| Basis of Allotment |
THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.
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UNILEX COLOURS END CHEMICALS UNITED |
Our Company was originally incorporated as a Public Limited Company under the name of "Unilex Exports Limited" on March 23,2001 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Mumbai, Maharashtra bearing CIN U24239MH2001PLC131352. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on March 26,2012, the name of our Company was changed from "Unilex Exports Limited" to "Unilex Colours and Chemicals Limited" and a fresh certificate of incorporation consequent upon Change of Name was issued by the Registrar of Companies, Mumbai, Maharashtra vide certificate dated April 14,2012 bearing CIN U74999MM2001PLC131352. For further details of Incorporation, change of name and registered office of our Company, please refer to chapter titled ‘History and Corporate Sfractore"beginning on page 115 of the Prospectus.
| Registered Office: 106-107, Advent Atria, Chincholi Bunder Road, Malad (W) Mumbai-400064 Maharashtra. |
| Tel No: +91-22-28886235; E-mail: cs@unilexcolours.in; Website: https://unilexcolours.in/; Contact Person: Gourav Mundra, Company Secretary & Compliance Officer |
| OUR PROMOTERS: PURUSHOTTAM BRIJLAL SHARMA, NARENDRA PARAMESWARAPPA KOTEHALL, ADITYA SHARMA, MAN0JKUMAR SHYAMSUNDER SHARMA, R0HIT KRISHNAKUMAR SHARMA AND KABIR RADHEYSHYAM SHARMA |
"THE ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER IX OF THE SEBI ICDR REGULATIONS (IPO OF SMALL AND MEDIUM ENTERPRISES) AND THE EQUITY SHARES ARE PROPOSED TO BE LISTED ON SME PLATFORM OF NSE."
Company is engaged in the manufacturing of Pigment, and the trading of chemicals and food colours. Our products find diverse applications across various industries such as plastic, rubber, textiles, paper, printing inks, paints and coating.
BASIS OF ALLOTMENT |
INITIAL PUBLIC OFFER OF 36,0B,D00 EQUITY SHARES OF FACE VALUE OF flO/- EACH (THE "EQUITY SHARES") OF UNILEX COLOURS AND CHEMICALS LIMITED ("OUR COMPANY" OR "THE ISSUER") AT AN ISSUE PRICE OF Rs.87/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF Rs.77/- PER EQUITY SHARE) FOR CASH AGGREGATING UP TO f3,132.00 LAKHS ("PUBLIC ISSUE") OUT OF WHICH 1,92,000 EQUITY SHARES OF FACE VALUE OF Rs.10/- EACH, AT AN ISSUE PRICE OF Rs.87/- PER EQUITY SHARE FOR CASH, AGGREGATING Rs.167.04 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKE MAKER RESERVATION PORTION"). THE PUBLIC ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 34,08,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH, AT AN ISSUE PRICE OF Rs.87/- PER EQUITY SHARE FOR CASH, AGGREGATING UPTO 72,964.96 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NE ISSUE". THE PUBLIC ISSUE AND NET ISSUE WILL CONSTITUTE 26.44% AND 25.03% RESPECTIVELY OF THE POST- ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
| THE FACE VALUE OF THE EQUITY SHARE IS Rs. 10 EACH AND ISSUE PRICE IS Rs.87/- EACH. THE ISSUE PRICE IS 8.7 TIMES OF THE FACE VALUE OF THE EQUITY SHARE |
| ANCHOR INVESTOR ISSUE PRICE: Rs.87/- PER EQUITY SHARE. THE ISSUE PRICE IS 8.7 TIMES OF THE FACE VALUE |
| BID/ ISSUE PERIOD | ANCHOR INVESTOR BIDDING DATE WAS: TUESDAY, SEPTEMBER 24, 2024 |
| BID / ISSUE OPENED ON: WEDNESDAY, SEPTEMBER 25, 2024 | |
| BID / ISSUE CLOSED ON: FRIDAY, SEPTEMBER 27, 2024 |
RISKS TO INVESTORS: |
a) A significant portion of our revenue is generated from sales of our top five products. The loss of customers who purchase these products, or a significant reduction in the production and sales of, or demand for said products may adversely affect our business, financial condition, results of operations and prospects.
