31 Mar 2023
Assets10.82
Total Income21.37
EBITDA3.97
Profit After Tax2.94
NET Worth8.36
Reserves and Surplus8.07
At a glance
Updated 2026-09-11The shares listed at ₹85.00, a 18.06% move from the issue price. Mehul Colours is a SME IPO with an issue size of ₹21.66 crore, proposed for listing on BSE SME. The offer opens on 30th Jul 2025 and closes on 1st Aug 2025. The issue structure includes a fresh issue of ₹20.56 crore. The current listing schedule points to 6th Aug 2025.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹21.66 Cr
Fresh issue₹20.56 Cr
Face value₹10
Price band₹68.00–₹72.00
Allotment4th Aug 2025
Listing6th Aug 2025
Listing performance
Full performance ↗Issue price₹72.00
Listing price₹85.00
Current price—
Listing gain18.06%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹11.00
GMP / upper price15.28%
Est. listing₹83.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens30th Jul 2025
Closes1st Aug 2025
Allotment4th Aug 2025
Refund5th Aug 2025
Demat5th Aug 2025
Listing6th Aug 2025
Subscription demand
Full bidding ↗Total7.98×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 3200 | ₹230,400 |
Company
Incorporated1995
Use of proceeds
| Object | Amount |
|---|---|
| Funding of capital expenditure towards setup of a new manufacturing facility | ₹14.63 Cr |
| Funding of Working Capital Requirements | ₹4.00 Cr |
| General Corporate Purposes | ₹0.21 Cr |
| Issue Expenses | ₹5.53 Cr |
| Total | ₹24.38 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue23.71₹ Cr · +4.6% vs prior year
EBITDA6.88₹ Cr · +64.6% vs prior year
PAT5.50₹ Cr · +70.8% vs prior year
Assets18.95₹ Cr · +36.6% vs prior year
Net Worth17.06₹ Cr · +47.6% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets13.87
Total Income22.66
EBITDA4.18
Profit After Tax3.22
NET Worth11.56
Reserves and Surplus11.27
Total Borrowing0.36
31 Mar 2025
Assets18.95
Total Income23.71
EBITDA6.88
Profit After Tax5.50
NET Worth17.06
Reserves and Surplus9.52
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 38.46% |
| ROCE | 43.53% |
| RoNW | 32.26% |
| PAT Margin | 24.11% |
| EBITDA Margin | 30.17% |
| Price to Book Value | 4.7 |
Valuation & shareholding
Pre-IPO EPS7.30
Post-IPO EPS5.22
Pre-IPO P/E9.87
Post-IPO P/E13.8
Promoter holding pre96.86%
Promoter holding post69.24%
Market cap₹75.95 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Mehul Colours IPO | — | 13.80 x | — | — |
| Phychem Technologies IPO | — | 19.42 x | — | — |
| Atharva Poly-Plast IPO | — | 17.83 x | — | — |
| Diksha Polymers IPO | — | 14.14 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding of capital expenditure towards setup of a new manufacturing facility | ₹14.63 Cr |
| Funding of Working Capital Requirements | ₹4.00 Cr |
| General Corporate Purposes | ₹0.21 Cr |
| Issue Expenses | ₹5.53 Cr |
| Total | ₹24.38 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Seren Capital Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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