Indo Colchem Limited IPO Dates, Size, Allotment, Bid Details, GMP & DRHP

Let’s have a detailed review of the company and analytics of the Indo Colchem IPO release date, IPO offer price, subscription, Indo Colchem IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Indo Colchem IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.1/10
Company Background7.3/10
Company Reputation7.2/10
Competitive Edge7.7/10
Financial Statements7.1/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite7.1/10
Top Brokers Review7.9/10
Overall Ratings7.4/10
Star Ratings★★★★☆

Summary of Indo Colchem IPO

Indo Colchem Limited IPOThe Company is in the business of manufacturing of Reactive Dyes since 1986. The Company manufactures Reactive Dyes also known as Synthetic Organic Dyes having an integrated process. Having a specialisation in Various Reactive Dyes. The product of the company caters to textiles & garments manufacturers. The company also offer specialty performance chemicals to the Textile Dyeing and printing industry.

They have a production capacity and Permission of GPCB of approx. 1050 tons per month. The manufacturing facility of the company is situated at Vatva GIDC in Gujarat. The facility is spread over 11,137 sq. meters in area. They are member of C.E.T.P. (Common Effluents Treatment Plant) of Vatva. They strive to embrace and comply with modern requirements and global standards, making them upgrade their ways and resources systematically, setting new benchmarks for others to follow.

From FY 2015-16 to FY 2018-19 till 31-Dec-18, as per the Restated Financial Statements

They have consistently grown in terms of the revenues and profits over the past years. In the past three years the standalone revenues have increased from 1,27,72,74,323 in F. Y. 2015-2016 to 1,47,60,65,059 in F. Y. 2016-17 and further to 1,29,22,54,886 in F. Y. 2018-19.

The Net Profit after tax for the above mentioned periods are 5,51,05,438, 4,73,84,440 and 6,06,31,272, respectively. Revenue has grown from Rs. 1,47,60,65,059 in F.Y. 2016-17 to Rs. 1,62,58,41,464 in F.Y. 2017-18 and Profit before Tax has grown from Rs. 6,52,27,001 to Rs. 9,69,00,629 in the same period.

The Promoters of this company are Mr. Satish Sampatraj Shah and Mr. Chirag Satish Shah. The lead manager to the issue is  Monarch Networth Capital Limited and the Registrar to this issue is  Big Share Services Private Limited.



Indo Colchem IPO Date

The opening and the closing date of Indo Colchem Limited IPO is not known yet.


Indo Colchem IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
5th Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Indo Colchem IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


Indo Colchem IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Indo Colchem IPO Equity Share Offering

Issue of 37,04,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.


Indo Colchem Limited – Company Overview

The Company was originally incorporated in Ahmedabad as ―M.S. Papers Private Limited‖ on September 26, 1986 under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Dadra and Nagar Haveli, Gujarat.

The name of the Company was changed to ―Indo Colchem Private Limited and a fresh Certificate of Incorporation consequent to the change of name was granted to the Company on October 18, 1991 by the Registrar of Companies, Dadra and Nagar Haveli, Gujarat. The status of the Company was changed to a public limited company and the name of the Company was further changed to ―Indo Colchem Limited by a special resolution passed on September 28, 1992.

A fresh certificate of incorporation consequent upon Conversion of Company to ―Indo Colchem Limited was issued on November 05, 1992 by the Registrar of Companies, Dadra and Nagar Haveli, Gujarat. The status of the Company was changed to a Private limited company and the name of the Company was further changed to ―Indo Colchem Private Limited by a special resolution passed on July 25, 2013.

A fresh certificate of incorporation consequent upon Conversion of Company to ―Indo Colchem Limited was issued on January 22, 2019 by the Registrar of Companies, Ahmedabad. The Company‘s Corporate Identity Number is U24100GJ1986PLC009016. The registered office of the company is situated at Plot No. 36, Phase II, GIDC Vatva, Ahmedabad – 382445, Gujarat, India.

Business strategies of Indo Colchem Limited

  • Reduction of Operational costs
  • Vertical integration of production process
  • Widening of customer base
  • Capacity Utilization
  • Strong Branding
  • Direct Sales

Indo Colchem Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary of Indo Colchem Limited IPO

On the basis of Standalone statement:-

Amount (in INR) 
31-Dec-1831-Mar-1831-Mar-1731-Mar-16
Total Assets1,50,57,01,4021,31,72,36,39488,57,48,64277,28,09,072
Total Revenue1,31,80,63,8811,66,15,60,1211,50,50,67,8441,29,91,29,212
Total Expense1,24,38,76,1481,56,46,59,4921,43,98,40,8431,23,01,33,175
Profit After Tax6,06,31,2727,04,67,4404,73,84,4405,51,05,438
EBITDA14,13,87,87213,23,33,4309,98,39,06410,88,76,564

Earnings per Equity Share (in lakhs)

31-Dec-1831-Mar-1831-Mar-1731-Mar-16
Basic & Diluted6.0614.119.4811.02

From the above statements, one could find that the Indo Colchem Limited may perform well.


