Mehul Colours IPO: Details and subscription status
The Mehul Colours IPO commenced with Anchor Bidding on 29 July 2025, and opened for public subscription on 30 July 2025.
31 Jul 2025 | By Sai Deepthi P
Mehul Colours factory (Source: mehulcolours.com)
Mehul Colours' IPO opened for subscription on 30 July 2025, and will close on August 1, 2025. The company aims to raise INR 21.66-crore through a fresh issue of 30.08-lakh equity shares.
About Mehul Colours
Mehul Colours is a masterbatch manufacturer. The company offers a range of colour, additive, special effect, and filler masterbatches, including UV resistant, flame retardant, and anti-slip variants, across 22 polymer types. The company operates two manufacturing plants at Palghar with integrated R&D and Application development centres. It serves over 500 clients across packaging, toys, stationery, household, agriculture, electricals, wires, and cables industries.
As of June 30, 2025, the company employed 32 permanent individuals. The company's strengths include promoters with industry experience and in-house manufacturing facilities with integrated testing and R&D capabilities.
IPO details:
The Mehul Colours IPO commenced with Anchor Bidding on 29 July 2025, and opened for public subscription on 30 July 2025. The IPO will close on 1 August 2025. The company aims to raise INR 21.66-crore at the upper price band. The price band for the IPO is set between INR 68 and INR 72 per share, with a lot size of 1,600 Equity Shares. The minimum bid size is 3,200-shares.
Seren Capital serves as the Book Running Lead Manager for the Mehul Colours IPO, with Bigshare Services acting as the Registrar. Asnani Stock Broker is the designated Market Maker.
As of July 30, 2025, the Grey Market Premium (GMP) for Mehul Colours IPO was nil. This indicates that shares are trading without a premium above the upper price band of INR 72 in the grey market. Investors anticipate the listing of Mehul Colours shares without a premium, close to the upper band of the issue price of INR 72.
According to reports, individual investors require a minimum investment of two lots, amounting to 3,200-shares, at INR 217,600. For High Net Worth Individuals (HNIs), the minimum investment is three lots, or 4,800-shares, at INR 345,600.
For the fiscal year 2025, Mehul Colours reported an EBITDA of 30.17%, a Profit After Tax (PAT) of 24.11%, a Return on Equity (ROE) of 38.46%, and a Return on Capital Employed (ROCE) of 43.53%.