b) We are dependent upon third parties for trading and supply of the products we sell, with whom we may not had long term contracts or exclusive supply arrangements. Any delay or failure on the part of such vendors to deliver products, may adversely affect our business, profitability and reputation.
c) The BRLM associated with the Issue has handled 59 Public Issues in the past three years, out of which 1 issue was closed below the Issue/ Offer Price on listing date:
| Name of BRLM | Total Issue | Issue closed below IPO Price on listing date | |
| Mainboard | SME | ||
| Hem Securities Limited | 1 | 58 | 1 |
d) Average cost of acquisition of Equity Shares held by the Individual Promoters is
| Sr. No. | Name of the Promoters | Average cost of Acquisition (in 7) |
| 1. | Aditya Sharma | 3.11 |
| 2. | Manojkumar Shyamsunder Sharma | 3.11 |
| 3. | Ftohit Krishnakumar Sharma | 3.11 |
| 4. | Kabir Radheyshyam Sharma | 3.11 |
| 5. | Purushottam Brijlal Sharma | 33.64 |
| 6. | Narendra Parameswarappa Kotehall | 0 |
and the Issue Price at the upper end of the Price Band is Rs.87 per Equity Share.
e) The Price/ Earnings ratio based on Diluted EPS for Fiscal 2024 for the company at the upper end of the Price Band is 14.12
f) Weighted Average Return on Net worth for Fiscals 2024,2023 and 2022 is 16.34%.
g) The Weighted average cost of acquisition of all Equity Shares transacted in the last 1 year, 18 months and 3 years from the date of RHP is as given below:
| Period | Weighted Average Cost of Acquisition (in 7) | Upper end ot the Price Band (7 87) is "X" times the weighted Average cost of Acquisition | Range ot acquisition price: Lowest Price - Highest Price (in 7) |
| Last 1 year/ Last 18 months | Nil | NA | 0-0 |
| Last 3 years | 2.89 | 30.07 | 0-70 |
h) The Weighted average cost of acquisition compared to floor price and cap price
| Types ot transactions | Weighted average cost of acquisition (7 per Equity Shares) | Floor price (i.e. 7 82) | Cap price (i.e. 7 87) |
| WACA of primary issuance(exceeding 5% of the pre issue capital) | NAA | NAA | NAA |
| WACA for secondary sale / acquisition (exceeding 5% of the pre issue capital) | NAaa | NAAA | NAAA |
| Weighted average cost of acquisition of primary issuances/ secondary transactions as per paragraph 8(c) above | 2.89 | 28.34 times | 30.07 times |
Note:
''There were no primary/new issue of shares (equity/ convertible securities) as mentioned in paragraph 8(a) above, in last 18 months from the date of the Prospectus.
AA
There were no secondary transactions as mentioned in paragraph 8(b) above, in last 18 months from the date of the Prospectus.| PROPOSED LISTING: THURSDAY, OCTOBER 03, 2024* |
The Issue was being made through the Book Building Process, in terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 253 of the SEBIICDR Regulations, as amended, wherein not more than 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs", the "QIB Portion"), Our Company in consultation with the Book Running Lead Manager has allocated upto 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"). Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-lnstitutional Bidders and not less than 35% of the Net Issue was made available for allocation to Retail Individual Bidders in accordance with the SEBI (ICDR) Regulations, subject to valid Bids being received at or above the Issue Price. All potential Bidders (except Anchor Investors) were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors were not permitted to participate in the Issue through the ASBA process. For details, see ‘Issue Procedure"beq\nn\nq on page 215 of the Prospectus.
The investors are advised to refer to the Prospectus for the full text of the Disclaimer clause pertaining to National Stock Exchange of India Limited ("NSE"). For the purpose of this Issue, the Designated Stock Exchange will be the NSE. The trading is proposed to be commenced on or before Thursday, October 03,2024"
*Subject to the receipt of listing and trading approval from the NSE (NSE Emerge).
