Bhatia Colour Chem Limited IPO (Bhatia Colour Chem IPO) Detail

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:

  1. Experienced Promoters with sound market knowledge.
  2. Specialized in developing and marketing value-added printing products.
  3. Cordial relations with Customers.
  4. Formulation of chemicals and quality maintenance.

Company Promoters:

Mr. Bharat Bhatia, Mr. Ramesh Bhatia, and Mr. Ravi Bhatia are the company promoters.

Company Financials:

ParticularsFor the year/period ended (Rs in Lakhs)
Total Assets3,727.56
Total Revenue531.96
Profit After Tax35.30

Objects of the Issue:

The Company proposes to utilize the Net Proceeds from the issue towards the following objects:

  1. Acquire partnership firm M/s Polychem Exports
  2. Working Capital
  3. General Corporate Purposes

Bhatia Colour Chem IPO Details

IPO Opening DateMar 14, 2022
IPO Closing DateMar 16, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹80 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtBSE SME
Issue Size5,000,000 Eq Shares of ₹10
(aggregating up to ₹40.00 Cr)
Fresh Issue5,000,000 Eq Shares of ₹10
(aggregating up to ₹40.00 Cr)
Retail Shares Offered50%
NII (HNI) Shares Offered50%

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).

ApplicationLotsSharesAmount (Cut-off)

Bhatia Colour Chem IPO Promoter Holding

Pre Issue Share Holding74.65%
Post Issue Share Holding44.14%

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

Bhatia Colour Chem IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

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