Mehul Colours IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Mon Jul 28 2025

Mehul Colours IPO is open for bidding from 30th July 2025 to 1st August 2025. It is a bookbuilding IPO issue of 30.08 lakh shares worth ₹21.66 crores. It’s entirely a fresh issue. The issue will be listed on BSE and SME on its tentative listing date, 6th August 2025.
Mehul Colours IPO Details
The Mehul Colours IPO date is fixed between 30th July 2025 and 1st August 2025. The face value of Mehul Colours IPO shares stands at ₹10 per share, and the IPO price band is set between ₹68 to ₹72 per share.
Bigshare Services Private Limited is the registrar of Mehul Colours IPO, is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 30th July 2025 |
IPO Close Date | 1st August 2025 |
IPO Allotment Date | 4th August 2025 |
Refund Initiation | 5th August 2025 |
Issue Size | 30,08,000 shares(aggregating up to ₹21.66 Cr) |
Face Value | ₹10 per share |
Lot Size | 1,600 shares |
Issue Price Band | ₹68 to ₹72 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & SME |
Listing Date | 6th August 2025 |
Mehul Colours IPO Share Reservation
Mehul Colours IPO is a bookbuilding IPO issue of 30.08 lakh shares worth ₹21.66 crores. Mehul Colours Limited shares will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Shares Offered | % of Shares Offered |
Market Maker Shares Offered | 1,52,000 | 5.05% |
QIB Shares Offered | 14,25,600 | 47.39% |
Retail Shares Offered | 4,28,800 | 14.26% |
NII (HNI) Shares Offered | 10,01,600 | 33.30% |
Total Shares Offered | 30,08,000 | 100.00% |
Mehul Colours IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Mehul Colours IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
28-07-2025 | ₹72.00 | ₹0.00 | ₹72.00 | 0.00% |
27-07-2025 | ₹72.00 | ₹0.00 | ₹72.00 | 0.00% |
26-07-2025 | ₹72.00 | ₹0.00 | ₹72.00 | 0.00% |
25-07-2025 | ₹72.00 | ₹0.00 | ₹72.00 | 0.00% |
24-07-2025 | ₹72.00 | ₹0.00 | ₹72.00 | 0.00% |
As of 28th July 2025, the Mehul Colours IPO GMP stands at ₹0 per share, which means the share will likely show a listing at ₹72 on its tentative listing date, 6th August 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Mehul Colours GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Mehul Colours IPO Review

Check out the detailed Mehul Colours IPO review for a thorough understanding of its potential to report listing gains on 6th August 2025. The Mehul Colours IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Mehul Colours IPO.
Mehul Colours Limited’s revenue soared by 5% from ₹22.66 crores in March 2024 to ₹23.71 crores in March 2025. Moreover, the company’s PAT increased by 71% from ₹3.22 crores to ₹5.50 crores.
Mehul Colours Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Mehul Colours IPO for its tentative listing day, 6th August 2025.
Technical Analysis
A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Mehul Colours IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 9.87 |
EPS (Earnings Per Share) | 7.30 |
RoNW | 32.26% |
ROCE | 43.53% |
ROE | 38.46% |
EBITDA Margin | 30.17% |
Price to Book Value | 4.70 |
Market Capitalisation | ₹75.95 Cr |
The PE ratio of Mehul Colours Limited’s share is 9.87, and its Earnings Per Share (EPS) stands at 7.30. Thus, the Mehul Colours IPO can potentially deliver gains on its tentative listing date, 6th August 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Mehul Colours Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Indicators | Pre-IPO | Post-IPO |
PE Ratio | 9.87 | 13.8 |
EPS | 7.30 | 5.22 |
Mehul Colours Limited IPO Peer Comparison
Company Name | EPS | P/E Ratio | RoNW | Face value | Revenue |
Mehul Colours Limited | 7.30 | 9.87 | 32.26 | ₹10 | 22.66 |
Polylink Polymers India Limited | 0.96 | 28.00 | 7.13 | ₹5 | 74.91 |
Deep Polymers Limited | 2.13 | 25.68 | 5.75 | ₹10 | 107.00 |
Mehul Colours IPO Subscription Status
The Mehul Colours IPO is to be opened for bidding on 30th July 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Mehul Colours IPO Subscription Status.
Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
Market Maker Shares Offered | 1,52,000 | Yet to be announced | Yet to be announced |
QIB Shares Offered | 14,25,600 | Yet to be announced | Yet to be announced |
Retail Shares Offered | 4,28,800 | Yet to be announced | Yet to be announced |
NII (HNI) Shares Offered | 10,01,600 | Yet to be announced | Yet to be announced |
Total Shares Offered | 30,08,000 | Yet to be announced | Yet to be announced |
About Mehul Colours Limited

