Mehul Colours IPO
GMP, Subscription, Price, Dates & Financial Details
Dyes & Pigments
Incorporated in 1995, Mehul Colours & Masterbatches Pvt. Ltd., is engaged in the manufacturing and exporting of masterbatches in India.Product Portfolio:Masterbatches:Types: White, black, color, additive, special effect, and filler masterbatchesApplications: Used to provide uniform coloration…
Open Date
Wed, 30 Jul 2025
Close Date
Fri, 01 Aug 2025
Price Band
₹ 68 – 72
Lot Size
1600
Issue Size
₹ 21.66 Cr
Minimum Investment
₹ 230,400 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Mehul Colours IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹21.66 Crore, comprising a fresh issue of 30.08 Lakh equity shares aggregating to ₹21.66 Crore.
The Mehul Colours IPO remained open for subscription from July 30, 2025, to August 01, 2025. The basis of allotment was finalized on August 04, 2025, and the company's shares were listed on BSE SME Platform on August 06, 2025.
The company had fixed the price band at ₹68 to ₹72 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹230,400 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Seren Capital Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Mehul Colours Ltd is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Mehul Colours IPO Timeline (Tentative)
- IPO Open Date
- Wed, 30 Jul 25
- IPO Close Date
- Fri, 01 Aug 25
- Basis of Allotment
- Mon, 04 Aug 25
- Initiation of Refunds
- Tue, 05 Aug 25
- Credit of Shares to Demat
- Tue, 05 Aug 25
- Listing Date
- Wed, 06 Aug 25 — NSE & BSE
Open Date
30 July 2025
Close Date
01 August 2025
Basis Of Allotment
04 August 2025
Listing Date
06 August 2025
IPO Subscription
Check Live Subscription →The Mehul Colours IPO has received bids for 1,61,60,000 shares against 21,53,600 shares offered, resulting in an overall subscription of 7.5x. the NII category is subscribed 8.32x, Retail Investors 3.59x, and QIBs 13.54x.
QIB
13.54x
NII
8.32x
RII
3.59x
Total
7.5x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 10,01,600 shares, representing 46.51% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,71,200 shares (26.52%), while Non-Institutional Investors (NIIs) receive 5,80,800 shares (26.97%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 571,200 | 26.52% |
| Non-Institutional | 580,800 | 26.97% |
| Retail Investors | 1,001,600 | 46.51% |
| Total | 2,153,600 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 18.95 | 13.87 | 10.82 |
| Revenue | 23.71 | 22.66 | 21.37 |
| Profit After Tax | 5.5 | 3.22 | 2.94 |
| Net Worth | 17.06 | 11.56 | 8.36 |
| Reserve & Surplus | 9.52 | 11.27 | 8.07 |
| Total Borrowings | 0 | 0.36 | 0 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Mehul Colours Ltd KPI Information
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 38.46 | 32.32 | 42.68 |
| ROCE % | 43.53 | 36.67 | 49.41 |
| Debt / Equity | 0 | 0.03 | 0 |
| RoNW % | 32.26 | 27.85 | 35.17 |
| Pat Margin % | 24.11 | 14.67 | 13.88 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Mehul Colours Ltd | 10 | 0.00 | 7.30 | 7.30 | 32.26 | 22.62 |
| Polylink Polymers (India) Ltd | 5 | 28.00 | 0.96 | 0.96 | 7.13 | 13.52 |
| Deep Polymers Limited | 10 | 25.68 | 2.13 | 2.13 | 5.75 | 38.47 |
About Mehul Colours Ltd
Incorporated in 1995, Mehul Colours & Masterbatches Pvt. Ltd., is engaged in the manufacturing and exporting of masterbatches in India.
Product Portfolio:
- Masterbatches:
- Types: White, black, color, additive, special effect, and filler masterbatches
- Applications: Used to provide uniform coloration and enhance properties like UV resistance, flame retardancy, anti-static behavior, and more in plastic products
- Additives include: UV Stabilizers, Slip/Anti-block agents, Flame Retardants, Impact Modifiers, and others
- Pigments:
- Types: Organic (bright, vivid colors) and inorganic (durability, heat resistance)
- Used in custom pigment solutions for various customer needs
Facilities:
- Location: Tungareshwar Industrial Estate, Vasai East, Mumbai, Maharashtra
- Units:
- Unit 1: Annual capacity of 10,56,000 kg, built-up area 3,200 sq. ft.
