & II : Turquoise Blue Dyestu, Pigments & Intermediates

 

Phase III : Funding for Phase III will be through an FPO of Rs 100 crores (approximately) after migrating it to the main board.

 

Company Promoters: Maunal Gandhi and Minku Gandhi

Company Financials

Particulars For the year/period ended (in Lakhs)
 Summary of financial information (Restated) 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
 Total Assets 2,273.94 2,238.70 2,022.31 1,889.78
 Total Revenue 2,962.10 2,511.31 2,970.96 3,541.98
 Profit After Tax 137.78 37.97 28.36 222

Issue Details

Ushanti Colour Chem Limited - SME IPO
 Issue Open  23 – 25 July, 2018
 Issue Price  Rs 60 Per Equity Share 
 Market Lot  2000 Shares 
 Issue Size  1,926,000 Equity Shares of Rs 10, up to Rs 11.56 cr  
 Face Value  Rs 10 Per Equity Share 
 Listing At  NSE SME


 Objectives

 

 1. Setting up of dyestuff, pigment and intermediate manufacturing facility at   Saykha

 2. Prepayment of installments on land taken at Saykha, GIDC & repayment of   Secured Bridge Loan taken from  Banks for acquiring new project land 

 3. General corporate purposes

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