Mehul Colours Limited was incorporated in 1995 and is a Gujarat-based company that manufactures textile dyes and chemicals. It offers a diverse range of products, with a primary focus on quality and customer needs, and ensures timely product delivery. The company positioned itself in the competitive market by committing to a sustainability focus and customer-centric approach.
- In-house manufacturing facilities with integrated testing & R&D capabilities
- Well-diversified customer base spread across various industries & geography
- Long-term relationship with the customers
- Experienced Promoters with Industry Expertise
Mehul Colours Limited Financials
The company’s financial analysis is essential before applying for the Mehul Colours IPO. Look at the table to learn about Mehul Colours Limited’s financials.
Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
Assets | 18.95 | 13.87 | 10.82 |
Revenue | 23.71 | 22.66 | 21.37 |
Profit After Tax | 5.50 | 3.22 | 2.94 |
EBITDA | 6.88 | 4.18 | 3.97 |
Net Worth | 17.06 | 11.56 | 8.36 |
Reserve and surplus | 9.52 | 11.27 | 8.07 |
Total Borrowing | – | 0.36 | – |
Explanation
Mehul Colours Limited’s revenue soared by 5% from ₹22.66 crores in March 2024 to ₹23.71 crores in March 2025. Moreover, the company’s PAT increased by 71% from ₹3.22 crores to ₹5.50 crores.
Mehul Colours IPO Bidding Requirements
Investors can bid for a minimum of 3,200 shares in multiples of 1,600 shares thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
Individual Investors (Retail) (Min) | 2 | 3,200 | ₹2,30,400 |
Individual Investors (Retail) (Max) | 2 | 3,200 | ₹2,30,400 |
S-HNI (Min) | 3 | 4,800 | ₹3,45,600 |
S-HNI (Max) | 8 | 12,800 | ₹9,21,600 |
B-HNI (Min) | 9 | 14,400 | ₹10,36,800 |
Mehul Colour IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.
Use the lot size calculator to find how many shares you should apply for!
Mehul Colours IPO Promoter Holding
Have a look at the table below to check the holdings of Mehul Colours Limited’s promoters: Mehul Pravinchandra Joshi and Bhakti Mehul Joshi
Share Holding Pre-Issue | 96.86% |
Share Holding Post-Issue |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of Mehul Colours IPO
The primary aim of Mehul Colours IPO is to raise ₹21.66 crores. On the other hand, Mehul Colours has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Mehul Colours IPO.
- To fund capital expenditure towards the setup of a new manufacturing facility
- To Fund the Working Capital Requirement of the Company
- To meet the General Corporate Purpose
Also Read : Shree Refrigerations IPO GMP & Review: Apply or Avoid?
Should I Invest in the Mehul Colours IPO
Explore the pros and cons of Mehul Colours to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of the Mehul Colours IPO
- Offer customised solutions.
- Focus on Sustainability.
- Strong client retention rate.
- Experienced Team.
- Wide range of products.
- Huge investment in research & development.
Cons of the Mehul Colours IPO
- Low Growth
- Weak financial position
- Concentrated revenue
- Regulatory risk
How to Apply for the Mehul Colours IPO?

Check the steps mentioned below to apply for Mehul Colours Limited.
- Step 1: Conduct thorough research on the Mehul Colours Limited IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for 2 lots of 3,200 shares worth ₹2,30,400.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Mehul Colours IPO from more than one demat account to increase your allotment chances.
How to Check the Mehul Colours IPO Allotment Status?
You can check whether the Mehul Colours IPO allotment is done in different ways. These include BSE and the registrar portal. Refer to the steps below to check your allotment status online.
Check On BSE
- Visit the BSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Mehul Colours IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Mehul Colours IPO allotment status.
Let’s Wrap
Mehul Colours IPO is a bookbuilding issue of shares worth ₹21.66 crores. The shares of Mehul Colours Limited will be listed on BSE and SME on its tentative listing date of 6th August 2025. Researching the Mehul Colours IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
Also Read : Indiqube Spaces IPO GMP & Review: Apply or Avoid?
FAQs on the Mehul Colours IPO
How is the Mehul Colours IPO?
Ans. Currently, on 28th July 2025, the Mehul Colours IPO GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹72 per share. It is a bookbuilding IPO of 30.08 lakh shares worth ₹21.66 crores. The face value of each share of Mehul Colours Limited is ₹10.
What is the Mehul Colours IPO price?
Ans. The Mehul Colours IPO price band has been set between ₹68 to ₹72 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 3,200 shares, worth ₹2,30,400. Moreover, HNIs are required to bid for a minimum of 3 lots (4,800 shares) worth ₹3,45,600.
Is the Mehul Colours IPO good?
Ans. Mehul Colours Limited’s revenue soared by 5% from ₹22.66 crores in March 2024 to ₹23.71 crores in March 2025. Moreover, the company’s PAT increased by 71% from ₹3.22 crores to ₹5.50 crores.
Who is the registrar of the Mehul Colours IPO?
Ans. Bigshare Services Private Limited is the registrar of the Mehul Colours IPO, waiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the Mehul Colours allotment and refund, you can contact Bigshare Services Private Limited at
ipo@bigshareonline.com or +91-22-6263 8200.
What is the issue size of the Mehul Colours IPO?
Ans. The Mehul Colours IPO is a bookbuilding IPO for 30.08 lakh shares worth ₹21.66 crores. Moreover, the IPO is set to open on 30th July 2025 and will be closed on 1st August 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Mehul Colours IPO, download the Mehul Colours IPO RHP and Mehul Colours IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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