SUBSCRIPTION DETAILS |
The bidding for Anchor Investors opened and closed on Tuesday, September 24,2024. The Company received 7 Anchor Investors applications for 16,12,800 Equity Shares. The Anchor Investor Allocation price was finalized at at Rs.87/- per Equity Share. A total of 10,20,800 Equity Shares were allotted under the Anchor Investors portion aggregating to Rs.8,88,09,600/-.
The Issue (excluding Anchor Investors Portion) received 32,386 Applications for 9,02,83,200 Equity Shares (after bid not banked cases and removing multiple and duplicate bids and before technical rejection) resulting 35.00 times subscription (including reserved portion of market maker and excluding anchor investor portion). The details of the Applications received in the Issue from various categories are as under (before technical rejections):
Detail of the Applications Received (excluding Anchor Investors Portion and before technical rejections):
| Sr. No. | Category | Number of Applications | No. of Equity Shares applied | Equity Shares Reserved as per Prospectus | No. of times Subscribed | Amount (Rs.) |
| 1 | Market Maker | 1 | 1,92,000 | 1,92,000 | 1.00 | 1,67,04,000.00 |
| 2 | Qualified Institutional Buyers (excluding anchor investors) | 10 | 1,06,08,000 | 6,81,600 | 15.56 | 92,22,56,000.00 |
| 3 | Non-lnstitutional Investors | 2,366 | 3,14,68,800 | 5,12,000 | 61.46 | 2,73,75,00,800.00 |
| 4 | Retail Individual Investors | 30,009 | 4,80,14,400 | 11,93,600 | 40.23 | 4,17,67,48,800.00 |
| TOTAL | 32,386 | 9,82,83,200 | 25,79,200 | 35.00 | 7,85,32,09,600.00 |
Final Demand:
A summary of the final demand as per NSE as on the Bid/ Issue Closing Date at different Bid prices is as under:
| Sr. No | Bid Price | Bids Quantity | % of Total | Cumulative Total | % Cumulative Total |
| 1 | 82 | 3,20,000 | 0.28 | 3,20,000 | 0.28 |
| 2 | 83 | 32,000 | 0.03 | 3,52,000 | 0.31 |
| 3 | 84 | 27,200 | 0.02 | 3,79,200 | 0.33 |
| 4 | 85 | 80,000 | 0.07 | 4,59,200 | 0.40 |
| 5 | 86 | 2,17,600 | 0.19 | 6,76,800 | 0.59 |
| 6 | 87 | 6,96,14,400 | 60.69 | 7,02,91,200 | 61.28 |
| 7 | 9999 | 4,44,20,800 | 38.72 | 11,47,12,000 | 100.00 |
| TOTAL | 11,47,12,000 | 100.00 |
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE (NSE Emerge) on Monday September 30,2024.
1) Allotment to Retail Individual Investors (After Technical Rejections):
The Basis of Allotment to the Retail Individual Investors, who have Bid at cut-off Price or at the Issue Price of Rs.87 per Equity Share, was finalized in consultation with NSE. The category has been subscribed to the extent of 39.52 times (after reconciling with the FCs and weeding out valid rejections). The total number of Equity Shares Allotted in this category is 11,93,600 Equily Shares to 746 successful applicants. The details of the Basis of Allotment of the said category are as under:
| No. ot Shares Applied for (Category wise) | No. of Applications Received | %of Total | Total No. of Shares Applied | %to Total | No. of Equity Shares Allotted per Applicant | Ratio | Total No. of Shares Allotted |
| 1,600 | 29,481 | 100.00 | 4,71,69,600 | 100.00 | 1,600 | 2:79 | 11,93,600 |
2) Allotment to Non-lnstitutional Investors (After Technical Rejections):
The Basis of Allotment to the Non-lnstitutional Investors, who have bid at the Issue Price of f 87 per Equity Share, was finalized in consultation with NSE. The category has been subscribed to the extent of 60.92 times. The total number of Equity Shares Allotted in this category is 5,12,000 Equity Shares to 251 successful applicants. The details of the Basis of Allotment of the said category are as under (Sample Basis):
