Bhatia Colour Chem IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Bhatia Colour Chem IPO release date, IPO offer price, subscription, Bhatia Colour Chem Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 80 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | NA |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 4000 Lakhs |
| IPO Size | Rs 4000 Lakhs |
| Tick Size | 1 |
Bhatia Colour Chem IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Bhatia Colour Chem IPO – Summary
Their Company was originally incorporated as ―Bhatia Colour Chem Limited under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated December 10, 2021 bearing Corporate Identification Number U24290GJ2021PTC127878 issued by the Registrar of Companies, Central Registration Center.
Subsequently, their Company filed the forms of conversion to change the CIN of the Company from ―PTC to ―PLC pursuant to a special resolution passed by their shareholders at the EGM held on January 21, 2022 and consequently the name of their Company was remain same as ―Bhatia Colour Chem Limited‖ and a fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad dated February 10, 2022. The CIN of the Company is U24290GJ2021PLC127878.
The Promoter of this company is Mr. Bharat Bhatia, Mr. Ramesh Bhatia and Mr. Ravi Bhatia. The lead manager to the issue is INTERACTIVE FINANCIAL SERVICES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Bhatia Colour Chem IPO Date
The opening and the closing date of Bhatia Colour Chem IPO are Mar 14, 2022 and Mar 16, 2022.
Bhatia Colour Chem IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 14th March | 0.52x | 0.03x | 0.27x |
| 2nd Day – 15th March | 2.15x | 0.05x | 1.10x |
| 3rd Day – 16th March | 2.69x | 0.18x | 1.43x |
| Shares Offered or Net Issue | 2,368,000 | 2,368,000 | 4,736,000 |
The shares subscribed by the public will be updated here.
Check Bhatia Colour IPO LIVE Subscription
- Bhatia Colour Chem IPO LIVE Bid details on BSE
- Bhatia Colour Chem IPO LIVE Bid details on SME
For the Latest Bid details click on the above links.
Bhatia Colour IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Bhatia Colour Chem Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Bhatia Colour Chem IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.80
Bhatia Colour Chem IPO Equity Size
This Initial Public Issue of 5,000,000 Equity Shares of Rs.10 each for cash at a price of Rs.80 per equity share aggregating to Rs.4000 Lakhs.
Bhatia Colour Chem IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,000,000 Equity Shares of Rs.10/ each.
Issue Size: 5,000,000 Equity Shares of Rs.10 each, aggregating to Rs.4000 Lakhs
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Bhatia Colour Chem IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Bhatia Colour Chem Share Price |
Bhatia Colour Chem IPO Grey Market Premium
The Bhatia Colour Chem Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Bhatia Colour Chem IPO – Company Overview
The Company is in trading& manufacturing of Chemicals, Dyes and Auxiliaries products.
Company produce finished Textile Auxiliaries& Chemicals by mixing basic Textile Auxiliaries& Chemicals with our standardised formulation of chemicals with the help of stirrers.
The Company produce Foil Binders, Printing Inks and Zari Binders in our Company with the variety of ranges and specialisation as per the demand of the client.
Bhatia Colour Chem IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |
| 18-02-2022 | |
| Total Assets | 3,727.56 |
| Total Revenue | 531.96 |
| Total Expense | 479.92 |
| Profit After Tax | 35.30 |
Earnings per Equity Share (in Lakhs)
| 18-02-2022 | |
| Basic & Diluted | 1.43 |
Further, their PAT for the period ended on February 18, 2022 were Rs.35.30 respectively.
Bhatia Colour Chem IPO – Promoters
The Promoter of this company is:
- Mr. Bharat Bhatia
- Mr. Ramesh Bhatia
- Mr. Ravi Bhatia
List of Related Parties (Key Managerial Personnel)
- Bharat Brijlal Bhatia, Managing Director
- Rameshchand Chanduram Bhatia, Whole Time Director
- Ravi Ashokkumar Bhatia, Whole Time Director
- Nevil Pramesh Soni, Independent Director
- Rutu Milindbhai Sanghvi, Independent Director
- Insiya Qaidjohar Nalawala, Independent Director
Bhatia Colour IPO – Promoters Holding
- Pre Issue Share Holding – 74.65%
- Pos Issue Share Holding – 44.14%
Bhatia Colour Chem IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 50,00,000 Equity Shares aggregating up to Rs.4000 Lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,64,000 Equity Shares aggregating up to Rs.211.20 Lakhs |
| Net Issue to the Public | Up to 47,36,000 Equity Shares aggregating up to Rs.3788.80 Lakhs |
| Of which: | |
| Retail Investors Portion | Not less than 23,68,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 23,68,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 72,33,750 Equity Shares |
| Equity Shares outstanding after the Issue | 1,22,33,750 Equity Shares |
Bhatia Colour IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Acquire partnership firm M/s Polychem Exports
2. Working Capital
3. General Corporate Purposes
Bhatia Colour Chem IPO – Business Strategy
- Geographical expansion
- In organic growth
- Improve Operational efficiencies
Bhatia Colour Chem IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters
- Inorganic growth by the Company
- Established business is taken over by the Company
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 18-March-2022 | 1.43 | 2.12 | 23.04 |
Bhatia Colour IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Bhatia Colour Chem Limited | 10 | 55.90 | 1.43 | 2.12 | 531.96 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Bhatia Colour Chem IPO Lead Managers
| Lead Managers |
| INTERACTIVE FINANCIAL SERVICES LIMITED Address:A-1006, Premium House, Behind Handloom House, Ashram Road, Ahmedabad – 380009, Gujarat, India Tel No.:+079-2658-1240 Web Site : www. ifinservices.com Email : mbd@ifinservices.com Investor Grievance Email: info@ifinservices.com Contact Person: Ms. Jaini Jain SEBI Reg No :INM000012856 |
Bhatia Colour IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address: 1st Floor, Bharat Tin works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai-400059 Tel No:+91 22-62638200 Fax No +91 22-62638280 Website: www.bigshareonline.com E-Mail: ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Swapnil Kate SEBI Reg. No.: INR000001385 |
Bhatia Colour Chem IPO – Other Details
- Statutory Auditor – DSI & Co., Chartered Accountants
- Legal Counsel to the Company – Dipak C. Kokas, Advocate
- Bankers to the Company – HDFC Bank Limited
Bhatia Colour IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Bhatia Colour Chem Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Bhatia Colour Chem IPO Review FAQs
Ques – What is the Issue Size of Bhatia Colour IPO?
Answer – The Company is making an initial public offer of 5,000,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band of Bhatia Colour Chem IPO?
Answer – The price band for this particular IPO ranges between Rs.80. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Bhatia Colour IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 14, 2022, while the closing date is set at Mar 16, 2022.
Ques – What is the Bhatia Colour Chem IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the Bhatia Colour IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Bhatia Colour Chem IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Bhatia Colour IPO?
Answer – Here are the promoters of this IPO – Mr. Bharat Bhatia, Mr. Ramesh Bhatia and Mr. Ravi Bhatia. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Bhatia Colour IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Bhatia Colour Chem IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Bhatia Colour Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 18 February 2022 is 35.30 Lakhs.
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