Overview of Unilex Colours and Chemicals IPO
The Initial Public Offering (IPO) for Unilex Colours and Chemicals launched on September 25, 2024, and successfully concluded on September 27, 2024. Investors eagerly anticipate the allotment, which is set to conclude on September 30, 2024. The official listing of shares on the NSE SME (Small and Medium Enterprises) is expected to take place on October 3, 2024.
Key Details
The IPO has garnered considerable interest, thanks in part to its well-structured management. The book running lead manager overseeing the IPO process is Hem Securities Limited, complemented by the registrarial services provided by Link Intime India Private Ltd. This ensures that the allotment process is seamless and efficient for potential investors.
How to Check Allotment Status
Steps to Verify Allotment
For investors looking to check the allotment status of the Unilex Colours and Chemicals IPO, follow these straightforward steps:
- Visit the official website of Link Intime India Private Ltd.
- Select the company name, “Unilex Colours and Chemicals Ltd,” from the dropdown menu in the company selection section.
- Choose one of the following options to retrieve your allotment status: Application Number, Demat Account Number, PAN Number, or Bank Account Number (along with IFSC Code).
- Input the relevant details based on your selection.
- Click the Submit button. If prompted, ensure you complete the Captcha verification before submitting.
Market Expectations and Grey Market Premium (GMP)
Investors are also keen on the Grey Market Premium (GMP), which gives an indication of the expected performance of IPO shares post-listing. According to the latest data from Investorgain.com, the GMP for the Unilex Colours and Chemicals IPO decreased from +13 on Friday to +11 by Monday. This suggests that the shares are currently trading at โน11 above the issue price in the grey market.
Listing Price Projections
Market analysts predict that the share price of Unilex Colours and Chemicals could list at approximately โน98, which reflects a 12.98% increase compared to the upper band of the IPO issue price, set at โน87. Such projections indicate a favorable reception from the market, as investors remain optimistic about the company’s growth potential.
Conclusion
The Unilex Colours and Chemicals IPO presents a compelling investment opportunity, backed by solid management and growing market expectations. Investors are encouraged to monitor the allotment results closely and consult with certified financial advisors to make informed decisions regarding their investments.
Disclaimer: The views and recommendations expressed in this article are those of individual analysts or brokerage firms and do not necessarily reflect the opinion of Mint. Investors are urged to verify information and consult with certified professionals before making investment decisions.