| No. of Shares Applied for (Category wise) | No. of Applications Received | % ot Total | Total No. of Shares Applied in Each Category | % to Total | No. of Equity Shares Allotted per Applicant | Ratio | Total No.of Shares Allotted |
| 3,200 | 1332 | 56.85 | 42,62,400 | 13.67 | 1,600 | 11:333 | 70,400 |
| 4,800 | 212 | 9.05 | 10,17,600 | 3.26 | 1,600 | 10:212 | 16,000 |
| 6,400 | 75 | 3.20 | 4,80,000 | 1.54 | 1,600 | 5:75 | 8,000 |
| 8,000 | 119 | 5.08 | 9,52,000 | 3.05 | 1,600 | 10:119 | 16,000 |
| 27,200 | 10 | 0.43 | 2,72,000 | 0.87 | 1,600 | 3:10 | 4,800 |
| 28,800 | 7 | 0.30 | 2,01,600 | 0.65 | 1,600 | 2:7 | 3,200 |
| 30,400 | 8 | 0.34 | 2,43,200 | 0.78 | 1,600 | 2:8 | 3,200 |
| 32,000 | 22 | 0.94 | 7,04,000 | 2.26 | 1,600 | 7:22 | 11,200 |
| 52,800 | 5 | 0.21 | 2,64,000 | 0.85 | 1,600 | 3:5 | 4,800 |
| 54,400 | 3 | 0.13 | 1,63,200 | 0.52 | 1,600 | 2:3 | 3,200 |
| 56,000 | 7 | 0.30 | 3,92,000 | 1.26 | 1,600 | 4:7 | 6,400 |
| 57,600 | 5 | 0.21 | 2,88,000 | 0.92 | 1,600 | 3:5 | 4,800 |
| No. of Shares applied for (Category wise) | Number ot applications received | % to total | Total No. ot Shares applied in each category | % to total | No of Equity Shares allotted per applicant | Ration of allottees to applicants | Total No. of shares al located/al lotted |
| 81,600 | 2 | 0.09 | 1,63,200 | 0.52 | 1,600 | 1:1 | 3,200 |
| 83,200 | 2 | 0.09 | 1,66,400 | 0.53 | 1,600 | 1:1 | 3,200 |
| 84,800 | 3 | 0.13 | 2,54,400 | 0.82 | 1,600 | 1:1 | 4,800 |
| 86,400 | 3 | 0.13 | 2,59,200 | 0.83 | 1,600 | 1:1 | 4,800 |
| 1,15,200 | 1 | 0.04 | 1,15,200 | 0.37 | 1,600 | 1:1 | 1,600 |
| 1,20,000 | 4 | 0.17 | 4,80,000 | 1.54 | 1,600 | 1:1 | 6,400 |
| 1,20,000 | 1600 additional share is allocated for Serial no 62 in the ratio of 1:4 | 1,600 | 1:4 | 1,600 | |||
| 1,21,600 | 1 | 0.04 | 1,21,600 | 0.39 | 1,600 | 1:1 | 1,600 |
| 8,03,200 | 1 | 0.04 | 8,03,200 | 2.58 | 12,800 | 1:1 | 12,800 |
| 8,81,600 | 1 | 0.04 | 8,81,600 | 2.83 | 14,400 | 1:1 | 14,400 |
| 17,05,600 | 2 | 0.09 | 34,11,200 | 10.94 | 27,200 | 1:1 | 54,400 |
| 17,05,600 | 1600 additional share is allocated for Serial no 74 in the ratio of 1:2 | 1,600 | 1:2 | 1,600 | |||
3) Allotment to Market Maker:
The Basis of Allotment to Market Maker who have bid at Issue Price of Rs.87 per Equity Shares or above, was finalized in consultation with NSE. The category was subscribed by 1.00 times i.e. for 1,92,000 Equity shares the total number of shares allotted in this category is 1,92,000 Equity Shares. The category wise details of the Basis of Allotment are as under:
| No. of Shares Applied for (Category wise) | No. of Applications received | % to total | Total No. of Equity Shares applied in this Category | % of total | No. of Equity Shares allocated/ allotted per Applicant | Ratio | Total No. of shares allocated/allotted |
| 1,92,000 | 1 | 100.00 | 1,92,000 | 100.00 | 1,92,000 | 1:1 | 1,92,000 |
4) Allotment to QIBs excluding Anchor Investors (After Technical Rejections):
Allotment to QIBs, who have bid at the Issue Price of Rs.87 per Equity Share or above, has been done on a proportionate basis in consultation with NSE. This category has been subscribed to the extent of 15.38 times of QIB portion. The total number of Equity Shares allotted in the QIB category is 6,81,600 Equity Shares, which were allotted to 9 successful Applicants.
