Incorporated in 2021, Bhatia Colour Chem Limited specializes in trading & manufacturing Chemicals, Dyes, and Auxiliaries products. The company produces Value Added Printing Products, Textile Auxiliaries & Chemicals, Foil Binders, Glitter Powder, Printing Inks, and Zari Binders with a variety of ranges and specialization as per the demand of the client. The products are mainly useful for the printing on Textile materials like Polyester & Cotton which includes, ambos on T-shirts, Zari Prints, and shading.
Competitive Strength:
- Experienced Promoters with sound market knowledge.
- Specialized in developing and marketing value-added printing products.
- Cordial relations with Customers.
- Formulation of chemicals and quality maintenance.
Company Promoters:
Mr. Bharat Bhatia, Mr. Ramesh Bhatia, and Mr. Ravi Bhatia are the company promoters.
Company Financials:
| Particulars | For the year/period ended (Rs in Lakhs) |
|---|---|
| 18-Feb-22 | |
| Total Assets | 3,727.56 |
| Total Revenue | 531.96 |
| Profit After Tax | 35.30 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the issue towards the following objects:
- Acquire partnership firm M/s Polychem Exports
- Working Capital
- General Corporate Purposes
Bhatia Colour Chem IPO Details
| IPO Opening Date | Mar 14, 2022 |
| IPO Closing Date | Mar 16, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹80 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | 5,000,000 Eq Shares of ₹10 (aggregating up to ₹40.00 Cr) |
| Fresh Issue | 5,000,000 Eq Shares of ₹10 (aggregating up to ₹40.00 Cr) |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Bhatia Colour Chem IPO Lot Size
The Bhatia Colour Chem IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹128,000 |
| Maximum | 1 | 1600 | ₹128,000 |
Bhatia Colour Chem IPO Promoter Holding
| Pre Issue Share Holding | 74.65% |
| Post Issue Share Holding | 44.14% |
3rd Party IPO Application
SBI Bank, Axis Bank, Bank of Baroda (BoB), RBL Bank and IndusInd Bank.
Bhatia Colour Chem IPO Review
Based on its financial data, the issue is exorbitantly priced. Even the total equity dilution is above 40% raising concern. This segment is highly competitive and fragmented. The sustainability of margins shown for the period ended February 18, 2022, raises concern. Considering all these factors, there is no harm in ignoring this pricy issue.
Company Contact Information
Bhatia Colour Chem Limited
Plot No. A/2/12,
Road No. 1 Udhna Udhyog Nagar,
Sangh, Udhna, Surat – 394210,
Phone: 9104294564
Email: account@bccindia.com
Website: https://www.bccl.info/
Bhatia Colour Chem IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com