Ducol Organics and Colours Limited

Company Profile
Company Name Ducol Organics and Colours Limited
Open Date 09-01-2023
Close Date 11-01-2023
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹ 78 per share
Issue Size 40,40,000 Equity Shares
Application Amount ₹ 1,24,800
Recommendation Apply
Ducol Organics and Colours Limited was incorporated in the year 1994 with the business to offer a range of pigment dispersions and Colour solutions for various industries like Paints, Inks, Textile, Detergent, Paper, Rubber, Plastics, leather, soaps, and FMCG. Company is engaged in the business of manufacturing and selling of pigment dispersions, preparations, concentrates, paste colorants and master batches. They have a pan-India customer base. Currently Company is operating out of 2 units in Taloja and a third unit at Mahad, which is in process of getting established with trials currently being conducted. Asian Paints Limited and Berger Paints India Limited are two of major customers from Paints Industry.
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Summary of Financials (All financials in Lakh)

For the Period Ended Sept-22 Mar-22 Mar-21
Total Assets 6,055.33 6,347.51 5,710.12
Net Assets 2,540.35 2,153.14 1689.94
Total Borrowings 1,350.01 1,991.51 1,656.68
Total Revenue 4,874.80 8,893.61 7,885.80
Profit After Tax 417.22 491.11 281.43

Tentative Timeline

Opening Date 09-01-2023
Closing Date 11-01-2023
Basis of Allotment 16-01-2023
Initiation of Refunds 17-01-2023
Credit of Shares to Demat 18-01-2023
Listing Date 19-01-2023

Objects of the Issue

Funding working capital requirements of our Company
General corporate purposes

Contact Information

Registered Office Ducol Organics And Colours Limited Office No 302, Express Building, 14-E Road, Churchgate, Mumbai – 400020
Phone +91 22 4608 2353
Email ipo@ducol.com
Website http://www.ducol.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 4,01,600 (9.94%)
Other Shares Offered 18,19,200 (45.03%)
Retail Shares Offered 18,19,200 (45.03%)
Total Shares Offered 40,40,000 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters) 79.46%
Post Issue Share Holding (Promoters) 57.38%

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