Ducol Organics And Colours Limited IPO : Highlights

Ducol Organics And Colours Limited IPO is set to launch on 5 Jan., 2022. The company initiated its business operation in 1994. The product portfolio of the company includes Paints, Textile, Ink, Detergent, Ruber, Paper and Plastics colour solutions. Their primary business includes manufacturing and selling of pigment dispersions, concentrates, preparations, master batches and paste colourants. 

Ducol Organics And Colours Limited has 2 fully equipped manufacturing facilities in Taloja. The third facility is located in Mahad which is about to initiate its manufacturing process in a short time. Its major products include Duplast, Duprint, Dutint, Dusperse, Dutex, Dupren, Dupralin and Ducem.

Ducol Organics And Colours Limited IPO DETAILS

Ducol Organics And Colours Limited IPO is set to launch on 5 Jan., 2022. The subscription timeline extends till 9 Jan, 2023. The size for the IPO is 16.94 Crore Rs.. Shares issued through fresh issues are worth 14.94 Crore Rs. Shares issued through Offer For Sale mode are worth Rs 2 Crore Rs. The lot size is 3000 shares and the price is 225 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited. 

Tabular Description of Ducol Organics And Colours Limited IPO

IPO OPENING DATE	9 Jan., 2022
CLOSING DATE FOR IPO	11 Jan, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	78 Rs. per share
LOT SIZE	1600 shares
MINIMUM ORDER QUANTITY	1600 shares
ISSUE SIZE	31.51 Crore Rs.
OFFER FOR SALE	No shares offered through this mode
FRESH ISSUE	31.51 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	19 Jan, 2023

IMPORTANT DATES

IPO OPENING DATE	9 Jan., 2022
CLOSING DATE FOR IPO	11 Jan, 2023
IPO ALLOTMENT DATE	16 Jan, 2023
REFUNDS	17 Jan, 2023
DEMAT A/C CREDITED ON	18 Jan, 2023
IPO LISTING DATE	19 Jan, 2023

Ducol Organics And Colours Limited IPO begins for subscription from 9 Jan., 2022. The IPO subscription would continue till 11 Jan, 2023. The allotment status for the shareholders who applied would come on 16 Jan, 2023. The refunds for the ones who did not get allotment would be initiated on 17 Jan, 2023. The DEMAT accounts of shareholders would be credited on 18 Jan, 2023. The listing of the company would be accompanied on 19 Jan, 2023.

Lead Managers

The lead managers are :

• First Overseas Capital Limited

The minimum lot size for the company is decided at 1600 shares. This holding accounts to  124800 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 249600 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1600 shares	124800 Rs.
Maximum	3200 shares	249600 Rs.

OBJECTIVES FOR THE IPO

• For General corporate purposes.
• The funds can be used for working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2021-22	2020-21	2019-20
ASSETS	6347	5710	6140
Revenue	8893	7885	7372
PAT	491	281	7

Ducol Organics And Colours Limited had an asset base of 6347 Lakh Rs in 2022. The same was 5710 Lakh Rs in 2021 and 6140 lakh Rs in 2020. This indicates that the consistency has not been maintained in the asset base of the company. However with the inclusion of a new manufacturing facility the assets are set to go higher. The revenue of the company was 8893 Lakh Rs in 2022 and it has been significantly rising over the past three years irrespective of the decreased asset base. The revenue for 2021 was 7885 Lakh Rs and for 2020 was 7372 Lakh Rs. The profits of the company have been on the rise by a huge margin since the last 3 years. The profit of the company was 7 Lakh Rs in 2020 which jumped to 281 Lakh Rs in 2021 and 491 Lkah Rs in 2022.

PROS

• Ducol Organics And Colours Limited has 2 fully equipped manufacturing facilities in Taloja. The third facility is located in Mahad which is about to initiate its manufacturing process in a short time.
• Its major products include Duplast, Duprint, Dutint, Dusperse, Dutex, Dupren, Dupralin and Ducem.

CONS

• The company works in a highly competitive segment.

Ducol Organics And Colours Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Ducol Organics And Colours Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.