| CATEGORY | FIS/BANKS | MF'S | IC'S | NBFC'S | AIF | FPI | VC'S | TOTAL |
| Allotment | - | - | 88,000 | 3,10,400 | 14,400 | 2,68,800 | - | 6,81,600 |
5) Allotment to Anchor Investors (After Technical Rejections):
The Company in consultation with the BRLM has allocated 10,20,800 Equity Shares to 7 Anchor Investors at the Anchor Investor Issue Price of Rs. 87 per Equity Shares in accordance with the SEBI (ICDR) Regulations. This represents 60% of the QIB Category.
| CATEGORY | FIS/BANKS | MF'S | IC'S | NBFC'S | AIF | FPI | OTHERS | TOTAL |
| Allotment | - | - | - | 2,64,000 | 4,94,400 | 2,62,400 | - | 10,20,800 |
The Board of Directors of our Company at its meeting held on September 30, 2024 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been dispatched/ mailed for unblocking of funds and transfer to the Public Issue Account on or before October 01, 2024. In case the same is not received within ten days, Investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allottees shall be uploaded on or before October 01,2024 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from NSE and the trading of the Equity Shares is expected to commence trading on Thursday, October 03,2024.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 29,2024 filed with the Registrar of Companies, Mumbai ("RoC").
INVESTORS, PLEASE NOTE
The details of the allotment made has been hosted on the website of the Registrar to the Issue Link Intime India Private Limited at website: https://www.linkintime.co.in/
TRACK RECORD OF BOOK RUNNING LEAD MANAGERS: The BRLM associated with the Issue has handled 59 Public Issues in the past three years, out of which 1 issue was closed below the Issue/ Offer Price on listing date:
| Name of BRLM | Total Issue | Issue closed below IPO Price on listing date | |
| Mainboard | SME | ||
| Hem Securities Limited | 1 | 58 | 1 |
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole Bidder Serial number of the ASBA form, number of Equity Shares bid for, Bidder DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the Acknowledgment Slip received from the Designated Intermediary and payment details at the address given below:
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| LINK LINK INTIME INDIA PRIVATE LIMITED• |
| Address: C-101,247 Park, Lai Bahadur Shastri Marg, Vikhroli (West), Mumbai-400083 |
| Maharashtra, India |
| Tel No: +91-8108114949; Email: unilex.smeipo@linkintime.cc.in |
| Investor Grievance ID: unilex.smeipo@linkintime.co.in |
| Contact Person: Shanti Gopalkrishnan |
| Website: www.linkintime.co.in |
| SEBI Regn. No: INR000004058 |
On behalf of Board of Directors |
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Unilex Colours and Chemicals Limited |
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Sd /- |
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| Place: Mumbai | Gourav Mundra |
| Date: October 01, 2024 | Company Secretary and Compliance Officer |
| THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF UNILEX COLOURS AND CHEMICALS LIMITED |
Disclaimer: Unilex Colours and Chemicals Limited has filed the Prospectus with the RoC on September 29, 2024 and thereafter with SEBI and the Stock Exchange. The Prospectus is available on the website of the BRLMs, Hem Securities Limited at www.hemsecurities.com and the Company at: https://uniiexcoiours.in/ipo/, and shall also be available on the website of the NSE and SEBI. Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, please see ‘Risk Factors" beginning on page 23 of the Prospectus. The Equity Shares have not been and will not be registered under the U. S. Securities Act of 1933, as amended (the "Securities Act') or any state securities laws in the United States, and unless so registered, and may not be issued or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable U. S. state securities laws. The Equity Shares are being Issued and sold outside the United Sates in ‘offshore transactions' in reliance on Regulation under the Securities Act and the applicable laws of each jurisdiction where such Issues and sales are made. There will be no public Issuing in the United Sates.
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