Mehul Colours Ltd has opened its ₹21.66 crore Initial Public Offering (IPO) on the BSE SME platform, offering a fresh issue of 30.08 lakh equity shares. The company plans to use the proceeds for a new manufacturing plant, working capital, and general expenses.
Mehul Colours Ltd, established in 1995 and headquartered in India, operates in the chemical manufacturing sector with a core focus on producing and exporting masterbatches and pigments used across plastic, rubber, and elastomer industries. The company’s offerings include white, black, coloured, and additive masterbatches as well as both organic and inorganic pigments. These additives enhance functional properties such as UV resistance, flame retardancy, anti-static behavior, and durability in end-use plastic applications.
The ₹21.66 crore IPO is entirely a fresh issue of 30.08 lakh equity shares, priced between ₹68 and ₹72 per share. Retail investors can participate with a minimum bid of 3,200 shares, translating to a total investment of ₹2.30 lakh at the upper band. The issue will remain open for subscription until August 1, 2025.
Proceeds from the IPO will be directed toward establishing a new manufacturing facility to support increased capacity and product diversification, in addition to meeting working capital requirements and general corporate expenses.
Although the issue has not shown activity in the grey market, Mehul Colours is proceeding with its public offering on the BSE SME platform. The allotment is expected to be finalized on August 4, with a tentative listing date of August 6, 2025.
Seren Capital is acting as the Book Running Lead Manager, while Bigshare Services has been appointed as the registrar. Asnani Stock Broker is serving as the market maker for the issue.
IPO Details:
- IPO Dates: July 29 – August 1, 2025
- Total Issue Size: ₹21.66 crore
- Issue Type: 100% Fresh Issue
- Equity Shares Offered: 30.08 lakh
- Price Band: ₹68 – ₹72 per share
- Face Value: ₹10 per share
- Lot Size: 3,200 shares
- Minimum Investment (Retail): ₹2,30,400
- Listing Platform: BSE SME
- Tentative Listing Date: August 6, 2025
- Lead Manager: Seren Capital
- Registrar: Bigshare Services
- Market Maker:Asnani Stock Broker
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