Indo Colchem Limited IPO – Promoters

The Promoter of this company is:

  • Mr. Satish Sampatraj Shah
  • Mr. Chirag Satish Shah

List of Related Parties (Key Managerial Personnel)

  • Mr.Satish Sampatraj Shah – Chairman & Managing Director
  • Mr. Chirag Satish Shah – Wholetime Director
  • Mr. Shrenik Anil Parekh – CFO
  • Ms. Rajshri Indoria – Company Secretary & Compliance Officer

Interest in promotion of the Company

The Promoters jointly hold 45,55,366 Equity Shares aggregating to 45.55 % of pre-issue Equity Share Capital in the Company and they are interested to the extent that they have promoted the Company and to the extent of their shareholding in the Company & dividend payable thereon, if any.

The Promoters of the company who may be deemed to be interested to the extent of remuneration, as per the terms of their appointment and reimbursement of expenses payable to them or sitting fees paid to them. The Promoters may be interested to the extent of unsecured loans granted to the Company.

Further, the Promoters may also interested to the extent of loans, if any, taken by them or their relatives or taken by the companies/firms in which they are interested as Directors/Members/Partners. Further, they may be deemed to be interested to the extent of transactions carried on/payment made by the Company to the proprietorship firm/partnership firm/companies in which they are Proprietor/Partner/Promoter and/or Directors.

Property Interest

The Promoters have confirmed that they do not have any interest in any property acquired by the Company within three years preceding the date of this Draft Prospectus or proposed to be acquired by the Company as on the date of this Draft Prospectus. The Promoters do not have any interest in any transactions in the acquisition of land, construction of any building or supply of any machinery.

Interest in Intellectual Rights of the Company

The Company does not have any Intellectual Property rights and has not entered into any trademark registration except as mentioned in the Draft Prospectus.


Indo Colchem IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered Upto 37,04,000 Equity Shares of M 10 each for cash at a
price of M [●] per share aggregating M [●] lakhs.
 Of which:
 Reserved for Market Makers Upto 1,87,200 Equity Shares of M 10 each for cash at a
price of M [●] per share aggregating M [●] lakhs
 Net Issue to the Public Upto 35,16,800 Equity Shares of M 10 each for cash at a
price of M [●] per share aggregating M [●] lakhs
 Of which:
 Retail Investors Portion Upto [●] Equity Shares of M 10 each at a price of M
[●] per Equity Share will be available for allocation for
Investors of up to M 2.00 lakhs
 Non-Retail Investors PortionUpto [●] Equity Shares of M 10 each at a price of M
[●] per Equity Share will be available for allocation for
Investors of up to M 2.00 lakhs
 Equity Shares outstanding prior to the Issue99,99,800 Equity Shares
 Equity Shares outstanding after the IssueUpto 1,37,03,800 Equity Shares

Indo Colchem IPO Issue Object

The Net Proceeds from the Issue are proposed to be utilized by our company for the following objects:

  • Investment in Equity Shares of Clairvoyance Chemtech Private Limited, a wholly owned subsidiary of
    the Company.
  • General corporate purpose.
  • To meet issue expenses

Indo Colchem IPO – Basis of the 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 and Management Expertise;
  • Quality projects and committed operations;
  • Independent Execution capabilities ; and
  • Networking strength

The relevant quantitative factors are:

On the basis of standalone statement:-

Basic & Diluted EPSRONW NAV (Rs.)
31-Dec-186.0610.84%55.9
31-Mar-1814.1114.11%99.90
31-Mar-179.4811.04%85.80
31-Mar-1611.0214.4476.32
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:
ParticularsP/E ratio
Highest15.04
Average11.89
Lowest7.49
  • Competitive Peers:
Sr. No. ParticularsFace Value  (in Rs.) EPS (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
1Indo Colchem Limited1014.0914.11%99.89
2Kiri Industries1035.815.0422.64%42.04
3Akshar Chemicals1037.338.4612.88%289.84

Indo Colchem Limited IPO Lead Managers

Lead Managers
MONARCH NETWORTH CAPITAL LIMITED
Address – Monarch House, Opp., Ishwar Bhuvan,
Commerce Six Road, Navrangpura, Ahmedabad –
380014, India.
Tel. No. – 079 – 6600 0500/ 700
Website: https://www.mnclgroup.com/
Email:
Investor Grievance Email:
Contact Person: Ms. Gajara Joshi
SEBI Regn. No. MB/ INM000011013

Indo Colchem IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
Address – E-2/3, Ansa Industrial Estate, Sakivihar Road,
Saki Naka, Andheri (E), Mumbai – 400072, India.
Tel. No. – 022 – 62638200
Website: www.bigshareonline.com/
Email:
Investor Grievance Email:
Contact Person: Mr. Jibu John
SEBI Regn. No. INR000001385

Indo Colchem Limited Other Details:

  • Statutory Auditor – M/s. Kishan M. Mehta & Co. and M/s. A. H. Jain & Co., Chartered Accountants, Ahmedabad
  • Peer Review Auditor – M/s B. S. Rajput & Associates, Chartered Accountants, Ahmedabad.
  • Bankers to the Company – HDFC Bank Limited, Kotak Mahindra Bank Limited, Axis Bank Limited

Indo Colchem IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Indo Colchem IPO Grey Market Premium

The Indo Colchem IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Indo Colchem Limited IPO News

News 1 – Download DRHP Prospectus


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