- Unit 2: Annual capacity of 2,28,000 kg, built-up area 3,200 sq. ft.
Operations & Customers:
- Employee Strength (as of June 30, 2025): 32 permanent employees
- Customer Base: 500+ customers across diverse industries such as:
- Stationery, toys, household products, agricultural tools, pipes, fittings, packaging, wires, cables, electrical accessories, sheets, etc.
Competitive Strengths:
- In-house manufacturing with R&D and testing capabilities
- Diversified customer base across multiple industries and regions
- Long-term client relationships
- Experienced promoters with deep industry knowledge
Mehul Colours IPO Promoters
- Mehul Pravinchandra Joshi
- Bhakti Mehul Joshi
Promoters Holding
Holding Pre Issue
96.86%
Holding Post Issue
0.00%
Mehul Colours IPO Objective
Our Company intends to utilize the Proceeds of the Issue to meet the following objects.
- Funding of capital expenditure towards setup of new manufacturing facility
- Funding of Working Capital Requirements
- General Corporate Purpose
Mehul Colours Ltd Address / Contact Details
Mehul Colours Ltd.
Unit No - A 305,306, Kemp Plaza, Link Road,
Chincholi Bunder Road, Mind Space,
Near Evershine Mall, Malad West
Mumbai, Maharashtra, 400064
Phone: +91-22-2872 3555
Email: info@mehulcolours.com
Website: https://www.mehulcolours.com/
IPO Snapshot
Mehul Colours IPO Lot Size
The Mehul Colours IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,30,400 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,30,400.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 230,400.00 |
| Retail (Max) | 2 | 3,200 | 230,400.00 |
| S-HNI (Min) | 3 | 4,800 | 345,600.00 |
| S-HNI (Max) | 8 | 12,800 | 921,600.00 |
| B-HNI (Min) | 9 | 14,400 | 1,036,800.00 |
Issue Reservation
- QIB — 26.52%
- NII — 26.97%
- RII — 46.51%
Book Running Lead Managers
- Seren Capital Private Limited
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Mehul Colours IPO?
Mehul Colours IPO is a Book-building IPO with a total issue size of ₹21.66 crore. The Mehul Colours IPO price band is ₹68 to 72 per share. The Mehul Colours IPO subscription opens on Wed, Jul 30, 2025, and closes on Fri, Aug 1, 2025. The Mehul Colours IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Mehul Colours IPO.
When will the Mehul Colours IPO open for subscription?
The Mehul Colours IPO opens on Wed, Jul 30, 2025 and closes on Fri, Aug 1, 2025
What is Mehul Colours IPO Price Band?
Mehul Colours IPO Price Band is ₹68 to 72 per share.
What is Mehul Colours IPO Lot Size?
Mehul Colours IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹230400 based on the upper price band
What is the minimum investment for Mehul Colours IPO?
The minimum investment for Mehul Colours IPO is ₹230400, based on one lot of 1600 shares at the upper price band of ₹72 per share.
How to apply for Mehul Colours IPO?
Investors can apply for the Mehul Colours IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 1, 2025. The application amount remains blocked until the Mehul Colours IPO allotment is finalized.
What is Mehul Colours IPO Issue Size?
Mehul Colours IPO issue size is ₹21.66 crores.
What is the Mehul Colours IPO Allotment Date?
Mehul Colours IPO allotment date is Mon, Aug 4, 2025.
Who is the Mehul Colours IPO Registrar?
The registrar for Mehul Colours IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Mehul Colours IPO allotment status, refund processing, and other IPO-related information.
What is the Mehul Colours IPO GMP?
The Mehul Colours IPO GMP (Grey Market Premium) is ₹11 as of Wed, Aug 6, 2025. Based on the upper price band of ₹72 per share, the estimated Mehul Colours IPO listing price is ₹83, indicating a potential listing gain of approximately 15.28% over the issue price.
Who is the Mehul Colours IPO Lead Manager?
The book-running lead managers (BRLMs) for the Mehul Colours IPO are Seren Capital Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Mehul Colours IPO Red Herring Prospectus (RHP).