Latest news with #MehulColours'
Business Standard
06-08-2025
- Business
- Business Standard
BSE SME Mehul Colours paints the street green on debut
Shares of Mehul Colours was trading at Rs 86.70 on the BSE, a premium of 20.42% compared with the issue price of Rs 72. The scrip was listed at Rs 85, a premium of 18.06% compared with the initial public offer (IPO) price. The stock is currently up 2% over its listing price. The counter hit a high of Rs 89.25 and a low of Rs 85. About 9.38 lakh shares of the company changed hands at the counter. Mehul Colours' IPO was subscribed 7.50 times. The issue opened for bidding on 30 July 2025 and it closed on 1 August 2025. The price band of the IPO was set at Rs 68 to 72 per share. The IPO comprised fresh issue of 30,08,000 shares. The company intends to utilize the net proceeds for funding of capital expenditure towards setup of a new manufacturing facility, funding of working capital requirements and general corporate purpose. Ahead of the IPO, Mehul Colours on 29 July 2025, raised Rs 6.15 crore from anchor investors. The board allotted 8.54 lakh shares at Rs 72 per share to 5 anchor investor. Mehul Colours specializes in the manufacturing of masterbatches, which are key to the plastics industry for adding color and enhancing the functional properties of plastic products. These masterbatches consist of concentrated pigments and additives that are evenly mixed with polymer carriers, enabling the integration of both color and functional properties into plastic items. During the manufacturing process, they ensure even pigment distribution in the plastic resin, avoiding inconsistencies like uneven patches. Masterbatches also improve the visual appearance and provide additional features such as UV resistance, flame retardancy, and antistatic properties. In addition, the company produces and sells customized pigment solutions. These pigments are fine, solid colorants that are blended to meet specific needs, ensuring the right color and performance characteristics tailored to various industry and customer demands. As of 30 June 2025, the company had a total of 32 permanent employees.
Mint
30-07-2025
- Business
- Mint
Mehul Colours IPO Day 1: Subscription status, GMP, other key details you need to know
Mehul Colours IPO Day 1: The issue opened for subscription on July 30, 2025, and will close on August 1, 2025. Check here for subscription status, GMP, other key details you need to know Mehul Colours' IPO was subscribed 0.92 times by 3:30 PM on 30 July. The public issue had been subscribed 0.25 times by individual investors, 0.47 times by QIBs, and 3.07 times by NIIs. Mehul Colours' IPO bidding commenced on July 30, 2025, and will finish on August 1, 2025. The allotment for the Mehul Colours IPO is planned to be completed on Monday, August 4, 2025. Mehul Colours' IPO will be listed on BSE SME, with a tentative listing date of Wednesday, August 6, 2025. Mehul Colours IPO is a book-building issue of ₹ 21.66 crores. The offering is for a fresh issue of equity shares totaling 30.08 lakh shares. Mehul Colours' IPO price range, or price band, had been set from ₹ 68 to ₹ 72 per share. The lot size for an application is 1,600. However, minimum bid size s for 3200 shares. Individual investors (retail) require a minimum investment of two lots; the investment is 217,600 for 3,200 shares . The minimum investment for HNI is 3 lots (4,800 shares) of ₹ 345,600. Seren Capital Private Limited is the book-running lead manager for the Mehul Colours IPO, and Bigshare Services Pvt Ltd is the registrant. Asnani Stock Broker Private Limited is the market maker for the Mehul Colours IPO. Mehul Colours IPO GMP, or Grey Market Premium, stood at Nil on July 30. This means that the shares of Mehul Colours are trading without any premium over the upper band of the issue price of ₹ 72 in the grey market. This also means that investors are expecting a listing of Mehul Colours shares without any premium and close to the upper band of the issue price of ₹ 72. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
