Mehul Colours IPO is a book-built issue, aiming to raise ₹21.66 crore. It consists entirely of a fresh issue of 30.08 lakh equity shares. The bidding window was open from July 30, 2025, to August 1, 2025, with the IPO allotment expected to be finalised on August 4, 2025. Mehul Colours is proposed to be listed on the BSE SME platform on August 6, 2025.
The IPO was priced in the range of ₹68–₹72 per share with a lot size of 1,600 shares. The public issue received bids for 1,59,82,400 shares against 20,01,600 shares on offer, resulting in an overall subscription of 7.98 times. QIBs led the subscription with 13.54 times their reserved quota, followed by NIIs at 10.91 times and retail investors at 3.56 times.
Mehul Colours' ₹21.66 crore IPO, priced in the range of ₹68–₹72 per share, was subscribed 7.98 times overall. The issue comprises a fresh offer of 30.08 lakh equity shares. Bidding took place from July 30 to August 1, 2025, with the Mehul Colours IPO allotment status to be finalised on August 4, 2025. Retail investors subscribed 3.56 times and NIIs 10.91 times. Listing is scheduled for August 6, 2025, on the BSE SME platform.
The table below breaks down the Mehul Colours share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,52,000 (5.05%) |
| QIB Shares Offered | 14,25,600 (47.39%) |
| − Anchor Investor Shares Offered | 8,54,400 (28.40%) |
| − QIB (Ex. Anchor) Shares Offered | 5,71,200 (18.99%) |
| NII (HNI) Shares Offered | 4,28,800 (14.26%) |
| − bNII > ₹10L | 2,86,400 (9.52%) |
| − sNII < ₹10L | 1,42,400 (4.73%) |
| Retail Shares Offered | 10,01,600 (33.30%) |
| Total Shares Offered | 30,08,000 (100.00%) |
Data Source: BSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 13.54 |
| Non-Institutional Investors | 10.91 |
| Retail Individual Investors | 3.56 |
| Total shares | 7.98 |
Note: The subscription details are as of August 1, 2025
Mehul Colours Limited was incorporated in 1995 and operates as a manufacturer of masterbatches, which are concentrated pigment and additive blends used extensively in the plastics industry. These masterbatches enhance the appearance and functionality of plastic products by offering uniform colour distribution and properties such as UV resistance, flame retardancy, and anti-static behaviour.
In addition to masterbatches, which contributed 84.17% of the company’s operational revenue in Fiscal 2025, Mehul Colours also develops and sells customised pigment blends, accounting for 15.83% of revenue. Its diverse product portfolio includes colour, additive, special effect, and filler masterbatches, catering to aesthetic, technical, and process efficiency needs in plastic manufacturing.
The company operates two manufacturing facilities located in Vasai East, Maharashtra, with a combined installed capacity of 12,84,000 kg per annum. One of the units houses a dedicated R&D and testing centre that enables quality control and supports the development of tailor-made products for clients.
Mehul Colours serves over 500 customers across various industries such as household goods, stationery, toys, packaging, agricultural tools, wires and cables, and electrical accessories. While its operations are primarily domestic, spanning 16 Indian states and 2 Union Territories—the company also exports to international markets including Canada, Qatar, and Thailand, which accounted for 6.83% of its revenue in Fiscal 2025.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 4, 2025, 7:51 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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