Unilex Colours and Chemicals Opens at ₹89, Reflecting 2.3% Premium in a Quiet Market Debut – Find Out More!Unilex Colours and Chemicals Opens at ₹89, Reflecting 2.3% Premium in a Quiet Market Debut – Find Out More!

Unilex Colours and Chemicals debuted on the NSE SME at ₹89 on October 3, reflecting a modest 2.3% premium over its ₹87 IPO price. The ₹31.32 crore IPO was open for subscription from September 25-27.

The Unilex Colours IPO closed after three days of bidding, attracting significant interest with a subscription rate of 35.03 times. Retail investors subscribed 35.11 times, Non-Institutional Investors 60.74 times, and Qualified Institutional Buyers 15.58 times.

Unilex Colours and Chemicals Limited specializes in producing Pigment Blue 15:3 and 15:4 for domestic and international markets, serving the plastics, textiles, and paints industries. With an ISO-certified facility, the company exports to countries like Vietnam, Brazil, and Russia, employing direct marketing and participating in exhibitions. They also provide flexible packaging options to meet varied client requirements.

The objective of the Unilex Colours and Chemicals IPO is to raise capital for business expansion, enhance operational efficiency, and strengthen its financial position. Additionally, the funds may be utilized for working capital requirements and other corporate purposes.