Mehul Colours Limited
Bookbuilding IPO · BSE
- Price band
- ₹68 - ₹72
- Lot size
- 1,600 shares
- Issue amount
- ₹21.66 cr
- Total subscription
- 7.98×
- Opens
- 30 Jul 2025
- Closes
- 1 Aug 2025
- Allotment
- 4 Aug 2025
- Listing
- 6 Aug 2025
Offer at a glance
Issue overview
- Issue size
- 30,08,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,08,800
- Fresh issue
- ₹21.66 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,15,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 75,41,040
- Shares after issue
- 1,05,49,040
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,30,400 |
| sHNI | 3 | 4,800 | ₹3,45,600 |
| bHNI | 9 | 14,400 | ₹10,36,800 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 60 | 195 |
| HNIs (3-10L) | 30 | 135 |
| RETAIL | 313 | 1,115 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.11 | 2.95 |
| RETAIL | 7.21 | 5.9 |
| HNIs 2+ | 1.03 | 1.13 |
| HNIs 10+ | 2.06 | 9.65 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 7.3 | 4.27 | 3.9 |
| ROE | 38.46 | 32.23 | 42.68 |
| ROCE | 43.53 | 36.67 | 49.41 |
| RONW | 32.26 | 27.85 | 35.17 |
| PRE IPO(PE) | 9.87 | 0 | 0 |
| POST IPO(PE) | 13.8 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Mehul Colours & Masterbatches Pvt. Ltd., established in 1995, is involved in the manufacturing and export of masterbatches in India. The company provides a wide variety of products, including white, black, color, and additive masterbatches, which are used in plastics, rubbers, and elastomers for different applications. It operates from two facilities located in Tungareshwar Industrial Estate, Vasai East, Mumbai, with production capacities of 10,56,000 kg and 2,28,000 kg respectively, each spread over 3,200 square feet. Their product range includes masterbatches, which are polymer-based mixtures used to achieve uniform color and improve properties like UV resistance, flame retardancy, and anti-static performance. They also produce organic and inorganic pigments—organic pigments offer bright and vivid colors, while inorganic ones are known for durability and heat resistance. As of June 30, 2025, the company employed 32 permanent staff members.
Strengths
- Own Production & Innovation: In-house setup with testing and R&D ensures quality and new product development.
- Wide Industry Reach: Works with various sectors and regions to avoid over-reliance on one area.
- Trusted by Clients: Long-term relationships show customer trust and consistent service.
Risk factors
- Revenue Depends on Few Products: Heavy focus on masterbatches makes the business sensitive to demand changes.
- Few Key Clients: Major income comes from limited customers without long-term deals, risking sudden revenue loss.
- Supplier Uncertainty: No fixed supplier contracts increase chances of raw material price hikes and delays.
Promoters
Mehul Pravinchandra Joshi
Bhakti Mehul Joshi
Registrar & documents
Lead manager
Seren Capital Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Unit No - A 305,306, Kemp Plaza, Link Road, Chincholi Bunder Road, Mind Space, Near Evershine Mall, Malad West Mumbai, Maharashtra, 400064
+91-22-2872 3555
[email protected]Company website ↗Understanding MEHUL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.